Res 69-95 RESOLUTION NO. 69-95
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, TO 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
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 $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 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 1.19%.
~ 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.
~ That public hearings were held on the proposed
budget on September 5, 1995, and September 19, 1995.
PASSED AND ADOPTED in regular session on this the 19th day of
Clty Cler~ '
MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: ~I/CITY MANAGER
SUBJECT: AGENDA ITEM # /O' ~= MEETING OF SEPTEMBER 19. 1995
RESOLUTION NO. 69-95
DATE: SEPTEMBER 15, 1995
Resolution No. 69-95 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 millage exceeds the 0.84 roll back
rate calculated under the TRIM law by 1.19%.
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. 69-95.
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