Item Coversheet
CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:

For Meeting of: 9/9/2015

District:3,4,5 On file (City Clerk):Yes


Subject:1st Budget Hearing (5:01 p.m.) – Adopting Proposed Millage Rate and Tentative Budget of the Downtown Development Board (DDB) for Fiscal Year 2015/2016
Summary:

Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown Development Board has prepared a tentative budget and computed a proposed millage rate of 1.0000 per $1,000 of assessed property value.  The proposed millage rate of 1.0000 is 11.62% lower than the roll-back rate of 1.1315.  Section 200.065, F.S., requires the City to hold a public hearing on the proposed millage rate and tentative budget.  The sequence of events during the public hearing is as follows:

 1.  Discussion of the proposed millage rate of 1.0000 being lower than the roll-back rate of 1.1315 by 11.62%.

2.  Allow public comments and questions.

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

4.  By separate motion and vote, adopt the proposed millage rate.

5.  By separate motion and vote, adopt the tentative budget.

Fiscal and Efficiency Data:N/A
Recommended Action: 
Contact:Brian C. Battles

ATTACHMENTS:
File NameDescriptionType
DDB_Schedule_A_for_FY15-16.xlsxDDB Schedule A 2015-2016Backup Material
DDB_Schedule_B_for_FY15-16.xlsxDDB Schedule B 2015-2016Backup Material
DDB_Schedule_C_for_FY15-16.docxDDB Schedule C 2015-2016Backup Material
DDB_Budget_Resolution_2015-2016.docDDB Budget Resolution FY15-16Backup Material
DDB_Millage_Resolution_2015-2016.docDDB Millage Resolution FY15-16Backup Material
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