2000-24098 RESO
RESOLUTION NO. 2000-24098
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE AD
VALOREM MILLAGE OF 7.399 MILLS FOR GENERAL
OPERATING PURPOSES WHICH IS SIX AND ONE HALF
PERCENT (6.5%) GREATER THAN THE "ROLLED-BACK" RATE
OF 6.945 MILLS AND, THE DEBT SERVICE MILLAGE RATE OF
1.156 MILLS FOR FISCAL YEAR 2000/01.
WHEREAS, on September 14,2000 the Mayor and City Commission tentatively adopted
the operating millage rate of 7.399 mills and the debt service millage rate of 1.156 mills for FY
2000/01; and
WHEREAS, Florida Statute 200.065 requires that at the conclusion of the second public
hearing on the proposed tax rate and budget, the City Commission adopt the ad valorem millage rate
for FY 2000/01 operating purposes. This is accomplished by adopting a Resolution that includes
the percentage increase or decrease over the "Rolled-back" rate; and the required Debt Service
millage rate
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 Fiscal Year (FY) 2000/01 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 U22 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 six and one half percent (6.5%) greater than the
"Rolled-back" rate of 6.945 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 .lJ2.Q mills.
PASSED and ADOPTED this 21th day of September. 2000.
ATTEST: . '/
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CITY CLEm<: IA-1 ~,11 .
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APPROVED ~ TO
FORM & lANGUAGE
& FOR EXECUTION
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MAYOR
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
http:\\ci.miami-beach.f1.us
COMMISSION MEMORANDUM NO. /37-00
TO:
Mayor Neisen O. Kasdin and
Members of the City Commission
DATE: September 27, 2000
FROM:
Jorge M. Gonzalez
City Manager
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A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, ADOPTING THE AD VALOREM
MILLAGE OF 7.399 MILLS FOR GENERAL OPERATING PURPOSES
WHICH IS SIX AND ONE HALF PERCENT (6.5%) GREATER THAN THE
"ROLLED-BACK" RATE OF 6.945 MILLS AND, THE DEBT SERVICE
MILLAGE RATE OF 1.156 MILLS FOR FISCAL YEAR 2000/01.
SUBJECT:
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) 2000/01
General Operating
Debt Service
Total
7.399 mills
1...ll6 mills
8.555 mills
(7.499 last year)
( .L.l2.2 last year)
( 8.698 last year)
2) The adopted combined millage rate of8.555 mills is .143 mills or 1.7% less than the 8.698
combined millage rate for FY 1999/00. While the adopted operating millage rate of 7.399
mills for FY 2000/01 is lower than the rate for FY 1999/00, state statute requires that we
advertise that this rate is 6.5% greater than the "Rolled-back" rate of 6.945 mills.
The first public hearing on the tentative millage rates and budgets for FY 2000/01 was held on
September 14, 2000. The millage rates presented herein are those which were tentatively adopted
at the end of the first public hearing held on September 14,2000.
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:
AGENDA ITEM
F2-l€\
0[-27-00
DATE
Final Operating and Debt Service Millages
September 27, 2000
Page 2
1. Adopt an ad valorem millage rate for FY 2000/01 operating purposes. This is accomplished
by adopting a Resolution that includes the millage rate, the percentage increase or decrease
over the "Rolled-back" rate 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 2000/01. Also included, are budgets for the
Enterprise and Internal Service Funds. This is accomplished by adopting a companion
Resolution. (See accompanying Agenda Item R7B2).
CONCLUSION
The Administration recommends adoption of the attached Resolution which sets final operating and
debt service millage rates for FY 2000/01.
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