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2017-130-3235 Setting Millage Rate FY 2017-18 1 City of Miami Gardens Agenda Cover Memo Council Meeting Date: July 26, 2017 Item Type: (Enter X in box) Resolution Ordinance Other X Fiscal Impact: (Enter X in box) Yes No Ordinance Reading: (Enter X in box) 1st Reading 2nd 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 Cameron Benson City Manager Department: City Manager’s Office Short Title: A RESOLUTION OF THE CITY OF MIAMI GARDENS, FLORIDA, ADOPTING A PROPOSED MILLAGE RATE TO BE LEVIED FOR FISCAL YEAR 2017-18 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 Staff Summary: On July 1, 2017 the City received the certification of 2017 taxable value for fiscal year 2018. Pursuant to Chapter 200, Florida Statues, the City has to certify with Property Appraiser Office 2 utilizing Department of Revenue e-TRIM system, a not-to-exceed millage rate to be levied for fiscal year 2018 no later than 4:30 p.m. on August 4, 2017. The operating roll back rate for FY 2018 is 6.3876 mills. The proposed operating rate is 6.9363 which is the same millage rate as FY 2017. The voted debt service approved by the voters on April 21, 2014 for the parks and recreation improvements and purchase of crime prevention equipment is 1.0565 mill for FY 2018. 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 should Council decide to increase the “not to exceed rate”, a first class certified mail has to be sent to all voters in the City. Recommendation: Staff recommends that Council approve the millage resolution at 6.9363 mills for the operating and 1.0565 mills for debt service. Attachment: Proposed budget