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Res 65-96 RESOLUTI(X~ NO. 65-96 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 COT,T.~ICk'qS THEREUNDER. NOW, THEREFORE, BE IT RESOLVED BY THE CITY CCt~4ISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That a tax of $1.00 per one thousa~ dollars ($1,000.00) of assessed valuation is hereby tentatively levied on all taxable property within the Downtown Develol~ent Authority Taxing District of the City of Delray Beach for the fiscal year commencing October 1, 1996, and ending September 30, 1997. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Develoi~nent Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Develolauent 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 899,014,924. The tentative operating millage rate of $1.00 per one thousand dollars ($1,000.00) exceeds the rolled-back rate of $0.84 per one thousand dollars ($1,000.00) by 19.05%. Section 2. That the above millage rate is adopted pursuant to Florida Statutes Section 200.065(2) (e) (2), aD~ 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 3, 1996. PASSED AND ADOPTED in regular session on this the 3rd day of MEMORANDUM TO: MAYOR AND CITY COMMISSIONERS FROM: CITY MANAGER~ SUBJECT: AGENDA ITEM # lO ~ - MEETING OF SEPTEMBER 3, 1996 RESOLUTION NO. 65-96 (TENTATIVE DDA TAX LEVY) DATE: AUGUST 30, 1996 Resolution No. 65-96 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 fiscal year 1996/97 for operation and maintenance, and appropriates the collections thereunder to the DDA. This tentative millage exceeds the 0.84 rolled back rate calculated under the TRIM law by 19.05 percent. 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. 65-96. Final adoption of the DDA tax levy for FY 1996/97 is scheduled for September 17, 1996. Nl-~ri~C~ 199~ September 17, 1996 Ms. Marjorie Ferrer Executive Director Downtown Development Authority 64 S.E. 5th Avenue Delray Beach, FL 33483 Re: Resolution No. 65-96 Dear Marjorie: Enclosed for your information and file is a certified copy of Resolution No. 65-96, tentatively levying a tax on all properties with/n the DDA taxing district. This resolution was passed and adopted by the City Commission on September 3, 1996. If you have any questions, please do not hesitate to contact me at 243-7050. Sincerely, Alison MacGregor Harty City Clerk AMH/m Enclosure THE EFFORT ALWAYS MATTERS Pr,nte.~ on Rec),cte¢ Pa,De; [i1¥ DF DEi, Ri:i¥ BEi:i£ DELP~.Y BEACH ~ CITY CLERK ,00 N.W. 15! AVENUE. DELRAY BEACH. FLORIDA 33444. 407/243-7000 AII-Amedca City 993 CERTIFICATION I, ALISON MacGREGOR HARTY, City Clerk of the City of Delray Beach, Florida, do hereby certify that the attached document is a true and correct copy of Resolution No. 65-96, tentatively levying a tax on all properties within the Downtown Develolm~ent Authority Taxing District. Resolution No. 65-96 was passed and adopted by the Delray Beach City Commission in regular session on the 3rd day of September, 1996. IN WITNESS WHEREOF, I have hereunto set my hand and the official seal of the City of Delray Beach, Florida, on this the 17th day of September, 1996. Alison Mac~regorHa~cy ' City Clerk City of Delray Beach, Florida (SEAL) THE EFFORT ALWAYS MATTERS RESOLUTION NO. 65-96 A RESOLUTION OF THE CITY (X~4MISSIfkN OF THE CITY OF DELRAY BEACH, FLORIDA, TO TENTATIVELY LEVY A TAX PROPERTIES WITHIN THE DOWNTOWN DEVEL~W~T AUTHORITY TAXING DISTRICT OF THE CITY OF DELRAY BEACH, FLORIDA, FOR MAINTENANCE AND OPERATION, AND TO APPROPRIATE SAID 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, 1996, and end/ng September 30, 1997. There shall be and hereby is appropriated for the purpose of financing the operation of the Downtown Develolm~ent Authority Taxing District revenue derived from said tax for operating and maintenance expenses of the Downtown Develolm~ent 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 Develolmnent Authority Taxing District of the City of Delray Beach is $99,014,924. The tentative operating millage rate of $1.00 per one thousand dollars ($1,000.00) exceeds the rolled-back rate of $0.84 per one thousand dollars ($1,000.00) by 19.05%. 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 (!) is at variance by more than three percent (3%) with the taxable value shown on the assessment roll to be Sect/on 3. That a public hearing was held on the proposed budget on September 3, 1996. PASSED AND ADOPTED in regular session on %his the 3rd day of September, 1996. A~: I:ITV Oi: DELRi:iV BEI:i£H DELRAY BEACH ~ CITY CLERK ,00 N.w. l stAVENUE. DELRAY BEACH, FLORIDA 33444.407/243-7000 t993 September 17, 1996 I~. Marjorie Ferrer Executive Director Downtown Develolz~ent Authority 64 S.E. 5th Avenue Delray Beach, FL 33483 Re: Resolution No. 65-96 Dear Marjorie: Enclosed for your information and file is a certified copy of Resolution No. 65-96, tentatively levying a tax on all properties within the DDA taxing district. This resolution w~s passed and adopted by the City Commission on September 3, 1996. If you have any questions, please do not hesitate to contact me at 243-7050. Sincerely, Alison MacGregor Harty City Clerk aMH/m Enclosure THE EFFORT ALWAYS MATTERS