Res 66-91 RESOLUTION NO. 66-91
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
$6.2000 per one thousand ($1,000) dollars 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, 1991, and
terminating September 30, 1992, the assessed valuation on all taxable
property for operating purposes within the City of Delray Beach being
$2,536,134,352 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
$6.2000 per one thousand ($1,000) dollars does exceed roll back of
$5.8593 per one thousand ($1,000) by $0.3407 per one thousand ($1,000)
dollars which is 5.8147% of 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 $2,288,861
and that there is hereby appropriated for the payment thereof, all
revenues derived from the tentative tax levy of $0.9500 per one thousand
($1,000) dollars of assessed valuation, which is hereby levied for that
purpose for the fiscal year commencing October 1, 1991, and terminating
September 30, 1992, upon the taxable property of the City of Delray
Beach, the assessed valuation being $2,536,134,352.
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 three (3) percent 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 10, 1991.
PASSED AND ADOPTED in regular session on this the 10th day of
September, 1991.
ATTEST:
City C~erk '