Item Coversheet
CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types: City Council recess and convene NID

For Meeting of: 9/25/2017

District:3,4,5 On file (City Clerk):Yes


Subject:2nd Budget Hearing (5:01 p.m.) – Resolution adopting the Millage Rate and the Resolution adopting the Budget of the Downtown Development Board (DDB) for Fiscal Year (FY) 2017/2018
Summary:

Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown Development Board has prepared a budget and computed a millage rate of 1.0000 per $1,000 of assessed property value.  The millage rate 1.0000 is 43.94% lower than the roll-back rate of 1.7837.  Section 200.065, F.S., requires the City to hold a public hearing on the millage rate and budget.  The sequence of events during the public hearing is as follows:

 

1.  Discussion of the millage rate of 1.0000 being lower than the roll-back rate of 1.7837 by 43.94%.

2.  Allow public comments and questions.

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

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

5.  By separate motion and vote, adopt the resolution adopting the budget.

Fiscal and Efficiency Data:N/A
Recommended Action: 
Contact:Brian C. Battles

ATTACHMENTS:
File NameDescriptionType
DDB_Millage_Resolution_2017-2018.pdfDDB Millage Resolution 2017-2018Backup Material
DDB_Budget_Resolution_2017-2018.pdfDDB Budget Resolution 2017-2018Backup Material
DDB_Schedule_A_for_FY17-18.pdfDDB Schedule A 2017-2018Backup Material
DDB_Schedule_B_for_FY17-18.pdfDDB Schedule B 2017-2018Backup Material
DDB_Schedule_C_for_FY17-18.pdfDDB Schedule C 2017-2018Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."