Res 55-06
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RESOLUTION NO. 55-06
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON
ALL PROPERTIES WITHIN THE CITY OF DELRA Y 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 $6.86 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, 2006, and ending September 30,2007. 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
$8,410,413,538. The tentative operating millage rate of $6.86 per one thousand dollars ($1,000.00)
exceeds the rolled-back rate of $5.9464 per one thousand dollars ($1,000.00) by 16.52%.
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 $3,515,922. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.44 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2006,
and ending September 30, 2007, upon the taxable property of the City of Delray Beach, the assessed
valuation being $8,411,463,681.
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%) with the
taxable value shown on the assessment roll to be extended.
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Section 4. That a public hearing was held on the proposed budget on September 5,
2006.
PASSED AND ADOPTED in regular session on this the 5th day of September,
2006.
~Y:R<<-
ATTEST:
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City Clerk
2
RES. NO.55-06
MEMORANDUM
FROM:
MAYOR AND CITY COMMISSIONERS
CITI MANAGER ~
AGENDA ITEM # 10 .,n REGULAR MEETING OF SEPTEMBER 5.2006
RESOLUTION NO. 55-06 (TENTATIVE MILLAGE LEVY FOR FY 2007)
TO:
SUBJECT:
DATE:
SEPTEMBER 1,2006
Resolution No. 55-06 tentatively levies a tax on all properties in the City of Delray Beach for FY 2007.
The proposed millage rate for FY 2007 is 7.30 mills. Resolution No. 55-06 will set the tentative
millage, which can still be reduced at the second budget hearing on September 19th when our final
millage will be adopted.
The rate of 7.30 mills is less than FY 2006. Operating millage is 6.86, while debt service millage
remains at 0.44. The rolled back rate calculated under the TRIM law for operating purposes is 5.9464
mills. The tentative millage rate at 7.30 mills would be 16.52% above the rolled back rate.
The assessed valuation on all taxable property within the City for operating purposes is
$8,410,413,538. The assessed valuation for debt service is $8,411,463,681. 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.
Final adoption of the FY 2007 budget is scheduled for September 19, 2006.
Recommend determination of the millage rate to insert in Section 1, and approve Resolution No. 55-
06.
S:\City Clerk\AGENDA COVER MEMOS\Resolution Agenda Memos\Res 55-06.Tentative Millage Levy.FY 2007.09.05.06.doc
RESOLUTION NO. 55-06
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON
ALL PROPERTIES WITHIN THE CITY OF DELRA Y 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 $6.86 per one thousand dollars ($1,000.00) of assessed
valuation is hereby tentatively levied on all tax~ble property within the City of Delray Beach for the
fiscal year commencing October 1, 2006, and ending September 30,2007. 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
$8,410,413,538. The tentative operating millage rate of $6.86 per one thousand dollars ($1,000.00)
exceeds the rolled-back rate of $5.9464 per one thousand dollars ($1,000.00) by 1,6.52%.
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 $3,515,922. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.44 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2006,
and ending September 30, 2007, upon the taxable property of the City of Delray Beach, the assessed
valuation being $8,411,463,681.
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%) with the
taxable value shown on the assessment roll to be extended.
2006.
2006.
ATTEST:
Section 4. That a public hearing was held on the proposed budget on September 5,
PASSED AND ADOPTED in regular session on this the 5th day of September,
MAYOR
City Clerk
2
RES. NO.55-06
tecTION I
CERTIFICATE OF TAXABLE VALUE
OR-420
R.01/95
2006
PALM BEACH
Year
(Name ofTaxing Authority)
(1) Current Year Taxable Value of Real Property for Operating Purposes $ 8,110,199,69.~.. _
(2) Current Year Taxable Value of Personal Property for Operating Purposes $ 298,079,095
(3) Current Year Taxable Value of Centrally Assessed for Operating Purposes $ ______.______ 2.1~~. 7~_ _ _.
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) $ _____._8,410,41~38._..
(5) Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative $ 262,676,425
Improvements Increasing Assessed Value By At Least 100% + Annexations - Deletions) . 3
$ 8,147,7 7,113
(6) Current Year Adjusted Taxable Value (4) - (5) I
(7) Prior Year Final Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) $ 6,451,499,363
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official
signatu.. at West Palm Beach. Fl. . this the 30TH ia]
Signat re of Property Appraiser
County
To Delray Beach
TAXING AUTHORITY: If this portion of the form is not completed in FULL your Authority will be denied TRIM certification
and possibly lose its millage levy privilege for the tax year. If any line is inapplicable, enter N/A or ..()-.
SECTION II
(8) Prior Year Operating Millage Levy
(9) Prior Year Ad Valorem Proceeds. (7) x (8)
(10) Current Year Rolled-Back Rate (9) / (6)
(11) Current Year Proposed Operating Millage Rate
$ _.7. 450~_..._ Per $1,000
$ 48,063,670
$ ~~1.Q____. Per$1,ooo
$_~.~~~2.u________.__ --- Per $1.000
. on;
~12) Check one (1) TYPE ofTaxing Authority
. c..-::] County L-':-.xl Municipality ;-':...J Independent r-~-.'l Dependent L---~: Municipal Service [~-~ Multi-County
. .. . . Special District ... . District .. Taxing Unit . L___.j Water Management District. . :
(13fIF f)EPENDE-NT SPECIAC.DISTRfcYORMSTlTiSMARKED, PlEASE-SEE REVERSE SiDE. -- -. ....- -... -------.- --.--., -.. .-.-- -.. ..
(14) Current Year Millage Levy for VOTED DEBT SERVICE see other form $ -A4OO-----.-.--- Per $1,000
(15) Current Year OTHER VOTED MILLAGE see other form $ -.-'00-0-0--'--------- Per $1,000
L~EPENDENT SPECIAL DISTRICTS SKIP lines (16) through (22) I
(16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts
& MSTU's levying a millage. (The sum of Line (9) from each District's Form DR-420)
(17) Total Prior Year Proceeds: (9) + (16)
(18) The Current Year Aggregate Rolled-back Rate: (17) / (6)
(19) Current Year Aggregate Rolled-back Taxes: (4) x (18)
$ 186,027
(20) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal
Taxing Authority I all Dependent Districts, & MSTU's if any. Line (11) x Line (4)
(21) Current Year Proposed Aggregate Millage Rate: (20) / (4)
(22) Current Year Proposed Rate as a PERCENT CHANGE OF Rolled-back Rate:
[(Une 21/ Line 18) - 1.00] x 100
Date, Time and Place ofthe first Public Budget Hearing: !;;ppf"pmh("oT 5, ?OO';, 7' 00 r 1J'I J City
Delray BeaQo City Hall~ 100 NW let !~leBHe, Delray BoneR, FL 33444
I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER,
I certify that all mill ages comply with the provisions of Section 200.071 or 200.081, F.S. WITNESS my hand and official
sign. aturme t .~. , Florida. this the 2nd dayof August
_ ~aV1d T. Harden
,. i t:}l:J1an1'lgPT ASlmp
Signature and title of Ch ef Administrative 0 r Address of Physical location
$ 48,449,697
$
$
$
5.9464
Per $1,000
50,011,683
5~2I?~3~~
$ 6.9286
Per $1,000
.l.6.a..5~______ %
CQmmi~~iQn CoambQrs.
, 2QO~ .
100 NW 1st Avenue
Mailing-Address. ---------------.---------------
Delray Beach, FL 33444
citY'----'. ...--..-..- State-Un-uno.
...lQs.e:~h...ML. Safford, Director of Finance.Hu..
Name 0 Contact Person
243-7115
Zip----.~----- Phone Number
SEE INSTRUCTIONS ON REVERSE SIDE
243,:,_7166
Fax Number
SECTION I
CERTIFICATE OF TAXABLE VALUE
DR-420
R.01195
2006
PALM BEACH
Year
_ _County
(1) Current Year Taxable Value of Real Property for Operating Purposes
(2) Current Year Taxable Value of Personal Property for Operating Purposes
(3) Current Year Taxable Value of Centrally Assessed for Operating Purposes
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3)
$
2.134.744
8,411,463,681
262,676,425
8,148,787,256
$
(5) Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative
Improvements Increasing Assessed Value By At Least 100% + Annexations - Deletions)
(6) Current Year Adjusted Taxable Value (4) - (5)
(7) Prior Year Final Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) $ 6,452,549,506
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official
signature at West Palm Beach. FJ. , this th 30TH day of JUNE 2006
$
TAXING AUTHORITY: If this portion of the form is not completed in FULL your Authority will be denied TRIM certification
and possibly lose its millage levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-.
SECTION II
(8) Prior Year Operating Millage Levy $ -0-
(9) Prior Year Ad Valorem Proceeds (7) x (8) $ -0-
(10) Current Year Rolled-Back Rate (9) I (6) $ -0- Per $1,000
(11) Current Year Proposed Operating Millage Rate $ -- -0,:, Per $1 ,000
~12) 'Check one (1) TYPE of Taxing AuthoriiY------u---.------.------..... _u..___ --...---.-------.-------.......--
I CJ County [-:xl Municipality L_._J Inde~end~nt. L._J D~p~ndent C::-J Mu~icipal ~ervice S=.=-J Multi-County ;
1 SpeClalDlstnct Olstnct TaXing Unit ,1 Water Management District :
L_____ _________________________________..._________1..:===:...__.______________________..__._._..__.___1
(13) IF DEPENDENT ~'PECIAL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE.
(14) Current Year Millage Levy f()r VOTED DEBT SERVICE $
(15) Current Year OTHER VOTED MILLAGE $
, [~~~.E~DE~T !~.ECIAL DISTRICTS SKIP lines (16) through (22)l
(16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts
& MSTU's levying a millage. (The sum of Line (9) ff'om each District's Form DR-420)
(17) Total Prior Year Proceeds: (9) + (16)
(18) The Current Year Aggregate Rolled-back Rate: (17) / (6)
(19) Current Year Aggregate Rolled-back Taxes: (4) x (18)
(20) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal
Taxing Authority, all Dependent Districts, & MSTU's if any. Line (11) x Line (4)
(21) Current Year Proposed Aggregate Millage Rate: (20) I (4)
(22) Current Year Proposed Rate as a PERCENT CHANGE OF Rolled-back Rate:
[(Line 21/ Line 18) - 1.00] x 100
Date Time and Place of the first Public Budget Hearing: September 5,2006,1:00 p.m., City Commission Chambers.
Delray Beach City Hall, 100 NW 1st Avenue, Delrav Beach. FL 33444 .
I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER,
I certify that all millages comply with the provisions of Section 200.071 or 200.081, F.S. WITNESS my hand and official
signature Del.ray Be h , Florida, this the 2nd dayof Au~ust
David T. Harden
Per $1,000
--. ...4ltQQu.__.__._. - Per $1,000
__....0001l_____.__. Per $1.000
$
n/a
n/a
n/a
n/a
$
n/a
Per $1,000
--ft:/-a
0/0
2006
AmWlSs of Physical Location
100 NW 1st Avenue Joseph M. Safford, Director of Finance
Mailing Address -- ---. ___.___.__'_.u Name of Contact Person.-----------.u-.n----wm----
Delray Beach, FL 33444 243-7115 243-7166
citY. .-----. --------- State--u..-- ---- Zip ..--.-- .-- Phone N'i.imber-------.------.------ Fax Number--'-.-' ... --...
SEE INSTRUCTIONS ON REVERSE SIDE