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HomeMy WebLinkAboutPre-Legislation FR/SRFile Number: 15-00477 Final Action Date: 7/23/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30,2016; DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH ITS ROLLED -BACK RATE AND THE DATE, TIME, AND PLACE OF THE PUBLIC HEARING AT WHICH THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE DDA'S TENTATIVE BUDGET FOR SAID FISCAL YEAR, WHEREAS, Section 200.065, Florida Statutes (2014), sets forth the method of fixing a millage rate; and WHEREAS, on July 1, 2015, the Miami -Dade County Property Appraiser, pursuant to Section 200.065(1), Florida Statutes (2014), certified to the Miami Downtown Development Authority ("DDA") the taxable value within its jurisdiction; and WHEREAS, prior to levying a millage, the DDA is required to prepare a tentative budget and compute a proposed millage rate necessary to fund the tentative budget other than the portion of the budget to be funded from sources other than ad valorem taxes; and WHEREAS, the DDA, within thirty-five (35) days of certification of the taxable value, must advise the Property Appraiser of its proposed millage rate; rolled back rate; and the date, time, and place at which a public hearing will be held to consider the proposed millage rate and the tentative budget; and WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but is necessary for the purpose of preparing "Truth in Millage" ("TRIM") notices; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The proposed millage rate for the DDA of the City of Miami, Florida, for the Fiscal Year beginning October 1, 2015 and ending September 30, 2016, is 0.475 mills, which is 13.83% more than the rolled back rate of 0.4173 mills. Section 3. The Executive Director is hereby directed to submit forthwith said proposed millage rate for the DDA to the Property Appraiser and to the Tax Collector together with its rolled -back rate and the date, time, and place at which the City Commission will hold a public hearing to consider the proposed City of Miami Page 1 of 2 File Id: 15-00477 (Version: 1) Printed On: 8/28/2015 City of Miami 3500 Pan American erican h1i, Drive Legislation Miami, PL 33133 www.miamigov.com v Resolution: R-15-0326 File Number: 15-00477 Final Action Date: 7/23/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30,2016; DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH ITS ROLLED -BACK RATE AND THE DATE, TIME, AND PLACE OF THE PUBLIC HEARING AT WHICH THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE DDA'S TENTATIVE BUDGET FOR SAID FISCAL YEAR, WHEREAS, Section 200.065, Florida Statutes (2014), sets forth the method of fixing a millage rate; and WHEREAS, on July 1, 2015, the Miami -Dade County Property Appraiser, pursuant to Section 200.065(1), Florida Statutes (2014), certified to the Miami Downtown Development Authority ("DDA") the taxable value within its jurisdiction; and WHEREAS, prior to levying a millage, the DDA is required to prepare a tentative budget and compute a proposed millage rate necessary to fund the tentative budget other than the portion of the budget to be funded from sources other than ad valorem taxes; and WHEREAS, the DDA, within thirty-five (35) days of certification of the taxable value, must advise the Property Appraiser of its proposed millage rate; rolled back rate; and the date, time, and place at which a public hearing will be held to consider the proposed millage rate and the tentative budget; and WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but is necessary for the purpose of preparing "Truth in Millage" ("TRIM") notices; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The proposed millage rate for the DDA of the City of Miami, Florida, for the Fiscal Year beginning October 1, 2015 and ending September 30, 2016, is 0.475 mills, which is 13.83% more than the rolled back rate of 0.4173 mills. Section 3. The Executive Director is hereby directed to submit forthwith said proposed millage rate for the DDA to the Property Appraiser and to the Tax Collector together with its rolled -back rate and the date, time, and place at which the City Commission will hold a public hearing to consider the proposed City of Miami Page 1 of 2 File Id: 15-00477 (Version: 1) Printed On: 8/28/2015 File Number: 15-00477 Enactment Number: R-15-0326 millage rate and the DDA's tentative budget for said fiscal year as follows: September 10, 2015 at 5;05 P.M. and September 24, 2015 at 5;05 P.M. in the Commission Chambers at City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida. Section 4, This Resolution shall become effective immediately upon its adoption and signature of the Mayor,{1} Footnotes: {1} If the mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id. 15-00477 (Version: 1) Printed On: 8/28/2015 K flj s r r City Hall City of Miami350QPan American Drive Miami, FL 33133 sINC�e OR �� www,miamigov.com Muter Report File Number: 15-00477 Version: 1 Enactment Number: R-15-0326 File Type: Resolution Reference: File Name: Computing Millage Rate FY'16 - DDA Status: Passed Controlling Body: Office of the City Cleric Introduced: 4/7/2015 Requester: Downtown Development Cost: Final Action: 7/23/2015 Authority Title: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30,2016; DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH ITS ROILED -BACK RATE AND THE DATE, TIME, AND PLACE OF THE PUBLIC HEARING AT WHICH THE CITY COMMISSION WILL CONSIDER THE PROPOSED MILLAGE RATE AND THE DDA'S TENTATIVE BUDGET FOR SAID FISCAL YEAR, Sponsors: Notes: Indexes: Attachments: 15-00477 Memo - DDA.pdf,15-00477 Proposed DDA Board Reso.pdf,15-00477 Back -Up from Law Dept.pdf,15-00477 Legislation.pdf,15-00477-Submittal-Alyce Robertson -Memo from DDA Board.pdf, History of Legislative File Version: Acting Body: Date:. Action: Sent To: Due Date: Return Date: Result: 1 Office of the City 7/10/2015 Reviewed and Attorney Approved 1 City Commission 7/23/2015 ADOPTED Pass 1 Office of the Mayor 8/3/2015 Signed by the Mayor Office of the City Clerk I Office of the City Clerk 8/3/2015 Signed and Attested by City Clerk City of Miami Page I Printed on 812812013