Res 60-99RESOLUTION NO. 60-99
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO 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 CO~ISSION
OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That a tax of $6.91 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, 1999, and ending September 30,
2000. 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 $3,176,541,315. The operating millage rate of
$6.91 per one thousand dollars ($1,000.00) exceeds the rolled-
back rate of $6.6393 per one thousand dollars ($1,000.00) by
4.0772%.
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 $2,214,670. There is hereby appropriated for
the payment thereof, all revenues derived from the tax levy of
$0.74 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the
fiscal year commencing October 1, 1999, and ending September 30,
2000, upon the taxable property of the City of Delray Beach, the
assessed valuation being $3,176,541,315.
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
proposed budget on September 7, 1999, and September 21, 1999.
PASSED AND ADOPTED in regular session on this the 21st
day of September, 1999.
ATTEST:
City Clerk
Res. No. 60-99
MEMORANDUM
TO:
FROM:
SUBJECT:
DATE:
MAYOR AND CITY COMMISSIONERS
CITY MANAGER
AGENDA ITEM #/0.~,.- REGULAR MEETING OF SEPTEMBER 21, 1999
RESOLUTION NO. 60-99 (FY 2000 MII.I.&GE LEVY)
SEPTEMBER 17, 1999
Resolution No. 60-99 levies a tax on all properties in the City of Dekay Beach for FY 2000 as follows:
6.91 mills, for operation and maintenance
of the General Fund
0.74 mills, for the payment of principal and
interest on bonded indebtedness
7.65 mills... Millage rate
The millage rate of 7.65 mills is five-hundredths of a mill less than FY 1999. The rolled back rate
calculated under the TRIM law for operating purposes is 6.64 mills. The millage rate is 4.08% above
the rolled back rate.
Pursuant to the City Charter and TRIM requirements, a pubhc hearing must be held prior to the
adoption of the resolution.
Recommend approval of Resolution No. 60-99.
Ref:Agmemo20.Res60-99.FY2000 Millage Levy