RESOLUTION 91-20363 RESOLUTION NO. 91-20363
A RESOLUTION ADOPTING THE AD VALOREM MILLAGE OF 9.743 MILLS FOR
GENERAL OPERATING PURPOSES WHICH IS 5.23% GREATER THAN THE
CALCULATED "ROLLED-BACK" RATE OF 9.259; AND 2.200 MILLS FOR DEBT
SERVICE FOR THE CITY OF MIAMI BEACH, FLORIDA, FOR FISCAL YEAR
1991/92.
WHEREAS, Florida Statutes require that two public hearings be held on the
setting of millage rates for FY 1991/92; and,
WHEREAS, the City Commission of the City of Miami Beach held the first
public hearing on September 11, 1991 following which tentative millage rates of
9.966 mills for General Operating purposes and 2.700 mills for Debt Service were
adopted; and,
WHEREAS, the City Commission of the City of Miami Beach held a second
public hearing on September 25, 1991 , following which millage rates of 9.743
mills for General Operating purposes and 2.200 mills for Debt Service were
adopted; and,
WHEREAS, it was publicly announced that the adopted millage rate of 9.743
mills represents an increase of 5.23% over the calculated "rolled-back" rate of
9.259 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 1991/92, 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 adopted rate assigned for these purposes amount to
9.743 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 5.23% greater than the calculated "rolled-back" rate of
9.259.
(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 adopted rate assigned
for these purposes amount to 2.200 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 1991 .
BE IT FURTHER RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, that the adopted millage rates for the City of Miami Beach, Florida for
FY 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 25th day of September, 1991 .
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VICE - MAYOR
Attest by:
PIN0Ad j)
City Clerk
Form Approved:
0,,/f City Attorney
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OFFICE OF THE CITY MANAGER CITY HALL
1700 CONVENTION CENTER DRIVE
TELEPHONE: 673-7010
COMMISSION MEMORANDUM NO. a -
September 25, 1991
DATE:
TO: Mayor Alex Daoud and
Members of the City Commission
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FROM: Carla Bernabei Talarico " �
City Manager
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SUBJECT: A RESOLUTION ADOPTING AD VALOREM MILLAGE RATE OF 9.966 MILLS FOR
GENERAL OPERATING PURPOSES WHICH IS 7.64% GREATER THAN THE
CALCULATED "ROLLED-BACK" RATE OF 9.259 MILLS; AND 2.700 MILLS FOR
DEBT SERVICE FOR FY 1991/92.
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 1991/92, we are
required to adopt two resolutions: 1) to provide for final adoption of millage
rates; and, 2) to adopt budgets for fiscal year 1991/92.
The first public hearing was held on September 11, 1991, following which both
tentative millage rates and budgets were adopted.
This resolution adopts 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 of TRIM indicate
a 7.64% tax increase over the calculated "rolled-back" rate of 9.259 mills.
There is no calculated "rolled-back" rate for Debt Service.
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ADMINISTRATION RECOMMENDATION
The Administration recommends that the City Commission adopt the attached
resolution which adopts 9.966 mills for General Operating purposes and 2.700
mills as the Debt Service for FY 1991/92.
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ORIGINAL
RESOLUTION NO. 91-20363
Adopting the Ad Valorem Millage of 9.743
Mills for General Operating purposes
which is 5. 23% greater than the
calculated "rolled back" rate of 9. 259;
and 2.200 mills for debt service for the
City of Miami Beach, Florida, for fiscal
year 1991/92.