File #: 19-890    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/29/2019 In control: City Commission
On agenda: 9/17/2019 Final action: 9/17/2019
Title: RESOLUTION NO. 165-19 FINAL MILLAGE LEVY FOR THE DOWNTOWN DEVELOPMENT AUTHORITY (DDA)
Sponsors: Finance Department
Attachments: 1. Agenda Cover Report, 2. Resolution No 165-19 Final Millage Levy DDA, 3. DDA Budget 19-20, 4. DDA FY 19-20 Budget & Priority Review Memo, 5. DDA FY 19-20 Millage Final Memo

TO:                                          Mayor and Commissioners

FROM:                     Laura Simon, Executive Director, Downtown Development Authority

THROUGH:                     Neal de Jesus, Interim City Manager

DATE:                     September 17, 2019

 

Title

RESOLUTION NO. 165-19  FINAL MILLAGE LEVY FOR THE DOWNTOWN  DEVELOPMENT AUTHORITY (DDA)

 

Body

Recommended Action:

Recommendation

Motion to approve Resolution No. 165-19 Final Millage Levy for the DDA.

 

Body

Background:

The item before the City of Delray Beach (City) City Commission is Resolution No. 165-19 which levies a tax on all properties within the Downtown Development Authority (DDA) Taxing District of the City. The proposed DDA millage rate for FY 2020 is 1.0000.

 

The proposed millage rate of 1.0000 for the DDA is no increase from FY 2019 but is more than the rolled back rate (0.9491) by 5.36%. The assessed valuation on all taxable property for operating purposes within the Downtown Development Authority Taxing District of the City of Delray Beach is $1,158,537,691.

 

Timing of Request:

This is the final adoption of the millage levy for the DDA.