Res 62-15RESOLUTION NO. 62-15
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO 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 I That a tax of $1.0000 per one thousand dollars ($1,000.00) of assessed
valuation is hereby 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, 2015, and
ending September 30, 2016. 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 $728,127,037. The operating millage rate of $1.0000 per one thousand dollars
($1,000.00) is more than the rolled -back rate of $0.9008 per one thousand dollars ($1,000.00) by
11.01%.
Section 2. That the above 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 valiance by more than three percent (3%) with the taxable value shown on the
assessment.toll to be extended.
Section 3. That public hearings were held on the budget on September 3, 2015 and
September 15, 2015.
2015.
ATTEST:
City Clerk
PASSED AND ADOPTED in regular session on this the 15th day of September,
2 IBES, NO. 62-15
CoversheetPage of
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MEMORANDUM
TO:Mayor and City Commissioners
FROM:Jack Warner, Chief Financial Officer
Lisa M. Herrmann, Planning, Budgeting and Control Manager
THROUGH:Donald B. Cooper, City Manager
DATE:August 19, 2015
AGENDA ITEM 9.B. - REGULAR COMMISSION MEETING OF SEPTEMBER 15, 2015
SUBJECT:
RESOLUTION NO. 62-15 FINAL MILLAGE LEVY DDA
BACKGROUND
The item before Commission is Resolution No. 62-15 which levies a tax on all properties within
the Downtown Development Authority (DDA) Taxing District of the City of Delray Beach. The
DDA millage rate for FY 2016 is 1.0000.
The millage rate of 1.0000 for the DDA is no increase from FY 2015, but is more than the
rolled back rate (0.9008) by 11.01%. The assessed valuation on all taxable property for
operating purposes with the Downtown Development Authority Taxing District of the City of
Delray Beach is $728,127,037.
RECOMMENDATION
Recommend approval of Resolution No. 62-15 Final Millage Levy/DDA.
http://agendas.mydelraybeach.com/Bluesheet.aspx?ItemID=9501&MeetingID=57710/6/2015