Res 62-03RESOLUTION NO. 62-03
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON Al J,
PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO LEVY A TAX FOR THE PAYMENT OF PRINCIPAL AND
INTIdREST ON BONDED INDEBTEDNESS, AND TO
AI.I.OCATE AND APPROPRIATE SAID COLLECTIONS
THEREUNDER.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF DEEP.AY BEACH, FLORIDA, AS FOLLOWS:
Section 1, That a tax of $7.52 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, 2003, and ending September 30, 2004. 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 leW 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
$4,730,050,967. The operating millage rate of $7.52 per one thousand dollars ($1,000.00) exceeds
the rolled-back rate of $6.6911 per one thousand dollars ($1,000.00) by 12.39%.
~ 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 $2,157,382. There is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.48 per one thousand dollars ($1,000.00) of assessed valuation, which
is hereby levied for that purpose for the fiscal year commencing October 1, 2003, and ending
September 30, 2004, upon the taxable property of the City of Delray Beach, the assessed valuation
being $4,731,101,110.
Section 3. That the above millage rates are adopted subject to adjusnnent in
accordance with Section 200.065(5) of the Florida Statutes which provides that a munidpality 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 heatings were held on the proposed budget on September 9,
2003 and on September 23, 2003.
2003.
PASSED AND ADOPTED in regular session on this the 23~a day of September,
City Clerk
2 RES. NO. 62-03
CITY DF I)ELAIIY BElarH
DELRAY BEACH
Ali-America City
1993
2001
CITY CLERK
lOO N.W. 1st AVENUE
DELRAY REACH, FLORIDA 33444
CERTIFICATION
561/243-7000
I, BARBARA GARITO, City Clerk of the City of Delray Beach, do
hereby certify that the attached document is a true and correct copy of
Resolution No. 62-03, as the same was passed and adopted by the Delray
Beach City Commission in regular session on the 23rd of September, 2003.
IN WITNESS WHEREOF, I have hereunto set my hand and the
official seal of the City of Delray Beach, Florida, on this the 24th day of
September, 2003.
Barbara Garito, CMC
City Clerk
City of Delray Beach, Florida
(SEAL)
THE EFFORT ALWAYS MATTERS
Printed on Recycled Paper
MEMORANDUM
TO:
FROM:
SUBJECT:
DATE:
MAYOR AND CITY COMMISSIONERS
CITY MANAGER ~
AGENDA ITEM #\~"~i'~"'~ - REGULAR MEETING OF SEPTEMBER 2.~, 2003
RESOLUTION NO. 62-03 (MII.I.&I~E LEVY)
SEPTEMBER 19, 2003
Resolution No. 62-03 levies a tax on all properties in the City of Delray Beach for FY 2004 as follows:
7.52 mills for operation and maintenance of the General Fund
0.48 mills for the payment of principal and interest on bonded indebtedness
8.00 mi[l~ = millage l~te
The millage rate of 8.00 mills is equal to the millage for FY 2003. The rolled back rate calculated
under the TRIM law for operating purposes is 6.6911 mills. The millage rate is 12.39% above the
rolled back rate.
The assessed valuation on all taxable property within the City for operating purposes is
$4,730,050,967. The assessed valuation for debt service is $4,731,101,110. The reason for the
differential is the exemptions that were granted to historic properties in the City. They apply to
operating millage only.
P~suant to the City Charter and TRIM requirements, a public hearing must be held prior to the
adoption of the resolution.
On September 9, 2003, Commission approved a resolution tentatively lewing the millage rate at 8.00
mills, there has been no change. Recommend approval of Resolution No. 62-03.
S:\City Clerk\agenda memos \Re~.62-03.Millage lmvy. FY 2004
RESOLUTION NO. 62-03
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON Al,l,
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 COMMISSION OF
THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That a tax of $7.52 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, 2003, and ending September 30, 2004. 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 leW for current bond
service and that part of collection of delinquent taxes le~Sed for bond service. The assessed
valuation on all taxable property for operating purposes within the City of Delray Beach is
$4,730,050,967. The operating millage rate of $7.52 per one thousand dollars ($1,000.00) exceeds
the rolled-back rate of $6.6911 per one thousand dollars ($1,000.00) by 12.39%.
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 $2,157,382. There is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.48 per one thousand dollars ($1,000.00) of assessed valuation, which
is hereby levied for that purpose for the fiscal year commencing October 1, 2003, and ending
September 30, 2004, upon the taxable property of the City of Delray Beach, the assessed valuation
being $4,731,101,1 I0.
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 9,
2003 and on September 23, 2003.
2003.
PASSED AND ADOPTED in regular session on this the 23ra day of September,
MAYOR
ATI'EST:
City Clerk
2 RES. NO. 62-03