RESOLUTION 91-20350 RESOLUTION NO. 91-20350
A RESOLUTION ADOPTING THE TENTATIVE AD VALOREM MILLAGE
OF 9.966 MILLS FOR GENERAL OPERATING PURPOSES WHICH IS
7.64% GREATER THAN THE CALCULATED "ROLLED-BACK" RATE OF
9.259; AND 2.700 MILLS FOR DEBT SERVICE FOR THE CITY OF
MIAMI BEACH, FLORIDA, FOR FISCAL YEAR 1991/92 SUBJECT TO
A SECOND PUBLIC HEARING ON SEPTEMBER 25, 1991.
BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI tsEACH,
FLORIDA, that, pursuant to the provisions of all applicable laws, there be, and
there is hereby, levied a tax for the Fiscal Year 1991/92, 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
Wednesday, September 25, 1991 at 5:01 p.m. in the City Commission Chambers, 1700
Convention Center Drive, 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 1991 . The millage rate herein
reflected is 7.64% greater than the calculated "rolled-back" rate of
9.259.
(b) For the purpose of providing payment on the principal and interest
portions o: the Genera',, Ob; iga on 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 2.700 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 1991 .
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
F 1991/92 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 11th day of September, 1991 .
vzc - MAYOR
Attest by:
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City Clerk
Form Approved:
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INCORPi iORATED; s "V A CA TIONL A NL) U. S. A.
OF THE CITY MANAGER CITY HALL
OFFICE
1700 CONVENTION CENTER DRIVE
TELEPHONE: 673-7010
•
COMMISSION MEMORANDUM NO. ---3-5;2-4/
September 11, 1991
.. DATE:
TO: Mayor Alex Daoud and
Members of the City C mission
FROM: Carla Bernabei Talari
City Manager
SUBJECT: A RESOLUTION ADOPTING TENTATIVE AD VALOREM MILLAGE RATE AT 9.966
MILLS FOR GENERAL OPERATING PURPOSES WHICH IS 7.64% GREATER THAN THE
ROLLED-BACK RATE OF 9.259 MILLS; AND 2.700 MILLS FOR DEBT SERVICE
FOR FY 1991/92 SUBJECT TO A SECOND AND FINAL PUBLIC HEARING
SCHEDULED FOR SEPTEMBER 25, 1991
As provided for in the Florida Statutes, at the conclusion of the first public
hearing on the proposed tax rates and budgets for FY 1991/92, the City is
required to adopt two resolutions: 1) to provide for tentative millage rates;
and, 2) to adopt tentative budgets for fiscal year 1991/92.
The first resolution adopts tentative millage rates for FY 1991/92 at 9.966 mills
for General Operating purposes and 2.700 mills for Debt Service. Although the
millage rate of 9.966 will be the same as the current year, the requirements and
definition of TRIM indicate a 7.64% tax increase over the calculated "roll -back"
rate of 9.259 mills. There is no calculated "roll -back" rate for Debt Service.
As the Resolution reflects, 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
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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 , 1991 .
ADMINISTRATION RECOMMENDATION
The Administration recommends that the City Commission adopt the attached
resolution which provides for tentatively adopting 9.966 mills as the General
Operating and 2.700 mills as the Debt Service millage rates for FY 1991/92.
Final adoption is scheduled for September 25, 1991 following the second and final
public hearing.
CBT:PFL:apc
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AGENDA C—
ITEM
DATE 9— 1197
1`i
ORIGINAL
RESOLUTION NO. 91-20350
Adopting the tentative ad valorem millage
of 9.966 mills for general operating
purposes which is 7. 64% greater than the
calculated "rolled-backed" rate of 9.259;
and 2. 700 mills for debt service for the
City of Miami Beach, Florida, for fiscal
year 1991/92 subject to a second public
gearing on September 25, 1991.