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HomeMy WebLinkAbout2024-126-2200_-_Adopting_Proposed_Not-to-Exceed_Millage_Rate_for_FY_2024-2025_-_Adopted.docxRESOLUTION NO. 2024-126-2200 A RESOLUTION OF THE CITY OF MIAMI GARDENS, FLORIDA, ADOPTING A PROPOSED MILLAGE RATE TO BE LEVIED FOR FISCAL YEAR 2024-2025 FOR OPERATING PURPOSES; ESTABLISHING THE DEBT SERVICE MILLAGE RATE APPROVED BY THE ELECTORATE IN APRIL 2014; SETTING THE DATE, TIME AND PLACE OF PUBLIC HEARINGS TO CONSIDER THE PROPOSED MILLAGE RATE, DEBT SERVICE MILLAGE RATE AND TENTATIVE BUDGET; PROVIDING FOR DIRECTIONS TO THE CITY MANAGER; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Chapter 200, Florida Statutes, provides for a uniform procedure for the adoption of ad valorem tax and millage rates associate therewith, and WHEREAS, Section 200.065, Florida Statutes, provides for the adoption of a proposed millage rate, together with the establishment of a roll-back rate computed pursuant to Section 200.065(1), Florida Statutes, and WHEREAS, on July 1, 2024, the Property Appraiser of Miami-Dade County, Florida served upon the City, a Certification of Taxable Value, certifying to the City its 2024 taxable value and WHEREAS, pursuant to the referendum approved by the voters of the City on April 21, 2014, the issuance of General Obligation bonds in an amount of $60,000,000.00 was authorized and partially refinanced on August 11, 2020; and WHEREAS, the City Manager has recommended a budget and a proposed millage that will support the same, based upon the preliminary certified property values provided by the Property Appraiser, and WHEREAS, the provisions of Section 200.065, Florida Statues, require that the City, within thirty-five (35) days of service of the Certification of Taxable Value, furnish to the property Appraiser and Tax Collector the proposed millage rate and the date, time and place at which public hearings will be held to consider the proposed millage rate and the tentative budget, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, FLORIDA, AS FOLLOWS: Section 1. ADOPTION OF REPRESENTATIONS: The foregoing Whereas paragraphs are hereby ratified and confirmed as being true, and the same are hereby made a specific part of this Resolution. Docusign Envelope ID: 5A63DE2A-1FFC-4327-9154-3CB381EA635C Page 2 of 3 Resolution No. 2024-126-2200 Section 2. ADOPTION OF PROPOSED OPERATING MILLAGE RATE: The City Council hereby adopts and establishes the proposed operating millage rate for FY 2024- 2025 at 6.9363, which is $6.9363 per $1,000.00 of assessed property within the City of Miami Gardens, Florida. Section 3. COMPUTATION OF OPERATING ROLLBACK RATE: The roll-back rate is 6.3025. Section 4. ADOPTION OF DEBT SERVICE MILLAGE RATE: The City Council hereby adopts and establishes the proposed voted debt service millage rate for FY 2024- 2025 at 0.4762 mills as established in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes. Section 5. That the City’s aggregate tentative millage rate is 7.4125 (a combined total Millage of 6.9363 Mills for operating and 0.4762 Mills for debt service). Section 6. ESTABLISHMENT OF DATE, TIME AND PLACE OF PUBLIC HEARING: The date, time and place of the first and second public hearings on the proposed millage rate and tentative budget are set by the City Council as follows: Date Time Place First Budget Hearing: September 11, 2024 5:01 p.m. City Hall/City of Miami Gardens 18605 NW 27 Ave Miami Gardens, FL 33056 Second Budget Hearing: September 25, 2024 5:01 p.m. City Hall/City of Miami Gardens 18605 NW 27 Ave Miami Gardens, FL 33056 Section 7. DIRECTIONS TO THE FINANCE DIRECTOR THROUGH THE CITY MANAGER: The City Manager, is directed to complete and certify the “Not to exceed” millage rate utilizing the Department of Revenue electronic eTRIM system no later than 4:30 p.m. on August 4, 2024. Section 8. EFFECTIVE DATE: This resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON JULY 24, 2024. Docusign Envelope ID: 5A63DE2A-1FFC-4327-9154-3CB381EA635C Page 3 of 3 Resolution No. 2024-126-2200 ________________________________ RODNEY HARRIS, MAYOR ATTEST: ________________________________ MARIO BATAILLE, CMC, CITY CLERK PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY SPONSORED BY: CAMERON BENSON, CITY MANAGER Moved by: Councilman Leon Seconded by: Councilman Stephens VOTE: 7-0 Mayor Harris Yes Vice Mayor Wilson Yes Councilwoman Campbell Yes Councilwoman Ighodaro Yes Councilwoman Julien Yes Councilman Leon Yes Councilwoman Stephens, III Yes Docusign Envelope ID: 5A63DE2A-1FFC-4327-9154-3CB381EA635C