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Res 51-07 RESOLUTION NO. 51-07 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON ALL PROPERTIES WITHIN THE DOWNTOWN DEVELOPMENT AUTHORITY TAXING DISTRICT OF THE CITY OF DELRAY BEACH, FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO APPROPRIATE SAID COLLECTIONS THEREUNDER. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That a tax of $.8855 per one thousand dollars ($1,000.00) of assessed valuation is hereby tentatively levied on all taxable property within the Downtown Development Authority Taxing District of the City of Delray Beach for the fiscal year commencing October 1, 2007, and ending September 30, 2008. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Development Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Development Authority Taxing District, and also in addition, all revenues derived by said Taxing District during said fiscal year from all other sources other than the tax levy for current bond service and that part of collection of delinquent taxes levied for bond service. The assessed valuation on all taxable property for operating purposes within the Downtown Development Authority Taxing District of the City of Dekay Beach is $617,149,121. The tentative operating millage rate of $.8855 per one thousand dollars ($1,000.00) is less than the rolled-back rate of $0.9731 per one thousand dollars ($1,000.00) by 9.89%. Section 2. That the above tentative millage rate is adopted pursuant to Florida Statutes Section 200.065(2)(e)(2), and subject to adjustment in accordance with Section 200.065(5) of the Florida Statutes which provides that each affected taxing authority, other than municipalities, counties, school boards, and water management districts, may adjust its adopted millage rate if the taxable value within the jurisdiction of the taxing authority as certified pursuant to Section 200.065(1) is at variance by more than three percent (3%) with the taxable value shown on the assessment roll to be extended. Section 3. That a public hearing was held on the proposed budget on September 4, 2007. PASSED AND ADOPTED in regular session on this the 4~` day of September, 2007. +~Q~ ~ . MAYOR ATTEST: • \~W~ City Clerk 2 RES. N0.51-07 MEMORANDUM TO: MAYOR AND CITY COMMISSIONERS FROM: CITY MANAGER ~~~5~ DATE: AUGUST 29, 2007 SUBJECT: AGENDA ITEM # ~ ©• ~lJ -REGULAR MEETING OF SEPTEMBER 4.2007 RESOLUTION N0.51-07 (TENTATIVE MILEAGE LEVY IN THE DDA TAXING DISTRICT FOR FY 2008) ITEM BEFORE COMMISSION Resolution No. 51-07 tentatively levies a tax in the amount of 0.8855 mill on all properties within the Downtown Development Authority Taxing District of the City of Dekay Beach for FY 2008. BACKGROUND This tentative millage is less than the 0.9731 rolled back rate calculated under the TRIM law by 9.89%. The assessed valuation on all taxable property for operating purposes within the Downtown Development Authority Taxing District of the City of Delray Beach is $617,149,121. A copy of the DDA's Certification of Taxable Value is attached, along with a copy of the DDA budget for FY 2008. Final adoption of the DDA tax levy for FY 2008 is scheduled for September 18, 2007. FUNDING SOURCE N/A RECOMMENDATION Recommend consideration of Resolution No. 51-07. S:\City Clerk\AGENDA COVER MEMOS\Resolution Agenda Memos\Res 51-07 Tentative Mill~ge Levy DDA FY 2008 09(W07.doc RESOLUTION NO. 51-07 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON ALL PROPERTIES WITHIN THE DOWNTOWN DEVELOPMENT AUTHORITY TAXING DISTRICT OF THE CITY OF DELRAY BEACH, FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO APPROPRIATE SAID COLLECTIONS THEREUNDER. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That a tax of $.8855 per one thousand dollars ($1,000.00) of assessed valuation is hereby tentatively levied on all taxable property within the Downtown Development Authority Taxing District of the City of Dekay Beach for the fiscal year commencing October 1, 2007, and ending September 30, 2008. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Development Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Development Authority Taxing District, and also in addition, all revenues derived by said Taxing District during said fiscal year from all other sources other than the tax levy for current bond service and that part of collection of delinquent taxes levied for bond service. The assessed valuation on all taxable property for operating purposes within the Downtown Development Authority Taxing District of the City of Delray Beach is $617,149,121. The tentative operating millage rate of $.8855 per one thousand dollars ($1,000.00) is less than the rolled-back rate of $0.9731 per one thousand dollars ($1,000.00) by 9.89%. Section 2. That the above tentative millage rate is adopted pursuant to Florida Statutes Section 200.065(2)(e)(2), and subject to adjustment in accordance with Section 200.065(5) of the Florida Statutes which provides that each affected taxing authority, other than municipalities, counties, school boards, and water management districts, may adjust its adopted millage rate if the taxable value within the jurisdiction of the taxing authority as certified pursuant to Section 200.065(1) is at variance by more than three percent (3"/0) with the taxable value shown on the assessment roll to be extended. Section 3. That a public hearing was held on the proposed budget on September 4, 2007. PASSED AND ADOPTED in regular session on this the 4s' day of September, 2007. MAYOR ATTEST: City Clerk 2 RES. NO. 51-07 CERTIFICATION OF TAXABLE VALUE SECTION I near 2007 County Palm Beach Principal Authority Delray Beach Taxing Authority: (1) Current Year Taxable Value of Real Property for Operating Purposes (2) Cutrenl Year Taxable Value of Personal Property for Operating Purposes (3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes (4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) _ (4) (5) Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative Improvements Increasing-Assessed Value By At Least 100% + Annexations + Total Tangible Personal Property Taxable Value In Excess of 115% of the Previous Years Total Tangible Personal Property Taxable Value -Deletions) (6) Current YearAdjusted Taxable Value (4) - (5) (7) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) (8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter O) FOR DOR USE ONLY DR-420 City. R. 06/07 TA: Levy: Delray Beach -D.D.A. $ 617,149,121 (1} $ 0 (2) 0 (3) $ 617,149,121 (4) $ 25,773,443 (5) $ 591,375,678 (s) $ 575,471,443 (7) I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witne% and and official si nature at West Palm Beach ,Florida, this the 29th day of ~(V' / June 2fQP7 ~ ~ (Month, and Year) ~`~Si~natur~ of Properly'Appraiser SECTION II Taxing Authority: M this portion of the form is not completed in FULL your Authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. K any line Is inapplicable, enter N!A or -0-. (9) Prior Year Operating Millage Levy $ 1 •0000 per St,D00 (9) (10) Prior Year Ad Valorem Proceeds m x (9) $ ^y 7 STS 1 (10) (11) Amount, if any, paid or applied In prior year as a consequesnce of an obligation measured by a _ dedicated increment value: Sum of either line (3)c or (4)a for all DR-420TIF forms 3 -~ (11) (12)Adjusted Prior Year Ad Valorem Proceeds (10)-(11) $ 575.471 (1z) (13) Dedicated Increment Value, if any: Sum of either line (3)b or (4)e for ali DR-42oTIF forms $ -~- (13) (14)Adjusted Current Year Taxable Value (6) - (13) $ 591.375.678 (1a) (15) Current Year Rolled-Back Rate (12) divided by (14) $ • g 731 per s,,ooo (1s) (16) Current Year Proposed Operating Millage Rate $ • 8855 par S1,IxX! (16) (17) Check TYPE of Principal Authority (check one) County ®Municipality (18) Check Applicable Taxing Authority (check one) Principal Authority (19) Is millage levied in more than one county?(check one) Yes (20) Current Millage Levy for Voted Debt Service Independent Sp. Dist. ~WaterMan. District Dep. Spec Dist. ~MSTU ~No (21) Current Millage Levy for Other Voted Millage DEP ~1T~SP~CIAL DISTRICTS AND MSTUs SKIM iin,es (22) - (28) ,, (22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special Districts and MSTUs levying a millage. (The sum of Line (12) from each Districts and MSTU's Form DR-420) (23) Total Adjusted Prior Year Ad Valorem Proceeds (12) + (22) (24) Current Year Aggregate Rolled-Back Rate: (23) divided by (14) (25) Current Year Aggregate Rolled-Back Taxes (4) x (24) (28) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts, and MSTUs ii any. Sum of line (16) x line (4) from all Form DR-420s (27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4) (28) Current Year Proposed Rate as a Percent Change of Rolled-Back Rate: $ -0- per al,ooo (zo) $ n/a (zz) $ n / a (23) $ n/a (2s) $ n/a (2s) $ n/a per $1,000 (27) [(Line 27 divided by line 24) - 1.00] x 100 n / g % (28) Date, Time and Place of the First Public Budget Hearing: September 4, 2007, x:00 p.m., City COmmiSSiOri Chambers, Delray Beach=City:Hall, 100 NW 1st Avenue, Delray Beach, FL 1 do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief, FURTHER, I certify that all millages comply with the provisions of Section 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and official signature at • Delra B Ch ,Florida, this the 1St day of August, 2007 (Month, and Year) ~_ ~ David T. Harden Game Signature and Title of Chief mi a Address of Physical Location inn Nut lit venue Joseph M. Safford, Director of Finance Mailing Address Name of Contact Person Delray Beach, FL 33444 561-243-7116 561-243-7166 City State Zip Phone # Fax # SEE INSTRUCTIONS ON REVERSE SIDE 1 07 03:05p DELRRY BCH CHRMBER 5612780555 p.2 Dow_ mown Development Authority Income & Expenditure Estimate to 9/30/07 do Proposed Budget ~pctii+x' $;-~rJ7 f:lrienc+td Gum 7l9rU' ?._t,) ~ I _ - ~ -.-- -- ~ _ .._ ..., __ -... ... ..._ 1 ! _,- 2 _ 3 _.... ~ _..4. ! i 5. 6 Inc_o_m__e & E__x penditure ~ ' ~ Under/(Ove, Proposed _ _.. _ _ .- .- Actual ~ _ Actual l~stlmafe Budgef- fSUdget Kudget _ - -__....___ R~'YP!!1l~PS_ lUUS/ff6 .fo f to Yr ZU71G/U7 Llate lUU7/US __ _.Ad Valorem Taxes 1 i 372,550 52 4,253 548,109 54 8,3 09 _ _ 0 _ 519,161 _ _ __ ..-- -___ . Interest Earned 2 ~ _ 1,900 __ 1,185 1,500 _ . _ 1,500 0 1,500 -.--Miscellaneous Income__.... __. ------ -- __3-- i _ ~ _._ f - __. . -... TolaLRevenues ~ ]0 __ _.37_4.450 525,438 . _-__549 609;.. --- - 549 609:__ . _ _ __ 0! - . _52Q,661 Ex enditures Q--- - . + _. D.M,C,..Contribution___.______ ._._____. - _..._-... li _.__... _ 127,891_. - 92,09.1 _ _ _ _1f939i _ 1 19,200= - -..-- - (191)' 120,000 Cii~S_pecal Ev_ent.Overtime I2 • - ~ 12,000 __.._External_Audrt_Fees______ _. __ __ _ ~ _ _ 1.3 ______.__ ... 5,500 • 6;000 ` _-,--600 _ _5_500 _ _ (500); _ 7,500 Bookkeeping Fees. _ .. _ - l4 _ _ _ 1,650 ... --- - -- _ _ - 1,200 _ 2,000 _ 2,000 0 f 2,100_ 13ankCh?u'>~es ._...... _ _]5_ L - __45 _ _ __ 1 _- _. 150 __- _ i 0 0 ..Dues_and Subscriptions 6 f _ 2 424 ~ 2 407- z - __ ~- X07 ~ 2 000- ' - -- - 4 07) ~ - 2,500 _._...._ _._Chairman's Club Dues...-.. _ __. - _____... __. - - . l7 ... 1,000 , . 1,000; ___ _ ~ 1,000 ._-. ---- 1,000 _. ....... . 0 ' 1,000 Liability Insurance 1$ _ 6,b31 ' _ S,200~ _ 5,200 _ _ 8,000 2,800 ' _ 8,000 ___ _._-_.._. _ _ __ . , Propert~Appraiser`s etc Fees __l9_.. __2,504 j 2,4241 3,25.1 _ __ 3,400 149 i ~ 4 400 e _ . Conferences,M.eetin~s & Tra_v_el.___ _ 1 .20 ._ 5,902 . 4_,469 _ _ _ _ $,000 - 8 000 -- _ --..- 0 i ._ 8,000 __Ofi-!ce Sunnles_~Ec~uin.. Renairs...__ _ ~ 21 ~ 1,612 824 1,50 0 1,500 0 i 1,500_ _ .- MatIi~and-Postage _ 22_ ~ 4,071 5,401 . _ - 7,60 8,000 _ 1,000 ; _. 7,000 Office Rentals _.. --.. _ .. ___.... _23 - 2,400 --... _ 2,640 _...---- __ 2,640 - - -- 2,640.,_ - --- _ . _ 0 , -.._ . 2,640.- - - ..__~ub Total. Offc~F~ne~nses_ - .. 30 _ 161,630 - ..123,656 15$,59 261.390 . _ 2.851. 176.640 Downtown Map S~on.sorshin_ Holiday.! Tree & 1 st Nieht Sponsorship .. __Pineapple.Grove ...._..---. _. __-- _ . _ . - -..~1%.A.R.C. _...-- _ Bridge _Paric _-- . _ _ - Other Promos & Grants (b/fwd) _ _. _ _.._._.. _Retail Promotions . _..__ ... _._.. . _Other.Special Eyents__.._.. Net _P_r~nt_Marketins &-Adv_ertslb/fwdl __Other Marketing &_Economic Dev. - Sub.'F9ta<t11~a.!rketing & Prom4ho~.._ .3l_ _._ 22,555 . 37,42$ - X7,428 35 000 _ (2,428) 35,000 _ 32 . 24,000 . 35,00 35,000 ._ _--35,000 .. 0 35,000 33 5.000 _._ ...._._._ 5,000 5,000 0 : 0- 34 5,000 - _ 4,9U8 . -- - 5.000. _ 92 ; ' - _ 0 35 36 ..__-. _ ..._ 5,1 i7 10 500 _ S,f ~7 12 000 5.000fi_ _. .(I 17} 000} (2 0 _ 0 _ 6.500 , . _1.0.000: , 37 12 4001 ._._ .._..22,509' 25,000'__- 25,000_ _. ._ __._ _ __ 0 25,000 ....---- 3 8_ _...-.._ ; . ~ t 3,500 39 ~ 130355. _ 185,787' 21b,526 _ 215,974. (556)F 185,130 201.810_. -. 296.34 __ ... ------ __ __.._ _- .._ ~- - _---- _.. ' . - - I 'f'atal Reveu.ues._... - . _. -..- - 51..- . _ 374.450 525,.4.3 ess 'X"otaCExpenses ~ _ ~ . _ - _ _52 .i.- 363,440 ~ 419,997 _ _ _ 0 .50.000 _ 50,000 ( 50,000 340.979 _ _ 385,970 . 44,991: I 343.630 _ --------- .549.6091 . .. 549,609 - - - - -- r 0 ; 520.661. 49518 --- 547,360 47,842 ~ _ _ 520,270 ;Total Revenues Over ([Jnder~.__. . 53. 11.,010 _105.441 _..50,091 2,249 __ _ 39. ~ ._. _ ~ iti4~e~,f'~F~~Eik~Ilr~fcir~Fit'~4*~F~e~F~'itiilcic*~EitaF#ikic~kRic( ieatiei ~tr~3kitiXiesci~! ~t~c*ikik~FikiF _.. - - ------..... _. _... _.. I _ _ - I Funds B/Fvvd October 1st 10,444 21,4541 Total Funds carried fwd I ~ 21,454':. 126,895: _..._ _-. 21,454: _ -21,454 71,545 71,545] 23,7031 Darn: 8/7/2007 12:42 PM ~~/o~ Pa~c: L