Res 62-95 RESOLUTION NO. 62-95
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 there shall be and hereby is appropriated
for the General Fund operations of the City revenue derived from the
tax of $6.87 per one thousand dollars ($1,000.00) of assessed
valuation which is hereby tentatively levied on all taxable property
within the City of Delray Beach for the fiscal year commencing October
1, 1995, and ending September 30, 1996; the assessed valuation on all
taxable property for operating purposes within the City of Delray
Beach being $2,548,988,739; for operating and for 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 tentative operating
millage rate of $6.87 per one thousand dollars ($1,000.00) exceeds the
rolled-back rate of $6.79 per one thousand dollars ($1,000.00) by
1.16%.
~ That the amount ~f 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
$2,486,166 and that there is hereby appropriated for the payment
thereof, all revenues derived from the tentative tax levy of $1.03 per
one thousand dollars ($1,000.00) of assessed valuation, which is
hereby levied for that purpose for the fiscal year commencing October
1, 1995, and ending September 30, 1996, upon the taxable property of
the City of Delray Beach, the assessed valuation being $2,548,988,739.
~_~ 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 roll to be extended.
~gfJJu~4_~ That a public hearing was held on the proposed
budget on September 5, 1995.
PASSED AND'ADOPTED in regular session on this the 5th day of
September, 1995.
ATTEST:
e~i~y cie~k
- 2 - Res. No.
MEMORANDUM '
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER~
SUBJECT: AGENDA ITEM ~ IO.8.- MEETING OF SEPTEMBER 5. 1995
RESOLUTION NO. 62-95
DATE: AUGUST 31, 1995
Resolution No. 61-95 tentatively levies a tax on all properties
in the City of Delray Beach for fiscal year 1995/96 as follows:
6.87 mills for operation and maintenance of the General Fund
1.03 mills for the payment of principal and
interest on bonded indebtedness
7.90 mills Tentative millage rate
The tentative millage rate of 7.90 mills is 0.05 mills less than
last year's rate of 7.95 mills. The roll back rate calculated
under the TRIM law for operating purposes is 6.79 mills. The
tentative millage rate is 1.16% above the roll back rate.
Pursuant to the City's Charter and TRIM requirements, a public
hearing must be held prior to the adoption of the proposed
millage rate. Staff will make a brief presentation to open the
public hearing.
Recommend approval of Resolution No. 62-95. Final adoption of
the budget for FY 1995/96 is scheduled for September 19, 1995.
ref: agmemo7
RESOLUTION NO. 62-95
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 there shall be and hereby is appropriated
for the General Fund operations of the City revenue derived from the
tax of $6.87 per one thousand dollars ($1,000.00) of assessed
valuation which is hereby tentatively levied on all taxable property
within the City of Delray Beach for the fiscal year commencing October
1, 1995, and ending September 30, 1996; the assessed valuation on all
taxable property for operating purposes within the City of Delray
Beach being $ ~,~j ~'~i ~,,~ ~; for operating and for 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 tentative.
operating millage rate of $6.87 per one thousand dollars ($1,000.00)
exceeds the rolled-back rate of $A3~ per one thousand dollars
($1,000.00) by L./~%.~ '-'--i
Section 2. That the amount of money necessary to be raised
for interest charges and bond redemption which constitutes a general
obligatign bonded indebtedness of the City of Delray Beach is
$ ~2.,~.~3t.~:~ and that there is hereby appropriated for the
payment thereof, all revenues derived from the tentative tax levy of
$1.03 per one thousand dollars ($1,000.00) of assessed valuation,
which is hereby levied for that purpose for the fiscal year commencing
October 1, 1995, and ending September 30, 1996, upon the taxable
property of the City of Delray Beach, the assessed valuation being
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 roll to be extended.
Section 4. That a public hearing was held on the proposed
budget on September 5, 1995.
PASSED AND ADOPTED in regular session on this the 5th day of
September, 1995.
MAYOR
ATTEST:
City Clerk