Res 72-85 RESOLUTION NO. 72-85
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 APPRO-
PRIATE 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 4.9781 mills per one
($1.00) dollar 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,
1985, and terminating September 30, 1986, the assessed valuation on all taxable
property for operating purposes within the City of Delray Beach being $1,646,487,429,
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 le-v-y for current bond service and that part of collection of delinquent
taxes levied for bond service. The tentative operating millage rate of 4.9781 mills does
exceed roll back of 4.4398 by 0.5383 mills which is 112.12% 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 $926,619, and that there is hereby appropriated for the
payment thereof, all revenues derived from the tentative tax levy of .5924 mills per one
($1.00) dollar of assessed valuation, which is hereby levied for that purpose for the
fiscal year commencing October 1, 1985, and terminating September 30, 1986, upon the
taxable property of the City of Delray Beach, the assessed valuation being
$1,646,487,429.
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 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 10,
1985.
PASSED AND ADOPTED in regular session on this the 10th day of September,
1985.
MAYOR / ~
ATTEST:
Ci~ Clerk