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Res 65-97 RESOLUTION NO. 65-97 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, TO TENTATIVELY 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 commencing October 1, 1997, and ending September 30, 1998. 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 $102,656,563. The tentative operating millage rate of $1.00 per one thousand dollars ($i,000.00) exceeds the rolled-back rate of $0.98 per one thousand dollars ($1,000.00) by 1.90%. Section 2. That the above 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, 1997. PASSED AND ADOPTED in regular session on this the 9th day of September, 1997. ~A~ A~TEST: _ I, , / · --- ~City C~rk ! MEMORANDUM TO: Joe Safford, Finance Director FROM: Alison MacGregor Harty, City Clerk~l'~ SUBJECT: Budget Resolutions (Tentative) - FY 1998 DATE: September 15, 1997 Attached for your file are executed copies of the following: Resolution No. 64-97 (tentative millage levy) Resolution No. 65-97 (tentative millage levy/DDA) Resolution No. 66-97 (adopting tentative budget) These resolutions were passed and adopted by the City Commission on September 9, 1997. If you have any questions, please do not hesitate to contact me. AMH/m Attachment cc: Regina Frazier, Budget Administrator Barbara Garito, Deputy City Clerk MEMORANDUM TO: MAYOR AND CITY COMMISSIONERS ~RO~: CIT~ ~A~R ~:1 R~s0L~IoN No. ~7 ~T~NT~TIV~ ~IL~ L~ ON ALL PROPERTIES IN THE DDA T~ING DISTRICT) DATE: SEPTEMBER 5, 1997 Resolution No. 65-97 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 1998. This tentative millage exceeds the 0.98 rolled back rate calculated under the TRIM law by 1.90%. Per TRIM requirements, tax levies for dependent special taxing districts such as the DDA must be separately discussed and adopted at the public hearing. Recommend approval of Resolution No. 65-97. Final adoption of the DDA tax levy for FY 1998 is scheduled for September 23, 1997. ref:agmemol7 CERTIFICATION OF TAXABLE VALUE SECTION I 96 n.ot/g5 Year PALM BEACH County To DELRAY BEACH - D.D.A. (Name of Taxing Autho,lly) (1) Current Year Taxable Value of Real Property for Operating Purposes $ 99,014,924 (2) Current Year Taxable Value of Personal Property for Operating Purposes $ 0 (3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes $ 0 99,014,924 (4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) $ 1,032,997 (5) Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative $ Improvements Increasing Assessed Value By At Least 100% + Annexations - Deletions) (6) Current Year Adjusted Taxable Value (4) - (5) $ 97,981,927 ' (7) Prior Year Final Gross Taxable Value $ 96,540,497 (From Prior Year Applicable Form DR-403 Series) I do hereby certify the values shown herein to be correcl to the best of my knowledge an~.bel, ief. Witness m,._y, hand and official TAXING AUTHORITY: If this portion of the form is nol completed in FULL your Authority will be denied TRIM certification and possibly lose its millage levy privilege Ior tile tax year. II any tine is inapplicable, enter N/A of -0-. SECTION II (8) Prior Year Operating Millage Levy $ , <~" per $1,000 (9) Prior Year Ad Valorem Proceeds (7)x (8) $ (10) Current Year Rolled-Back Rate (9) + (6) $. .t <~~/.~'" per $1,000 (11) Current Year Proposed Operating Millage Rate $. I ~ 00¢~ . per $1,000 (12) Check one (1)TYPE o! Taxing Authority: ~/Dependent [~]County F'~-'] Municipality I--'/--] Independent Municipal Service Multi-County Special District ' ' Special District ' 'Taxing Unit ' ' (13) IF DEPENDENT SPECIAL DISTRICT OR MS'I-U IS MARKED, PLEASE SEE REVERSE SIDE. (14) Current Year Millage Levy for VOTED DEBT SERVICE $. --~ ~' per $1,000 (15) Current Year OTHER VOTED MILLAGE $. ~" per $1,000 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) (I7) Total Prior Year Proceeds: (9) + (16) $ (18) The Current Year Aggregate Rolled-back Rate: (17) + (6) $ I~1 (?~ per $1,000 (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) $_ ~ Q' per $1,000 (22) Current Year Proposed Rate as a PERCENT CHANGE of Rolled-back Rate: ~ ~1 % [(Line 21 + Line 18) - 1.00] x 100 Date, 'rime and Place of the first Public Budget Hearing:. 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 200.071 or 200.081, F.S. WITNESS my hand and official signature at Florida, this the. day of ,19 ' lc.fAv Signature and'l'itl~ o! Chief Adminletl'atlve Olllcer Addr es o! Phyelc Location Mailing Addleal Name el Co~act~er~on City ~late Zip Phone Number F~ Number SEE INSTRUCTIONS ON R~ERSE SIDE 08/21/1997 10:47 5612780555 DB CHAMBER COMMERCE P~GE 02 08/21/1997 10:47 5612780555 DB CHAMBER COMMERCE PAGE