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HomeMy WebLinkAboutExhibit BMiami City Commission Resolution No. R-16-0366, adopted July 29, 2016 City ®f Miami City Hall 3500 Pan American Drive Imo: Miami, FL 33133 , ° k Master Report www.miamigov.com Enactment Number: R-16-0366 File Number: 16-00924 File Type: Resolution Status: Passed Version: 1 Reference: Controlling Body: Office of the City Clerk File Name: Computing Millage Rate for FY'17 - DDA Introduced: 6/21/2016 Requester: Downtown Development Cost: Final Action: 7/29/2016 Authority Title: A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30,2017; DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH THE DATES, TIMES 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: 16-00924 Memo -Miami Downtown Development.pdf,16-00924 DDAResolutions.pdf,16-00924 Back -Up Documents.pdf,16-00924 Back -Up from Law Dept.pdf,16-00924 Legislation.pdf, History of Legislative File Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result: 1 Office of the City 7/19/2016 Reviewed and Attorney Approved 1 City Commission 7/29/2016 ADOPTED Pass 1 Office of the Mayor 8/8/2016 Signed by the Mayor Office of the City Clerk 1 Office of the City Clerk 8/8/2016 Signed and Attested by City Clerk City of Miami Page 1 Printed on 812412016 M� f'� o Cit ®f Miami � City Hall 3500 Pan American # Drive Legislation Miami, FL 33133 www.miamigov.com File Number: 16-00924 Final Action Date: 7/29/2016 A RESOLUTION OF THE MIAMI CITY COMMISSION COMPUTING A PROPOSED MILLAGE RATE FOR THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY ("DDA"), FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017; DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND THE TAX COLLECTOR TOGETHER WITH THE DATES, TIMES 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 (2016), sets forth the method for fixing a millage rate; and WHEREAS, on July 1, 2016, the Miami -Dade County Property Appraiser ("Property Appraiser"), pursuant to Section 200.65(1), Florida Statutes (2016), certified to the Miami Downtown Development Authority ("DDA") the taxable value within the DDA's jurisdiction; and WHEREAS, prior to levying a millage, the DDA is required to prepare a tentative budget and to 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, the rolled back rate, and the dates, times and place at which public budget hearings will be held to consider the proposed millage 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 the Notice of Proposed Property Taxes, commonly referred to as the "TRIM notice"; 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 RDA's rolled back rate is 0.4254 mills. Section 3. A proposed millage rate for the DDA for the Fiscal Year beginning October 1, 2016 and ending September 30, 2017, is 0.4681 mills, which is 10.04% more than the rolled back rate. Section 4. The Executive Director is hereby directed to submit forthwith the rolled back rate City of Miami Page 1 of 2 File 1d: 16-00924 (version: 1) Printed On: 812412016 File Number.' 16-00924 Enactment Number: R-16-0366 and the proposed millage rate for the DDA to the Property Appraiser and to the Miami -Dade County Tax Collector together with the dates, times and place at which the City Commission will hold public hearings to consider the proposed millage rate and the DDA's tentative budget for said fiscal year as follows: September 6, 2016 at 5:05 P.M. and September 20, 2016 at 5:05 P,M. in the Commission Chambers at City Hall, 3500 Pan American Drive, Dinner Key, Miami, Florida. Section 5. 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 Miand Page 2 of 2 File Id. 16-00924 (!Version: 1) Printed On: 812412016 Memorandurl DOWNTOWN DEVELOPMENT AUTHORITY To: Tit honorable May nd eau�bers of the City Commission � From: ye Robertson Exec ive Director Date: July 15, 2016 Ike: Items for July 29, 2016 City Commission Meeting Recommendation It is respectfully requested that the City Commission approve the attached Resolution establishing the FY 2016-2017 millage rate for the Downtown Development Authority `("DDA") of the City of Miami, Florida, Back ro>utnd In 1980, the State of Florida Legislature enacted House Bill 4-D entitled "Truth in Millage" (TRIM BILL), which has been incorporated into the Florida Statutes under Section 200. The TRIM BILL also stipulates that the proposed millage rate be submitted to the Property Appraiser and Tax Collector, and included in the City's tax notices mailed to property owners. The City Commission is authorized under Chapter 14 of the City of Miami Code to levy an additional ad valorem tax on all real and personal property in the Downtown Development District, not to exceed 0,475 mill, for the purpose offinancing the operations of the DDA, The proposed spillage rate for the DDA for the fiscal year beginning October 1, 2016 and ending September 30, 2017 is 0.4681 mill, which is 1.0.04% o more than the roll back rate of 0,4254 mill, The Miami City Commission must also establish the dates and tunes of the first and second public hearings in connection with the DDA FY 2016-2017 proposed millage rate and budget. As in past years, the DDA's public hearings should be scheduled for the same date as the City's. AMR/cdl Attachments cc: 'Victoria Mendez, City Attorney (via email) Ana Medina, Agenda Coordinator (via einaii) Todd Bannon., City Clerk. (via email) Miami Downtown Development Authority Tel: 305,579,6675 200 S. Biscayne Boulevard, Suite 2929 Fax: 305,371,2423 Miami, Florida 33131 Web: www,miamidda,com RESOLUTION NO, —19 //2016 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA, AUTHORIZING THE EXECUTIVE DIRECTOR TO ESTABLISH A PROPOSED MILLAGE RATE FOR THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017AT 0.4681 MILLS, WHEREAS, Section 200.065(2)(a)l, Florida Statutes (2010) ("Statute"), requires each taxing authority to establish a proposed millage rate;. and WHEREAS, the Statute stipulates that the proposed millage rate be submitted to the Miami -Dade County Property Appraiser and the Tax Collector; and WHEREAS, the proposed millage rate reflects the levy necessary to realize property tax revenues anticipated in the Fiscal Year 2016-2017 Budget for the Downtown Development Authority of the City of Miami ("DDA");. and WHEREAS, the Statute requires that the proposed tax rate be included on tax notices; and WHEREAS, the proposed millage rate submitted to the Property Appraiser is not binding but necessary for the purpose of preparation of tax notices. NOW THEREFORE; be it resolved by the Board of Directors of the Downtown Development Authority of the City of Miami, Florida Section 1. The recitals are true and correct and are adopted by reference and incorporated .as if fully .set forth in this Section.. Section 2. The DDA Board of Directors hereby authorizes the Executive Director to establish a proposed millage rate for the Downtown Development District of the City of Miami, Florida for the Fiscal Year beginning October 1, 2016 and ending September 30, 2017 at 0'.4681 mills, Section 3, The Executive Director of the DDA is instructed to subunit said proposed rate for the Downtown Development District of the City of Miami, Florida to the Miami -Dade County Property Appraiser and Tax Collector. PASSED AND ADOPTED this 15th day of July, 2016, ATTEST: Karry . aravi a Se Lary to the Board of Directors RESOLUTION NO. 20/2016 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI DOWNTOWN DEVELOPMENT AUTI4ORITY ("DDA') OF THE CITY OF MIAMI, FLORIDA, APPROVING THE PRELIMINARY ANNUAL BUDGET OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER .30, 2017, REQUESTING THAT THE MIAMI CITY COMMISSION ESTABLISH T.HE', MILLAGE TO SUPPORT THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY TO EXPEND FUNDS FOR THE BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO FILE. A DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND ESTIMATED REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017 WITH THE CITY CLERK. OF THE CITY OF MIAMI AFTER ADOPTION AND ESTABLISHMENT OF THE MILLAGE BY TIIE MIAMI CITY COMMISSION; AND FURTHER PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE CI'T'Y CLERK. OF` THE CITY OF MIAMI. WHEREAS, the Miami Downtown Development Authority (DDA) of the City of Miami, Florida. hasprepared a preliminary budget for the Fiscal Year beginning October. 1, 2016 and ending September 30, 2017; and WHEREAS, the Board of Directors of the DDA has reviewed said budget, said budget being based on the Estimated Tax Roll provided by Miami -Dade County; and WHEREAS, the Board of Directors of the DDA finds that the proposed budget is necessary in order to further the objectives of the Downtown Development Authority, as authorized by City Ordinance, NOW THEREFORE, be it resolved by the Board of Directors of the Miami Downtown Development Authority of the City of Miami, Florida: Section 1. The. recitals are true and correct and are adopted by 'reference .and incorporated as if fully set forth in this section. Section 2, Thepreliminary budget of the DDA, as submitted by the Executive Director, is made pail of this Resolution and is hereby approved and shall be Imown as the "Annual Budget of the Miami Downtown Development Authority Fiscal Year October 1 2016 tl�rough�Septelnber 30, 2017". Section 3. The following appropriations for the Fiscal Year beginning October 1, 2016 and ending September 30, 2017 are hereby nude for the purpose of financing the operation and other legal and proper purposes of the Miami Downtown Development Authority of the City of Miami, Florida, to wit: Revenue Sources Ad Valorem Tax Levy Total Sources Fund Balances/Reserves Downtown Development Regional Impact (DRI) Fund's Total Revenues and Balances Use of Funds. Leadership, Advocacy & Operations Arts, Culture & Fntertalnment. Business Development & Marketing Quality of Life Urban Placemaking Transit, Connectivity & Mobility Tri -Rall Downtown Link Subtotal Fund Balances/Reserves Downtown Development Regional Impact (DRI) Expenditures Total Uses GENERALFUND DRI TOTAL ALL FUNDS 7,928,830 7,923,890 7,923,830 7,923,830 1,140,270 1,140,270 150,000 150,000' 9,064,100 150,000 9,214,100 1,116,700 1,116,700 1,030,450 1,030,450 1,965,950 1,965,950 2,392,800 2,392,800 1,191,600 1,191,600 1,066,600 1,066,600 300,000 300,000 9,064,100 9,064,100 150,000 9,50,000 9,064,100 150,000 9,214,100 Section 4. The Commission of the City of Miami is requested to adopt said preliminary budget and establish the millage, authorized by law, to support the financial requirements of this budget. Section 5. The Executive Director of the Miami Downtown Development Authority is authorized to upend funds, including new salary rates, as provided in said budget, after adoption and .establishment of the millage by the Miami City Commission, upon the first day of the 2016-2017 Fiscal Year, October 1, 2016. Section 6, The Executive Director of the DDA isdirected to prepare and file with the City Clerk of the City of Miami, Florida detailed statement of the proposed expenditures and estimated revenues for the Fiscal Year 2016-2017,. which shall be entitled "Annual Budget of the Miami Downtown Development Authority: Fiscal Year October 1 2016 ttbrough September 30 2017". Section 7. A copy of this Resolution and the attachment shall be filed with the City Clerk of the City of Miami, Florida after adoption of the millage by the City of Miami Commission. PASSED AND ADOPTED this 15t" day of.Joly, 2016. c. 41nmrs ober' ussell, Chairman Alyce . Robertson, Executive Director ATTEST; Kar cyrav'Secrry to the Board of the Directors NI I 12'11�ffl J1� MAXIMUM MILLAGE LEVY CALCULATION PRELIMINARY DISCLOSURE . FLORIDA For municipal governments, counties, and special districts LEI, 1)11�420MM-P R. 5/12 Rule 12D-16,002 Florlda Administrative Code Effective 11/12 Year: 2016 County: MIAMI-DADE, Principal Authority: Dade Co, Downtown Dev, Authority Taxing Authority: DADE CO DOWNTOWN DEV AUTH I 1. Is your taxing authority a municipality or Independent special district that has levied ad valorem taxes for less than 5 years? Yes IF YE S, S1'0P HERE. SIGN AND SUB11417". You are riot subject to a millage limitation, 2. Current year rolled -back rate from Current Year Form DR -420, Line 16 0,4254 per $1,000 (2) ,3. Prior year maximum millage rate with a majority vote from 2075 Form DR-420MM, Line 13 0,4255 per $1,000 (3) 4. Prior year operating millage rate from Current Year Form DR -420, Line 10 0.4681 per $1,000 (4) Adjust rolled -back rate based on prior year majority -vote maximum millage rate 5. Prior year final gross taxable value from Current Year Forma 1511-420, Line 7 $ 0 (5) 6, Prior year maximum ad valorem proceeds with majority vote (Line 3 multiplied by line 5 divided by 1,000) $(6) 0 7, Amount, If any, paid or applied In prior year as a consequence of an obligation measured by a dedicated Increment value from Current Year Form DR -420 Line 12 $ 0 (7) 8, Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7) 0 (8) 9, Adjusted current year taxable value from Current Year form DR -420 Line 15 $ 0 (9) 10. 1 Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000) 0.0000 per $1,000 (10) Calculate maximum millage levy 11, Rolled -back rate to be used for maximum millage levy calculation (Enter Line 10 if adjusted or else enter Line 2) 0.4254 Per $1,000 (11) 12. Adjustment for change In per capita Florida personal income (See Line 12 Instructions) 1.0375 (12) 13, Majority vote maximum millage rate allowed (Line 11 muitiplied by Line 12) 0,4414 per $1,000 (13) 14, Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10) 0.4855 per $ 1,000 (14) 15, Current year proposed mIllage rate 0,4681 per $ 1,OOG (15) 16.1 Minimum vote required to levy proposed millage: (Check one) (16) a, Majority vote of the governing body: Check here if Line 15 Is less than or equal. to Line 13, The maximum millage rate is equal to the majority vote maximum rate,. Enter Line 73 on Line 77. b. Two-thirds vote of governing body: Check here If Line IS is less than or equal to Line 14, but greaterthan Line 13, The maximum millage rate is equal to proposed rate, Enter Line 15 on Line 17. c, Unanimous vote of the governing body, or 3/4 vote If nine members or more: Check here if Line 15 is greater than Line 14, The maximum millage rate -15 equal to the proposed rate. Enter Line 15 on Line 17. F-] d. Referendum: The maximum millage rate Is equal to the proposed rate, Enter Line 15 on Line 17. 17. The selection on Line 16 allows a maximum millage rate of (Enterrote Indicated by choice on Line 16) 0A681 per $ 1,000 (17) 18, Current year gross taxable -value from Current Year Form DR -420, Line 4 $ 16,681,746,744 (18) Continued on page 2 Taxing Authority; DR-420MM-P DADE CO DOWNTOWN DEV AUTFI R. 5/12 Page 2 19. Current year proposed taxes (Line 15 multiplied byline 18, divided by 1,000) $ 7,808,726 (19) 2o, Total taxes levied at the maximum millage rate (kine 17multipliedby Line 18, divided $ '(20) by 7,000) 7,808726 j 0 1 ", gt 1112 , E 1 ks (21) 21. Enter the current year proposed taxes of all dependent special districts & MSTUs levying a millage:,. (rhe sum -of al/Lines 19 from each district's Form DR 420MM-P) 0 22, Total current year proposed taxes (Line 19 plus Line 27) $ 7,808,726 .(22) Total Maximum Taxes 23, Enter the taxes at the maximum millage of all dependent special districts & MSTUs $ 0 (23) .levying, a millage (The sum of all Lines 20 from each district's Form DR-420MM-P) 24, Total taxes at maximum millage rate (Line 20 plus Line 23) $ 7,808,726 (24) Total Maximum Versus Total Taxes Levied 25, Are total current year proposed taxes on line 22 equal to -or less than total taxes at the YES 25) maximum millage rate on Line 24? (Check one) I certify the millages and rates are correct tothe best of my knowledge. The millages Taxing Authority Certification comply with the provisions of s.200.065 and theprovisionsof either s. 2M071 or s, S 200.081, F.S. I Signature of Chief Administrative Officer: Date: G N Electronically Certified by Taxing Authority 7/15/2016 12:21 PM Title: Contact Name and Contact Title: H ALYCE M. ROBERTSON, EXECUTIVE DIRECTOR CAROLINA LONDONO, MANAGER, ACCOUNTING AND E FINANCE R Mailing Address: Physical Address E 200 S. BISCAYNE BLVD, STE 2929 200 S. BISCAYNE BLVD., SUITE 2929 City, State, Zip: Phone Number: Fax Number: MIAMI, FL 33131 (305)579-6675 (305)371-2423 Complete and submit this form DR-420MM-P, Maximum Millage Levy Calculation -Preliminary Disclosure, to your property appraiser with the form DR -420, Certification of Taxable Value. Instructions on page 3 MAXIMUM MILLAGIE LEVY CALCULATION PRELIMINARY DISCLOSURE INSTRUCTIONS General instructions Each of the following taxing authorities must complete a DR-420MM-P. • County Municipality Special district dependent to a county or municipality e County MSTU • independent special district, including water management districts • Water management district basin Voting requirements for millages adopted by a two-thirds or a unanimous vote are based on the full .membership of the governing body, not on the number.of members present at the time of the vote, This form calculates the maximum tax levy for 2016 allowed under s. 200.065(5), F.S. Counties and municipalities, including dependent special districts and MSTUs, which adopt a tax levy at the final hearing higher than allowed under s. 200..065, F:S., may be subject to the loss of their half -cent sales tax distribution. DR-420MM-P shows the preliminary maximum millages and taxes levied based on your proposed adoption vote. Each taxing authority must complete, sign, and submit this form to their property appraiser with their completed DR -420, Certification of Taxable Value. The vote at the final hearing and the resulting maximum may change. After the final hearing, each taxing authority will fife a final Form DR-420MM, Maximum Millage Levy Calculation Final Disclosure, with Form DR -487, Certification of Compliance, with the Department of Revenue. Specific tax year references in this form are updated each year by the. Department. Line Instructions Lines 5-10 DR-42QMM-P R. 5/1.2 Page 3 Only taxing authorities that levied a 2015 millage rate less than their maximum majority vote rate must complete these lines. The adjusted rolled -back rate on Line 10 is the rate that would have been levied if the maximum vote rate for 2015 had been adopted. If these lines are completed, enter the adjusted rate on Line 11.. Line 12 This line is entered by the Department of Revenue. The same adjustment factor is used statewide by all taxing authorities. It is based on the change in per capita Florida personal income (s. 200,001(8)(i), F.S,), which Florida Law requires the Office of Economic and Demographic Research to report each year. Lines 13 and *14 Millage rates are the maximum that could be levied with a majority or two-thirds vote of the full membership of the governing body. With a unanimous vote of the full membership (three-fourths vote of the full membership"if the governing body has nine or more members) or a referendum, the maximum millage rate that can be levied is the taxing authority's statutory or constitutional cap. Line 16 Check the box for the minimum vote necessary at the final hearing to levy your adopted millage rate, Line 17 Enter the millage rate indicated by the box checked in Line 16. If the proposed millage rate is equal to or less than the majority vote maximum millage rate, enter the majority vote maximum, If a two-thirds vote, a unanimous vote, or a referendum is required, enter the proposed millage rate. For a. millage requiring more than a majority vote, the proposed millage rate must be entered on Line 17, rather than the maximum rate, so that the comparisons on Lines 21 through 25 are accurate. AI.I TRIM forms for taxing authorities are available on our website at http://­dor.myflorida.com/dor/`property/trim