Res 44-12RESOLUTION NO. 44 -12
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON
ALL PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO TENTATIVELY LEVY A TAX FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDED
INDEBTEDNESS, AND TO ALLOCATE AND 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 $7.1992 per one thousand dollars ($1,000.00) of assessed
valuation is hereby tentatively levied on all taxable property within the City of Delray Beach for the
fiscal year commencing October 1, 2012, and ending September 30, 2013. There shall be and hereby
is appropriated for the General Fund operations of the City revenue derived from said tax for
operating and maintenance expenses of the General Fund, and also in addition, all revenues derived
by said City 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 City of Delray Beach is
$6,218,550,013. The tentative operating millage rate of $7.1992 per one thousand dollars ($1,000.00)
is greater than the rolled -back rate of $7.1805 per one thousand dollars ($1,000.00) by 0.26 %.
Section 2. That the amount of money necessary to be raised for interest charges
and bond redemption which constitutes a general obligation bonded indebtedness of the City of
Delray Beach is $3,569,827. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of S0.6041 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2012,
and ending September 30, 2013, upon the taxable property of the City of Delray Beach, the assessed
valuation being $6,220,735,327.
Section 3. That the above tentative millage rates are adopted subject to adjustment
in accordance with Section 200.065(5) of the Florida Statutes which provides that a municipality 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 one percent (1 0/6) with the
taxable value shown on the assessment roll to be extended.
2012.
2012.
ATTEST:
City Clerk
Section 4. That a public hearing was held on the proposed budget on September 4,
PASSED AND ADOPTED in regular session on this the 4th day of September,
VLF, iM-
MAYOt�U
RES. NO. 44-12
Coversheet
MEMORANDUM
TO: Mayor and City Commissioners
FROM: Lisa M. Herrmann, Budget Officer
THROUGH: David T. Harden, City Manager
DATE: August 28, 2012
Page 1 of 1
SUBJECT: AGENDA ITEM 10.A. - REGULAR COMMISSION MEETING OF SEPTEMBER 4, 2012
RESOLUTION NO. 44-12 (TENTATIVE MILLAGE LEVY)
ITEM BEFORE COMMISSION
This item before Commission is Resolution No. 44 -12 which tentatively levies a tax on all properties in
the City of Delray Beach for FY 2013. The proposed operating millage rate for FY 2013 is 7.1992
which can still be reduced at the second budget hearing on September 20, 2012 when the final millage
rate will be adopted.
BACKGROUND
The proposed FY 2013 operating millage is 7.1992 while the proposed FY 2013 debt service millage is
0.6041. The proposed operating millage is more than the rolled back millage rate (7.1805) by 0.26 %.
The total millage rate for FY 2013 (both operating and debt service) is equal to the total millage rate for
FY 2012. The final operating millage and debt service millage rates will be determined by the City
Commission on September 20, 2012.
The assessed valuation on all taxable property within the City for operating purposes is $6,218,550,013.
The assessed valuation for debt services is $6,220,735,327. The reason for the differential is the
exemptions that were granted to the historic properties in the City. They apply to operating millage
only.
Pursuant to the City Charter and TRIM requirements, a public hearing must be held prior to the
adoption of the resolution.
The final FY 2013 millage rates and budget are scheduled for adoption on September 20, 2012.
RECOMMENDATION
Recommend approval of Resolution 44 -12 - Tentative Millage Levy for FY 2013.
http:// itwebapp/ AgendaIntranet /Bluesheet.aspx ?IteniID= 5953 &MeetinglD =387 9/6/2012
RESOLUTION NO. 44-12
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON
ALL PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO TENTATIVELY LEVY A TAX FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDED
INDEBTEDNESS, AND TO ALLOCATE AND APPROPRIATE
SAID COLLECTIONS TIiEREUNDER.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That a tax of $7.1992 per one thousand dollars ($1,000.00) of assessed
valuation is hereby tentatively levied on all taxable property within the City of Delray Beach for the
fiscal year commencing October 1, 2012, and ending September 30, 2013. There shall be and hereby
is appropriated for the General Fund operations of the City revenue derived from said tax for
operating and maintenance expenses of the General Fund, and also in addition, all revenues derived
by said City 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 City of Delray Beach is
$6,218,550,013. The tentative operating millage rate of $7.1992 per one thousand dollars ($1,000.00)
is greater than the rolled -back rate of $7.1805 per one thousand dollars ($1,000.00) by 0.26 %.
Section 2. That the amount of money necessary to be raised for interest charges
and bond redemption which constitutes a general obligation bonded indebtedness of the City of
Delray Beach is $3,569,827. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.6041 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2012,
and ending September 30, 2013, upon the taxable property of the City of Delray Beach, the assessed
valuation being $6,220,735,327.
Section 3. That the above tentative millage rates are adopted subject to adjustment
in accordance with Section 200.065(5) of the Florida Statutes which provides that a municipality 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 one percent (1 9/6) with the
taxable value shown on the assessment roll to be extended.
Section 4. That a public hearing was held on the proposed budget on September 4,
2012.
PASSED AND ADOPTED in regular session on this the 4th day of September,
2012.
MAYOR
ATTEST:
City Clerk
RES. NO. 44 -12
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