CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
For Meeting of:
September 15, 2016
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
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 & Efficiency Data: N/A
Recommended Action:

1.  Adoption of the proposed millage rate by separate vote of Downtown South Neighborhood Improvement District Board of Directors (City Council).

2.  Adoption of the tentative budget by separate vote of Downtown South Neighborhood Improvement District Board of Directors (City Council).
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Martin Carmody
Approved By:

Department Date and Time
Budget Outside Routing Approval 9/12/2016 9:35 AM
City Clerk 9/12/2016 9:37 AM
ATTACHMENTS:
Name: Description: Type:
DSNID_2016-2017_Millage_Resolution_-_for_DOR_TRIM.docx DSNID Millage Resolution 2016 - 2017 Backup Material
DSNID_2016-2017_Budget_Resolution.docx DSNID Budget Resolution 2016 - 2017 Backup Material
DSNID_Exhibit_A_for_FY16-17.xlsx DSNID Schdule A 2017 - 2017 Backup Material
DSNID_Exhibit_B_for_FY16-17.xlsx DSNID Schedule B 2016 - 2017 Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."