Res 51-86 RESOLUTION NO. 51-86
A RESOLUTION OF THE CTTY COUNCIL OF THE CITY OF
DELRAY BEACH, FLOR[DA, TO LEVY A TAX ON ALL
PROPERTIES WiTHiN THE CITY OF DELl:lAY BEACH, FLOR[DA,
FOR NA[NTENANCE AND OPERAT1'ON, AND TO LEVY A TAX FOR
THE PAYNENT OF PR[NC[PAL AND INTEREST ON BONDED
INDEBTEDNESS, AND TO ALLOCATE AND APPROPRTATE SAiD
COLLECTIONS THEREUNDER.
NOW, THEREFORE, BE ]'T RESOLVED BY THE CiTY COUNCIL OF THE CiTY
OF DELRAY BEACH, FLOR[DA, AS FOLL0111/S:
Section 1. That there shall be and hereby is appropriated for
the General Fund of the City revenue derived from the tax of $5.8124 per
one thousand' dollars ($1,000.00) of assessed valuation which is hereby
levied on all taxable property within the CiTy of Delray Beach for the
fiscal year commencin8 October 1, 1986, and terminatin8 Sept--,her 30,
1987, the assessed valuation on all taxable properTy for operatin8
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 operating millage rate of 5.0925 mills does exceed roll back of
4.78107 by 0.31143 mills which is 106.5138Z 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 oblisa-
tion bonded indebtedness of the City of Oelray Beach is $1,228,563. and
that there is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.7199 per one thousand dollars
($1,000.00) of assessed valuation, which is hereby levied for that
purpose for the f~scal year commencing October 1, 1986, and terminating
Sept~her 30, 1987, upon the taxable properTy of the City of Delray
Beach, the assessed valuation bein$ $1,796,450,709.
Section .~o .That the above m~l!ase rates ,we ed.c?t._~4, mvb2.'.ec~
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 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 and Sept---her 23, 1986.
PASSED AHD N)OPTED in regular session on this 23rd day of
ArrEST ~
~ Cit~ Clerk