Res 81-93 RESOLUTION NO. 81-93
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, through the General Fund operations of the
City, revenue derived from the tax of $1.00 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, 1993, and ending September 30, 1994; the
assessed valuation on all taxable property for operating purposes
within the Downtown Development Authority Taxing District of the City
of Delray Beach being $32,050,699; 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
$1.00 per one thousand dollars ($1,000.00) exceeds the roll back rate
of $0.95 per one thousand dollars ($1,000.00) by 5.26%.
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 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 3. 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 September, 1993. ~~
ATTEST:
Acting City Clerk