RESOLUTION 90-20111 RESOLUTION NO. 90-20111
A RESOLUTION ADOPTING THE AD VALOREM MILLAGE OF 9.966 MILLS FOR
GENERAL OPERATING PURPOSES WHICH IS 10.72% GREATER THAN THE
CALCULATED "ROLLED-BACK" RATE OF 9.001; AND 3.200 MILLS FOR DEBT
SERVICE FOR THE CITY OF MIAMI BEACH, FLORIDA, FOR FISCAL YEAR
1990/91.
WHEREAS, Florida Statutes require that two public hearings be held on the
setting of millage rates for FY 1990/91 ; and,
WHEREAS, the City Commission of the City of Miami Beach held the first
public hearing on September 12, 1990 following which tentative millage rates of
9.966 mills for General Operating purposes and 3.200 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 10.72% over the calculated "rolled-
back" rate of 9.001 mills.
NOW, THEREFORE 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 1990/91, 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
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 1990. The millage rate herein
reflected is 10.72% greater than the calculated "rolled-back" rate of
9.001 .
(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 3.200 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 1990.
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 1990/91 was fixed and determined in the manner provided for by all applicable
provisions of the law, including the "Truth-In-Millage" requirets (Secti . .
200.065) , and is in compliance therewith.
PASSED and ADOPTED this 26th day of September, 1990.
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If MAYOR
Attest by: T Aicx--
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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
COMMISSION MEMORANDUM NO. 1/ (,'
DATE: September 26, 1990
TO: Mayor Alex Dao a and
Members of • • City Com• issio
FROM: .
ROM: Rob W. Par s fr‘iel
City Manager
SUBJECT: A RESOLUTION ADOPTING AD VALOREM M I LLAGE RATE OF 9.966 MILLS FOR
GENERAL OPERATING PURPOSES WHICH IS 10.72% GREATER THAN THE
CALCULATED "ROLLED-BACK" RATE OF 9.001 MILLS; AND 3.200 MILLS FOR
DEBT SERVICE FOR FY 1990/91.
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 1990/91, we are
required to adopt two resolutions: 1) to provide for final adoption of millage
rates; and, 2) to adopt budgets for fiscal year 1990/91 .
The first public hearing was held on September 12, 1990, following which both
tentative millage rates and budgets were adopted.
This resolution adopts millage rates for FY 1990/91 at 9.966 mills for General
Operating purposes and 3.200 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 10.72% tax increase over the calculated "rolled-back" rate of 9.001 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 3.200
mills as the Debt Service for FY 1990/91 .
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AGENDA -7 A
ITEM
DATE --'
ORIGINAL
RESOLUTION NO. 90-20111
Adopting the ad valorem millage of 9. 966
mills for general operating purposes
which is 10. 72% greater than the cal-
culated "Rolled-Back" rate of 9.001; and
3.200 mills for debt service for the City
of Miami Beach, Florida, for fiscal year
1990/91.