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Res 790-51 R E S 0 L U T I 0 N NO. 790 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF D~L~L~Y BEACH, FLORIDA, C~EATING A MUNICIPAL TAX AD- JUSTMENT BOARD. WHEREAS, there are many delinquent taxes and delinquent special assessments against property located with- in the municipal boundaries of the City of Delray Beach, Florida, which were levied more than twenty years ago, and WHEREAS, interest and penalties, together with the original tax levy or levy for special assessment amounts to more than the actual value of the property against which such levy or liens have been made, and I~EREAS, it is to the best interests of the City of Delray Beach, Florida, that they derive revenue based upon such tax levies or special assessments, NOW, THEREFORE, BE IT RESOLVED by the City Council as follows: 1. That the City Council of the City of Delray Beach shall act as a municipal Tax Adjustment Board, and shall sit as such a Board for a period on one (1) year from the date hereof; that meetings of said Board shall be on the second and fourth Mon- days of each month, at 7:30 P. M., at the City Hall, in the City of Delray Beach, Florida. 2. That said Municipal Tax Adjustment Board shall consider and adjust only the interest and penalties accruing as a result of unpaid taxes, or unpaid special assessments prior to the year 1940; that no discount shall be allowed on the original tax levy or special assessment; that the interest and penalties collected shall be two percent (2~) of the original tax levy or special assess- ment through the year 1939, and after 1939 the interest and penalties shall be as prescribed by law. PASSED AND ADOPTED in regular session on this the 28th day of February, 1951 ATTEST: May°rC'~'~vv '~~-~~L/ ~ ' ~ity Clerk'