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HomeMy WebLinkAboutExhibit CCity of Miami 1 i.RR cl Legislation alldl 1 l + Resolution: R-18-0384 File Number: 4584 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 9/13/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PROPOSING AN ADDITIONAL TENTATIVE MILLAGE RATE FOR AD VALOREM TAXATION PURSUANT TO SECTION 200.065, FLORIDA STATUTES; DEFINING AND DESIGNATING THE TERRITORIAL LIMITS OF THE DOWNTOWN DEVELOPMENT DISTRICT ("DISTRICT") OF THE CITY OF MIAMI, FLORIDA ("CITY'); LEVYING AN ADDITIONAL AD VALOREM TAX ON ALL REAL AND PERSONAL PROPERTY IN THE DISTRICT AT THE RATE OF 0.4681 MILLS ON THE DOLLAR OF TAXABLE VALUE OF SUCH PROPERTY IN SAID DISTRICT FOR THE PURPOSE OF FINANCING THE OPERATION OF THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30,2019; PROVIDING THAT SAID MILLAGE SHALL BE IN ADDITION TO THE MILLAGE ADOPTED BY THE CITY COMMISSION PURSUANT TO ARTICLE VII, SECTION 9 OF THE FLORIDA CONSTITUTION AND SECTION 166.211, FLORIDA STATUTES, AS WELL AS ANY SPECIAL ASSESSMENTS IMPOSED BY THE SAME; PROVIDING THAT THIS RESOLUTION SHALL NOT BE DEEMED AS REPEALING OR AMENDING ANY OTHER RESOLUTION OR ANY ORDINANCE FIXING MILLAGE OR LEVYING TAXES, BUT SHALL BE DEEMED SUPPLEMENTAL AND IN ADDITION THERETO; CONTAINING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Miami City Commission pursuant to Chapter 65-1090, Laws of Florida; Section 189.056, Florida Statutes ("F.S."); and Section 14-60 of the Code of the City of Miami, Florida, as amended, is authorized to levy an additional ad valorem tax on the taxable value of all real and personal property in the Downtown Development District ("District") not exceeding 0.4750 mills on the dollar valuation of such property for the purpose of financing the operation of the Miami Downtown Development Authority of the City of Miami, Florida ("DDA") as affirmed in Milan Investment Group v. City of Miami, 172 So. 3d 458 (Fla. 3rd DCA 2015); and WHEREAS, for the purpose of this Resolution, the District is defined as the area within the territorial limits of the City of Miami ("City") as it now exists with the boundaries thereof being designated in Ordinance No. 12307, adopted December 12, 2002, and more specifically described in Exhibit "A", attached and incorporated; and WHEREAS, Section 200.065, F.S., sets forth the method of computing, proposing, and fixing a millage rate for ad valorem taxation; and WHEREAS, Section 200.065(5)(a)(1), F.S., requires that the now proposed tentative millage rate of 0.4681 mills would further require, at the time of a second hearing, a four-fifths (4/5ths) affirmative vote of the City Commission on the final determination to adopt such millage rate; and WHEREAS, on June 28, 2018, the Miami -Dade County Property Appraiser ("Property City of Miami Page 1 of 3 File ID: 4584 (Revision:) Printed On: 9/17/2018 File ID: 4584 Enactment Number: R-18-0384 Appraiser") pursuant to Section 200.065(1), F.S., certified to the DDA the taxable value of property within the territorial limits of the District at $19,469,904,269.00; and WHEREAS, the DDA prepared a tentative budget for the Fiscal Year ("FY") beginning October 1, 2018, and ending September 30, 2019, and computed a proposed millage rate of 0.4681 mills, which is necessary to fund the tentative budget, other than the portion of the DDA's budget to be funded from sources other than ad valorem taxes; and WHEREAS, on July 26, 2018, the City Commission adopted Resolution No. 18-0335, attached and incorporated as Exhibit "B", wherein it directed the Executive Director of the DDA to submit to the Property Appraiser and the Miami -Dade County Tax Collector the proposed millage rate of 0.4681 mills, together with other required information set forth in Section 200.65(2)(b), F.S.; and WHEREAS, Section 200.065(2)(c), F.S., requires the City Commission 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 as if fully set forth in this Section. Section 2. For the purpose of this Resolution, the District is defined as that area within the territorial limits of the City as it now exists with the boundaries thereof being designated in Ordinance No. 12307, adopted December 12, 2002, and as more specifically described in Exhibit "A", attached and incorporated. Section 3. There shall be levied an additional ad valorem tax on the taxable value of all real and personal property within the District at a rate of 0.4681 mills on the dollar of the taxable value of such property for the purpose of financing the operation of the DDA for the FY beginning October 1, 2018 and ending September 30, 2019. Section 4. The proposed tentative millage rate herein adopted is 3.17% greater than the rolled -back rate of 0.4537 mills. Section 5. The millage adopted and the ad valorem taxes levied pursuant to this Resolution shall be in addition to the fixing of the millage adopted and ad valorem taxes levied by the City Commission, pursuant to Article VII, Section 9 of the Florida Constitution and Section 166.211, F.S., as well as in addition to any special assessments imposed by the same. Section 6. This Resolution shall neither repeal nor amend any other resolution or ordinance adopting millage or levying ad valorem taxes for the FY beginning October 1, 2018, and ending September 30, 2019, but shall be deemed supplemental and in addition thereto. Section 7. 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 8. This Resolution shall become effective immediately upon its adoption and City of Miami Page 2 of 3 File ID: 4584 (Revision:) Printed on: 9/17/2018 File ID: 4584 signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: i ria i nde�z�City Attor iey 9/4/2018 Enactment Number: R-18-0384 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 3 of 3 File ID: 4584 (Revision:) Printed on: 911712018