Res 70-91 RESOLUTION NO. 70-91
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
$6.2000 per one thousand ($1,000) dollars of assessed valuation which is
hereby 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 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 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 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, September 24, 1991 and October 8, 1991.
PASSED AND ADOPTED in regular session on this the 8th day of
October, 1991.
ATTEST:
City Cl~k /