Item Coversheet
CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types: City Council recess and convene NID

For Meeting of: 9/25/2017

District:4 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 South Neighborhood Improvement District (DSNID) for Fiscal Year (FY) 2017/2018
Summary:

Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown South Neighborhood Improvement District 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 7.96% higher than the roll-back rate of 0.9263.  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 higher than the roll-back rate of 0.9263 by 7.96%.

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
DSNID_2017-2018_Millage_Resolution_-_V3.pdfDSNID 2017-2018 Millage ResolutionBackup Material
DSNID_2017-2018_Budget_Resolution_-_V3.pdfDSNID 2017-2018 Budget ResolutionBackup Material
DSNID_Exhibit_A_for_FY17-18.pdfDSNID Exhibit A for FY 17-18Backup Material
DSNID_Exhibit_B_for_FY17-18.pdfDSNID Exhibit B for FY 17-18Backup Material
DSNID_Schedule_C_for_FY17-18.pdfDSNID Schedule C for FY17-18Backup Material
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