97-22538 RESO
RESOLUTION NO.
97-22538
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE AD VALOREM
MILLAGE OF 7.499 MILLS FOR GENERAL OPERATING PURPOSES,
WHICH IS FOUR AND TWO TENTHS PERCENT (4.2%) GREATER THAN
THE "ROLLED-BACK" RATE OF 7.197 MILLS, AND 1.711 MILLS
FOR DEBT SERVICE FOR THE CITY, FOR FISCAL YEAR 1997/98.
BE IT DULY RESOLVED BY THE MAYOR AND 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 Fiscal Year 1997/98, on all taxable and non-exempt
real and personal property located within the corporate limits of the City of
Miami Beach, Florida, as follows:
(a) For the purpose of operating the government of the City,
the rate assigned amounts to ~ 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 reflected is four and two tenths
percent (4.2%) greater than the "rolled-back" rate of
7.197 mills.
(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 1.711
mills.
PASSED and ADOPTED this 29~ day of
ATTEST:
j\obO rOtA-~
CITY CLERK
APPROVED AS TO
FORM & lANGUAGE
& FOR EXECUTION
I . /1 II
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~ .ty nay
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CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
htlp:\\ci.miami-beach. fl. us
COMMISSION MEMORANDUM NO. ~ ~ c..l:5.1
FROM:
Mayor Seymour Gelber and DA TE: September 24,1997
Members of the City Commission
Jose Garcia_pedrojf{a
City Manager
A RESOLUTIO ADOPTING: 1) THE AD VALOREM MILLAGE OF 7.499
MILLS FOR GENERAL OPERATING PURPOSES WHICH IS FOUR AND
TWO TENTHS PERCENT (4.2%) GREATER THAN THE "ROLLED BACK"
RATE OF 7.197 MILLS; 2) THE DEBT SERVICE MILLAGE RATE OF
1.711 MILLS.
TO:
SUBJECT:
RECOMMENDATION:
The Administration recommends that the City Commission adopt the
attached Resolution which sets the following:
1) Final adopted millage rates for FY 1997/98
General Operating 7.499 mills (7.499 last year)
Debt Service 1.711 mills (1.879 last year)
Total 9.210 mills (9.378 last year)
2) The adopted millage rate of 7.499 mills is 4.2% greater than
the "rolled-back" rate of 7.197 mills.
The first public hearing on the tentative millage rates and budgets
for FY 1997/98 was held on September 11, 1997. The millage rates
presented herein are those which were tentatively adopted at the
end of the first public hearing held on September 11, 1997.
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:
1. Adopt an ad valorem millage rate for FY 1997/98 operating
purposes.
AGENDA ITEM
R'lA\
DATE~
Operating and Debt Service Millages
Page 2
September 24, 1997
This is accomplished by adopting a Resolution that includes
the millage rate, the percent increase or decrease over the
"rolled back" rate i and the required Debt Service millage
rate.
In prior years, we were mandated to read this Resolution
aloud, in its entirety. However, a recent change in state
statute requires that only the title be read aloud.
2. Adopt a general operating budget for FY 1997/98. Also
included, are budgets for the Enterprise and Internal Service
Funds. This is accomplished by adopting a companion
Resolution. (See accompanying Agenda Item R- - - ).
CONCLUSION
The Administration recommends adoption of the attached Resolution
which sets the final operating and debt service millage rates for
FY 1997/98.
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