Res No. 164-19RESOLUTIONNO. 164-19
A RESOLUTION OF TI-IE OTI CO:M11ISSION OF TI-IE OTI
OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITI-IIN TI-IE OTI OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO LEVY A TAX FOR TI-IE PAYMENT OF PRINOP AL AND
INTEREST ON BONDED INDEBTEDNESS, AND TO
ALLOCATE AND APPROPRIA TE SAID COLLECTIONS
11-IEREUNDER
NOW, THEREFORE, BE IT RESOL VED BY THE CITY COMMISSION
OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That a tax of $6.6611 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, 2019, and ending September 30, 2020. 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 pan 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
$11,105,246,795. The operating millage rate of $6.6611 per one thousand dollars ($1,000.00) is
greaterthan the rolled-back rate of $6.4641 per one thousand dollars ($1,000.00) by 3.04%.
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 $2,147,144. There is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.2034 per one thousand dollars ($1,000.00) of assessed valuation,
which is hereby levied for that purpose for the fiscal year commencing October 1, 2019, and ending
September 30, 2020, upon the taxable property of the City of Delray Beach, the assessed valuation
being $11,111,851,924.
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 budget on September 5, 2019 and
September 17, 2019.
PASSED AND ADOPTED in regular session on this the 17th day of September,
2019.
APPROVED AS TO FORM AND
LEGALS FIOENCY.
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