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Home My WebLink AboutR-2024-138 Adoption of Final Millage Rate for FY2024-2025RESOLUTION NO. 2024- I 33 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 2024.2025 FOR OPERATING PURPOSES; ESTABLISHING THE DEBT MILLAGE APPROVED BY THE ELECTORATE; PROVIDING FOR A PUBLIC HEARING WHEN AND WHERE OBJECTIONS MAY BE HEARD AND QUESTIONS CONCERNING THE 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 shatl, 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 may be be heard and questions conceming the objections may be answered; and WIIEREAS' 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 ofthe expenditures and revenues ofthe City for the ensuing year beginning october 1,2024 and ending September 30, 2025, with sufficient copies ofsuch report and estimate being on file in the office of the Ciry 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 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 an initial General Obligation Bond in the amount of $10,300,000.00 and the Ciry will be levying a debt millage equal to 0.0985 mills toward the payment ofprincipal and interest on the Bond; 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 Govemment for the ensuing period identified above, including expenditures for conesponding 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 govemment of the city for the ensuing year, has prepared a budget setting forth the amounts necessary to be raised for the various deparftnents 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,theCityCommissionhasdeterminedthatinordertoproduceasufficient sum to fund the proposed budget, it is necessary that an operating millage of 5.9998 mills be levied against ad valorem valuation ofproperry 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 5.714'7 mills, and the proposed millage reflects a 4'99o/o increase from the rolled-back rate. NOW,THEREFORE,BEITRESOLVEDBYTHECITYCOMMISSIONOFTHE CITY OF DANIA BEACH, FLORIDA: Sectionl.Thattheoperatingmillagenecessarytobeleviedagainstadvalorem 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 budget, is as follows: FOR OPERATING BUDGET: (GENERAL MLTNICIPAL MILLAGE)5.9998 MTLLS Section 2. That the millage rate is a 4.99'.% innease from the rolled back of 5.7147 mills as computed in accordance with the provisions of Section 200.065(l), Florida statutes. Section 3. That the voted debt service millage rate is 0.0985 mills in accordance with the provisions of law pursuant to Chapter 200, Florida Statutes. section 4. That the ciry's aggregate millage rate is 6.0983 Mills (5.9998 Mills for ooeratins and 0.0965 Mills for debt service). 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 2 passage and adoption. RESOLUTION# 2 OZO.I3X PASSED AND ADOPTED on September 24'2024' Motion by byecondS t{ FINAL VOTE ON ADOPTION: Commissioner Joyce L. Davis Commissioner Tamara James Commissioner Marco Salvino Vice Mayor Lori Lewellen Mayor Archibald J. RYan IV ATTEST: ELO CITY CLERK IS TTORNEY unanimo* / Yes No C ARCHIB MAYOR J IV 3 REsoLUrroN # 2024-(38 tn** ft.*ps APPROVED AS TO FORM AND CORRECTNESS: