Res 88-90 RESOLUTION NO. 88-90
A ~SOLUTION 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
$6.6286 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, 1990, and
terminating September 30, 1991, the assessed valuation on all taxable
property for o~rating purposes within the City of Delray Beach being
$2,388,234,311, 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 t~es
levied for bond service. The tentative operating millage rate
of
$6.6286 per one thousand ($1,000) dollars does exceed roll back of
$5.3875 per one thousand ($1,000) dollars by $1.2411 per one thousand
($1,000) dollars which is 23.0626% of the rolled back rate.
Section 2. That 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
$2,271,999, and that there is hereby appropriated for the payment
thereof, all revenues derived from the tentative tax levy of $1.0014 per
one thousand ($1,000) dollars of assessed valuation, which is hereby
levied for that purpose for the fiscal year commencing October 1, 1990,
and terminating September 30, 1991, upon the t~able property of the
City of Delray Beach, the assessed valuation being $2,388,234,311.
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 t~ing authority as certified pursuant to subsection
(1) is at variance from the taxable value shown on the roll to be
extended.
Section 4. That a Public Hearing was held on the Budget on
September 11, 1990.
PASSED AND ADOPTED in regular session on this the llth day of
September, 1990.
-City Clerk