RESOLUTION 89-19723 RESOLUTION NO. 89-19723
A RESOLUTION ADOPTING THE TENTATIVE AD VALOREM MILLAGE
OF 9.966 MILLS FOR GENERAL OPERATING PURPOSES WHICH IS
5.95% GREATER THAN THE CALCULATED "ROLLED-BACK" RATE OF
9.406; AND 3.705 MILLS FOR DEBT SERVICE FOR THE CITY OF
MIAMI BEACH, FLORIDA, FOR FISCAL YEAR 1989/90 SUBJECT
TO A SECOND PUBLIC HEARING ON SEPTEMBER 20, 1989.
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 1989/90, on all taxable and
non-exempt real and personal property located within the corporate limits of the
City of Miami Beach, Florida, subject to a second public hearing scheduled for
September 20, 1989:
(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 1989. The millage rate herein reflected is
5.95% greater than the calculated "rolled-back" rate of 9.406.
(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 1989.
BE IT FURTHER RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, that the proposed millage rates for the City of Miami Beach, Florida
for FY 1989/90 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 13th day of September, 1989.
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Attest by:
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City Clerk
Form Approved:
City Attorney ?4,//k,
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OFFICE OF THE CITY MANAGER CITY HALL
ROB W.PARKINS 1700 CONVENTION CENTER DRIVE
CITY MANAGER TELEPHONE: 673-7010
COMMISSION MEMORANDUM NO. -
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DATE: September 13, 1989
TO: Mayor Alex Da. . . and
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Members of e City Commi .ion
• Rob W. Pa insIffig°4\99YFROM.
City Manager ,,r
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SUBJECT: A RESOLUTION AIOPTING TENTATIVE AD VALOREM MILLAGE RATE OF 9.966
MILLS FOR GENERAL OPERATING PURPOSES WHICH IS 5.95% GREATER THAN THE
CALCULATED "ROLLED-BACK" RATE OF 9.406 MILLS AND 3.705 MILLS FOR
DEBT SERVICE FOR FY 1989/90 SUBJECT TO A SECOND PUBLIC HEARING
SCHEDULED FOR SEPTEMBER 20, 1989
As provided for in the Florida Statutes, at the conclusion of the first public
hearing on the proposed tax rates and budgets for FY 1989/90, we are required
to adopt two resolutions: 1) to provide for tentative millage rates; and, 2) to
adopt tentative budgets for fiscal year 1989/90.
This resolution adopts tentative millage rates for FY 1989/90 at 9.966 mills for
General Operating purposes and 3.705 mills for Debt Service. Although the
millage rate of 9.966 will be the same as the current year, the requirements of
TRIM indicate a 5.95% tax increase over the calculated "rolled-back" rate of
9.406 mills. There is no calculated "rolled-back" rate for Debt Service.
The millage rates have been set at values sufficient to support and maintain the
general operations of the City, as well as for appropriate reserves for
contingencies. The Resolution also authorizes the establishment of the Debt
Service millage rate which will be used to pay the principal and interest due
on all outstanding General Obligation bond issues. ,
These rates have been established in accordance with the Property Appraiser' s
valuation of all properties located within the jurisdiction of the City of Miami
Beach as of January 1, 1989.
ADMINISTRATION RECOMMENDATION
The Administration recommends that the City Commission adopt the attached
resolution which tentatively adopts 9.966 mills for General Operating purposes
and 3.705 mills as the Debt Service for FY 1989/90. Final adoption is scheduled
for September 20, 1989 following the second public hearing.
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AGENDA R 2-7_ A
ITEM,
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DATE
ORIGINAL
RESOLUTION NO. 89-19723
Adopting the tentative ad valorem milage
of 9.966 mills for general operating pur-
poses which is 5.95% greater than the
calculated "Rolled-Back" rate of 9.406;
and 3.705 mills for debt service for the
City of Miami Beach, Florida, for fiscal
year 1989/90 subject to a second public
hearing on September 20, 1989.