Res No. 104-18 ...........
......... ........................................
OF DFLRAY BFACl-1, T(.) 41",�Q'FAI'lVELN LEVY .A 7DVK ONT
ATI. PRTYPERPES VVYIIIT14 "n it t-)()WN'I'( W'N
(1TY BI A(-Tt, Fl-()R..[U�^%, �,LAINTI'.�,NANCE
)VNE) ()PERATION, von 'rO APPR()l*IKFE SAM
NOW, THEREFORE1 BE IT RESOLVE1.) BY"I'HE CITYCOMMISSION
OFT11E CITY OF DELRAY BEACH, FLORIDA,AS FOLLOWS:
SmUsTd. Mt a t2x of plmoo per one Amsand dollars ($1,000.00) ofa�is seer scd
a"Ihlntiori is ht-treby tentatively 1(wied m aU. taxable propeny wilka the: I)owntown 1)(weloprin.ent
District oft he (.ity ofl)(Iray Beach for tbe, fiscal year conaerien-citig Octobtr 1,
2018, and endhg SeMcnaber 30, 2019. '111cre shall [.)c and hemby 1 appmpriated for the puq�osc r:)f
firtanci'ng the, operadmi of Qe Downimun Developnwnt K,jtbo6ty ].'a. ing D.m6c t revenue derked
fxomn said tax for openating and rr'iaintenance empens" of the Dowrao vn. Developtrient Akufbority
1'a�%Jng Distd(';If" and also is) adds on, all. revenues 4.1crivedby ,said "J'axing l.-)ktnct during said fiscal
year from J] other sources ottier than tbe tax. levy for current borid service and theit P"ut of
c011ccd(-,)n c)f delinqucnt taxes levied Or bond setvice. 'rhe asmssed vaUtirm,on all tamable property'
f6roperatinf purp'oscs Wolin the Districtoftbe ("ity of
V)elray Beach t,s $1,094,040,88'l. "I'he tentative optmHng n5lage rue of $11wo per came thmmand
dollars ($'R, )0(10(l) is rnore than ffic rofl,(.�,d back rate 000,9285 per one ffionsind dollars ($1,00U())
by 730%).
%dan,2, 1hat the above tentative in la,ge rate, is adol.')ted puv."'riant m I'lotida
Statutes Section 200-065(2)(e)(2), and subject to adjustment iri ac.;cordance wid Section 200 065(l5) of
the Horh3a Stanites, which provides t.1),,,it ea.ch af'fe=cted tnIng; audionty, other rhan rnunicip-alities,
ccauZes, scipsol boards, ind water, marmgerrient districts, inay adjust its adyned nAhge ree if Ae
taxable VaRle 'wVitl'drl the jiarisdicti.on of the taxing autho6ty as (.-'eltijied Putsmant to Sec6or
200.065(y) is at variance by irr.orc than thwe Immm (31u) witli die, taxable value shown on the
as sessrnent rcfl] to be extended.
Svvdon.; , That a public hea.ring was hehl on duo proposui budypt on Sepumfxr 6,
2018.
..................
PASSIl,"'D AND A,D()P'lT,'lD in reg-ULIx �Vssi�,-vn, on, this the nth da y of Septerr
2018. ...............
---—- -----Z-6-........................ ---------.................... ...............................
I'll obla, Nhayor
N't"I't
;lt I-
K atetti,joigi,.on., k
NPFIR.(".)VED AS TO F'()"R A
S
AIFIN(I I
Y
'Ol/ 1/0
............ -----------------
C)ty Clic