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1 ` Resolution R-17-0395
File Number. 2599
City Haff
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 7/27/2017
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, 2017 AND ENDING SEPTEMBER 30, 2018;
DIRECTING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED
MILLAGE RATE TO THE MIAMI-DADE COUNTY PROPERTY APPRAISER AND
THE TAX COLLECTOR TOGETHER WITH 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 (2017), sets forth the method for fixing a
millage rate; and
WHEREAS, on June 30, 2017, the Miami -Dade County Property Appraiser ("Property
Appraiser"), pursuant to Section 200.065(1), Florida Statutes (2017), certified to the Miami
Downtown Development Authority of the City of Miami, Florida ("DDA") the taxable value within
the RDA'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 1T 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 DDA's rolled back rate is 0.4464 mills.
Section 3. The proposed millage rate for the DDA for the Fiscal Year beginning October
1, 2017 and ending September 30, 2018 is 0.4681 mills, which is 4.86% more than the rolled
back rate.
City of Miami Page i of 2 File 1D: 2599 (Revision: A) Printed On: 8116/2017
File ID: 2599 Enactment Number: R-17-0395
Section 4. The Executive Director is hereby directed to submit forthwith the rolled back
rate 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 14, 2017 at 5:05 P.M. and September 28, 2017 at
5:05 P.M. in the Commission Chambers at City Fall, 3500 Pan American Drive, Dinner Key,
Miami, Florida.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS
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 !D: 2599 (Revision: A) Printed on: 8/16/2017