RESOLUTION 89-19732 RESOLUTION NO. 89-19732
A RESOLUTION ADOPTING THE 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.
WHEREAS, Florida Statutes require that two public hearings be held on the
setting of millage rates for FY 1989/90; and,
WHEREAS, the City Commission of the City of Miami Beach held the first
public hearing on September 13, 1989 following which tentative millage rates of
9.966 mills for General Operating purposes and 3.705 mills for Debt Service were
adopted; and,
WHEREAS, it was publicly announced that the tentatively adopted millage
rate of 9.966 mills represents an increase of 5.95% over the calculated "rolled-
back" rate of 9.406 mills.
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:
(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 depart-
ments. 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 20th day of September, 1989.
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MAYOR
Attest by:
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City Clerk
Form Approved:
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OFFICE OF THE CITY MANAGER CITY HALL
ROB W.PARKINS 1700 CONVENTION CENTER DRIVE
CITY MANAGER TELEPHONE: 673-7010
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COMMISSION MEMORANDUM NO.
DATE: September 20, 1989
TO: Mayor Alex Das• • and
Members o e City Comm',sio ,7
FROM: Rob W. Pa . ins ler -
/Ili
City Manager ,
ir
SUBJECT: A RESOLUTION ADO'TING 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.
As provided for in the Florida Statutes, at the conclusion of the second public
hearing on the tentatively adopted tax rates and budgets for FY 1989/90, we are
required to adopt two resolutions: 1) to provide for final adoption of millage
rates; and, 2) to adopt budgets for fiscal year 1989/90.
The first public hearing was held on September 13, 1989, following which both
tentative millage rates and budgets were adopted.
This resolution adopts 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.
ADMINISTRATION RECOMMENDATION
The Administration recommends that the City Commission adopt the attached
resolution which adopts 9.966 mills for General Operating purposes and 3.705
mills as the Debt Service for FY 1989/90.
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43
AGENDA R '
ITEM .
DATE 9-
70-e
ORIGINAL
RESOLUTION NO. 89-19732
Adopting the Ad Valorem Millage of 9.966%
Mills for general operating purposes which
is 5.95% and 3.705 Mills for debt service
for the City of Miami Beach, Florida, for
Fiscal Year 1989/90.