Item Coversheet
CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types: Hearings

For Meeting of: 9/25/2019

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 2019/2020
Summary:

Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown Development Board has prepared a budget and computed a millage rate of 1.000 per $1,000 of assessed property value.  The millage rate of 1.000 is 22.88% lower than the roll-back rate of 1.2967.  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 1.2967 by 22.88%.

2. Allow public comments and questions.

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

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

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

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

ATTACHMENTS:
File NameDescriptionType
DDB_Millage_Resolution_2019-2020.pdfFY2019/2020 DDB Millage ResolutionBackup Material
DDB_Budget_Resolution_2019-2020.pdfFY2019/2020 DDB Budget ResolutionBackup Material
DDB_Schedule_A_for_FY19-20.pdfFY2019/2020 DDB Schedule ABackup Material
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