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HomeMy WebLinkAboutR-2021-115 Tentative Millage RateRESOLUTION NO.2021-115 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, AS REQUIRED BY THE CITY CHARTER AND SECTION 200.065, FLORIDA STATUTES, APPROVING THE PROPOSED MILLAGE RATE NECESSARY TO BE LEVIED FOR THE FISCAL YEAR 2021-2022 FOR OPERATING PURPOSES; ESTABLISHING THE DEBT MILLAGE RATE AS APPROVED BY THE ELECTORATE; PROVIDING FOR A PUBLIC HEARING TO HEAR OBJECTIONS AND QUESTIONS CONCERNING THE MILLAGE RATE, AND AT WHICH MEETING THE QUESTIONS AND CONCERNS WILL BE ANSWERED; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Charter (Part VII, Article 1, Section 2) of the City of Dania Beach, Florida, and state law (Florida Statutes, Section 200.065) require that the City Commission shall, by resolution, adopt an annual budget, determine the amount of millage necessary to be levied and publish the budget so adopted, together with a notice stating the time and place where objections and questions may be heard; and WHEREAS, the City Manager of the City of Dania Beach, Florida, has prepared and submitted to the City Commission an annual report covering the operation of the City and has set forth in it an estimate of the expenditures and revenues of the City for the ensuing year, beginning October 1, 2021, and ending September 30, 2022, with sufficient copies of such report and estimate being on file in the office of the City Clerk so that any interested party may obtain copies upon request; and WHEREAS, pursuant to the referendum approved by the voters of the City in the March 2005 General Election, the issuance of General Obligation bonds in an amount not to exceed $10,300,000.00 was authorized; and WHEREAS, the City has issued General Obligation Bonds in the total amount of $10,300,000.00, and for Fiscal Year 2021-2022 the City will be levying a debt millage equal to 0.1441 mills towards the payment of principal and interest; and WHEREAS, the City Manager has presented to the City Commission detailed information supporting the estimate, affording the City Commission a comprehensive understanding of the City Government budget and funding for the ensuing period, including expenditures for corresponding items during the last two fiscal years, and any increase and decrease in financial demands for the ensuing year, as compared with corresponding appropriations for the last (prior) fiscal year; and WHEREAS, the City Commission has met and considered the City Manager's annual report and estimate for the ensuing year; has determined and fixed the amount necessary to carry on the government of the City for the ensuing year; has prepared a tentative budget setting forth the amounts necessary to be raised for the various departments of the City; and has appropriated the necessary amounts to the various departments of the City, considering the applicable funds on hand and the estimated departmental revenues; and WHEREAS, in order to produce a sufficient sum to fund the tentative budget, it is recommended that a provisional millage of 5.9998 mills be levied against ad valorem valuation of property subject to taxation in the City of Dania Beach; and WHEREAS, the "rolled back rate" as computed in accordance with the provisions of Section 200.065(1), Florida Statutes, is 5.7890 mills; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That the proposed tentative operating millage necessary to be levied against ad valorem valuation of property subject to taxation in the City of Dania Beach to produce a sufficient sum, which, together with departmental revenue, will be adequate to pay the appropriations made in the tentative budget, is as follows: FOR OPERATING BUDGET: (GENERAL MUNICIPAL MILLAGE) 5.9998 MILLS Section 2. That the proposed millage rate is a 3.64% increase from the rolled back rate, as computed in accordance with the provisions of Section 200.065(1), Florida Statutes. Section 3. That the voted debt service millage rate is 0.1441 mills, as established in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes. Section 4. That the City's aggregate tentative millage rate is 6.1439 (a combined total millage of 5.9998 mills for operating and 0.1441 mills for debt service). Section 5. That the City Commission of the City of Dania Beach will meet on September 13, 2021, at 7:00 p.m. in the City of Dania Beach City Commission Chamber, at 100 West Dania Beach Boulevard, Dania Beach, Florida for the purpose of considering and adopting the above stated millage rate and answering questions concerning same. The City Manager shall 2 RESOLUTION #2021-115 specify the purposes for which ad valorem tax revenues are being increased, if any, over the "rolled back rate". Section 6. That all resolutions or parts of resolutions in conflict with this Resolution are repealed to the extent of such conflict. Section 7. That this Resolution shall take effect and be in force immediately upon its passage and adoption. PASSED AND ADOPTED on July 13, 2021. ATTEST: i THOMAS SCHNEIDER, CMC TAMARA JAME CITY CLERK �� �4 MAYOR /SHE�1 APPROVED AS TO FORM ND CORRECTNESS: THOM S J. I S RO CITY ATTO EY 3 RESOLUTION #2021-115