Res 35-16RESOLUTION NO. 35-16
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; PROVIDING AN
EFFECTIVE DATE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That a tax of $6.9611 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, 2016, and ending September 30, 2017. 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, allrevenues 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
$8,806,885,719. The tentative operating millage rate of $6.9611 pet one thousand dollars ($1,000.00)
is greater than the rolled -back rate of $6.5346 per one thousand dollars ($1,000.00) by 6.36%.
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 $2,089,576. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.2496 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2016,
and ending September 30, 2017, upon the taxable property of the City of Delray Beach, the assessed
valuation being $8,810,213,080.
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 (19/o) with the
taxable value shown on the assessment roll to be extended.
PASSED AND ADOPTED in regular session on this the 8th day of September,
2016.
MAYOR
ATTEST:
City Cletk
RES NO. 36-16
venue
City of Delray Beach 100 Beach,
L334
Delray Beach, FL 33444
Legislation Text
File #: 16-826, Version: 1
TO: Mayor and Commissioners
FROM: Jack Warner, Finance Department
THROUGH: Donald B. Cooper, City Manager
DATE: September 8, 2016
RESOLUTION NO 35-16 TENTATIVE MILLAGE LEVY
Recommended Action:
Motion to Approve Resolution No. 35-16 Tentative Millage Levy for FY 2017.
Background:
This item before Commission is Resolution No. 35-16 which tentatively levies a tax on all properties
in the City of Delray Beach for FY 2017. The proposed millage rate for FY 2017 is 6.9611 which can
still be reduced at the second budget hearing on September 20, 2016 when the final millage rate is
adopted.
The proposed FY 2017 operating millage is 6.9611 while the proposed FY 2017 debt service millage
is 0.2496. The proposed operating millage is more than the rolled back rate (6.5346) by 6.36°/x. The
total millage rate for FY 2016 (both operating and debt) is less than the total millage rate for FY 2016
by 0.1260 or 1.72°/x. The final operating and debt service millage rates will be determined by the City
Commission on September 20, 2016.
The assessed valuation on all taxable property within the City for operating purposes is
$8,806,885,719. The assessed valuation for debt service is $8,810,213,080. The reason for the
differential is the exemptions that were granted to the historic properties in the City. They apply to the
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 2017 millage rate and budget are scheduled for adoption on September 20, 2016.
City Attorney Review:
Approved as to form and legal sufficiency.
Finance Department Review:
Finance recommends approval.
Fundinq Source:
Not applicable
City of Delray Beach Page 1 of 2 Printed on 9/13/2016
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File #: 16-826, Version: 1
Timing of Request:
This is the tentative adoption with final adoption on September 20, 2016.
City of Delray Beach Page 2 of 2 Printed on 9/13/2016