98-22899 RESO
RESOLUTION NO. 98-22899
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING
THE AD VALOREM MILLAGE OF 7.499 MILLS FOR
GENERAL OPERATING PURPOSES, WHICH IS FIVE AND
EIGHT TENTHS PERCENT (5.8%) GREATER THAN THE
"ROLLED-BACK" RATE OF 7.090 MILLS, AND 1.484 MILLS
FOR DEBT SERVICE FOR THE CITY FOR FISCAL YEAR
1998/99.
BE IT DULY RESOLVED BY THE MAYOR AND 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 Fiscal Year 1998/99, 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 of the City, the rate
assigned amounts to 1A2.2. mills. Also included are appropriate
reserves and contingencies, which are not limited to reserves for tax
discounts and abatements of uncollected taxes.
The millage rate reflected is five and eight tenths percent (5.8%)
greater than the "rolled-back" rate of 7.090 mills.
(b) F or the purpose of providing payment on the principal and interest
portions of the General Obligation Bond Debt outstanding, the rate
assigned amounts to 1.484 mills.
PASSED and ADOPTED this 2.Jrd. day of September. 1998.
M
MAYOR
APPROVED AS TO
ATTEST: FORM & lANGUAGE
o & fOR EXECUTION
~y~ M~
CITY CLERK 14~~ '"? 'ft riff
. , ' .', .'." . - . .. ..' -~
~ITY OF MIAMI BEACH
:ITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
rtp:\\ci.miami-beach. fl. us
COMMISSION MEMORANDUM NO. ~ L./ ;) - g ~
TO:
Mayor Neisen O. Kasdin and
Members of the City Com sion
DATE: September 23,1998
FROM:
Sergio Rodriguez
City Manager
SUBJECT:
A RESOLUT ON ADOPTING, THE AD VALOREM MILLAGE OF 7.499
MILLS FOR GENERAL OPERATING PURPOSES WHICH IS FIVE AND
EIGHT TENTHS PERCENT (5.8%) GREATER THAN THE "ROLLED
BACK" RATE OF 7.090 MILLS, AND DEBT SERVICE MILLAGE RATE OF
1.484 MILLS FOR FISCAL YEAR 1998/99.
RECOMMENDATION:
The Administration recommends that the City Commission adopt the attached Resolution which sets
the following:
1)
Final adopted millage rates for FY 1998/99
General Operating 7.499 mills
Debt Service 1.484 mills
Total 8.983 mills
( 7.499 last year)
( 1.711 last year)
( 9.210 last year)
2) The adopted combined millage rate of 8.983 mills is .227 mills or 2.5% less than the 9.210
combined millage fate fOf FY 1997-98. While the adopted millage rate of 7.499 mills for
FY 1998-99 is the same as the rate for FY 1997-98, state statute requires that we advertise
that this rate is 5.8% greater than the "rolled-back" rate of7.090 mills.
The first public hearing on the tentative millage rates and budgets for FY 1998/99 was held on
September 10, 1998. The millage rates presented herein are those which were tentatively adopted
at the end of the first public hearing held on September 10, 1998.
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:
1. Adopt an ad valorem millage rate for FY 1998/99 operating purposes.
AG ENDA ITEM ----B..Jl::2.l
DATE 9' -:t 3-9'X
Final Operating and Debt Service Millages
Page 2
September 23, 1998
This is accomplished by adopting a Resolution that includes the millage rate, the percent
increase or decrease over the "rolled back" rate; and the required Debt Service millage rate.
In prior years, we were mandated to read this Resolution aloud, in its entirety.
However, a recent change in state statute requires that only the title be read aloud.
2. Adopt a general operating budget for FY 1998/99. Also included, are budgets for the
Enterprise and Internal Service Funds. This is accomplished by adopting a companion
Resolution. (See accompanying Agenda Item)
CONCLUSION
The Administration recommends adoption of the attached Resolution which sets the final operating
and debt service millage rates for FY 1998/99.
SR{;;JJC