Res 92-93 RESOLUTION NO. 92-93
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 $6.86 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 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 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 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.
Section 3. That the above 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, and on September 28, 1993.
PASSED AND ADOPTED in regular session on this the 28th day
of September, 1993.
ATTEST:
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