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Res. No. 192-06-12333RESOLUTION NO. 192-06-12333 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, RELATING TO LOBBYING THE STATE LEGISLATURE TO ENACT A JOINT RESOLUTION TO PLACE ON A STATEWIDE BALLOT A CONSTITUTIONAL AMENDMENT TO THE FLORIDA CONSTITUTION, ARTICLE VII, SECTION 6(C), TO INCREASE THE HOMESTEAD EXEMPTION FROM $25,000 TO $100,000; 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, Article VII, Section 6(c), provides for a $25,000 (of the assessed value) tax exemption for the legal permanent residence of each Florida resident, which exemption is known as the "Homestead Exemption "; and, WHEREAS, property values, ad valorem taxation and homeowners insurance costs have increased due to several severe hurricane events and has resulted in many Florida residents being taxed out of their homes; and, WHEREAS, the City of South Miami seeks to lobby the state legislature to enact a joint resolution to place on a statewide ballot a constitutional amendment to the Florida Constitution, Article VII, Section 6(c), to increase the homestead exemption from $25,000 to $100,000. 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 urges the Florida Legislature to enact a joint resolution to place on the statewide ballot a constitutional amendment to the "Homestead Exemption" provision of the Constitution [Article VII, Section 6(c)] to increase the homestead exemption from $25,000 to $100,000, pending a thorough economic study. Section 2. The Mayor and City Commission seek the support of all neighboring communities in Miami -Dade County, Broward County, Palm Beach County Additions shown by underlining and deletions shown by ,,.,,,..�. Res. No. 192 -06 -12333 and all other affected communities within Florida to support the city's efforts to lobby the Florida Legislature as provided under section 1, above. Section 3. The City Clerk shall provide executed copies of this resolution to the Mayor of Miami -Dade County, each member of the Miami -Dade Board of County Commissioners, as well as each municipal clerk in Miami -Dade County for the purpose of distributing copies to members of their respective governing councils in order to seek support for the proposed change in state law and in support of the Constitutional statewide ballot initiative. Section 4. This resolution shall take effect immediately upon approval. PASSED AND ADOPTED this day of October, 2006. ATTEST: TY CLERK AD AND AP VED AS RM: Lui �gueredo, agin Gallop Figueredo, P.A. Office of City Attorney Page 2 of 2 APPROVED: MAYOR COMMISSION VOTE: 4-1 Mayor Feliu: Yea Vice Mayor Wiscombe: Yea Commissioner Birts: Nay Commissioner Palmer: Yea Commissioner Beckman: Yea