CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
City Council recess and convene NID 		For Meeting of:
September 26, 2016
District: 4 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
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 3.11% higher than the roll-back rate of 0.9698.  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 0.9698 by 3.11%.

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 9/21/2016 2:53 PM
City Clerk 9/21/2016 3:17 PM
ATTACHMENTS:
Name: Description: Type:
DSNID_2016-2017_Millage_Resolution_-_for_DOR_TRIM.docx DSNID 2016-2017 Millage Resolution Backup Material
DSNID_2016-2017_Budget_Resolution.docx DSNID 2016-2017 Budget Resolution Backup Material
DSNID_Exhibit_A_for_FY16-17.xlsx DSNID Exhibit A for FY 16-17 Backup Material
DSNID_Exhibit_B_for_FY16-17.xlsx DSNID Exhibit B for FY 16-17 Backup Material
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