Res 106-92 RESOLUTION NO. 106-92
A RESOLUTION OF %HE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, TO LEVY A T;D( 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 $6.2000 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, 1992,
and terminating September 30, 1993, the assessed valuation on all
taxable property for operating purposes within the City of Delray
Beach being $2,506,918,853 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 $6.2000 per one thousand dollars ($1,000.00) is less than roll back
rate of $6.3590 per one thousand dollars ($1,000.00) by $0.1590 per
one thousand dollars ($1,000.00) which is 2.5000% less than the rolled
back rate.
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
$2,250,295 and that there is hereby appropriated for the payment
thereof, all revenues derived from the tax levy of $0.9500 per one
thousand dollars ($1,000.00) of assessed valuation, which is hereby
levied for that purpose for the fiscal year commencing October 1,
1992, and terminating September 30, 1993, upon the taxable property of
the City of Delray Beach, the assessed valuation being $2,506,918,853.
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 8, 1992, and September 22, 1992.
PASSED AND ADOPTED in regular session on this the 22nd day
of September, 1992.
ATTEST:
~ity Cl~k ~
MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: CITY MANAGER
SUBJECT: AGENDA ITEM #/OA - MEETING OF SEPTEMBER 22, 1992
RESOLUTION NO. 106-92
DATE: SEPTEMBER 18, 1992
This is a resolution to levy a tax on all properties within the
City of Delray Beach for maintenance and operation, to levy a tax
for the payment of principal and interest on bonded indebtedness,
and to appropriate said collections thereunder.
Recommend approval of Resolution No. 106-92.