HomeMy WebLinkAbout2008 08 04 Regular 600 Resolution 2008-33 Millage CapCOMMISSION AGENDA
ITEM 600
August 4, 2008
Special Meeting
Consent
Informational
Public Hearin
Re ular X
MGR. 4 ` /DEPT.
Authorization
REQUEST: The City Manager is requesting that the City Commission approve Resolution No.
2008-33, computing the Proposed Operating and Voted Debt Service Millage Rates for Fiscal Year
2008-2009, establishing the rolled-back rate, and setting the date, time and place of a public
hearing to consider the proposed millage rate and tentative budget for Fiscal Year 2008-2009.
PURPOSE: To obtain Commission approval regarding the information to be communicated to the
Property Appraiser as required for Form DR-420 which sets the proposed operating millage rate and
voted debt service millage rate; establishes the rolled-back rate; and sets the date, time and place for the
public hearing to consider the proposed millage rate and tentative budget.
CONSIDERATIONS:
The current FY 2007-2008 operating millage is 3.2496 mills and voted debt service millage is 0.1022
mills. As shown below, I am recommending a FY 2008-2009 operating millage of 3.0338 mills and a
voted debt service millage of 0.1100 mills for a total millage of 3.1438.
FY 2008-2009 Recommended Millage:
Operating Millage 3.0338
Voted Debt Service 0.1100
Total 3.1438
As shown below, the FY 2008-2009 recommended operating millage cap is 0.2158 mills less than the
current FY 2007-2008 operating millage and 0.6174 mills less than the rolled back rate:
FY 2008-2009 Operating Millage Comparison to FY 2007-2008:
No Millage Increase Option
Additional 1 mill
Operating Millage
FY 2007-2008 FY 2008-2009
Adopted Recommended Decrease
2.0338
1.000
3.2496 3.0338 (0.2158)
Rolled Back Rate 3.6512
Decrease (0.6174)
Rationale•
There are so many unknowns at this time. It is my belief that the Commission needs to maintain
reasonable flexibility to react to further economic realities and/or needs for services that could occur
between now and the final adoption of the budget in September. I cannot imagine these potential
realities requiring more than one mill in additional revenue measures.
RECOMMENDATION:
It is recommended that the Commission take the following actions:
1. Adopt Resolution No. 2008-33 establishing the rolled-back rate at 3.6512 mills and setting
the proposed operating millage rate at 3.0338 mills and the proposed voted debt service
millage rate at 0.1100 mills for a total proposed millage rate of 3.1438 mills, or some other
rate the Commission deems appropriate.
2. Establish the date, time and place for a public hearing regarding the proposed millage rate and
the tentative budget as September 8, 2008 at 5:15 pm at Winter Springs City Hall.
ATTACHMENTS:
^ Resolution No. 2008-33
^ Blank Forms: DR-420, DR-420 VMA, DR-420 TIF, DR-420 MM-P
COMMISSION ACTION:
Page 2 of 2
RESOLUTION NO. 2008-33
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROLLED-BACK
RATE; COMPUTING A PROPOSED MILEAGE RATE (CAP); AND
SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO
CONSIDER THE PROPOSED MILEAGE RATE AND TENTATIVE
BUDGET FOR FISCAL YEAR 2008-2009; PROVIDING FOR REPEAL OF
PRIOR INCONSISTENT RESOLUTIONS; SEVERABILITY; AND AN
EFFECTIVE DATE.
WHEREAS, Florida Statute 200.065 (2) (a) 1 expressly provides that municipalities
shall compute a proposed millage rate; and
WHEREAS, Florida Statute 200.065 (4) (b) requires that within 35 days of certification
of value, each taxing authority shall advise the property appraiser of its proposed millage rate, of
its rolled-back rate, and of the date, time, and place at which a public hearing will be held to
consider the proposed millage rate and the tentative budget; and
WHEREAS, Florida Statute 200.065 (4) (c) further requires that within 80 days of
certification of value, but not earlier than 65 days after certification, the governing body of each
taxing authority shall hold a public hearing on the tentative budget and proposed millage rate;
and
WHEREAS, the City Commission of the City of Winter Springs deems that this
Resolution is in the best interests of the public health, safety, and welfare of the citizens of
Winter Springs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct
and are hereby fully incorporated by this reference.
Section 2. Proposed Milla~e Rate. The proposed operating millage rate for the City of
Winter Springs, Florida for the Fiscal Year 2008-2009 is set at 3.0338 mills and the computed
aggregate rolled-back rate is 3.6512 mills.
In addition, the proposed millage rate for the City of Winter Springs for voted debt service is
0.1100 mills.
Section 3. Public Hearin. A public hearing shall be held in the City Commission
Chambers located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on
September 8, 2008 at 5:15 P.M. to consider the adoption of the proposed millage rate and the
City of Winter Springs, Florida
Resolution 2008-33
Page 1 of 2
tentative budget for Fiscal Year 2008-2009.
Section 5. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of
resolutions in conflict herewith are hereby repealed to the extent of the conflict.
Section 6. Severability. If any section, subsection, sentence, clause, phrase, word, or
portion of this Resolution is for any reason held invalid or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate, distinct and independent
provision and such holding shall not affect the validity of the remaining portion hereto.
Section 7. Effective Date. This Resolution shall become effective immediately upon
adoption by the City Commission of the City of Winter Springs, Florida.
RESOLVED by the City Commission of the City of Winter Springs, Florida in a special
meeting assembled on the 4th day of August, 2008.
John F. Bush, Mayor
ATTEST:
Andrea Lorenzo-Luaces, City Clerk
Approved as to legal form and sufficiency for
the City of Winter Springs only:
Anthony A. Garganese, City Attorney
City of Winter Springs, Florida
Resolution 2008-33
Page 2 of 2
FOR DOR USE ONLY
City:
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DEPARTMENT Levy:
OF REVENUE
DR-420
R. 08/08
CERTIFICATION OF TAXABLE VALUE Rule 12DER08-18
Florida Administrative Code
Effective 06/08
Year County
2008 SEMINOLE
Principal Authority Taxing Authority
WINTER SPRINGS WINTER SPRINGS
SECTION I: COMPLETED BY PROPERTY APPRAISER
1. Current year taxable value of real property for operating purposes $ 1,969,301,918 (1)
2. Current year taxable value of personal property for operating purposes $ 50,237,648 (2)
3. Current year taxable value of centrally assessed property for operating purposes $ 34 814
r (3)
4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 2,019,574,380 (4)
Current year net new taxable value (Add new construction, additions, rehabilitative improvements
5. increasing assessed value by at least 100%, annexations, and tangible personal property value in $ 34,963,862 (5)
excess of 115% of the previous year's value. Subtract deletions.)
6. Current year adjusted taxable value (Line 4 minus Line 5) $ 1,984,610,518 (6)
7. Prior year FINAL gross taxable value (From prior year applicable Form DR-403 series) $ 2,220,522,082 (7)
8. Enter number of tax increment value worksheets (DR-420TIF) attached (If none, enter 0) 1 (8)
Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less
9. under s. 9(b), Article VII, State Constitution? (If yes, complete and attach form DR-42o VMA, Vofed Yes ~' No ~"" (9)
Millage Addendum . )
10 Information for maximum millage calculation: Current year gross taxable value for operating $ 2,259,208,833 (10)
purposes without the impact of Amendment 1.
Property Appraiser Certification
W I certify the taxable values shown above are correct to the best of my knowledge.
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Date
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6/25/2008
SECTION II: COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any
line is inapplicable, enter N/A or -0-.
11. Prior year operating millage levy $ per $1,000 (11)
12. Prior year ad valorem proceeds (Line 7 multiplied by Line 11) $ (12)
13 Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
dedicated increment value (Sum of either Line 6c or Line 7a for all DR-42071E forms) $ (13)
14. Adjusted prior year ad valorem proceeds (Line 12 minus Line 13) $ (14)
15. Dedicated increment value, if any (Sum of either line 6b or Line 7e for all DR-42071E forms) $ (15)
16. Adjusted current year taxable value (Line 6 minus Line 15) $ (16)
17. Current year rolled-back rate (Line 14 divided by Line 16, multiplied by 1,000) $ per $~,ooo (17)
(:UN I INUtU VN rHbt
DR-420
R. 08/08
Penn ~
SECTION II: COMPLETED BY TAXING AUTHORITY - CONTINUED FROM PAGE 1
18. Current year proposed operating millage rate $ per $1,000 (18)
19 Total taxes to be levied at proposed millage rate (Line 18
multiplied by Line 4, divided by 1,000) $ (19)
20. Check TYPE of principal authority (check one) ^ County ^ Independent Special District
^ Municipality ^ Water Management District (20)
21. Check applicable taxing authority (check one) ^ Principal Authority ^ Dependent Special District
^ MSTU ^ Water Management District Basin (21)
22. Is millage levied in more than one county? (check one) ^ Yes ^ No (22)
DEPENDENT SPECIAL DISTRICTS AND MSTUS: STOP HERE -SIGN AND SUBMIT
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all dependent
23. special districts, and MSTUs levying a millage. (The sum of Line 14 $ (23)
from all DR-420 forms)
24 Current year aggregate rolled-back rate (Line 23 $ per $1,000 (24)
divided by Line 16, multiplied by 1,000)
25. Current year aggregate rolled-back taxes (Line 4
$
(25)
multiplied by Line 24, divided by 1,000)
Enter total of all operating ad valorem taxes proposed to be levied by the principal taxing authority,
26. all dependent districts, and MSTUS, if any. (Total of Line 19 $ (26)
from all DR-420 forms)
27 Current year proposed aggregate millage rate (Line 26 $ per $1,000 (27)
divided by Line 4, multiplied by 1,000)
28. Current year proposed rate as a percent change of rolled-back rate (Line 27 °
~° (28)
divided by Line 24, minus 1, multiplied by 100)
Date Time Place
First public budget hearing
Taxing Authorit Certification
I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of Section 200.185 and 200.071 or
200.081, F.S.
Signature of Chief Administrative Officer Date
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City, State, Zip Phone # Fax #
SEE INSTRUCTIONS ON PAGE 3
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DEPARTA1ENT
OF REVENUE
VOTED MILEAGE ADDENDUM
DR-420 VMA
N. 06!08
Rule 12DER0&16
Flodda Administ2tive Code
ERective 08!08
Year
2008 County
SEMINOLE
Principal Authority:
WINTER SPRINGS Taxing Authority:
WINTER SPRINGS
SECTION I: PROPOSED VOTED DEBT MILEAGES
COMPLETED BY PROPERTY APPRAISER COMPLETED BY
TAXING AUTHORITY
Lev Descri tion Taxable Value Pro osed Milla e
1. WINTER SPRINGS BONDS 2,019,574,380
2.
3.
4.
5.
6.
7.
8.
9.
10.
SECTION II: PROPOSED MILEAGES VOTED FOR A PERIOD NOT LONGER THAN TWO YEARS PURSUANT TO S. 9(B),
ARTICLE VII OF THE STATE CONSTITUTION
COMPLETED BY PROPERTY APPRAISER COMPLETED BY
TAXING AUTHORITY
Lev Descri tion Taxable Value Pro osed Milla e
1.
2.
3.
Property Appraiser Certification
~ I certify the taxable values shown above are correct to the best of my knowledge.
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Signature of Property Appraiser
Date
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s.. t' - June 25, 2008
Taxing Authority Certification
~ I certify the proposed millage rates shown above are correct to the best of my knowledge.
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SEE INSTRUCTIONS ON PAGE 2
DR-420TIF
~ ~ TAX INCREMENT ADJUSTMENT WORKSHEET R.os,os
[xa>~1trn~eNj Rule 12DER08-16
or keveNUe Florida Administrative Code
Effective 06/06
Year
2008 County
SEMINOLE
Principal Authority
WINTER SPRINGS Taxing Authority
WINTER SPRINGS
Community Redevelopment Area:
WINTER SPRINGS 17-92 CRA (W4)
SECTION I: Completed by the Property Appraiser
1. Current year taxable value in the tax increment area $ 59,115,311 (1)
2. Base year taxable value in the tax increment area $ 18,441,668 (2)
3. Current year tax increment value (Line 1 minus Line 2) $ 40,673,643 (3)
4. Prior year taxable value $ 54,323,703 (4)
5. Prior year tax increment value (Line 4 minus Line 2) $ 35,882,035 (5)
w Property Appraiser Certification
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x I certify the values above are correct to the best of my knowledge.
tZ7 Signature of Property Appraiser
ire ~ Date
6/25/2008
SECTION II To be completed by taxing authority. Please complete either line 6 or line 7 as applicable.
Do NOT complete both.
6. If the amount to be paid to the redevelopment trust fund IS BASED on a specific proportion of the tax increment value:
6a. Enter the proportion on which the payment is based. % (6a)
6b. Dedicated increment value (Line 3 multiplied by the percentage on Line 6a) $ (6b)
6c. Amount of pa ment to redevelopment trust fund in prior year $ (6c)
7. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value:
7a. Amount of payment to redevelopment trust fund in prior year $ (7a)
7b. Prior year operating millage levy (Form DR-420, Line 11) $ per $1,000 (7b)
7c. Taxes levied on prior year tax increment value
(Line 5 multiplied by Line 7b, divided by 1,000)
$ (7c)
Prior year payment as proportion of taxes levied on increment value (Line
7d. 7a divided b Line 7c) % (7d)
7e. Dedicated increment value (Line 7d multiplied b Line 3) $ (7e)
Taxing Authority Certification
I certify the calculations, millages, and rates are correct to the best of my knowledge.
Signature of Chief Administrative Officer Date
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City, State, Zip Phone # Fax #
SEE INSTRUCTIONS ON REVERSE SIDE
MAXIMUM MILEAGE LEVY CALCULATION
! PRELIMINARY DISCLOSURE
UENARTMENT
Of REVENUE For municipal governments, counties, and special districts
DR-420MM•P
N. 08/08
Rule 12DER°&10
Florida Administrative Code
E°ective06/OB
Year County
2008
Principal Authority Taxing Authority
1 • Is your taxing authority a municipality or independent special district that has
levied ad valorem taxes for less than 5 years? Yes ^ No ^ (1)
If Yes, STOP HERE. Sign on page 2 and submit. You are not subject to a millage limit in FY2008-09.
2. Current ear ross taxable value from Form DR-420, Line 4 $ (2)
3. Current ear rolled-back rate from Form DR-420, Line 17 $ er $1,000 (3)
Does rior ear milla a exceed ma'ori -vote rate?
4• Is your taxing authority a municipality or independent special district that had Yes ^ No ^
levied ad valorem taxes for less than 5 years in 2007 and was not subject to a (4)
millage limit in FY2007-2008? Ir yes, go to Ilne 18. Ii no, continue to line 5.
5. In 2007, was your taxing authority part of a group of a principal authority and its Yes ^ No ^
dependent special districts and MSTUs which levied taxes within the majority vote (5)
rate, but had at least one member adopt a higher rate? byes, go to Ilne 18. Ii no, continue to Ilne 8.
6. Prior ear o eratin milla a lev from Form DR-420, Line 11 $ er $1,000 (6)
7. Prior ear rolled-back rate from 2007 Form DR-420, Line 15 S per $1,000 (7)
8. Prior year percentage of rolled-back rate allowed to be levied by a majority vote
from 2007 Form DR-420 C, Line 5; Form DR-420 M, Line 6; or Form DR-420 I, % (8)
Line 6
Prior year maximum millage with a majority vote (Line 7 multiplied by the $ per $1,000 (9)
9. ercenta a in Line 8 Exam le: 5.3927 x 95% = 5.1231
IF LINE 9 IS EOUAL TO OR GREATER THAN LINE 6. GO TO LINE 16. IF NOT. CONTINUE TO LINE 10.
Recalculate rolled-back rate based on rior ear ma on -vote mills a rate
10. Prior ear final ross taxable value from Form DR-420, Line 7 $ (10)
11. Prior year ad valorem proceeds with majority vote (multiply Line 9 by Line 10 and $ (11)
divide b 1,000
12. Amount, if any, paid or applied in prior year because of an obligation measured by $ (12)
a dedicated increment value from Form DR-420, Line 13
Adjusted prior year ad valorem proceeds with majority vote (Line $ (13)
13. 11 minus Line 12
14. Adjusted current ear taxable value from Form DR-420, Line 16 $ (14)
Adjusted current year rolled-back rate (Line 13 $ per $1,000 (15)
15. divided b Line 14, multi lied b 1,000
Calculate maximum mills a lev for 2008
16. Rolled-back rate to be used for maximum millage levy calculation (Enter
3 per $1,000
(16)
Line 15 if calculated, or Line 3 if Line 15 is not calculated)
17. Adjustment for growth in per capita Florida personal income 1.0415 (17)
18. Rolled-back rate adjusted for change in per capita Florida personal income S per $1,000 (18)
(Line 16 multiplied by Line 17)
19. Estimated current year gross taxable value for operating purposes without the
$
(19)
impact of Amendment 1 from Form DR-420, Line 10
20. Current year adjustments to taxable value from Form DR-420
$
(20)
(Line 5, DR-420 plus Line 15, Form DR-420)
CONTINUED ON PAGE 2
DR-420 MM-P
N. 06/08
Page 2
21. Estimated current year adjusted taxable value without Amendment 1 impacts
$ ( )
21
(Line 19 minus Line 20).
22. Adjusted current year taxable value from Form DR-420, Line 16 $ (22)
23 Percentage adjustment to majority vote rolled-back rate for impact of Amendment (23)
1 Line 22 divided b Line 21, multi lied b 100
24 Majority vote maximum millage rate allowed (Line 18 multiplied by the percentage on $ per $1,000 (24)
Line 23. Example: 4.6718 x 93.12% = 4.3504)
25. Two-thirds vote maximum millage rate allowed (multiply Line 18 by 1.10) $ per $1,000 (25)
26 Current year proposed millage rate: must equal rate entered on Form DR-420, $ per $1,000 (26)
Line 18
27. Current year proposed taxes (multiply Line 26 by Line 2, divided by 1,000) $ (27)
28. Minimum vote re wired to ley ro osed mills e: Check one (28)
^ a. Majority vote of the governing body: Enter millage rate from Line 24 on Line 29.
^ b. Two-thirds vote of governing body: Enter millage rate from Line 26 on Line 29.
^ c. Unanimous vote of the governing body or 3/4 vote if nine members or more: Enter millage rate from Line 26 on Line 29.
^ d. Referendum: Enter millage rate from Line 26 on Line 29.
29. The selection on Line 28 allows a maximum millage rate of:
(Enter rate indicated by choice on Line 28) 3 per $1,000 (29)
30. Total taxes levied at the maximum millage rate: $ (30)
Line 29 multi lied b Line 2 divided b 1 000
DEPENDENT SPECIAL DISTRICTS AND MSTUs: STOP HERE -SIGN AND SUBMIT
Total Current Year Taxes Levied
31. Enter the current year proposed taxes of all dependent special districts &MSTUs
levying a millage (The sum of all Lines 27 from each district's Form DR-420 MM $ (31)
P)
32. Total current year proposed taxes (Line 27 plus Line 31) $ (32)
Total Maximum Taxes
33. Enter the taxes at the maximum millage of all dependent special districts &
MSTUs levying a millage (The sum of all Lines 30 from each district's Form DR- $ (33)
420 MM-P
34. Total taxes at maximum millage (Line 30 plus line 33) $ (34)
Total Maximum Versus Total Taxes Levied
35. Are total current year proposed taxes on Line 32 equal to or less than total taxes
at proposed maximum millage on Line 34? (Check one) Yes ^ No ^ (35)
Complete and submit this Form DR-420MM-P, Maximum Millage Levy Calculation -Preliminary Disclosure, to your
county property appraiser with Form DR-420, Certification of Compliance.
Certlflcatlon
I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of Section 200.185 and 200.071
or 200.081, F.S.
Signature of Chief Administrative Officer
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Mailing Address Name of Contact Person
State, Zip (Phone # (Fax #
RESOLUTION NO. 2008-33
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROLLED-BACK
RATE; COMPUTING A PROPOSED MILEAGE RATE (CAP); AND
SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO
CONSIDER THE PROPOSED MILEAGE RATE AND TENTATIVE
BUDGET FOR FISCAL YEAR 2008-2009; PROVIDING FOR REPEAL OF
PRIOR INCONSISTENT RESOLUTIONS; SEVERABILITY; AND AN
EFFECTIVE DATE.
WHEREAS, Florida Statute 200.065 (2) (a) 1 expressly provides that municipalities
shall compute a proposed millage rate; and
WHEREAS, Florida Statute 200.065 (4) (b) requires that within 35 days of certification
of value, each taxing authority shall advise the property appraiser of its proposed millage rate, of
its rolled-back rate, and of the date, time, and place at which a public hearing will be held to
consider the proposed millage rate and the tentative budget; and
WHEREAS, Florida Statute 200.065 (4) (c) further requires that within 80 days of
certification of value, but not earlier than 65 days after certification, the governing body of each
taxing authority shall hold a public hearing on the tentative budget and proposed millage rate;
and
WHEREAS, the City Commission of the City of Winter Springs deems that this
Resolution is in the best interests of the public health, safety, and welfare of the citizens of
Winter Springs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct
and are hereby fully incorporated by this reference.
Section 2. Proposed Millage Rate. The proposed operating millage rate for the City of
Winter Springs, Florida for the Fiscal Year 2008-2009 is set at 3.0338 mills and the computed
aggregate rolled-back rate is 3.6512 mills.
In addition, the proposed millage rate for the City of Winter Springs for voted debt service is
0.11 DO mills.
Section 3. Public Hearing. A public hearing shall be held in the City Commission
Chambers located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on
September 8, 2008 at 5:15 P.M. to consider the adoption of the proposed millage rate and the
City of Winter Springs, Florida
Resolution 2008-33
Page 1 of 2
tentative budget for Fiscal Year 2008-2009.
Section 5. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of
resolutions in conflict herewith are hereby repealed to the extent of the conflict.
Section 6. Severability. If any section, subsection, sentence, clause, phrase, word, or
portion of this Resolution is for any reason held invalid or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate, distinct and independent
provision and such holding shall not affect the validity of the remaining portion hereto.
Section 7. Effective Date. This Resolution shall become effective immediately upon
adoption by the City Commission of the City of Winter Springs, Florida.
RESOLVED by the City Commission of the City of Winter Springs, Florida in a special
meeting assembled on the 4th day of August, 2008.
J n F. Bush, Mayor
ATTEST:
~~
dreg Lorenzo-Luaces, Ci Cle
Approved as to legal form and sufficiency for
the City Winter Springs only:
Anthony . Garganese, City Attorney
City of Winter Springs, Florida
Resolution 2008-33
Page 2 of 2
FOR DOR USE ONLY
City:
` ~ TA:
Levy:
DENARTMCNT
OF REVENUE
DR-420
R. 06/08
CERTIFICATION OF TAXABLE VALUE Rule 12DER08-18
Florida Administrative Code
Effective 08/08
Year County
2008 SEMINOLE
Principal Authority Taxing Authority
WINTER SPRINGS WINTER SPRINGS
SECTION I: COMPLETED BY PROPERTY APPRAISER
1. Current year taxable value of real property for operating purposes $ 1,969,301,918 (1)
2. Current year taxable value of personal property for operating purposes $ 50,237,648 (2)
3. Current year taxable value of centrally assessed property for operating purposes $ 34,814 (3)
4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 2,019,574,380 (a)
Current year net new taxable value (Add new construction, additions, rehabilitative improvements
i
l
862
963
34
(5)
n
ue
5. increasing assessed value by at least 100%, annexations, and tangible personal property va $ ,
,
excess of 115% of the previous year's value. Subtract deletions.)
6. Current year adjusted taxable value (Line 4 minus Line 5) $ 1,984,610,518 (6)
7. Prior year FINAL gross taxable value (From prior year applicable Form DR-403 series) $ 2,220,522,082 (7)
8. Enter number of tax increment value worksheets (DR-420TIF) attached (If none, enter 0) ~ (8)
Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less
V
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vMA
Yes ~` No '"'
(g)
o
e
,
9. under s. 9(b), Article VII, State Constitution? (if yes, complete and attach form DR-ago
Millage Addendum .)
Information for maximum millage calculation: Current year gross taxable value for operating $ 2,259,208,833 (10)
10. purposes without the impact of Amendment 1.
Property Appraiser Certification
~ I certify the taxable values shown above are correct to the best of my knowledge.
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Date
z Signature of Property Appraiser
6/25/2008
SECTION II: COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any
line is inapplicable, enter N/A or -0-.
11. Prior year operating millage levy $ 3.2496 per $t,ooo (11)
12. Prior year ad valorem proceeds (Line 7 multiplied by Line 11) $ 7,215,809 (12)
Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a $ 110,772 (13)
13. dedicated increment value (Sum of either Line 6c or Line 7a for all DR-420TIF forms)
14. Adjusted prior year ad valorem proceeds (Line 12 minus Line 13) $
7,105,037
(14)
15. Dedicated increment value, if any (Sum of either line 6b or Line 7e for all DR-420TIF forms) $
38,639,961
(15)
16. Adjusted current year taxable value (Line 6 minus Line 15)
$
1,945,970,557
(16)
17. Current year rolled-back rate (Line 14 divided by Line 16, multiplied by 1,000) $
3.6512 per $t,ooo (17)
CONTINUED ON PAGE 2
DR-420
R. 08108
Page 2
SECTION II: COMPLETED BY TAXING AUTHORITY -CONTINUED FROM PAGE 1
$ 3.0338 per ~t,ooo (18)
18. Current year proposed operating millage rate
Total taxes to be levied at proposed millage rate (Line 18 $ 6,126,985 (19)
19
multiplied by Line 4, divided by 1,000)
20. Check TYPE of principal authority (check one) ^ County ^ Independent Special District (20)
Municipality ^ Water Management District
21. Check applicable taxing authority (check one) (~ Principal Authority ^ Dependent Special District (21)
^ MSTU ^ Water Management District Basin
22. Is millage levied in more than one county? (check one)
^ Yes ~ No
(22)
DEPENDENT SPECIAL DISTRICTS AND MSTUs: STOP HERE -SIGN AND SUBMIT
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all dependent
(The sum of Line 14 $ 7,105,037 (23)
23, special districts, and MSTUs levying a millage.
from all DR-420 forms)
Current year aggregate rolled-back rate (Line 23 $ 3.6512 per $t,ooo (24)
24. divided by Line 16, multiplied by 1,000)
Current year aggregate rolled-back taxes (Line 4 $ 7,373,870 (25)
25. multiplied by Line 24, divided by 1,000)
Enter total of all operating ad valorem taxes proposed to be levied by the principal taxing authority,
(Total of Line 19 $ 6,126,985 (26)
26. all dependent districts, and MSTUs, if any.
from all DR-420 forms)
Current year proposed aggregate millage rate (Line 26 $ 3.0338 per gt,ooo (27)
27. divided by Line 4, multiplied by 1,000)
Current year proposed rate as a percent change of rolled-b ack rate (Line 27 -16.91 % (28)
28. divided by Line 24, minus 1, multiplied by 100)
Date Time Place
First public budget hearing 1126 E. State Road 434, Winter Springs, FL 32708
September 8, 2008 5:15 PM City Hall Commission Chambers
Taxin Authorit Certification
I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of Section 200.185 and 200.071 or
200.081, F.S.
Date
Signature of Chief Administrative Officer
W ~, ;~ ~ ,~~4 ; ~,~ Au ust 4, 2008
~ ~~~
W Title Physical Address
2
Z 1126 E. State Road 434, Winter S rin s, FL 32708
C7 Cit Mana er
N Mailing Address Name of Contact Person
1126 E. State Road 434 Kell Bala is
Phone # Fax #
City, State, Zip
Winter S rin s, FL 32708 407-327-7590 407-327-6694
SEE INSTRUCTIONS ON PAGE 3
MAXIMUM MILEAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
DEPARTMENT
OF REVENUE For municipal governments, counties, and special districts
DR-420MM•P
N. 08/08
Rule 12DER08.1B
Florida Administrative Code
ERectlve06~08
Year County
2008 SEMINOLE
Principal Authority Taxing Authority
SEMINOLE WINTER SPRINGS
1 • Is your taxing authority a municipality or independent special district that has Yes ^ No ~ (1)
levied ad valorem taxes for less than 5 years?
If Yes, STOP HERE. Sign on page 2 and submit. You are not subject to a millage limit in FY2008-09.
2. Current ear ross taxable value from Form DR-420, Line 4 $ 2,019,574,380 (2)
3. Current ear rolled-back rate from Form DR-420, Line 17 $ 3.6512 er $1,000 (3)
Does rior ear mills a exceed ma on -vote rate?
4• Is your taxing authority a municipality or independent special district that had Yes ^ No~
levied ad valorem taxes for less than 5 years in 2007 and was not subject to a (4)
millage limit in FY2007-2008? If yes, go to Ilne 16. If no, continue to Ilne 5.
5 was your taxing authority part of a group of a principal authority and its
In 2007 Yes ^ No ~
. ,
dependent special districts and MSTUs which levied taxes within the majority vote (5)
rate, but had at least one member adopt a higher rate? If yes, go to Ilne 18. If no, continue to Ilne 8.
6 Prior ear o eratin mills a lev from Form DR-420, Line 11 $ 3.2496 er $1,000 (6)
. 9303
3 (7)
7. Prior ear rolled-back rate from 2007 Form DR-420, Line 15 .
er $1,000
$
8. Prior year percentage of rolled-back rate allowed to be levied by a majority vote
91 %
(8)
from 2007 Form DR-420 C, Line 5; Form DR-420 M, Line 6; or Form DR-420 I,
Line 6
Prior year maximum millage with a majority vote (Line 7 multiplied by the $ 3.5766 per $1,000 (g)
9. ercenta a in Line 8 Exam le: 5.3927 x 95% = 5.1231
IF LINE 9 IS EQUAL TO OR GREATER THAN LINE 6, GO TO LINE 16. IF NOT, CONTINUE TO LINE 10.
Recalculate rolled-back rate based on rior ear ma on -vote mills a rate
$ (10)
10. Prior ear final ross taxable value from Form DR-420, Line 7
11. Prior year ad valorem proceeds with majority vote (multiply Line 9 by Line 10 and $ (11)
divide b 1,000
12. Amount, if any, paid or applied in prior year because of an obligation measured by $ (12)
a dedicated increment value from Form DR-420, Line 13
Adjusted prior year ad valorem proceeds with majority vote (Line $ (13)
13. 11 minus Line 12
$ (14)
14. Adjusted current ear taxable value from Form DR-420, Line 16
Adjusted current year rolled-back rate (Line 13 $ per $1,000 (15)
15. divided by Line 14, multi lied b 1,000
Calculate maximum mills a lev for 2008
16. Rolled-back rate to be used for maximum millage levy calculation (Enter S 3.6512 per $1,000 (16)
Line 15 if calculated, or Line 3 if Line 15 is not calculated)
17. Adjustment for growth in per capita Florida personal income 1.0415 (17)
18. Rolled-back rate adjusted for change in per capita Florida personal income S 3.8027 per $1,000 (18)
(Line 16 multiplied by Line 17)
19. Estimated current year gross taxable value for operating purposes without the $ 2,259,208,833 (19)
impact of Amendment 1 from Form DR-420, Line 10
20. Current year adjustments to taxable value from Form DR-420 $ 73,603,823 (20)
(Line 5, DR-420 plus Line 15, Form DR-420)
CONTINUED ON PAGE 2
DR»t20 MM•P
N. OB/08
Paae 2
Estimated current year adjusted taxable value without Amendment 1 impacts $ 2,185,605,010 (21)
21. ( Line 19 minus Line 20).
22. Adjusted current year taxable value from Form DR-420, Line 16 $ 1,945,970,557 (22)
Percentage adjustment to majority vote rolled-back rate for impact of Amendment 89 04 (23)
23. 1 (Line 22 divided b Line 21, multi lied b 100 %
24 Majority vote maximum millage rate allowed (Line 18 multiplied by the percentage on $ 3.3859 per $1,000 (24)
. Line 23. Example: 4.6718 x 93.12% = 4.3504)
25. Two-thirds vote maximum millage rate allowed (multiply Line 18 by 1.10) $ 4.1830 per $1,000 (25)
Current year proposed millage rate: must equal rate entered on Form DR-420, $ 3.0338 per $1,000 (26)
26. Line 18
27. Current year proposed taxes (multiply Line 26 by Line 2, divided by 1,000) $ 6,126,985 (27)
28. Minimum vote re uired to ley ro osed mills e: Check one (28)
~ a. Majority vote of the governing body: Enter millage rate from Line 24 on Line 29.
^ b. Two-thirds vote of governing body: Enter millage rate from Line 26 on Line 29.
^ c. Unanimous vote of the governing body or 3/4 vote if nine members or more: Enter millage rate from Line 26 on Line 29.
^ d. Referendum: Enter millage rate from Line 26 on Line 29.
29. The selection on Line 28 allows a maximum millage rate of: S 3.3859 per $1,000 (29)
(Enter rate indicated by choice on Line 28)
30. Total taxes levied at the maximum millage rate: $ 6,838,077 (30)
Line 29 multi lied b Line 2 divided b 1 000
DEPENDENT SPECIAL DISTRICTS AND MSTUs: STOP HERE -SIGN AND SUBMIT
Total Current Year Taxes Levied
31 Enter the current year proposed taxes of all dependent special districts &MSTUs
. levying a millage (The sum of all Lines 27 from each district's Form DR-420 MM $ 0 (31)
P)
32. Total current year proposed taxes (Line 27 plus Line 31) $ 6,126,985 (32)
Total Maximum Taxes
33 Enter the taxes at the maximum millage of all dependent special districts &
.
MSTUs levying a millage (The sum of all Lines 30 from each district's Form DR- 0
$ (33)
420 MM-P
34. Total taxes at maximum millage (Line 30 plus line 33) $ 6,838,077 (34)
Total Maximum Versus Total Taxes Levied
35. Are total current year proposed taxes on Line 32 equal to or less than total taxes Yes ~, No ^ (35)
at proposed maximum millage on Line 34? (Check one)
Complete and submit this Form DR-420MM-P, Maximum Millage Levy Calculation -Preliminary Disclosure, to your
county property appraiser with Form DR-420, Certification of Compliance.
I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of Section 200.185 and 200.071
or 200.081, F.S.
Signature of Chief Administrative Officer Date
W Au ust 4, 2008
W Physical Address
= Tile
Z
~ Cit Mana er 1126 E. State Road 434, Winter S rin s, FL 32708
~ Name of Contact Person
Mailing Address
1126 E. State Road 434 Kell Bala is
Phone # Fax #
City, State, Zip
Winter Springs, FL 32708 ^ 407-327-7590 407-327-6694
~~.
DEPARTMENT
OF REVENUE.
VOTED MILEAGE ADDENDUM
DR~420 VMA
N. 08/08
Rule 12DER08-18
Florida Administrative Code
Effective 08/08
Year
2008 County
SEMINOLE
Principal Authority:
WINTER SPRINGS Taxing Authority:
WINTER SPRINGS
SECTION I: PROPOSED VOTED DEBT MILEAGES
COMPLETED BY PROPERTY APPRAISER COMPLETED BY
TAXING AUTHORITY
Lev Descri tion Taxable Value Pro osed Milla e
1. WINTER SPRINGS BONDS 2,019,574,380 0.1100
2.
3.
4.
5.
6.
7.
S.
9.
10.
SECTION II: PROPOSED MILEAGES VOTED FOR A PERIOD NOT LONGER THAN TWO YEARS PURSUANT TO S. 9(B),
ARTICLE VII OF THE STATE CONSTITUTION
COMPLETED BY PROPERTY APPRAISER COMPLETED BY
TAXING AUTHORITY
Lev Descri tion Taxable Value Pro osed Milla e
1.
2.
3.
Property Appraiser Certification
~ the taxable values shown above are correct to the best of my knowledge.
tif
I
cer
y
W
=
Signature of Property Appraiser
Date
Z
rn
4 r r L
June 25, 2008
Taxing Authority Certification
~ I certify the proposed millage rates shown above are correct to the best of my knowledge.
W
= Signature of Chief Administrative Officer Date
Z /J
SEE INSTRUCTIONS ON PAGE 2
DR-420TIF
TAX INCREMENT ADJUSTMENT WORKSHEET R. osios
oeenHiti~eNt Rule 12DER08.18
OF aevervue Florida Administrative Code
Effective 08/08
Year
2008 County
SEMINOLE
Principal Authority Taxing Authority
WINTER SPRINGS WINTER SPRINGS
Community Redevelopment Area:
WINTER SPRINGS 17-92 CRA (W4)
SECTION I: Completed by the Property Appraiser
1. Current year taxable value in the tax increment area $ 59,115,311 (1)
2. Base year taxable value in the tax increment area $ 18,441,668 (2)
3. Current year tax increment value (Line 1 minus Line 2) $ 40,673,643 (3)
4. Prior year taxable value $ 54,323,703 (4)
5. Prior year tax increment value (Line 4 minus Line 2) $ 35,882,035 (5)
w Property Appraiser Certification
w
x I certify the values above are correct to the best of my knowledge.
CZ7
N Signature of Property Appraiser
` ' ` ~ Date
6/25/2008
SECTION II To be completed by taxing authority. Please complete either line 6 or line 7 as applicable.
Do NOT complete both.
6. If the amount to be paid to the redevelopment trust fund IS BASED on a specific proportion of the tax increment value:
6a. Enter the ro ortion on which the pa ment is based. 95.0 % (6a)
6b. Dedicated increment value (Line 3 multiplied by the ercentage on Line 6a) $ 38,639,961 (6b)
6c. Amount of payment to redevelopment trust fund in rior ear $ 110,772 (6c)
7. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value:
7a. Amount of pa ment to redevelopment trust fund in prior year $ (7a)
7b. Prior year operating millage levy (Form DR-420, Line 11) $ Per $1,000 (7b)
7c. Taxes levied on prior year tax increment value
(Line 5 multi lied by Line 7b, divided b 1,000) $ (7c)
Prior year payment as proportion of taxes levied on increment value (Line
7d. 7a divided by Line 7c) % (7d)
7e. Dedicated increment value (Line 7d multiplied by Line 3) $ (7e)
Taxing Authority Certification
I certify the calculations, millages, and rates are correct to the best of my knowledge.
Signature of Chief Administrative Officer Date
~ - ~~ ~ //~ Au ust 4
2008
y ,
w
x Titl Physical Address
z
~? `
City Manager
1126 E. State Road 434, Winter Springs, FL 32708
rn Mailing Address Name of Contact Person
1126 E. State Road 434 Kelly Balagia
City, State, Zip Phone # Fax #
Winter Springs, FL 32708 407-327-7590 407-327-6694
SEE INSTRUCTIONS ON REVERSE SIDE