Res 107-92 RESOLUTION NO. 107-92
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, TO LEVY A TAX ON ~L
PROPERTIES WITHIN THE DOWNTOWN DEVELOP~NT AUTHORITY
TAXING DISTRICT OF THE CITY OF DELRAY BEACH, FLORIDA,
FOR MAINTENANCE AND OPERATION, AND TO APPROPRIATE
SAID COLLECTIONS THEREU~ER.
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 $1.0000 per one thousand dollars ($1,000.00) of assessed
valuation which is hereby 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, 1992, and terminating
September 30, 1993, the assessed valuation on all taxable property for
operating purposes within the Downtown Development Authority Taxing
District of the City of Delray Beach being $30,616,709 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 $1.0000 per one thousand
dollars ($1,000.00) does exceed roll back rate of $0.9130 per one
thousand dollars ($1,000.00) by $0.0870 per one thousand dollars
($1,000.00) which is 9.5290% of the rolled back rate.
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 8, 1992, and September 22, 1992.
PASSED AND ~OPTED in regular session on this the 22nd day
of September, 1992.
ATTEST:
City ci~-~ ~
MEMORANDUM
TO: MAYOR AND CITY COMMISSIONERS
FROM: I~CITY MANAGER
ITEM #/~- MEETING OF SEPTEMBER 22, 1992
SUBJECT:
AGENDA
RESOLUTION NO. 107-92
DATE: SEPTEMBER 18, 1992
This is a resolution to levy a tax on all properties within the
Downtown Development Authority Taxing District of the City of
Delray Beach for maintenance and operation, and to appropriate
said collections thereunder.
Recommend approval of Resolution No. 107-92.