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R-2022-21/ RESOLUTION NO. 2022- A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES VILLAGE, FLORIDA, ADOPTING THE FINAL MILLAGE RATE OF 7.8 MILLS FOR FISCAL YEAR 2022/2023, THE CALCULATED "ROLLED-BACK" RATE IS 6.7992 MILLS, OR 14.72% HIGHER THAN THE "ROLLED-BACK" RATE FOR FISCAL YEAR 2021/2022; ADOPTING THE FINAL DEBT SERVICE MILLAGE RATE OF 0.1846 MILLS. WHEREAS, on July 19, 2022, Miami Shores Village (the "Village") Council, following a duly noticed public meeting, adopted Resolution 2022-13, which set the proposed millage rate of 7 .9000 mills, a rolled-back rate of 4.9941 mills, and the proposed debt service rate of 0.1846 mills; and WHEREAS, Section 200.065, Florida Statutes, require that the Village, at the conclusion of the first public hearing on the Village's proposed tax rate adopt a tentative ad valorem millage rate for Fiscal Year 2022/2023 ("FY 2022/2023") operating purposes and required debt service millage rate which includes the rolled-back rate; and WHEREAS, on September 13, 2022, Village Council adopted the tentative millage rate of 7.8 mills, a rolled-back rate of 6.7992, or 14.72% higher than the rolled-back millage rate for Fiscal Year 2021 /2022, and a tentative debt service millage rate of 0 .1846 mills; and WHEREAS, the Village Administration is proposing the adoption of a final millage rate of 7.8 mills, a rolled-back rate of 6.7992, or 14.72% higher than the rolled-back millage rate for Fiscal Year 2021 /2022, and a debt service millage rate of 0.1846 mills; and WHEREAS, the gross taxable value for operating purposes not exempt from taxation within Miami-Dade County has been certified by the county property appraiser to the Village as $1,535,464,298; and WHEREAS, the Village Council find it to be in the best interests of the Village to adopt the final millage rate of 7.8 mills, a rolled-back rate of 6.7992, or 14.72% higher than the rolled-back millage rate for Fiscal Year 2021/2022, and a debt service millage rate of 0.1846 mills. 1 / 21 NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF MIAMI SHORES, FLORIDA, AS FOLLOWS: Section 1. Recitals Adopted. The foregoing recitals are incorporated in this Resolution as if fully set forth herein and made a part hereof by reference. Section 2. Final Millage. The final millage rate is hereby declared to be 7.8 mills, which is $7.8 per $1,000 of assessed property within the Village for FY 2022/2023. Section 3. The Rolled-Back Rate. The rolled-back rate is 6. 7992 mills, or 14.72% higher than the Fiscal Year 2021/2022 rolled-back millage rate. Section 4. The Debt-Service Millage Rate. The Debt Service Millage rate for is hereby declared to be 0.1846 mills, which is $0.1846 per $1,000 of assessed property established in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes. Section 5. Effective Date. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 22nd day of September, 2022. �� SANDRA HARRIS MAYOR ATTEST: APPROVED AS TO FORM: �,;;;;;)L WEISS SEROTA HELFMAN COLE+ BIERMAN P.L. VILLAGE ATTORNEY 2