Res 13-75 RESOLUTION NO. 13-75·
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRA¥
BEACH, FLORIDA SUPPORTING THE REPORT OF THE AD HOC
· COMMITTEE ON SCHOOL CONSTRUCTION FINANCING, APPOINTED
BY THE PALM BEACH COUNTY SCHOOL BOARD, RECOMMENDING A
.4 PERCENT TAX ON THE SALES PRICE OF REAL PROPERTY
TRANSFERS.
WHEREAS, there is a critical need for a new source 6f revenue, to
finance renovation of existing schools and new school construction; and
WHEREAS, in'Palm Beach County, Florida, the current need for such fund:
exceeds the sources for such financing by an excess of 100 million dollars;
and
WHEREAS, the Palm Beach County School Board in July, 1974, appointed
an Ad Hoc Committee to study this problem; and ·
WHEREAS, the Ad Hoc Committee on School Construction Financing .has
recommended that a general law be enacted by the Florida Legislature to permi~
.local government agencies, after a referendum approving the same, to impose a
real estate transfer tax on sales of real property at the rate of .4 o'f one
percent of the sales price. The money to be derived from this tax to be used
solely by the taxing authority for renovation of existing schools and con-
struction of new school facilities,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DELRAY BEACH, FLORIDA, AS FOLLOWS:
SECTION 1. That the City Councii o~ the City of Delray Beach, Florida
acknowledges the critical need for a new source of school construction
financing and hereby adopts the foregoing recitals.
SECTION 2. That the State of Florida Legislature is hereby urgently re
quested to consider the recommendation of the aforesaid Ad Hoc Committee
and the advisability of enacting a general law to effectuate its recommenda-
tions.
SECTION 3. That copies of this Resolution be forwarded to the Palm
Beach County Legislative Delegation.
PASSED AND ADOPTED in regular session on this the 24th day of February~
1975.
ATTEST:
~ City Clerk