Res 50-07\.
RESOLUTION NO. 50-07
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.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That a tax of $6.1449 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, 2007, and ending September 30, 2008. 'T'here 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
$8,714,375,264. The tentative operating millage rate of $6.1449 per one thousand dollars ($1,000.00)
is less than the rolled-back rate of $6.7527 per one thousand dollars ($1,000.00) by 9.156%.
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
Dekay Beach is $3,588,420. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.4334 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2007,
and ending September 30, 2008, upon the taxable property of the City of Delray Beach, the assessed
valuation being $8,715,481,763.
Sec~on 33. 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.
`.
Section 4. That a public hearing was held on the proposed budget on September 4,
2007.
PASSED AND ADOPTED in regular session on this the 4~' day of September,
2007.
`~Q,
MAYOR
ATTEST:
City Clerk
RES. N0.50-07
MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER ~~,,/~
DATE: AUGUST 29, 2007
SUBJECT: AGENDA ITEM # I~•A -REGULAR MEETING OF SEPTEMBER 4, 2007
RESOLUTION N0.50.07 (TENTATIVE MILEAGE LEVY FOR FY 2008)
ITEM BEFORE COMMISSION
Resolution No. 50-07 tentatively levies a tax on all properties in the City of Delray Beach for FY 2008.
The proposed millage rate for FY 2008 is 6.5783 mills. Resolution No. 50-07 will set the tentative
millage, which can still be reduced at the second budget hearing on September 18~' when our final
millage will be adopted.
BACKGROUND
The rate of 6.5783 mills is less than FY 2007. Operating millage is 6.14, while debt service millage
remains at 0.43. The rolled back rate calculated under the TRIM law for operating purposes is 6.7527
mills. The tentative millage rate at 6.5783 mills would be 9.156% less than the rolled back rate.
The assessed valuation on all taxable property within the City for operating purposes is $8,714,375,264.
The assessed valuation for debt service is $8,715,481,763. 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 2008 budget is scheduled for September 18, 2007.
FUNDING SOURCE
N/A
RECOMMENDATION
Recommend determination of the millage rate to insert in Section 1, and approve Resolution No. 50-
07.
S:\City Clerk\AGENDA COVER MEMOS\Resolution Agenda Memos\Res 50-07 Tentative Millage Levy FY 2008 090407.doc
RESOLUTION NO. 50-07
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON
ALL PROPERTIES WITHIN THE CITY OF DELR.AY 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 $6.1449 per one thousand dollars ($1,000.00) of assessed
valuation is hereby tentatively levied on all taxable property within the City of Dekay Beach for the
fiscal year commencing October 1, 2007, and ending September 30, 2008. 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
$8,714,375,264. The tentative operating millage rate of $6.1449 per one thousand dollars ($1,000.00)
is less than the rolled-back rate of $6.7527 per one thousand dollars ($1,000.00) by 9.156%.
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 $3,588,420. There is hereby appropriated for the payment thereof, all revenues
derived from the tentative tax levy of $0.4334 per one thousand dollars ($1,000.00) of assessed
valuation, which is hereby levied for that purpose for the fiscal year commencing October 1, 2007,
and ending September 30, 2008, upon the taxable property of the City of Delray Beach, the assessed
valuation being $8,715,481,763.
Section 3. `T'hat 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.
i n That a public hearing was held on the proposed budget on September 4,
2007.
PASSED AND ADOPTED in regular session on this the 4`s day of September,
2007.
MAYOR
ATTEST:
Ciry Clerk
2 RES. N0.50-07
CERTIFICATION OF TAXABLE VALUE
SECTION I Year 2007
County Palm Beach
Principal Authority Delray Beach Taxing Authority:
(1) Current Year Taxable Value of Real Properly for Operating Purposes
(2) Current Year Taxable Value of Personal Property for Operating Purposes
(3) Current Year Taxable Value of Centralty Assessed Property for Operating Purposes
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) _ (4)
(5) Current Year Nel New Taxable Value
(New Construction + Additions + Rehabilitative Improvements Increasing Assessed Value By At
Least 100% + Annexations + Total Tangible Personal Property Taxable Value In Excess of 115%
of the Previous Years Total Tangible Personal Property Taxable Value -Deletions)
FOR DOR USE ONLY DR-420
City. R 06!07
TA:
Levy:
Delray Beach -Debt Service
$ 8,414,368,652 (1)
$ 298,835,390 (2)
$ 2,277,721 (3)
$ 8,715,481,763 (4)
$ 147,168,149 (s)
(s) Current Year Adjusted Taxable Value (4) - (5) $ 8,568,313,614 (s)
Q) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Fonn DR-403 Series) $ 8,363,640,539 (7)
(8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter 0) 0
do hereby certify the values shown herein to be correct to the best of my knowledge and belief. tress hahd and o ld ignature
at West Palm Beach ,Florida, this the 29th day J 2007 (Month, and Year).
:. .~.` s:;~'n'~f . ~_:.;,~ 4~.-,... _ - S' lure of Property Appraiser
SECTION II Taxing Authority: rc this portion a m. form is not completed in FULL your Authority will ba dented TRIM eertiflcation and possibly lose its mlllage levy
privilege for the tax year. If any line fa inapplicable, sntor N/A ar -0-.
(9) Prior Year Operating Millage Levy $ see other form -
par sl,ooo (s)
(10) Prior Year Ad Vakxem Proceeds p) x (g) S ~~~ other form (10)
(11)Arnount, if any, paid or applied in prior year as a consequesrtce of an obligation measured by a
dedicated increment value: Sum of either line (3)c or (4)a for all DR-42071E forms $ tr r rr tr (11)
(12) Adjusted Prior Year Ad Valorem Proceeds (10) - (11) $ rr rr rr (12)
(13) Dedicated Increment Value, ff any: Sum of either line (3)b or (4)e for all DR-42071E forms $ tr rr rr (13)
(14)Adjusted Current Year Taxable Value (6) - (13) $ rt rr rr (14)
(15) Current Year Rolled-Back Rate (12} divided by (14) $ rr rt rr per St,0o0 (15)
(18) Current Year Proposed Operating Millage Rate $ rr rr rr
per S1,ooo (18)
(17) Check TYPE of Principal Authority (check one) County Independent Sp. Dist
®Municipality ^Water Man. District
(18) Check Applicable Taxing Authority (check one)Principal Authority Dep. Spec Dist. ~MSTU
(19) is millage levied in more than one tbuntyl(check one) Yes ~X No
.
(20) Current Millage Levy for Voted Debt Service $ .4334 pars! o00 (20)
(21) Current Millage Levy for Other Voted Millage - $ peril 000 (21)
-.~.~. .~ pr, ~»~-~#M~~'L~s._ SKIP Ifrie``(22} -' X28) . ~~' 'F,-"-.,, >-;~. -- r
(22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special Districts $ n /a (22)
and MSTUs levying a millage. (The sum of Line (12) from each District's and MSTU's Fomt DR-420)
(23) Total Adjusted Prior Year Ad Valorem Proceeds (12) + (22) $ n/ a
(23).
(24) Current Year Aggregate Rolled-Back Rate: (23) divided by (14) $ n/a per St,ooo (24)
(25) Current Year Aggregate Roled-Back Taxes (4) x (24) $ n/a (25)
(26) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing
Authority, all Dependent Districts, and MSTUs if any. Sum of line (16) x line (4) from all Form
DR-420s $ n/a
(28)
(27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4) $ n / g Per st 000 (27)
(28) Current Year Proposed Rate as a Percent Change of Rolled-Bade Rate:
[(Line 27 divided by line 24) - 1.00) x 100
n/a °i° (2s)
Date, Time and Place of the First Public Budget Hearing: September 4, 2~~~, ~ : 00 P:::m. , City Commission
Chambers, Delray Beach, City Hall, 100 NW 1st Avenue, Delray Beach, FL
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 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and oificiai signature at
De ra each ,Florida, this the 1St day of August, 2007 (Month, and Year)
~' David T. Hardenr_
d same
Spnature and Title of Chief Ad a Address of Physical Location
100 NW 1st Avenue Joseph M. Safford, Director. of Finance
Delray Beach, ~~7~'jS4e+~4 561-243-7116ameorcontad Persor}.61-243-7166
Ciy State ZP phone ~ Fax #
SEE INSTRUCTIONS ON REVERSE SIDE
CERTIFICATION OF TAXABLE VALUE
SECTION I Year 200'7
County Palm Beach
Prinapal Authority Delray Beach Taxing Authority:
(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 CenVally Assessed Property for Operating Purposes
(4) Current Year Gross Taxable Value for Operating Purposes (1) + {2) + (3) _ (4)
(5) Current Year Net New Taxable Value
(New Construction + Additions + Rehabilitative Improvements Increasing Assessed Value By At
Least 100% + Annexations + Total Tangible Personal Property Taxable Value In Excess of 115%
of the Previous Year's Total Tangible Personal Property Taxable Value -Deletions)
s.o G,.r ~ ~--
~ ~~~~~
FOR DOR USE ONLY DR-420
Cily. R_ 06/07
T0.
Levy:
Delray Beach
$ 8,413,262,153 (1)
$ 298,835,390 (2)
$ 2,277,721 (3)
$ 8,714,375,264 (a)
$ 147,168,149 (5)
(8) Current Year Adjusted Taxable Value (4) - (5) $ 8,567,207,115 (sy
(7) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) $ 8,362,590,396 (7)
(8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter 0) 1
i do hereby certify the values shown herein to be correct to the best of my knowledge and belief. ess hand and oifi ' 'nature
at West Patm Beach ,Florida, this the 29th day of Jnn 007 (Month, and Year).
ipna re of Property aiser
.SECTION II Taxing Authority: If this portion of the form is not completed in FULL your Autnorlty will be dented TRIM certmcadon and possibly lose its manage levy
privilege for the tax year. H any gne is inapplicable, enter WA or -0-.
(9) Prior Year Operating Millage Levy $ 6.8600 per st,ooo (9)
(10) Prbr Year Ad Vabrem Proceeds (7) x (9)
(11) Amount, if arty, paid or applied in prior year as a cwrsequesnce of an obligation measured by a
dedlceted increment value: Sum of either line (3}c or (4)a for all DR-420TiF forms
(12) Adjusted Prior Year Ad Valorem Proceeds (10) - (11)
(13) Dedicated Increment Value, if any: Sum of either line {3)b or (4}e for all DR-42071E forms
(14) Adjusted Current Year Taxable Value (6) - (13) _
(15) Current Year Rolled-Back Rate (12) divided by (14)
(16}Current Year Proposed Operating Millage Rate
~b-~
3-7n
$ ~7 (10)
-r
-r
$ 9,173, 446 (11>
$ lltt
t A3
8211 (12>
,
,
$ 7, ~ ~~, nl ll,~~p (1a)
$ 6. 7 5 2 7
$ h.14b9 Per i+,000 (15)
persl,ooo (18)
(17) Check TYPE of Principal Authority (check one) County ~ Independent Sp. Dist
Municipality ~WaterMan. District
(1 B) Check Applicable Taxing Authority (check one) a Principal Authority Dep. Spec Dist. ~MSTU
(19) Is millage levied in more than one county? (check one) Yes ~No
(20) Current Miltage Levy for Voted Debl Service s see other form Per st,ooo (20)
{21) Current Millage Levy for Other Voted Millage $ s e e other form per S1,D00 (21)
,X_. C~'{~ ',, ~ (t. _.~~:.~~v iC°7-°.'Y.z"tir K.j„r5t F":
(22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Speaal Districts $ 5 75 , 4 71 (2Y)
and MSTUs levying a millage. (The sum of Line (12) from each District's and MSTU's Form DR-420)
(23) Total Adjusted Prior Year Ad Valorem Proceeds (12} + (22)
(24) Current Year Aggregate Roiled-Back Rate: (23) divided by (14)
48,769,396
(23)
(25) Current Year Aggregate Rolled-Back Taxes (4) x (24)
(28) Enter Total of atl non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing
Authority, all Dependent Districts, and MSTUs if any. Sum of line (16) x line (4) from all Form
DR-420s
(27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4)
(28) Current Year Proposed Rate as a Percent Change of Rolled-Back Rate:
$ ~+ - 8333 Per sl,ooo (2a>
$ 59.547,981 (25)
$ 54, 095, 727 (2s)
$ 6.2076
per ti1,000 (27)
[(Line 27 drwded by Ilne 24) - 1.00) x 100 -9.156 % (28)
Date, Time and Place of the First Public Budget Hearing: September 4. 2007 , 7:00 n -m - r Ci tv (:nmmi cci nn
Chambers, Delray Beach City Hall, 100 NW 1st Avenue, Delray Beach, FL
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 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and official signature at
De a each ,Florida, this the 1St day of AuguS t . 2007 (Month, and Year)
~- David T. Harden same
signature and Title of chief Adm aye age r Address of Physical Location
100 NW 1st Avenue Joseph M. Safford, Director of Finance
Delray Beach, ~i1ing°.~r$5~+4 561 243 7116ameorContadPers 561 243 1166
City State Zip Phone # Fax #
SEE INSTRUCTIONS ON REVERSE SIDE