2004-25688 Reso
RESOLUTION NO. 2004...,25688
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, ADOPTING: 1) THE FINAL AD VALOREM
MILLAGE OF 7.425 MILLS FOR GENERAL OPERATING PURPOSES,
WHICH IS SEVENTEEN AND SIX TENTHS PERCENT (17.6%) GREATER
THAN THE "ROLLED-BACK" RATE OF 6.314 MILLS; AND 2) THE DEBT
SERVICE MILLAGE RATE OF 0.748 MILLS.
WHEREAS, on September 9, 2004, the Mayor and City Commission tentatively
adopted the operating millage rate of 7.425 mills and the debt service millage rate of 0.748
mills for Fiscal Year (FY) 2004/05; and
WHEREAS, the ad valorem millage rate of 7.425 mills for general operating
purposes exceeds the "Rolled-back" rate of 6.314 mills by seventeen and six tenths
percent (17.6%); and
WHEREAS, Section 200.065, Florida Statutes, requires that at the conclusion of the
second public hearing on the proposed tax rate and budget for FY 2004/05, the City
Commission adopt the ad valorem millage rates for operating purposes and debt service.
This is accomplished by publicly announcing the name of the taxing authority, the "Rolled-
back" rate. the percentage increase over the "Rolled-back" rate, and the millage rates
before adoption of the millage levy resolution.
NOW THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that pursuant to Section
200.065. Florida Statutes, there is hereby levied a tax for the FY 2004/05. on all taxable
and non-exempt real and personal property located within the corporate limits of the City of
Miami Beach, Florida, as follows: of the City of Miami Beach. Florida, as follows:
(a) For the purpose of operating the government of the City, the rate
assigned amounts to 7.425 mills. Also included are appropriate
reserves and contingencies, which are not limited to reserves for tax
discounts and abatements of uncollected taxes.
A~~ p~
CITY CLERK
The millage rate of 7.425 mills exceeds the "Rolled-back" rate of
6.314 mills by seventeen and six tenths percent (17.6%).
(b) For the purpose of providing payment on the principal and interest
portions of the General Obligation Bond Debt outstanding, thxp~e
assigned amounts to 0.748 mills. FOR OVEOASTO
M & LANGUAGE
PASSED and ADOPTED this 28th day of Se te e 20. & FOR EXECUTION
1~~~~"
MAYOR
CITY OF MIAMI BEACH
COMMISSION ITEM SUMMARY
m
Condensed Title:
A Resolution adopting: 1) the final ad valorem millage of 7.425 mills for general operating
purposes which is seventeen and six tenths percent (17.6%) greater than the "Rolled-back" rate
of 6.314 mills; and 2) the debt service millage rate of 0.748 mills for Fiscal Year 2004/05.
Issue:
Shall the Mayor and City Commission approve the final millage and the debt service millage for
Fiscal Year 2004/05?
Item Summary/Recommendation:
The Administration recommends adopting the resolution which sets the FY 2004/05 operating
millage for general operating purposes and debt service millage.
rsory Bo,'" Recommend,'ioo,
Financial Information:
Source of Amount Ac.count Approved
Funds: 1
IF~J 2
3
4
Total
City Clerk's Office Legislative Tracking:
I
Si n-Offs:
Department Director
Assistant City Manager
City Manager
AGENDA ITEM R, A I
DATE Cj-'J...g-oV
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
http:\\ci.miami-beach.fl.us
COMMISSION MEMORANDUM
TO:
FROM:
Mayor David Dermer and
Members of the City Commission
Jorge M. Gonzalez \~
City Manager 0
DATE: September 28, 2004
SUBJECT:
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, ADOPTING: 1) THE FINAL AD VALOREM
MILLAGE OF 7.425 MILLS FOR GENERAL OPERATING PURPOSES,
WHICH IS SEVENTEEN AND SIX TENTHS PERCENT (17.6%) GREATER
THAN THE "ROLLED-BACK" RATE OF 6.314 MILLS; AND 2) THE DEBT
SERVICE MILLAGE RATE OF 0.748 MILLS.
ADMINISTRATION RECOMMENDATION
The Administration recommends that the City Commission adopt the attached Resolution
which sets the following:
1) Final adopted millage rates for Fiscal Year (FY) 2004/05
General Operating
Capital Replacement & Renewal
Total Operating Millage
Debt Service
Total
7.299 mills ( 7.299 last year)
0.126 mills ( 0.000 last year)
7.425 mills ( 7.299 last year)
0.748 mills ( 0.874 last year)
8.173 mills ( 8.173 last year)
2) The final adopted combined millage rate of 8.173 mills is equal to the 8.173
combined millage rate for FY 2003/04. The tentatively adopted operating millage
rate for FY 2004/05 is 7.425 mills. State statute requires that we advertise that this
rate is 17.6 % greater than the "Rolled-back" rate of 6.314 mills.
The first public hearing on the tentative millage rates and budgets for FY 2004/05 was held
on September 9, 2004. The millage rates presented herein are those which were
tentatively adopted at the end of that first public hearing.
PROCEDURE
Florida Statutes 200.065 requires that at the conclusion of the second public hearing on
the millage rate and budget, the City Commission proceed in the following specific
manner:
Final Operating and Debt Service Millages
September 28, 2004
Page two
1. Adopt an ad valorem millage rate for FY 2004/05 operating purposes and debt service.
The statute requires the name of the taxing authority, the "Rolled-back" rate, and the
millage rates be publicly announced before the adoption of the millage levy resolution.
Therefore, only the resolution title should be announced before the adoption of the
millage resolution.
2. Adopt a general operating budget for FY 2004/05. Also included, are budgets for the
G.O. Debt Service, RDA Funds-Ad Valorem Taxes, Enterprise and Internal Service
Funds. This is accomplished by adopting a companion Resolution. (See
accompanying Agenda Item R7 A2).
CONCLUSION
The Administration recommends adoption of the attached Resolution which sets both final
operating and debt service millage rates for FY 2004/05.
JMG:KGB:JC