Res 55-01RESOLUTION NO. 55-01
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO
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 $7.37 per one thousand dollars ($1,000.00) of assessed
valuation is hereby levied on all taxable property within the City of Delray Beach for the fiscal
year commencing October 1, 2001, and ending September 30, 2002. 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 $3,755,579,002. The operating millage rate of $7.37 per one thousand dollars ($1,000.00)
exceeds the rolled-back rate of $6.6423 per one thousand dollars ($1,000.00) by 12.46%.
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 $2,213,475. There is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.63 per one thousand dollars ($1,000.00) of assessed valuation,
which is hereby levied for that purpose for the fiscal year commencing October 1, 2001, and
ending September 30, 2002, upon the taxable property of the City of Delray Beach, the assessed
valuation being $3,756,057,545.
Section 3. That the above 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%) with the taxable value shown on the assessment roll to be extended.
Section 4. That public hearings were held on the proposed budget on September
4, 2001, and on September 19, 2001.
2001.
PASSED AND ADOPTED in regular session on this the 19th day of September,
MAYOR
City Clerk
2 Res. No. 55-01
MEMORANDUM
TO:
FROM:
SUBJECT:
DATE:
MAYOR AND CITY COMMISSIONERS
CITY MANAGER ~
AGENDA ITEM ]0 ~) - REGULAR MEETING OF SEPTEMBER 19~ 2001
RESOLUTION NO. 55-01 (MILLAGE LEVY)
SEPTEMBER 14, 2001
Resolution No. 55-01 levies a tax on all properties in the City of Delray Beach for FY 2002 as
follows:
7.37 mills for operation and maintenance of the General Fund
0.63 mills for the payment of principal and interest on bonded indebtedness
8.00 mills = millage rate
The millage rate of 8.00 mills is five one hundredths of a mill more than FY 2001. The rolled
back rate calculated under the TRIM law for operating purposes is 6.6423 mills. The millage rate
is 12.46% above the rolled back rate.
The assessed valuation on all taxable property within the City for operating purposes is
$3,755,579,002. The assessed valuation for debt service is $3,756,057,545. The reason for the
differential is the exemptions that were granted to 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.
Recommend approval of Resolution No. 55-01.
Ref' Agmemo20.Res55 -01.Millage Levy. FY 2002
RESOLUTION NO. 55-01
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO
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 $7.37 per one thousand dollars ($1,000.00) of assessed
valuation is hereby levied on all taxable property within the City of Delray Beach for the fiscal
year commencing October 1, 2001, and ending September 30, 2002. 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 $3,755,579,002. The operating millage rate of $7.37 per one thousand dollars ($1,000.00)
exceeds the rolled-back rate of $6.6423 per one thousand dollars ($1,000.00) by 12.46%.
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 $2,213,475. There is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.63 per one thousand dollars ($1,000.00) of assessed valuation,
which is hereby levied for that purpose for the fiscal year commencing October I, 2001, and
ending September 30, 2002, upon the taxable property of the City of Delray Beach, the assessed
valuation being $3,756,057,545.
Section 3. That the above 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%) with the taxable value shown on the assessment roll to be extended.
Section 4. That public hearings were held on the proposed budget on September
4, 2001, and on September 19, 2001.
2001.
PASSED AND ADOPTED in regular session on this the 19th day of September,
MAYOR
ATTEST:
City Clerk
2 Res. No. 55-01