| | | | | | | |  | CITY OF ORLANDO
COUNCIL AGENDA ITEM
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Items Types: Hearings
| For Meeting of: 9/21/2020
| | District:4 | On file (City Clerk):Yes |
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| | | | | | | | | Subject: | 2nd Budget Hearing (5:01 p.m.) – Resolution adopting the Millage Rate and the Resolution adopting the Budget of the Downtown South Neighborhood Improvement District (DSNID) for Fiscal Year 2020/2021 | | Summary: | Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown South Neighborhood Improvement District 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 4.92% higher than the roll-back rate of 0.9531. 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:
- Discussion of the proposed millage rate of 1.0000 being higher than the roll-back rate of 0.9531 by 4.92%.
- Allow public comments and questions.
- Amend the tentative budget and recompute the proposed millage rate, if necessary.
- By separate motion and vote, adopt the proposed millage rate.
- By separate motion and vote, adopt the tentative budget.
| | Fiscal and Efficiency Data: | N/A | | Recommended Action: | | | Contact: | Martin Carmody (407) 246-2082 |
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| ATTACHMENTS: | | File Name | Description | Type | | DSNID_Millage_Resolution_2020-2021.docx | FY2020/2021 DSNID Millage Resolution | Backup Material | | DSNID_Budget_Resolution_2020-2021.pdf | DSNID Budget Resolution 2020-2021 | Backup Material | | DSNID_Schedule_A_for_FY20-21.pdf | DSNID Schedule A for FY20-21 | Backup Material |
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 "Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner." |
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