Res 78-85 RESOLUTION NO. 78-85
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY
BEACH, FLORIDA, TO LEVY A TAX ON ALL PROPERTIES WITHIN
THE CITY OF DELRAY BEACH, FLORIDA, FOR MAINTENANCE AND
OPERATION, AND TO 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 4.9781 mills per one
($1.00) dollar of assessed valuation which is hereby levied on all taxable property
within the City of Delra¥ 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
levy for current bond service and that part of collection of delinquent taxes levied for
bond service. The 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 t~ 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 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 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,
and September 24, 1985.
PASSED AND ADOPTED in regular session on this the 24th day of September,
1985.
ATTEST:
Cit~Clerk