Res 46-86 RESOLUTION NO. 46-86
A RESOLUTION OF THE CITY COUNCIL 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 COUNCIL 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
$5.9999 mills per one ($1.00) dollar of assessed valuation which is
hereby tentatively levied on all taxable property within the City of
Delray ~each for the fiscal year commencinE October 1, 1986, and
terminating ~eptember 30, 1987, the assessed valuation on all taxable
property for operating purposes within the City of Delray Beach being
$1,796,450,709, 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 tentative operating millage rate of
$5.2800 mills does exceed roll back of $4.78107 by $0.49893 mills which
is 110.4355~ 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 obliga-
tion bonded indebtedness of the City of Delray Beach is $1,228,563, and
that there is hereby appropriated for the payment thereof, all revenues
derived' from the tentative tax levy of .7199 mills per one ($1.00)
dollar of assessed valuation, which is hereby levied for that purpose
for the fiscal year commencing October 1, 1986, and terminating Septem-
ber 30, 1987, upon the taxable property of the City of Delray Beach, the
assessed valuation being $1,796,450,709.
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 adop=ed millage rate if the taxable value within the juris-
diction of the taxing 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 9, 1986.
PASSED AND ADOPTED in regular session on this 9th day of
ATTEST: %.,