R-1103-05 RESOLUTION r.0. 1103-05
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES VILLAGE,
FLORIDA ESTABLISHING TENTATIVE AD VALOREM TAX LEVIES FOR GENERAL
OPERATING AND VOTER-APPROVED DEBT SERVICE PURPOSES FOR THE FISCAL YEAR
BEGINNING OCTOBER 1,2005;PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, The Miami-Dade County Property Appraiser has determined that the value of real
and personal property not exempt from taxation for Miami Shores Village has been certified at
$708,156,460; and
WHEREAS, the Miami Shores Village Council has applied the certified property values to the
operating budget for the fiscal year beginning October 1, 2005; and
WHEREAS, tax levies are required and applied to the value of one mill and incorporated into the
FY 2005-06 Proposed Operating and Debt Service Budgets; and
WHEREAS, the first of two public hearings on the property tax levies and corresponding budgets
was held on Thursday, September 8, 2005.
NOW,THEREFORE, BE IT RESOLVED BY THE MIAMI SHORES VILLAGE COUNCIL that:
Section 1. The Village Council hereby tentatively sets the final Operating Ad Valorem tax
levy for FY 2005-06 at 8.2500 mills, which is 19.408% greater than the rolled-
back millage rate of 6.9091 mills.
Section 2. The Village Council hereby tentatively sets the final Debt Service Ad Valorem
tax levy for FY 2005-06 at 0.9296 mills (0.3637 plus 0.5659) for the Aquatic
Center and Charter School General Obligation Bonds respectively.
Section 3. The Village Council will adopt the final millage rates following the second of two,
mandatory public hearings, the second of which is scheduled for 7:00 PM on
Thursday, September 22,2005 to discuss the proposed operating and debt
service budgets in compliance with Florida State Statute 200.065.
Section 4. This Resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED this 8th day of September, 2005.
ATTEST:
Z&6W (�� AI avis, Mayor
Barbara A. Estep, CMC
Village Clerk
APPROVED AS TO FORM:
V_LeiQ S��
Richard Sarafan
Village Attorney