Res 90-82 RESOLUTION NO. 90-82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY
BEACH, FLORIDA, TO TENTATIVELY LEVY A TAX ON ALL PRO-
PERTIES 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 COL-
LECTIONS THEREUNDER.
NOW, THEREFORE, BE IS 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
4.7227 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, 1982, and terminating September
30, 1983, the assessed valuation on all taxable property for operating
purposes within the City of Delray Beach being $1,330,663,299, for opera-
ting and for maintenance expenses of the General Fund, and also in addi-
tion, 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
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 4.7227 mills does not exceed roll back
of 4.8158.
Section 2. That the amount of money necessary to be raised for
interest charges and bond redemption which constitutes a general obli-
gation bonded indebtedness of the City of Delray Beach is $719,925, and
that there is hereby appropriated for the partial payment thereof, all
revenues derived from the tentative tax levy of .5695 mills per one
($1.00) dollar of assessed valuation, which is hereby levied for that
purpose for the fiscal year commencing October 1, 1982, and terminating
September 30, 1983, upon the taxable property of the City of Delray Beach,
the assessed valuation being $1,330,663,299, and there is hereby appropri-
ated, if necessary, from 'the surplus sinking fund cash, sufficient monies,
which together with proceeds of said tax levy for debt, will meet the debt
requirements for the aforesaid fiscal year.
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. The adjustment
shall be such that the taxes computed by applying the adopted rate against
the certified taxable value are equal to the taxes computed by applying
the adjusted adopted rate to the taxable value on the roll to be extended.
Section 4. That a Public Hearing was held on the Budget on
September 14, 1982 and September 28, 1982.
PASSED AND ADOPTED in regular session on this the 14th day
of S~t~mS~r~ , 1982.
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