HomeMy WebLinkAboutPre-LegislationCity of Miami
` Master Report
o k �
File Number: 6050
Revision: B
Enactment Number: R-19-0314
File Type: Resolution
File Name: Establish - Millage Rate - Downtown Development
District
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 6/12/2019
Requesting Dept: Downtown Development Authority Final Action Date: 7/25/2019
Title: 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,
2019 AND ENDING SEPTEMBER 30,2020; AUTHORIZING THE EXECUTIVE
DIRECTOR TO SUBMIT SAID PROPOSED MILLAGE RATE AND STATUTORILY
DEFINED ROLLED -BACK RATE TO THE MIAMI-DADE COUNTY PROPERTY
APPRAISER AND 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.
Notes: File was inadvertently incremented from Revision A to Revision B by Law Dept on
7/29/2019. All changes made to Revision A has been incorporated into Revision B.
Links:
Attachments: 6050 Back -Up Documents -SUB (PDF)
6050 Pre -Legislation DDA -SUB (PDF)
6050 Back -Up from Law Dept -SUB (PDF)
6050 Memo from Downtown Development Authority -Substitution Packet (PDF)
History of Legislative File:
Revision:
Acting Body:
Date:
Action:
Result:
Christopher M Rose
7/11/2019
Budget Review
Completed
A
Victoria M6ndez
7/22/2019
Approved Form and
Completed
Correctness
A
City Commission
7/25/2019
Meeting
Completed
A
City Commission
7/25/2019
ADOPTED WITH
Passed
MODIFICATION(S)
B
Barnaby L. Min
7/30/2019
Approved Form and
Completed
Correctness with Modification(s)
B
Mayor's Office
7/31/2019
Signed by the Mayor
Completed
B
City Clerk's Office
7/31/2019
Signed and Attested by the City
Completed
Clerk
B
City Clerk's Office
7/31/2019
Rendered
Completed
City of Miami
Page 1 of 1
Printed on: 7/31/2019
City of Miami
Legislation
R 111111 111111 �
.e. 11 11
` Resolution: R-19-0314
File Number: 6050
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 7/25/2019
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, 2019 AND ENDING SEPTEMBER 30, 2020;
AUTHORIZING THE EXECUTIVE DIRECTOR TO SUBMIT SAID PROPOSED
MILLAGE RATE AND STATUTORILY DEFINED ROLLED -BACK RATE TO THE
MIAMI-DADE COUNTY PROPERTY APPRAISER AND 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 ("Statute"), sets forth requirements for the
"Truth in Millage" ("TRIM") notice and requires each taxing authority to establish a proposed
millage rate and to determine the statutorily defined rolled -back rate; and
WHEREAS, the Statute stipulates that said proposed millage rate and statutorily defined
rolled -back rate be submitted to the Miami -Dade County Property Appraiser ("Property
Appraiser") and the Miami -Dade County Tax Collector ("Tax Collector"); and
WHEREAS, said proposed millage rate will reflect the levy necessary to fund the Miami
Downtown Development Authority of the City of Miami, Florida's ("DDA") tentative budget other
than the portion of the budget to be funded from sources other than ad valorem taxes; and
WHEREAS, the Statute defines the "rolled back millage rate" as a millage rate which,
with certain specified exclusions, will provide the same ad valorem tax revenue for each taxing
authority as was levied during the prior year less the amount, if any, paid or applied as a
consequence of an obligation measured by the dedicated increment value; and
WHEREAS, the exclusions to the rolled back millage rate are "new construction,
additions to structures, deletions, increases in the value of improvements that have undergone a
substantial rehabilitation which increased the assessed value of such improvements by at least
100 percent, property added due to geographic boundary changes, total taxable value of
tangible personal property within the jurisdiction in excess of 115 percent of the previous year's
total taxable value, and any dedicated increment value"; and
WHEREAS, the proposed millage rate submitted to the Property Appraiser and the Tax
Collector is not binding but is necessary for the purpose of preparation of tax notices;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 6050 (Revision: B) Printed On: 7/31/2019
File ID: 6050 Enactment Number: R-19-0314
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. The DDA's rolled back rate is 0.4491 mills.
Section 3. The proposed millage rate for the DDA for the Fiscal Year beginning October
1, 2019 and ending September 30, 2020 is 0.4681 mills, which is 4.23% more than the rolled
back rate.
Section 4. The Executive Director is hereby authorized' to submit forthwith the rolled
back rate and the proposed millage rate for the DDA to the Property Appraiser and to the Tax
Collector together with the date, time, 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 12, 2019 at 5:05 P.M. and September 26, 2019 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.2
APPROVED AS TO FORM AND CORRECTNESS:
Barnaby L. Min, Deputy City Attorney 7/30/2019
' The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
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: 6050 (Revision: 8) Printed on: 7/31/2019
RESOLUTION NO. 017/2019
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI,
FLORIDA ("MIAMI DDA") APPROVING THE PRELIMINARY ANNUAL
BUDGET OF THE MIAMI DDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2019 AND ENDING SEPTEMBER 30,2020; REQUESTING THAT
THE MIAMI CITY COMMISSION ESTABLISH THE MILLAGE TO SUPPORT
TIE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE
EXECUTIVE DIRECTOR OF THE MIAMI DDA 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, 2019 AND
ENDING SEPTEMBER 30, 2020 WITH THE CITY CLERK OF THE CITY OF
MIAMI ("CLERK") AFTER ADOPTION AND ESTABLISHMENT OF THE
MILLAGE BY THE MIAMI CITY COMMISSION; AND FURTHER PROVIDING
THAT A COPY OF THIS RESOLUTION BE FILED WITH THE CLERK.
WHEREAS, the Miami Downtown Devclopment Authority of the City of Miami, Florida
("Miami DDA") has prepared a preliminary budget for the Fiscal Year beginning October 1, 2019
and ending September 30, 2020 ("Fiscal Year"); and
WHEREAS, the Board of Directors of the Miami DDA has reviewed said budget on the
Estimated Tax Roil provided by Nfiami-Dade County; and
WHEREAS, the Board of Directors of the Miami DDA finds that the proposed budget is
necessary in order to further the objectives of the Miami DDA, as authorized by the Code of the
City of Miami, Florida, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF TBI 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 preliminary budget of the Miami DDA, as submitted by the Executive
Director is made part of this Resolution and is hereby approved and shall be known as the "Annual
Budget of the Miami Downtown Develapment Authority; Fiscal Year. October 1, 2019 through
September 30, 2020".
Section 3. The following appropriations for the Fiscal Year BEGINNING October 1,
2019 and ending September 30, 2020 are hereby made for the purpose of financing the operations
and other legal and proper purposes of the Miami DDA:
GENERAL FUND
Revenue Sources
Ad Vuforem Tax Levy $ 9,920,000
Other Revenue MAW
TotatSauren IAZBS,000
We of Funds
Carryover Funds ire m Prtaruars 2,4L%087
TbW Ro"nuas and Balsams 12,688,087
Genesi Expense 2,577,152
Leadsship,AdvamayandOpera arcs L,2$700
urbanism 4,a89r80
Errtatprlse 1.90A.750
subbowl 11, 01,552
Fund ealancWRaservos 1alm* 85
Total Was W"100
Section 4. The Executive Director is directed to submit a eopy of this preliminary
budget as well as this Resolution to the Miami City Commission and to request the Miami City
Commission 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 is authorized to expend funds, including new
salary rates, as provided in' said budget, after adoption and establishment of the millage by the
Miami City Commission, beginning October 1, 2019.
Section G. The Executive Director is directed to prepare and file with the.City Clerk
of the City of Miami, Florida ("Cleric") a detailed statement of the proposed expenditures and
estimated revenues for the Fiscal Year 2019-2020, which shall be entitled "Annual Budget of the
Miami Downtown Development Autholrity: Fiscal Year October 1, 2019 through September 30,
2020",
Section 7. A copy of this Resolution and the attachment(s) shall be filed with the
Clerk after adoption of the millage by the Miami City Commission.
Section S. This Resolution shall become effective immediately upon its adoption.
Ivonne de is Vega
Secretary to the Board of the
PASSED AND ADOPTED this
Chairman
yce M. Robertson, Executive Director