Res 38-87 RESOLUTION NO. 38-87
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DELRA¥ BEACH· FLORIDA, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRAY BEACH· FLORIDA,
FOR MAINTENANCE ~ OPERATION, AND TO LEVY A TAX FOR
THE PAYMENT OF PRINCIPAL AND INTEREST ON BOltED
INDEBTEDNESS· AI~ TO ALLOCATE AND APPROPRIATE SAID
COLLECTIONS THEREUNDER.
NOW· THEREFORE· BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DELRAY BEACH· FLORIDA· AS FOLLOWS:
Section 1. That there shall be and hereby ~s appropriated for
the General Fund operations of the City revenue derived from the tax of
$5.2991 per one thousand ($1,000) dollars of assessed valuation which is
hereby levied on all taxeble property within the City of Delr~ Beach
for the fiscal year commencing October 1, 1987· and terminating
September 30, 1988· the assessed valuation on all taxable property for
operating purposes within the City of Delray Beach being $1·854·474·065·
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 $5.2991 per one thousand ($1·000) dollars
does exceed roll back of $5.0220 per one thousand ($1·000) by $0.2771
per one thousand ($1·000) dollars which is 105.5177Z 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
tion bonded indebtedness of the City of DeltaF Beach is $1, 234,651.
that there is hereby appropriated for the pe~ent t~ereof, all re~e~ef
derived from the tentative tax lev~ o~ $0.;009 per o~e thousand ($I,000)
dollars of assessed valuation, which is hereby levied for that purpose
for the fiscal year commencing O~tober 1. 1987. a~4 terminating Septem-
ber 30, 1988. upon the taxable property of the City of DeltaF Beach. the
assessed valuation being $1·854·474·065.
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 authorit~ as certified pursuant to subsection (1) is at
variance from the taxable value show~ on the roll to he extended.
Section 4. That Public Hearings were held on the Tax Le~,] and
the Budget on Sept,mher 8· 1987 and September 22, 1987.
PASSED AND ADOPTED in regular session on this 22nd day of
September, 1987,
ATTEST:
to cit'y Cler