CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
City Council recess and convene NID 		For Meeting of:
September 17, 2018
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
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) 2018/2019
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 4.71% higher than the roll-back rate of 0.9550.  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 0.9550 by 4.71%.

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 & Efficiency Data: N/A
Recommended Action:

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

2.  Adoption of the Resolution adopting the 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 9/6/2018 11:30 AM
City Clerk 9/6/2018 11:55 AM
ATTACHMENTS:
Name: Description: Type:
DSNID_Millage_Resolution_2018-2019.pdf DSNID 2018-2019 Millage Resolution Backup Material
DSNID_Budget_Resolution_2018-2019.pdf DSNID 2018-2019 Budget Resolution Backup Material
DSNID_New_Combined_Schedule_A_for_FY18-19.pdf DSNID Schedule A for FY 18-19 Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."