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HomeMy WebLinkAboutR-2006-153 Tentative Millage Rate RESOLUTION NO.2006-153 A RESOLUTION 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 2006-07 FOR OPERATING PURPOSES; ESTABLISHING THE DEBT MILLAGE APPROVED BY THE ELECTORATE; PROVIDING FOR A PUBLIC HEARING WHEN OBJECTIONS THERETO WILL BE HEARD AND QUESTIONS CONCERNING SAME WILL BE ANSWERED; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Charter of the City of Dania Beach, Florida requires 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 thereto will 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, 2006, and ending September 30, 2007, 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 Election, the issuance of General Obligation bonds in an amount not to exceed $10,300,000 was authorized; and WHEREAS, the City has issued a General Obligation Bond in the amount of$6,800,000 with the exception of the Library project in the amount of $3,500,000, and the City will be levying a debt millage equal to .1490 mills towards the payment of principal and interest; and WHEREAS, the City Manager has presented to the City Commission detailed information supporting such estimate, affording the City Commission a comprehensive understanding of the City Government for the ensuing period, including expenditures for corresponding items during the last two fiscal years and increase and decrease demands for the ensuing year as compared with corresponding appropriations for the last fiscal year; and WHEREAS, the City Commission has met and carefully considered such annual report and estimate for the ensuing year and has determined and fixed the amount necessary to carry on the government of the City for the ensuing year and has prepared a tentative budget setting forth the amounts necessary to be raised for the various departments of the City and has appropriated such amounts to the various departments of the City considering the applicable funds on hand and the estimated departmental revenues; and • WHEREAS, the City Commission has determined that in order to produce a sufficient sum to fund such tentative budget, it is necessary that a provisional millage of 6.0679 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(l), Florida Statutes, is 5.4350 mills; and WHEREAS, the proposed millage is 11.65 % more than the "rolled back rate" of 5.4350 mills; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That the proposed 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, i 2 RESOLUTION#2006-153 • 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) 6.0679 MILLS Section 2. That the proposed millage rate is 11.65% more than the "rolled back rate" as computed in accordance with the provisions of Section 200.065(l), Florida Statutes. Section 3. That the voted debt service millage rate is 0.1490 Mills in accordance with the provisions pursuant to Chapter 200, Florida Statues. Section 4. That the City's aggregate millage rate is 6.2169 Mills (6.0679 Mills for operating and 0.1490 Mills for debt service) Section 5. That the City Commission of the City of Dania Beach will meet in the City • Commission Room in the City Hall (100 West Dania Beach Boulevard, Dania Beach, Florida) on Wednesday, September 20, 2006, at 7:00 p.m. for the purpose of adopting the above stated millage rate and answering questions concerning same. The City Manager shall specify the purposes for which ad valorem tax revenues are being increased, if any, over the "rolled back rate". A notice of this public hearing shall be published in strict compliance with the provisions of Section 200.065(2) (d) and Section 200.065(3), Florida Statutes. 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. • 3 RESOLUTION#2006-153 PASSED AND ADOPTED on September 14, 2006. PATRICIA FLURY MAYOR-COMMISSIONER ATTEST: . LOUISE STILSON, CMC CITY CLERK APPROVED AS TO FOr CORRECTNESS I�". BY: � 1 TIC MAS J. S' RO i CITY ATTORNEY 4 RESOLUTION#2006-153