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09-16-2008 Budget Hearing Meeting• • • MIAMI SHORES VILLAGE BUDGET HEARING — FISCAL YEAR 2008-2009 The Miami Shores Village Council held their second and final Public Hearing on the proposed Fiscal Year 2008-2009 Operating Budget on Tuesday, September 16, 2008. The Meeting was held in the Council Chambers of Village Hall and was called to order at 7:00 PM with the following Members present: PRESENT: Mayor Herta Holly Steve Loffredo Hunt Davis Prospero Herrera J.C. Rodriguez ALSO PRESENT: Tom Benton, Village Manager Barbara Estep, Village Clerk Richard Sarafan, Village Attorney 1) PRESENTATION AND DISCUSSION OF THE PROPOSED BUDGET AND PROPOSED MILLAGE RATES (7.6351 AND 0.6578). Mr. Benton advised the Council of the Miami Herald's error in the required TRIM advertising and the fact that the Village would receive a letter regarding the minor infraction. Mr. Benton indicated that the Village had presented a balanced budget at 7.6351 mills, had not increased the sanitation rate nor the Stormwater rate. Mr. Benton stated that the debt service millage on the two General Obligation Bonds, one for the aquatic center and one for the charter school, had been reduced slightly. In response to a question posed by Mr. Loffredo, Ms. Holly indicated that the tax dollars would start to come in from the County in mid-December. 2) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES, FLORIDA, ESTABLISHING FINAL AD VALOREM TAX LEVIES FOR THE GENERAL FUND AND OTHER FUNDS OF THE VILLAGE FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2008, PROVIDING FOR AN EFFECTIVE DATE. 3) A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, MIAMI SHORES VILLAGE, FLORIDA, ADOPTING THE FISCAL YEAR 2008-2009 BUDGETS AND PROVIDING FOR AN EFFECTIVE DATE. Mrs. Estep read the proposed Resolutions into the record. Mayor Holly opened the floor for the Budget Hearing. As no one present wished to speak, Mayor Holly closed the Budget Hearing. Mr. Loffredo moved to adopt the presented Resolution to establish final ad valorem tax levies for fiscal year 2008-2009. Mr. Herrera seconded the motion and the vote was unanimous in favor of the motion. Mr. Davis then moved to adopt the presented Resolution to adopt the fiscal year 2008-2009 budgets. Mr. Herrera seconded the motion and the vote was unanimous in favor of the motion. • • • 4) ADJOURNMENT The September 16, 2008 Budget Hearing was adjoumed at 7:10 PM. Barbara A. Estep, MMC Village Clerk Herta Holly, Mayor