Res 80-93 RESOLUTION NO. 80-93
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 $6.86 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, 1993, and ending September 30, 1994; the assessed valuation on all
taxable property for operating purposes within the City of Delray
Beach being $2,461,544,953; 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 $6.86 per one thousand dollars ($1,000.00) exceeds the
roll back rate of $6.31 per one thousand dollars ($1,000.00) by 8.7%.
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
$2,668,520 and that there is hereby appropriated for the payment
thereof, all revenues derived from the tentative tax levy of $1.14 per
one thousand dollars ($1,000.00) of assessed valuation, which is
hereby levied for that purpose for the fiscal year commencing October
1, 1993, and ending September 30, 1994, upon the taxable property of
the City of Delray Beach, the assessed valuation being $2,461,544,953
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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 each affected taxing
authority 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 14, 1993.
PASSED AND ADOPTED in regular session on this the 14th day
of Septe~er, 1993.
ATTEST:
Acting City Clerk
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