HomeMy WebLinkAboutR-2010-164 Final Millage Rate RESOLUTION NO. 2010-164
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 MILLAGE
RATE NECESSARY TO BE LEVIED FOR THE FISCAL YEAR 2010-2011
FOR OPERATING PURPOSES, ESTABLISHING THE DEBT MILLAGE
APPROVED BY THE ELECTORATE, PROVIDING FOR A PUBLIC
HEARING WHEN OBJECTIONS MAY 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 maybe 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, 2010, and ending September 30, 2011, with sufficient copies of such report and
estimate being on file in the office of the City Clerk so that any interested parties 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
$10,300,000.00 was authorized; and
WHEREAS, the City has issued an initial General Obligation Bond in the amount of
$6,800,000.00 and subsequently issued an amount of $3,500,000.00 for the Library project
during the 2009-2010 fiscal year, and the City will be levying a debt millage equal to 0.2452
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 identified above, 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 the annual report
and estimate and 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 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 determined at its first budget hearing on September
13, 2010, that in order to produce a sufficient sum to fund the final proposed budget, it is
necessary that an operating millage of 5.9998 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 6.4820 mills; and
WHEREAS,the proposed millage is a 7.4% decrease from the rolled-back rate;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the final 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 final millage rate is a 7.4% decrease over 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 0.2452 mills in accordance with
the provisions of law pursuant to Chapter 200, Florida Statutes.
Section 4. That the City's aggregate final millage rate is 6.2450 Mills (5.9998 Mills
for operating and 0.2452 Mills for debt service).
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Section 5. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 6. That this Resolution shall take effect and be in force immediately upon its
passage and adoption.
PASSED AND ADOPTED on September 23, 2010.
(vo; HIV
C. K. McELYDA
MAYOR-COMMISSIONER
'S FIRST
ATTEST:
LOUISE STILSON, CMC
CITY CLERK �N
PAS
APPROVED AS TO FORM AND CORRECTNESS:
o-,) , (,-"
THO S J. AN O
CITY ATTORNEY
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