CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
Hearings 		For Meeting of:
September 25, 2019
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
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 & Efficiency Data: N/A
Recommended Action:

1. Approval of the Resolution adopting the millage rate by separate vote of Downtown South Neighborhood Improvement District Board of Directors.

2. Approval of the Resolution adopting the budget by a separate vote of the Downtown South Neighborhood Improvement District Board of Directors.
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 9/17/2019 3:49 PM
City Clerk 9/17/2019 4:22 PM
ATTACHMENTS:
Name: Description: Type:
DSNID_Budget_Resolution_2019-2020.pdf FY2019/2020 DSNID Budget Resolution Backup Material
DSNID_Millage_Resolution_2019-2020.pdf FY2019/2020 DSNID Millage Resolution Backup Material
DSNID_Schedule_A_for_FY19-20.pdf FY2019/2020 DSNID Schedule A Backup Material
"Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner."