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Res No 094-24-16199RESOLUTION NO.094-24-16199 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, DECLARING, AS REQUIRED BY SECTION 200.065, FLORIDA STATUTES, THE CITY'S PROPOSED MILLAGE RATE, ROLLED -BACK RATE COMPUTED PURSUANT TO SECTION 200.065(1), FLORIDA STATUTES, AND THE DATE, TIME AND PLACE AT WHICH THE FIRST AND SECOND PUBLIC BUDGET HEARINGS WILL BE HELD TO CONSIDER THE PROPOSED MILLAGE RATE AND THE TENTATIVE BUDGET FOR FISCAL YEAR 2024-2025; DIRECTING THE CITY MANAGER AND CITY CLERK TO TRANSMIT AND FILE THIS RESOLUTION WITH THE MIAMI-DADE COUNTY PROPERTY APPRAISER; AUTHORIZING THE CITY MANAGER TO CHANGE BUDGET HEARING DATES, IF NEEDED; AND PROVIDING FOR CORRECTIONS AND AN EFFECTIVE DATE. WHEREAS, Chapter 200, Florida Statutes provides a procedure for the adoption of ad valorem tax and millage rates associated therewith; and WHEREAS, Section 200.065, Florida Statutes provides for the adoption of a proposed millage rate, together with the establishment of a rolled -back millage rate computed pursuant to Section 200.065(1), Florida Statutes; and WHEREAS, on July 1, 2024, the Honorable Pedro J. Garcia, Miami -Dade County, Property Appraiser (the "Property Appraiser") served upon the City of South Miami (the "City") a "Certification of Taxable Value" certifying to the City its 2024 taxable value; and WHEREAS, the provisions of Section 200.065, Florida Statutes, require that the City, within thirty-five (35) days of service of the Certification of Taxable Value, advise the Property Appraiser of the City's proposed millage rate, the City's rolled -back rate, and the date, time, and place at which public hearings will be held to consider the proposed millage rate and the tentative budget; and WHEREAS, in accordance with the provisions of Florida law, the City Commission is presenting the proposed millage rate, the City's rolled -back rate, and the data, time, and place at which public hearings will be held to consider the proposed millage rate and tentative budget. Page 1 of 3 Res. No. 094-24-16199 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, THAT: Section 1. Recitals. That each of the above -stated recitals are hereby adopted, confirmed, and incorporated herein. Section 2. Declaration of Proposed Millage Rate. That the proposed millage rate for the City for Fiscal Year 2024-2025 is declared to be 3.9500 mills, which is $3.9500 per $1,000.00 of assessed property within the City. Section 3. Computation of Rolled -Back Rate. That the rolled -back rate, as computed pursuant to Section 200.065, Florida Statutes, is 3.6351 mills, which is $3.6351 per $1,000.00 of assessed property within the City. The proposed millage rate is 8.66% higher than the rolled -back rate. Section 4. Schedule of Budget Hearings. That the date, time, and place of the first and second public budget hearings for the City to consider the proposed millage rate and the tentative budget and to adopt a millage rate and adopt the budget, respectively, are hereby scheduled by the City Commission as follows: DATE TIME PLACE 1" Budget Hearing September 3, 2024 City Commission Chambers (Tuesday) 5:01 P.M. 6130 Sunset Drive (To consider the proposed millage South Miami, FL 33143 rate and tentative budget) 2nd Budget Hearing September 17, 2024 City Commission Chambers (Tuesday) 5:01 P.M. 6130 Sunset Drive (To adopt a millage rate and finalize South Miami, FL 33143 the budget) Section 5. Transmittal and Filing. That the City Manager and City Clerk are directed to take all necessary steps to submit the City's 2024 Certification of Taxable Valuable Page 2 of 3 Res. No. 094-24-16199 (DR-420) Form and provide a certified copy of this resolution to the Honorable Pedro Garcia, Property Appraiser of Miami -Dade County, on or before Tuesday, August 4, 2024. Section 6. Authorization. That in the event that the Miami -Dade County Board of County Commissioners or the Miami -Dade County School Board schedule or reschedule a budget hearing on a date scheduled for a City budget hearing, the City Manager is authorized to change the date of either or both City budget hearings. Section 7. Corrections. Conforming language or technical scrivener -type corrections may be made by the City Attorney for any conforming amendments to be incorporated into the final resolution for signature. Section 8. Effective Date. That this Resolution shall be effective immediately upon adoption. PASSED AND ADOPTED this 181^ day of July, 2024. ATT ST: APPROVED: CITY RK MAYO READ AND APPROVED AS TO FORM, LANGUAGE, LEGALITY AND EXECUTION THEREOF WgISS SEROTAIIELFMAN COLE & BIERMAN, P.L. CITY ATTORNEY COMMISSION VOTE: 5-0 Mayor Fernandez: Yea Vice Mayor Bonich: Yea Commissioner Calle: Yea Commissioner Liebman: Yea Commissioner Corey: Yea Page 3 of 3