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Res 56-03RESOLUTION NO. 56-03 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, TO TENTATIVELY LEVY A TAX ON .ALL PROPERTIES WITHIN THE DOWNTOWN DEVELOPMENT AUTHORITY TAXING DISTRICT OF THE CITY OF Dg.T.RAY BEACH, FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO 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 $1.00 per one thousand dollars ($1,000.00) of assessed valuation is hereby tentatively levied on all taxable property within the Downtown Development Authority Taxing District of the City of Delray Beach for the fiscal year commencing October 1, 2003, and ending September 30, 2004. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Development Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Development Authority Taxing District, and also in addition, all revenues derived by said Taxing District 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 Downtown Development Authority Taxing District of the City of Delray Beach is $220,814,501. The tentative operating millage rate of $1.00 per one thousand dollars ($1,000.00) exceeds the rolled-back rate of $0.8697 per one thousand dollars ($1,000.00) by 14.98%. Section 2. That the above tentative rnilhge rate is adopted pursuant to Florida Statutes Section 200.065(2)(e)(2), and subject to adjustment in accordance with Section 200.065(5) of the Florida Statutes which provides that each affected taxing authority, other than municipalities, counties, school boards, and water management districts, 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 three percent 0%) with the taxable value shown on the assessment roll to be extended. Section 3. That a public hea,qng was held on the proposed budget on September 9, 2003. 2003. PASSED AND ADOPTED in regula~ session on this the 9~ day of September, City Clerk 2 RES. NO. 56-03 MEMORANDUM TO: MAYOR AND CITY COMMISSIONERS FROM: ~ CITY MANAGER SUBJECT: AGENDA ITEM ~(~) ~ - REGULAR MEETING OF SEPTEMBER 9. 2003 RESOLUTION NO. 56-03 (TENTATIVE MILLAGE LEVY IN THE DDA TAXING DISTRICT) DATE: SEPTEMBER 5, 2003 Resolution No. 56-03 tentatively levies a tax in the amount of 1.00 mill on all properties within the Downtown Development Authority Taxing District of the City of Delray Beach for FY 2004. This tentative millage exceeds the 0.8697 rolled back rate calculated under the TRIM law by 14.98%. A copy of the DDA's Certification of Taxable Value is attached, along with a copy of the DDA budget for FY 2004. Recommend approval of Resolution No. 56-03. Final adoption of the DDA tax levy for FY 2004 is scheduled for September 23, 2003. RefiAgmemo20.Re~56-03.Tentative Millage Levy. DDA.FY 2004 RESOLUTION NO. 56-03 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, TO TENTATWELY LEVY A TAX ON ALL PROPERTIES WITHIN THE DOWNTOWN DEVELOPMENT AUTHORITY TAXING DISTRICT OF THE CITY OF DELRAY BEACH, FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO 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 $1.00 per one thousand dollars ($1,000.00) of assessed valuation is hereby tentatively levied on all taxable property within the Downtown Development Authority Taxing District of the City of Delray Beach for the fiscal year commendmg October 1, 2003, and ending September 30, 2004. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Development Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Development Authority Taxing District, and also in addition, all revenues derived by said Taxing District 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 Downtown Development Authority Taxing District of the City of Delray Beach is $220,814,501. The tentative operating millage rate of $1.00 per one thousand dollars ($1,000.00) exceeds the rolled-back rate of $0.8697 per one thousand dollars ($1,000.00) by 14.98%. Section 2. That the above tentative millage rate is adopted pursuant to Florida Statutes Section 200.065(2)(e)(2), and subject to adjustment in accordance with Section 200.065(5) of the Florida Statutes which provides that each affected taxing authority, other than municipalities, counties, school boards, and water management districts, 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 three percent (3%) with the taxable value shown on the assessment roll to be extended. Section 3. That a public hearing was held on the proposed budget on September 9, 2003. 2003. PASSED AND ADOPTED in regular session on this the 9th day of September, A'ITIEST: MAYOR City Clerk 2 RES. NO. 56-03 · SECTION I CERTIFICATE OF TAXABLE VALUE 2003 .Year PALM BEACH 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) (5) Current Year Net New Taxable Value (New ConstroC:tion - Additions+ Rehabil tatve Improvements Increasing Assessed Value By At Least 100% + Annexations - Deletior{s) (6) Current Year Adjusted Taxable Value (4) - (5) (7) Prior Year Final Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) I do hereby certif~ the values shown herein to be correct to the I signature at West Palm Beach, FI. , this the To Delra¥ Beach - D.D.A. (Name of Taxing Authority) 220,814,501 0 0 220,814,501 3,904,422 216,910,079 188,640,639 DRY20 R.01~5 ef. Witness my hand and official Appraiser 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 4)-. SECTION' II (8) Prior Year Operating Millage Levy (9) Pdor Year Ad Valorem Proceeds (7) x (8) (10) Current Year Roiled-Back Rate (9) / (6) (11) Current Year Proposed Operating Millage Rate )[12) Check one (1) TYPE of Taxing Authority ~ County ~ Municipality ~ Independent Dependent 1.0000 Per $1,000 188,641 0.8697 Per $1,000 1. 0000 Per $1,000 Municipal Service ~ Multi-County Special District District Taxing Unit (13) IF DEPENDENT SPECIAL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE. (14) Current Year Millage Levy for VOTED DEBT SERVICE (15) Current Year OTHER VOTED MILLAGE I DEPENDENT SPECIAL DISTRICTS SKIP lines (16) through (22)~ (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) (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) / (4) (22} Current Year Proposed Rate as a PERCENT CHANGE OF Rolled-back Rate: [(Line 21 / Line 18) - 1.00] x 100 Water Management District Per $1.000 $ -0- Per $1,000 $ n/a $ n/a $ n/a Per $1,000 $ n/a $ n/a $ n/a Per $t.000 n/a % Date, Time and Place of the first Public Budget Hearing: I do bemby ~ ~e millng~ and mt~ sho~ heroin te ~ ~ to ~e best of my kno~edge and b~lef. FURTHER, I ~ ~a~ all mlllages ~mply ~ ~e pro~sions of Se~on 200.071 or 200.081. F.S. WITNESS my ~nd and o~dal Ngn~um a~ Delrmy Beach , Florida. ~is ~e ~ da~f .T. 1 ~ sIg~ man eofChlef~minis~fiveOffi~rX C~ty ManaRer S~e Addr~ ~ Phalli L~aon September 9. 2003. 7:00 p.m.. City ,2003 100 1~' let Avenue Mailing Address Joseph M. Safford. Director of Flnnnre Name of Co~tect Ps.on Delra¥ Beach. FL 33444 ~Rt-2/,q-Ttl& q¢l-9/,q_71RR City State Zip Phcme Number Fa~ Nu-m b~f ..... SEE INSTRUCTIONS ON REVERSE SIDE D~)WNTOWN/D ,EVELOPMENT AUTHORITY INCOMEJEXPENDITURE EST]MATE TO 9/30/03 Plan Actual Actual Budget Under/ ! Yr End ! Plan Revenue: 2002/03 June only To Data I~ 8/30/0; (Over) I Estimate ! 2003/04 Budget Ad Valorum'TaXes 180,065 690 174,215 174,000 (215) I 192,065 ! 209,773 Interest (CD's about$5,500) , 6,000 26 413 415 2 I 6,000 I 7,000 Other revenue 1,829 0 (1,829) I 1,829 I Total Revenue to date 186,068 716 176,457 ! t74,415 (2,042) I 199,894 ! 2t6,773 I I Expseees: I Downtown Joint Venture 60,000 47,500 45,000 (2,500) I 62,500 I 60,000 special Projects Assistant 31,700 23,775 23,775 0 I 32,700 I 31,700 Office Expenses: I I Equipment & Supply 1,500 56 315 i 310 (5) I 1,500 I 1,500 Printing & Postages 1,850 1,215 ! 1,350 135 I 1,850 I 2,000 Rental 2,400 2,400: 2,400 0 I 2,400 ! 2,400 Bank Cha~es 150 8 110 102 I 150 I 150 Bookkeeping Fees 800 56 520 600 80 I 800 I 800 Dues, Subscriptions & Fees 2,000 1,091 1,100 9 I 2,000 I 1,000 Extsmal Auditors' Fees 4,500 4,500 4,500 0 I 4,500 I 4,500 Insurance 6,335 3,840 4,700 860 ! 5,120 I 6,335 Property Appraiser's Charges 1,858 1,391 1,390 (1) I 1,858 I 1,949 Travel & Meetings 3,000 28 3,891 3,000 (891) I 3,891 I 5,000 Sub-Total Oper. I Office Exps t16,093 140 90,446 88,236 (2,21t) I 119,269 I 117,334 I Chamber & C100 Dues 775 500 776 775 (1) ! 776 I 1,000 Downtown Map Sponsorship 17,500 14,530 14,530 0 I 17,500 I 17,500 Econ. Develop. Pineapple Grove 5,000 5~000 5,000 0 ! 5~000 I 5,000 Economic Develop. W^RC 5,000 5,000 ! 5,000 I 5,000 Holiday Tree Expense 15,000 15,500 15 000 0 I 15,000 I 15,000 Promotions & Grants*** 12,000 10,800 10,800 0 I 12,000 I 10,000 Reserve Marketing: 57.750 42,750 7,507 I 57,750 I 60,000 Web Site Development & Exps 2,000 I I Travel Host Magazine 2,674 12,507 I I Film Book Advertising 2,160 t I 1/2 Xmes/FN Promo Video 1,750 I FL USA 2003 Media Placement 1,800 9,057 I I "How to get here" Inserts 4,224 ! I First Night & P/Grove Bed Race 3,500 I I Miscellaneous 45 I ! Sub Total Market & Promo, 1t3,025 4,974 86,349 88,856 7,596 I i13,026 ! 113,80~ ! Reserve Banners 15,000 4,000 4,000 ' 0 I '15,000 ! 51000 Reserve Clean & Safe 25,000 11,478 11,500 22 I 25,000 ! 35,000 Reserve Lights 15,000 16,687 15,000 (1,687) ! 20,000 I 15,000 Reserve Sidestmets 0 ! 0 I Reserve Sign System 3,000 4,856 3,000 (1,8561 ! 5,000 I 3,000 Sub Total Reserve Accounts 58,000 0 37,021 33,800 (3,521) ! 65,000 I 58,000 I I Total EXPenses to date 287,118 8,1t4 213,816 210,690 t,774 I 297,296 I 288,834 · ' ! I Tol P~evenue Over/(Under) to d;:(10~1,053) (4,398) (37,359) (36,175) 1,194 I (97 401) I (72,061) Funds brought fwd t0/t/02 t97,471~ 197,47t t97,47t 100,070 TOtal Funda carried fwd 96.418 160.t12 100.070 28.009 *~ Qmen'llktf;t $1,500/ EPOCH $1.00Q/Gadlc Fest $1.000/ Basketball Tnm~t $500/Toussant $500/Clnco da Mayo $1,~ S~ul Delray $1,000/FIIm Fest $1,800/GIo~ Award $1,000/Sister Cities $500/Fed Black Admtn $1 .O~0