Res 63-95 RESOLUTION NO. 63-95
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:
~ That there shall be and hereby is appropriated
for the purpose of financing the operation of the Downtown Development
Authority Taxing District, revenue derived from the tax of $0.85 per
one thousand dollars ($1,000.00) of assessed valuation which 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 c.ommencing October 1, 1995, and ending September 30,
1996; the assessed valuation on all taxable property for operating
purposes within the Downtown Development Authority Taxing District of
the City of Delray Beach being $97,731,023; for operating and for
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 tentative operating
millage rate of $0.85 per one thousand dollars ($1,000.00) exceeds the
rolled-back rate of $0.84 per one thousand dollars ($1,000.00) by
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 roll to be extended.
Section 3. That a public hearing was held on the proposed
budget on September 5, 1995.
PASSED AND ADOPTED in regular s ' 5th day of
September, 1995.
RESOLUTION NO. 63-95
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 there shall be and hereby is appropriated
for the purpose of financing the operation of the Downtown Development
Authority Taxing District, revenue derived from the tax of $0.85 per
one thousand dollars ($1,000.00) of assessed valuation which 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, 1995, and ending September 30,
1996; the assessed valuation on all taxable property for operating
purposes within the Downtown Development Authority Taxing District of
the City of Delray Beach being $ ~~l~.~'~ for operating and for
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 tentative operating
millage rate of $0.85pe~one thousand dollars ($1,000.00) exceeds the
rolled~back rate of$~,~ per one thousand dollars ($1,000.00) by
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 roll to be extended.
Section 3. 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
MEMORANpUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER~
SUBJECT: AGENDA ITEM # I~.~.- MEETIN~ OF SEPTEMBER 5, 1995
RESOLUTION NO. 63-95
DATE: AUGUST 31, 1995
Resolution No. 63-95 tentatively levies a tax in the amount of
0.85 mills on all properties within the Downtown Development
Authority Taxing District of the City of Delray Beach for fiscal
year 1995/96 for operation and maintenance, and appropriates the
collections thereunder to the DDA. This tentative millage
exceeds the 0.84 roll back rate calculated under the TRIM law by
1.18%.
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. 63-95. Final adoption of
the DDA tax levy for FY 1994/95 is scheduled for September 19,
1995.
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