2003-25345 Reso
RESOLUTION NO. 2003-25345
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ADOPTING: 1) THE FINAL AD VALOREM
MILLAGE OF 7.299 MILLS FOR GENERAL OPERATING PURPOSES, WHICH
IS ELEVEN AND EIGHT TENTHS PERCENT (11.8%) GREATER THAN THE
"ROLLED-BACK" RATE OF 6.527 MILLS; AND 2) THE DEBT SERVICE
MILLAGE RATE OF 0.874 MILLS.
WHEREAS, on September 4, 2003 the Mayor and City Commission tentatively
adopted the operating millage rate of 7.299 mills and the debt service millage rate of 0.874
mills for Fiscal Year (FY) 2003/04; and
WHEREAS, the ad valorem millage rate of 7.299 mills for general operating
purposes exceeds the "Rolled-back" rate of6.527 mills by eleven and eight tenths percent
(11.8%); and
WHEREAS, Section 200.065, Florida Statutes, requires that atthe conclusion ofthe
second public hearing on the proposed tax rate and budget for FY 2003/04, the City
Commission adopt the ad valorem millage rates for operating purposes and debt service.
This is accomplished by publicly announcing the name of the taxing authority, the "Rolled-
back" rate, the percentage increase over the "Rolled-back" rate, and the millage rates
before adoption of the millage levy resolution.
NOW THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that, pursuant to Section
200.065, Florida Statutes, there is hereby levied a tax for the FY 2003/04, on all taxable
and non-exempt real and personal property located within the corporate limits ofthe City of
Miami Beach, Florida, as follows:
(a) For the purpose of operating the government of the City, the rate assigned
amounts to 7.299 mills. Also included are appropriate reserves and
contingencies, which are not limited to reserves for tax discounts and
abatements of uncollected taxes.
The millage rate of 7.299 mills exceeds the "Rolled-back" rate of 6.527 mills
by eleven and eight tenths percent (11.8%).
(b) For the purpose of providing payment on the principal and interest
portions of the General Obligation Bond Debt outstanding, the rate
assigned amounts to 0.874 mills.
MAYOR
CITY OF MIAMI.BEACH
COMMISSION ITEM SUMMARY
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Condensed Title:
A Resolution adopting: 1) the final ad valorem millage of 7.299 mills for general operating
purposes which is eleven and eight tenths percent (11.8%) greater than the "Rolled-back" rate of
6.527 mills; and 2) the debt service millage rate of 0.874 mills for Fiscal Year 2003/04.
Issue:
Shall the Mayor and City Commission approve the final millage and the debt service millage for
Fiscal Year 2003/04 ?
Item Summary/Recommendation:
The Administration recommends adopting the resolution which sets the FY 2003/04 operating
millage for general operating purposes and debt service millage.
Advisory Board Recommendation:
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Financial Information:
Source of Amount Account Approved
Funds: 1
IF;"~J 2
3
4
Total
City Clerk's Office Legislative Tracking:
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Si n-Qffs:
Department Director
tant City Manager
City Manager
AGENDA ITEM
DATE
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CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
http:\\ci.miami-beach.f1.us
COMMISSION MEMORANDUM
FROM:
Mayor David Dermer and
Members of the City Commission
Jorge M. Gonzalez \., A...-C-r-
City Manager 0..... - D
DATE: September 18, 2003
TO:
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, ADOPTING: 1) THE FINAL AD VALOREM
MILLAGE OF 7.299 MILLS FOR GENERAL OPERATING PURPOSES,
WHICH IS ELEVEN AND EIGHT TENTHS PERCENT (11.8%) GREATER
THAN THE "ROLLED-BACK" RATE OF 6.527 MILLS; AND 2) THE DEBT
SERVICE MILLAGE RATE OF 0.874 MILLS.
ADMINISTRATION RECOMMENDATION
The Administration recommends that the City Commission adopt the attached Resolution
which sets the following:
1) Final adopted millage rates for Fiscal Year (FY) 2003/04
General Operating
Debt Service
Total
7.299 mills (7.299 last year)
0.874 mills (1.023 last year)
8.173 mills (8.322 last year)
2) The final adopted combined millage rate of 8.173 mills is 0.149 mills or 1.79% less
than the 8.322 combined millage rate for FY 2002/03. While the tentatively adopted
operating millage rate of 7.299 mills for FY 2003/04 is equal to the rate for FY
2002/03, state statute requires that we advertise that this rate is 11.8 % greater than
the "Rolled-back" rate of 6.527 mills.
The first public hearing on the tentative millage rates and budgets for FY 2003/04 was held
on September 4, 2003. The millage rates presented herein are those which were
tentatively adopted at the end of that first public hearing.
PROCEDURE
Florida Statutes 200.065 requires that at the conclusion of the second public hearing on
the millage rate and budget, the City Commission proceed in the following specific manner:
Final Operating and Debt Service Millages
September 18, 2003
Page two
1, Adopt an ad valorem millage rate for FY 2003/04 operating purposes and debt
service. The statute requires the name of the taxing authority, the "Rolled-back" rate,
and the millage rates be publicly announced before the adoption of the millage levy
resolution. Therefore, only the resolution title should be announced before the
adoption of the millage resolution.
2. Adopt a general operating budget for FY 2003/04. Also included, are budgets for the
Enterprise and Internal Service Funds. This is accomplished by adopting a companion
Resolution.
CONCLUSION
The Administration recommends adoption of the attached Resolution which sets final
operating and debt service millage rates for FY 2003/04.
JMG:PDW:JC
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