RESOLUTION 87-18970 RESOLUTION No. 87-189 70
A RESOLUTION ADOPTING THE PROPOSED AD VALOREM
MILLAGE AT 9.966 MILLS FOR GENERAL OPERATING
WHICH IS 4.11% GREATER THAN THE ROLL-BACK
MILLAGE RATE OF 9. 573; AND 3.705 MILLS FOR DEBT
SERVICE OF THE CITY OF MIAMI BEACH, FLORIDA, FOR
THE FISCAL YEAR BEGINNING OCTOBER 1 , 1987 AND
ENDING SEPTEMBER 30, 1988.
BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, that, pursuant to the provisions of all
applicable laws, there be, and there is hereby, levied a tax for
the Fiscal Year 1987-1988 , on all taxable and non-exempt real and
personal property located within the corporate limits of the City
of Miami Beach, Florida, as follows :
(a) For the purpose of operating the government and the
administration of the City and to provide funds for the support
and maintenance of City departments . Also included are
appropriate reserves and contingencies, which are not limited to
reserves for tax discounts and abatements of uncollected taxes.
The proposed rate assigned for these purposes amount to 9 . 966
mills on the assessed dollar valuation of all taxable, non-exempt
real and personal property located within the jurisdiction of the
City of Miami Beach, as certified by the Property Appraiser ' s
Office of Metropolitan Dade County, Florida in July, 1987 . The
millage rate herein reflected is 4 . 11% greater than the millage
rate calculated at the roll-back rate of 9 . 573 .
(b) For the purpose of providing payment on the principal and
interest portions of the General Obligation Bond Debt outstanding
and associated fees of the City as duly issued, which allow for
reserves for tax discounts and abatements for uncollected taxes .
The proposed rate assigned for these purposes amount to 3 . 705
mills on the assessed dollar valuation of all taxable, non-exempt
real and personal property located within the jurisdiction of the
City of Miami Beach, as certified by the Property Appraiser ' s
Office of Metropolitan Dade County, Florida in July, 1987 .
BE IT FURTHER RESOLVED BY THE CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, that the total proposed millage rate for the
City of Miami Beach, Florida for FY 1987/1988 of 13 . 671 was fixed
and determined in the manner provided for by all applicable
provisions of the law, including the "Truth-in-millage"
requirements ( Section 200 . 065) , and is in compliance therewith.
PASSED and ADOPTED this 8th day of September , 1987 .
Ai /
..
MAYOR
Attest :
/(1Yd,/,‘J- -24-L/A.
City Clerk
FORM APPROVED
pc-1 L ' AL DEPT. ,
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Date ....._.....
ORIGINAL
RESOLUTION NO. 87-18970
(Adopting the proposed Ad Valorem Millage
at 9.966 mills for general operating
which is 4.11% greater than the roll-back
millage rate of 9.573; and 3.705 mills
for debt service of the City of Miami
Beach, Florida, for the fiscal year be-
ginning October 1, 1987 and ending Sept.
30, 1988)