Item Coversheet
CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types: Hearings

For Meeting of: 9/25/2019

District:4 On file (City Clerk):Yes


Subject:Board of Directors - 2nd Budget Hearing (5:01 p.m.) - Resolution adopting the Millage Rate and the Resolution adopting the Budget for the Downtown South Neighborhood Improvement District (DSNID) for Fiscal Year (FY) 2019/2020
Summary:

Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown South Neighborhood 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 8.96% higher than the roll-back rate of 0.9178.  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 0.9178 by 8.96%.

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
DSNID_Budget_Resolution_2019-2020.pdfFY2019/2020 DSNID Budget ResolutionBackup Material
DSNID_Millage_Resolution_2019-2020.pdfFY2019/2020 DSNID Millage ResolutionBackup Material
DSNID_Schedule_A_for_FY19-20.pdfFY2019/2020 DSNID Schedule ABackup Material
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