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Res. No. 191-06-12332RESOLUTION NO. 191-06-12332 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, SUPPORTING THE MIAMI -DADS COUNTY RESOLUTION CONCERNING PROVIDING HOMEOWNERS AGE 55 AND OLDER OR THOSE WHO ARE TOTALLY AND PERMANENTLY DISABLED A ONE -TIME TRANSFER OF THE "SAVE OUR HOMES" ASSESSED VALUE IN THEIR PRESENT HOMESTEAD PROPERTY TO SMALL, LESS EXPENSIVE REPLACEMENT HOMES IN THE SAME COUNTY WITHIN ONE YEAR OF THE SALE; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Mayor and City Commission of the City of South Miami remained concerned with maintaining the qualify of life of residents in our community and preserving the investment that citizens have made in homeownership throughout Miami -Dade County; and WHEREAS, the "Save Our Homes" provision of the Florida Constitution, Article VII, Section 4 (c) (1), provides that annual increase of assessed value of homestead property shall not exceed three percent or the rate of inflation, whichever is lower; and WHEREAS, the City of South Miami supports the Miami -Dade County Resolution, incorporated herein as Attachment "A ", concerning providing homeowners age 55 and older or those who are totally and permanently disabled a one -time transfer of the "save our homes" assessed value in their present homestead property to small, less expensive replacement homes in the same county within one year of the sale of their homestead; and NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA; Section 1. The Mayor and City Commission of the City of South Miami support the Miami -Dade County Commission in this effort and urges the Florida Legislature to enact a joint resolution to place on the statewide ballot a constitutional amendment allowing homeowners age 55 or older or who have a total and permanent disability a one -time transfer of the "Save Our Homes" assessed value in their present homestead properties to smaller, less expensive replacement homes in the same county within one year of the sale. Additions shown by underlining and deletions shown by Wig. Res. No. 191-06-12332 Section 2. This resolution shall take effect immediately upon approval. PASSED AND ADOPTED this -day of October, 2006. ATTEST: APPROVED: `l ! Y CLERK OR RE D AP VED AS TO RM: Lui igueredo, Nagin Gallop Figueredo, P.A. Office of City Attorney Page 2 of 2 COMMISSION VOTE: 5 -0 Mayor Feliu: Yea Vice Mayor Wiscombe: Yea Commissioner Birts: Yea Commissioner Palmer: Yea Commissioner Beckman: Yea