HomeMy WebLinkAboutR-17-0446opCity of Miami
1 i.RR cl
Legislation
alldl 1 l +
Resolution R-17-0446
File Number: 2808
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/19/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION PROPOSING A
TENTATIVE MILLAGE RATE FOR AD VALOREM TAXATION PURSUANT TO
SECTION 200.065, FLORIDA STATUTES (2017); DEFINING AND DESIGNATING
THE TERRITORIAL LIMITS FOR THE CITY OF MIAMI ("CITY'); LEVYING AN AD
VALOREM TAX ON ALL REAL AND PERSONAL PROPERTY IN THE CITY AT A
TOTAL TENTATIVE RATE OF 8.0300 MILLS ON THE DOLLAR OF THE
TAXABLE VALUE OF SUCH PROPERTY FOR THE PURPOSES OF FUNDING
THE GENERAL OPERATING BUDGET AND PAYMENT OF DEBT SERVICE
FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING
SEPTEMBER 30,2018; CONTAINING A SEVERABILITY CLAUSE; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Section 200.065, Florida Statutes (2017), sets forth the method of
computing, proposing, and fixing a millage rate for ad valorem taxation; and
WHEREAS, for the purposes of this Resolution, the City of Miami ("City") is defined as
all of the territory and inhabitants within the area defined in Section 2 of the Charter of the City,
entitled "Corporate Limits", and more specifically described in Exhibit "A" of the Charter, on file
in the Office of the City Clerk; and
WHEREAS, on July 1, 2017, the Miami -Dade County Property Appraiser ("Appraiser"),
pursuant to Section 200.065(1), Florida Statutes (2016), certified to the City the preliminary
taxable value within its territorial limits, set at $49,621,309,999; and
WHEREAS, the City prepared a tentative budget for the Fiscal Year beginning October 1,
2017 and ending September 30, 2018 and computed a total proposed millage rate of 8.0300,
which is 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, on July 27, 2017, the Miami City Commission enacted Resolution No. R-17-
0383, wherein it directed the City Manager to submit to the Appraiser and Miami -Dade County
Tax Collector the total proposed millage rate of 8.0300 mills, together with the required
information set forth in Section 200.65(2)(b), Florida Statutes (2016); and
WHEREAS, pursuant to Section 200.065(2)(c), Florida Statutes (2017), the City
Commission is required to hold a public hearing on the tentative budget and the proposed
millage rate and such public hearing has occurred earlier today in this meeting;
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
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. There shall be levied an ad valorem tax on all real and personal property in
City of Miami Page 1 of 2 File ID: 2808 (Revision:) Printed On: 12/18/2017
File ID: 2808
Enactment Number: R-17-0446
the City at a total tentative rate of 8.0300 mills on the dollar of the taxable value of such property
for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018, computed as
follows:
7.4365 mills to fund the General Operating Budget
0.5935 mills to provide for the payment of maturing principal, interest, charges, and
requirements related to voter approved indebtedness.
Section 3. The tentative millage rate herein adopted for the purpose of funding the
General Operating Budget is 4.84% greater than the rolled -back rate of 7.0934 mills.
Section 4. If any section, part of a section, paragraph, clause, phrase, or word of this
Resolution is declared invalid, the remaining provisions of the Resolution shall not be affected.
Section 5. This Resolution shall be effective as of October 1, 2017 after final reading and
adoption thereof.'
APPROVED AS TO FORM AND CORRECTNESS:
1
i ria i ' ndez, City Attor ey 911I2017
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: 2808 (Revision:) Printed on: 12/18/2017