HomeMy WebLinkAboutBack-Up from Law Dept9/1/2017 Miami, FL Code of Ordinances
Sec. 14-59. - Annual budget; source of funds.
(a) No later than 30 days prior to the date the city commission establishes the millage rate for the city, the
executive director shall prepare for the approval of the board a budget for the operation of the
downtown development authority for the ensuing fiscal year. The budget shall be prepared in the same
manner as required of all departments of the city. When approved by the board it shall not require
approval of any officer or body of the city other than the city commission. No funds of the city may be
included in the budget of the authority except those funds authorized in this article.
(b) The operations of the downtown development authority shall be principally financed from the following
sources and such other sources as may be approved by the city commission:
(1) Donations to the authority for the performance of its functions.
(2) Proceeds of an ad valorem tax, not exceeding 0.4750 mills per dollar valuation of property in the
downtown area designated by the city commission.
(3) Money borrowed and to be repaid from other funds received under the authority of this article
which shall include federal funds, contributions and funds derived from the millage authorized to
be levied under this article.
(Code 1967, § 13-12; Code 1980, § 14-33; Ord. No. 12905, § 2, 4-12-07; Ord. No. 13573, § 2,11-19-15)
Sec. 14-60. - Annual ad valorem tax levy in downtown district; disposition of funds.
The city commission is authorized to levy an additional ad valorem tax on all real and personal property
in the downtown district as described in this article, not exceeding 0.4750 mills on the dollar valuation of
such property, for the purpose of financing the operation of the downtown development authority. This levy
of 0.4750 mills per dollar ad valorem tax shall be in addition to the regular ad valorem taxes and special
assessments for improvements imposed by the city commission. The tax collector shall transmit funds so
collected to the appropriate officer of the city responsible for the handling of the public money who shall
deposit the same in the city treasury to the credit of the authority. Such money shall be used for no purpose
other than those purposes authorized in this article and, upon approval of the board, pursuant to vouchers
signed by a minimum of two authorized signatories of the authority, who shall be the executive director and
one member of the board of directors, or two members of the board of directors. The funds of the authority
shall be secured as other public funds are secured. Other money received by the authority shall forthwith
be deposited in the city treasury to the credit of the authority, subject to disbursement as authorized in this
article. The city shall not obligate itself nor shall it ever be obligated to pay any sums from general public
funds, or from any public funds other than money received pursuant to section 14-59 for or on account of
any of the activities of the authority.
(Code 1967, § 13-13; Code 1980, § 14-34; Ord. No. 12905, § 2, 4-12-07; Ord. No. 13573, § 2,11-19-15)
https://library.municode.com/fl/miami/codes/code_of_ordinances?nodeld=PTIITHCO_CH14DODE_ARTIIDODI_DIV2DODEAU 1 /1