Res 75-94 RESOLUTION NO. 75-94
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, TO LEVY A TAX ON ALL PROPERTIES
WITHIN THE CITY OF DELRAY BEACH, FLORIDA, FOR
MAINTENANCE AND OPERATION, AND TO 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 $6.88 per one thousand dollars ($1,000.00) of assessed valuation
which is hereby levied on all taxable .property within the City of
Delray Beach for the fiscal year oommen~ing October 1, 1994, and ending
September 30, 1995; the assessed valUation on all taxable property for
operating purposes within the City of Delray Beach being
$2,480,167,323; 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 operating millage rate of $6.88 per
one thousand dollars ($1,000.00) exceeds the rolled-back rate of $6.82
per one thousand dollars ($1,000.00) by 0.9%.
Section 2. That the amount of 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
$2,515,915 and that there is hereby appropriated for the payment
thereof, all revenues derived from the tax levy of $1.07 per one
thousand dollars ($1,000.00) of assessed valuation, which is hereby
levied for that purpose for the fiscal year commencing October 1, 1994,
and ending September 30, 1995, upon the taxable property of the City of
Delray Beach, the assessed valuation being $2,480,167,323.
SectiQ~ ~, That the above 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 public hearings were held on the proposed
budget on September 13, 1994, and on September 27, 1994.
PASSED AND ADOPTED in regular session on this the 27th day of
September, 1994.
ATTEST:
t~tY Cl~k~ ~
- 2 - Res. No. 75-94
MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER ~/~'~
SUBJECT: AGENDA ITEM ~ /CA - MEETING OF SEPTEMBER 27. 1994
RESOLUTION NO. 75-94
DATE: SEPTEMBER 21, 1994
Resolution No. 75-94 levies a tax on all properties in the City of
Delray Beach for fiscal year 1994/95 as follows:
6.88 mills . . for operation~and maintenance of the General Fund
1.07 mill~ for the payment of principal and
interest on bonded indebtedness
7.95 mills Millage rate
The operating millage rate of $6.88 per $1,000.00 exceeds the
rolled-back rate of $6.82 per $1,000.00 by 0.9%. Pursuant to the
City's Charter and TRIM requirements, the millage-levy resolution
must be read in full and a public hearing must be held prior to
adoption.
Recommend approval of Resolution No. 75-94.
ref:agmemo7