RESOLUTION 88-19365 RESOLUTION NO. 88-19365
A RESOLUTION ADOPTING THE AD VALOREM M I LLAGE AT 9.966
MILLS GENERAL OPERATING PURPOSES AND 3.705 MILLS FOR
DEBT SERVICE FOR THE CITY OF MIAMI BEACH, FLORIDA, FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 1988 AND ENDING
SEPTEMBER 30, 1989.
WHEREAS, on September 14, 1988 the City Commission of the City of Miami
Beach adopted a Resolution setting tentative millage rates for FY 1988/89 at
9.966 and 3.705 for General Operating purposes and Debt Service, respectively;
and,
WHEREAS, Florida Statutes require final adoption of those millage rates
following the conclusion of a second public hearing on those millage rates.
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 1988/89, 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, 1988.
(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, 1988.
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 1988/1989 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 22nd day of September, 1988.
A/aLLAL..
YOR
Attest by:
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City Crk
Form Approved:
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ORIGINAL
RESOLUTION NO. 88-19365
(Adopting the Ad Valorem Millage at 9.966
mills general operating purposes and 3.705
mills for debt service for the City of
Miami Beach, Florida, for the Fiscal year
beginning October 1, 1988 and ending
September 30, 1989)