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Ord. No. 21-97-1642ORDINANCE NO.21-97-164 2 A ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA,FIXING THE MILLAGE AT 6.59%WHICH IS LOWER THAN THE ROLLBACK RATE BY .09%,RESULTING INA PROPERTY TAX DECREASE OF 3.09%IN THE CITY OF SOUTH MIAMI,FLORIDA,FOR THE FISCAL YEAR 1997/98. WHEREAS,pursuant toSection200.065,FloridaStatutes,taxassessments forallreal property withinthe jurisdiction of theCity of SouthMiamihasbeenmadeby the property appraiser forDadeCountyforthefiscal year 1997/98;and WHEREAS,pursuant totheabove-cited statutory provision,the Mayor and City Commission are requiredto adopt atentative,and thereafter,afinalmillagerate of the taxing jurisdiction of theCity of SouthMiami. NOW THEREFORE BE IT ORDAINED BY THE MAYOR AND CITY COMMISSION OF SOUTH MIAMI,FLORIDA,THAT: Section 1.There shall beand hereby islevied upon real property inthe City of SouthMiami,Florida,atax of 6.59millsonthedollarforthefiscal year 1997/98 for the operation expenses of the government of theCityforthefiscal year beginning October 1,1997,andending September 30,1998.Thismillagerateislowerthanthe rollback rate by.09%andwillresultinapropertytaxdecrease of 3.09%. Section 2.This ordinance shall take effect on October 1,1997. PASSED AND ADOPTED this 19th day of September 1997. ATTEST: CITY CLERK 7/ 1st Reading -9/9/9T 2nd Reading -9/19/97 READ AND APPROVED AS TO FORM: '<<;,e^jt CITY ATTORNEY APPROY COMMISSION VOTE: Mayor Price: Vice Mayor Robaina: Commissioner Oliveros: Commissioner Bethel: Commissioner Young: 3-2 Yea Nay Nay Yea Yea CITY OF SOUTH MIAMI INTER-OFFICE MEMORANDUM Maw and Commission From:L.Dennis Whitt City Manager Date:September 17,1997 Agenda Item#f Subject:Comm.Mtg.Sept 19,1997 1997-98 Budget This ordinance establishes the Millage at 6.59%on real property intheCity of South Miami for the 1997-98 Fiscal Year,October 1,1997 through September 30,1998.This millage rate is lowerthanthe rollback rate by.09%,andwillresultina property tax decrease of 3.09%. I recommend approval.