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2012-114-1709 - Proposed Millage Rate 1 City of Miami Gardens Agenda Cover Memo Council Meeting Date: July 28, 2012 Item Type: (Enter X in box) Resolution Ordinance Other X Fiscal Impact: (Enter X in box) Yes No Ordinance Reading: (Enter X in box) 1 st Reading 2 nd Reading X Public Hearing: (Enter X in box) Yes No Yes No X Funding Source: Advertising Requirement: (Enter X in box) Yes No X Contract/P.O. Required: (Enter X in box) Yes No RFP/RFQ/Bid #: N/A X Strategic Plan Related (Enter X in box) Yes No Strategic Plan Priority Area: Enhance Organizational Bus. & Economic Dev. Public Safety Quality of Education Qual. of Life & City Image Communication Strategic Plan Obj./Strategy: (list the specific objective/strategy this item will address) X Sponsor Name Dr. Danny Crew, City Manager Department: City Manager’s Office Short Title: A RESOLUTION OF THE CITY OF MIAMI GARDENS, FLORIDA, ESTABLISHING THE PROPOSED MILLAGE RATE FOR FISCAL YEAR 2012-2013 WITH THE ROLL-BACK RATE OF 6.3620; SETTING THE DATE, TIME AND PLACE OF PUBLIC HEARINGS TO CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE BUDGET; PROVIDING FOR DIRECTIONS TO THE FINANCE DIRECTOR, THROUGH THE CITY MANAGER; PROVIDING FOR AN EFFECTIVE DATE. Staff Summary: On July 1, 2012 the City received the final certification of 2012 taxable value for fiscal year 2013. Pursuant to Chapter 200, Florida Statues, the City has to certify with Property Appraiser Office utilizing Department of Revenue e-TRIM system, a not-to-exceed millage rate to be levied for fiscal year 2013 no later than 4:30 p.m. on August 30, 2012. The roll back rate for FY 2013 is 6.3620 mills. ITEM L-1) RESOLUTION Proposed Millage Rate 2 The rate to be adopted at this meeting is a “not to exceed” rate. At the September budget hearings that are required by law, the Council can reduce this “not to exceed” rate, but cannot levy a rate which is higher than what is established at this resolution. Recommendation: Staff recommends that Council approve the millage resolution at 6.3620 mills for the proposed FY 2013, which is the roll-back rate. Attachment: Proposed budget