Item Coversheet

Request for City Commission Action Page



Heading as displayed on the Agenda:
Budget Division - FY 2017/18 DDA Budget Adoption  (pp. 509-521)
Item as displayed on the Agenda:

1. Presentation by Jason Jefferies, Redevelopment Project Manager.  Discussion on the proposed millage rate of 1.0000 and proposed budget.

 

2. PUBLIC HEARING - Members of the general public may speak and ask questions on the proposed millage rate and the FY 2017/18 budget.

 

3. Resolution of the Daytona Beach Downtown Development Authority adopting an ad valorum property tax millage rate of 1.0000 ($1.0000 per $1,000 of assessed taxable value). This is the rate utilized in the Notice of Proposed Property Taxes and is a 9.29% tax increase from the rolled back rate of 0.9150.

 

4. Resolution adopting the Budget for the fiscal year October 1, 2017, to September 30, 2018; prescribing estimated Revenue Sources of $ 246,599 and setting forth Operating Expenditures, Capital Expenditures, and Transfers of $ 246,599.

 

Recommendation:  City Manager recommends adoption of the Resolutions. 

Action:  Motion to adopt the Resolutions.

ATTACHMENTS:
Description
Agenda Summary
Memo to City Manager
Millage Resolution
Budget Resolution
Budget