Res 53-98 RESOLUTION NO. 53-98
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, 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 $6.91 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, 1998, and ending September 30, 1999. 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 $2,974,383,492. The tentative
operating millage rate of $6.91 per one thousand dollars ($1,000.00)
exceeds the rolled-back rate of $6.61 per one thousand dollars
($1,000.00) by 4.54%.
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
$2,233,280. There is hereby appropriated for the payment thereof,
all revenues derived from the tentative tax levy of $0.79 per one
thousand dollars ($1,000.00) of assessed valuation, which is hereby
levied for that purpose for the fiscal year commencing October 1,
1998, and ending September 30, 1999, upon the taxable property of the
City of Delray Beach, the assessed valuation being $2,974,383,492.
Section 3. 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 Septe~er 15, 1998.
PASSED ~ ~OPTED in regular session on this the 15th day
of Septe~er, 1998.
ATTEST:
~City C~rk
- 2 - Res. No. 53-98
MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER~/1
SUBJECT: AGENDA ITEM /0~- REGULAR MEETING OF SEPTEMBER 15, 1998
R SOLUTION /T NT TI
PROPERTIES IN THE CITY)
DATE: SEPTEMBER 11, 1998
Resolution No. 53-98 tentatively levies a tax on all properties in
the City of Delray Beach for FY 1999 as follows:
6.91 mills for operation and maintenance of the General Fund
0.79 mills for the payment of principal and
interest on bonded indebtedness
7.70 mills Tentative millage rate
The tentative millage rate of 7.70 mills is one-tenth of a mill
less than FY 1998. The rolled back rate calculated under the TRIM
law for operating purposes is 6.61 mills. The tentative millage
rate is 4.54% above the rolled back rate.
Pursuant to the City's Charter and TRIM requirements, a public
hearing must be held prior to the adoption of the resolution.
Final adoption of the FY 1999 budget is scheduled for September
22, 1998.
ref:agmemol9
RESOLUTION NO. 53-98
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, 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 $6.91 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, 1998, and ending September 30, 1999. 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 $ 2~!a!~iF~,~. The tentative
operating millage rate of $6..91 per one Jthousand dollars ($1,000.00)
exceeds the rolled-back rate of $~! per one thousand dollars
($1,000.00) by ~q %.
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
$ ~,~ There is hereby appropriated for the payment thereof,
all revenues derived from the tentative tax levy of $0.79 per one
thousand dollars ($1,000.00) of assessed valuation, which is hereby
levied for that purpose for the fiscal year commencing October 1,
1998, and ending September 30, 1999, upon the taxable property of the
City of Delray Beach, the assessed valuation being $ ~,97~,3~~.
Section 3. 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 15, 1998.
PASSED AND ADOPTED in regular session on this the 15th day
of September, 1998.
MAYOR
ATTEST:
City Clerk
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