Item Coversheet
CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:

For Meeting of: 9/15/2016

District:4 On file (City Clerk):Yes


Subject:1st Budget Hearing (5:01 p.m.) – Adopting Proposed Millage Rate and Tentative Budget of the Downtown South Neighborhood Improvement District (DSNID) for Fiscal Year 2016/2017
Summary:

Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown South Neighborhood Improvement District has prepared a tentative budget and computed a proposed millage rate of 1.0000 per $1,000 of assessed property value.  The proposed millage rate of 1.0000 is 3.11% higher than the roll-back rate of 0.9698.  Section 200.065, F.S., requires the City to hold a public hearing on the proposed millage rate and tentative budget.  The sequence of events during the public hearing is as follows:

1.  Discussion of the proposed millage rate of 1.0000 being higher than the roll-back rate of 0.9698 by 3.11%.

2.  Allow public comments and questions.

3.  Amend the tentative budget and recompute the proposed millage rate, if necessary.

4.  By separate motion and vote, adopt the proposed millage rate.

5.  By separate motion and vote, adopt the tentative budget.

Fiscal and Efficiency Data:N/A
Recommended Action: 
Contact:Martin Carmody

ATTACHMENTS:
File NameDescriptionType
DSNID_2016-2017_Millage_Resolution_-_for_DOR_TRIM.docxDSNID Millage Resolution 2016 - 2017Backup Material
DSNID_2016-2017_Budget_Resolution.docxDSNID Budget Resolution 2016 - 2017Backup Material
DSNID_Exhibit_A_for_FY16-17.xlsxDSNID Schdule A 2017 - 2017Backup Material
DSNID_Exhibit_B_for_FY16-17.xlsxDSNID Schedule B 2016 - 2017Backup Material
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