HomeMy WebLinkAbout2007 07 23 Regular 601 Approval of Resolution 2007-29 Proposed Operating Millage Rate for FY 2007-2008
COMMISSION AGENDA
ITEM 601
ICONSENT
INFORMATIONAL
PUBLIC HEARING
REGULAR X
July 23, 2007
Meeting
MGR ~EPT. (Q ~
,
Authorization
REQUEST: The City Manager is requesting that the City Commission approve Resolution
No. 2007-29, computing the Proposed Operating Millage Rate for Fiscal Year 2007-2008 at
4.2919 mills and voted debt service millage rate at 0.1022 mills or some other rate the
Commission deems more appropriate, 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 2007-2008.
PURPOSE:
To gain Commission agreement regarding the information to be communicated to the
Property Appraiser on the 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 FY 2006-2007 (current) operating millage is 4.2919 mills and voted debt service is 0.1100
mills. The FY 2007-2008 preliminary budget as recommended by the City Manager included an
operating millage rate of 4.1652 and voted debt service millage rate of 0.1022 for a total
recommended millage rate of 4.2674 mills. Gross taxable value from the Property Appraiser as
reflected on the DR 420 is $2,221,298,940.
. Please remember that this resolution will establish the millage rate cap. The final millage
rate can be lowered from the adopted millage rate cap. Settin!! the final 2007-2008
operatin!! milla!!e rate above 4.2919 mills would require voter referendum.
. Also note that this proposed millage rate will be applied to the property owners' assessed
values and mailed by the Property Appraiser to each property owner in the form of the
TRIM notice. Further, it will be communicated to the property owner as "the most
probable number for your property taxes" via the TRIM notice insert.
. The 4.1652 operating millage rate in the preliminary budget will not be sufficient for any
budget additions which the Commission might be considering between now and the final
072307 _ COMM _Regular _601_ Millage_Cap _REVISED .doc
public hearing on September 24th. The Commission may want to factor in other budget
items not currently included in order to encompass all considerations under the Proposed
Millage Rate Cap.
The following chart compares some of the proposed millage tiers:
Percentage Increase (decrease) in
Potential incr (deer) Vote required Ad Valorem Revenue
Operating compared to to set as from Preliminary
Operating Millage Millage Rolled-Back FINAL (4.1652)
Rate Options Rate Rate millalle rate (budget recommendation)
Recommended CAP;
2006-2007 rate 4.2919 9.3% Unanimous $270,181
Preliminary Budget 4.1652 6.0% Unanimous N/A
Rolled-Back Rate 3.9303 N/A Two-thirds ($500,912)
Additional cut-
House IB 3.5766 (9%) Majoritv ($1,255,158)
· The Resolution establishes the rolled-back rate at 3.9303 as calculated on the form DR-
420. The Resolution sets the date, time and place of the public hearing to consider the
proposed millage rate and the tentative budget - September 10, 2007 at 5: 15 pm at 1126
East State Road 434, Winter Springs, Florida (Commission Chambers).
RECOMMENDATION:
It is recommended that the Commission take the following action:
1) Adopt Resolution 2007-29 setting the proposed operating millage rate at 4.2919 mills and
establishing the rolled-back rate at 3.9303 mills and setting the proposed voted debt service
millage rate at 0.1022 mills for a total proposed millage rate of 4.3941 mills, or another 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 10, 2007 at 5: 15 pm at Winter Springs City Hall.
ATTACHMENTS:
· Resolution 2007-29
· Blank forms - DR-420, DR-420TIF, DR-420 M-P
COMMISSION ACTION:
072307_ COMM _Regular _601_ Millage_Cap _ REVISED.doc
RESOLUTION NO. 2007-29
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROLLED-BACK
RATE; COMPUTING A PROPOSED MILLAGE RATE (CAP); AND
SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO
CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE
BUDGET FOR FISCAL YEAR 2007-2008; 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.
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 Milla2e Rate. The proposed operating millage rate for the City of
Winter Springs, Florida for the Fiscal Year 2007-2008 is set at 4.2919 mills and the computed
aggregate rolled-back rate is 3.9303 mills.
In addition, the proposed millage rate for the City of Winter Springs for voted debt service is
0.1022 mills.
Section 3. Public Hearin2. 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
10, 2007 at 5: 15 P.M. to consider the adoption of the proposed millage rate and the tentative
budget for Fiscal Year 2007-2008.
City of Winter Springs, Florida
Resolution 2007-29
Page I of2
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.
RESOL VED by the City Commission of the City of Winter Springs, Florida, in a regular
meeting assembled on the 23rd day of July, 2007.
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 2007-29
Page 2 of2
(6) Current Year Adjusted Taxable Value (4) - (5)
(7) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Form DR-403 Series)
(8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter 0)
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand nd official signature
at SANFORD ,Florida, this the 28TH da JUNE, 2007
SECTION I
Certification of Taxable Value
2007
Year:
County:
SEMINOLE
Principal Authority: CITY OF WINTER SPRINGS Taxing Authority:
(1) Current Year Taxable Value of Real Property for Operating Purposes
(2) Current Year Taxable Value of Personal Property for Operating Purposes
(3) Current Y ear Taxable Value of Centrally Assessed Property for Operating Purposes
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) = (4)
(5) Current Year Net New Taxable Value
(New Construction + Additions + Rehabilitative Improvements Increasing Assessed Value By At
Least 100% + Annexations + Total Tangible Personal Property Taxable Value In Excess of 115% of
the Previous Year's Total Tangible Personal Property Taxable Value - Deletions)
FOR OOR USE ONLY
DR-420
R. 06/07
City:
TA:
Levy:
CITY OF WINTER SPRINGS
$
$
$
$
2,164,883,727
56,376,174
39,039
2,221,298,940
(1)
(2)
(3)
(4)
$
$
$
36,156,242
2,185,142,698
2,003,805,968
(5)
(6)
(7)
(Month, and Year)
TAXING AUTHORITY: If this portion of the fonn 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 .()..
(9) Prior Year Operating Millage Levy
(10) Prior Year Ad Valorem Proceeds (7) x (9)
(11) 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 (3)c or (4)a for all DR-42OTIF forms
(12) Adjusted Prior Year Ad Valorem Proceeds (10) - (11)
(13) Dedicated Increment Value, if any: Sum of either line (3)b or (4)e for all DR-420TIF forms
(14) Adjusted Current Year Taxable Value (6) - (13)
(15) Current Year Rolled-Back Rate (12) divided by (14)
(16) Current Year Proposed Operating Millage Rate
SECTION II
(17) Check TYPE of Principal Authority (check one)
DCounty
o Municipalily
DPrinciPal Authority
DYes
D,ndependent Sp. Dis!.
Dwater Man. District
DDep. Spec. Dis!. DMSTu
DNa
(18) Check Applicable Taxing Authority (check one)
(19) Is millage levied in more than one county? (check one)
SI at re of Pro
A raiser
$
$
per $1,000 (9)
(10)
$
$
$
$
$
$
(11)
(12)
(13)
(14)
(15)
(16)
per $1,000
per $1,000
(20) Current Millage Levy for Voted Debt Service
(21) Current Millage Levy for Other Voted Millage
(22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special Districts and
MSTUs levying a millage. (The sum of Line (12) from each District's and MSTU's Form DR-420)
(23) Total Adjusted Prior Year Ad Valorem Proceeds; (12) + (22)
(24) The Current Year Aggregate Rolled-Back Rate: (23) divided by (14)
(25) Current Year Aggregate Rolled-Back Taxes (4) x (24)
(26) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing
Authority, all Dependent Districts, and MSTUs if any. Sum of line (16) x line (4) from all Form DR-
420s
(27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4)
(28) Current Year Proposed Rate as a Percent Change of Rolled-Back Rate:
[(Line 27 divided by Line 24) -1.00) x 100
Date, Time and Place of the First Public Budget Hearing:
per $1 ,000 (20)
per $1,000 (21)
$
(22)
$
$
$
(23)
per$l,OOO (24)
(25)
$
$
(26)
per $1,000 (27)
% (28)
I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER, I certify that
all millages comply with the proviSions of Section 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and official signature at
,Florida, this the day of
Address of Physical Loc:alion
Signature and Tille of Chief Administrative Officer
(Month, and Year)
Mailing Address
Name of Contact Person
Phone #
Fax #
City
State
Zip
SEE INSTRUCTIONS ON REVERSE SIDE
TAX INCREMENT ADJUSTMENT WORKSHEET
DR-420TIF
N. 06/07
SECTION I
Year:
2007
SEMINOLE
WINTER SPRINGS
County:
Principal Authority:
Taxing Authority: WINTER SPRINGS
Community Redevelopment Area: WINTER SPRINGS
17-92 eRA
$ 36,039,894 (1)
$ 35,901,461 (2)
(1) Tax Increment Value in Current Year
(2) Tax Increment Value in Previous Year
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at
Sanford
,Florida, this the 28th day of
JWle,2007
(Month, and Year).
~4~~ ~
SECTION II
To be completed by taxing authority, Please complete either line (3) or line (4) as applicable.
Do NOT complete both.
(3) If the amount to be paid to the redevelopment trust fund IS BASED on a specific
proportion of the "tax increment value":
(3)a Enter the proportion on which the payment is based. If the payment is equal to
the full millage times the increment value, enter 100%
(3)b Dedicated Increment Value (3)a x (1)
(3)c Amount of Payment to Redevelopment Trust Fund in Previous Year
(4) If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific
proportion of the "tax increment value":
$
$
% (3)a
(3)b
(3)c
(4)a
(4)b
(4)c
(4)d
Amount of Payment to Redevelopment Trust Fund in Previous Year
Prior Year Operating Millage Levy Form DR-420, line (9)
Taxes Levied on Previous Year Tax Increment Value (2) x (4)b divided by 1000
Previous Year Payment as Proportion of Taxes Levied on Increment Value
(4)a divided by (4)c
- -$
$
$
(4)a
per $1000 (4)b
(4)c
(4)e
Dedicated Increment Value
(4)d x (1 )___
$
% (4)d
(4)e
I do hereby certify the calculations, millages and rates shown herein to be correct to the best of my knowledge and belief, WITNESS my hand and official
signature at ,Florida, this the day of (Month, and Year).
Signature and Title of Chief Administrative Officer
Address of Physical Location
Mailing Address
Name of Contact Person
City
State
Zip
Phone #
Fax #
SEE INSTRUCTIONS ON REVERSE SIDE
MUNICIPALITY MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
DR-420 M-P
N. 07/07
Year
Municipality:
1. Has the municipality levied ad valorem taxes for less than five years?
o YES: STOP HERE. Sign below and submit. Municipality is not subject to a limitation on millage in FY 2007-08.
o NO: Go to line 2.
Current Year Gross TaxableValue for Operating Purposes from Form DR-420, Line 4 ........................................$
Prior Year Operating Millage levy from Form DR-420, Line 9............................................................................... $
Current Year Rolled-Back Rate from Form DR-420, Line 15 ................................................................................. $
Compound annual growth rate in total per capita taxes levied of the munic:ipality from
FY 2001-02 to 2006-07. (see instructions) ............................................................................................................
6. Percentage of rolled-back rate allowed to be levied by a majority vote of the goveming body. (see instructions)
7. Is the municipality a "municipality of special financial concern"? (see instructions) (Check one) 0 YES 0 NO
8. Did the municipality first levy ad valorem taxes in FY 2002-O3? 0 YES 0 NO
9. Current Year Proposed Operating Millage Rate from Form DR-420, Line 16........................................................ $
10. Current Year Proposed Taxes (multiply Line 9 by Line 2) ...................................................................................... $
11. Current Year Proposed Operating Millage Rate to be adopted by: (Check one)
o Majority vote of the governing body
.Maximum millage rate on Line 12 equal to percentage on Line 6 times the rolled-back rate on Line 4
o Two-thirds vote ofthe governing body
.Maximum millage rate on Line 12 equal to the rolled-back rate on Line 4
o Unanimous vote of the governing body (or 3/4 vote if governing body has nine or more members)
.Maximum millage rate on Line 12 equal to the prior year's operating millage rate on Line 3
o By referendum
.Maximum millage rate on Line 12 as approved by referendum
You must provide a final Form DR-420 M with the final ordinance and voting record to the Department of Revenue after the final hearing.
12. The selection on Line 11 allows a maximum millage rate of: ................................................................................$ per $1 ,000 (12)
13. Taxes levied at maximum millage rate (multiply Line 12 by Line 2) .....................................................................$ (13)
NOTE: The proposed millage rate on Line 9 must be equal to or less than the maximum millage rate on Line 12, UNLESS: the sum of the proposed taxes
to be levied by the municipality and all of its dependent special districts is less than or equal to the sum of the maximum taxes that could be levied by the
municipality and its dependent special districts. See Line 19 ofthe municipality's Form DR-420 M-P.
2.
3.
4.
5.
(2)
per $1 ,000 (3)
per $1,000 (4)
% (5)
% (6)
per $1,000 (9)
(10)
14. Is the proposed millage rate to be approved by a referendum of the voters? 0 YES: STOP HERE. Sign below and submit. 0 NO: Go to Line 15.
Total Proposed Taxes levied:
15. Enter the Current Year Proposed Taxes of All Dependent Special Districts levying a millage.
(The sum of Line 10 from each District's Form DR-420 M-P) ................................................................................$ (15)
16. Total Current Year Proposed Taxes (add Line 10 and Line 15).............................................................................$ (16)
Total Maximum Taxes:
17. Enter the Taxes at the Maximum Millage for All Dependent Special Districts levying a millage.
(The sum of Line 13 from each District's Form DR-420 M-P) ........................:......................................................$ (17)
18. Total Taxes at Maximum Millage Rate (add Line 13 and Line 17)..........................................................................$ (18)
Total Maximum vs. Total Proposed Taxes levied:
19. Are the total current year proposed taxes on Line 16 less than or equal to the total taxes at maximum millage rate on Line 18?
(Check one) 0 YES: Proposed taxes levied comply with law.
o NO: Proposed taxes levied DO NOT comply with law. If line 16 is more than line 18 on your Form DR-420 M following
your final hearing, you will lose the half-cent sales tax distribution.
Complete and submit this preliminary Form DR-420 M-P to the properly appraiser. After you have adopted millage rates and budgets, you must give the
Department of Revenue a final Form DR-420 M after the final hearing.
I certify the millages and rates shown are correct to the best of my knowledge and belief.
Signature and Trtle of Chief Administrative Officer
Address of Physical Location
Mailing Address
Name of Contact Person
City
State
Zip
Phone #
Fax #
(1) Current Year Taxable Value of Real Property for Operating Purposes
(2) Current Year Taxable Value of Personal Property for Operating Purposes
(3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) = (4)
(5) Current Year Net New Taxable Value
(New Construction + Additions + Rehabilitative Improvements Increasing Assessed Value By At
least 100% + Annexations + Total Tangible Personal Property Taxable Value In Excess of 115% of
the Previous Year's Total Tangible Personal Property Taxable Value - Deletions)
(6) Current Year Adjusted Taxable Value (4) - (5)
(7) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Form DR-403 Series)
(8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter 0)
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand
at SANFORD ,Florida, this the 28TH da
SECTION I
Certification of Taxable Value
2007
SEMINOLE
Year:
County:
Principal Authority: CITY OF WINTER SPRINGS Taxing Authority:
FOR OOR USE ONLY
DR-420
R. 06/07
City:
TA:
Levy:
$
$
$
$
CITY OF WINTER SPRINGS
2,164,883,727
56,376,174
39,039
2,221,298,940
(1 )
(2)
(3)
(4)
$
$
$
36,156,242
2,185,142,698
2,003,805,968
(5)
(6)
(7)
(Month, and Year)
A raiser
SECTION II TAXING AUTHORITY: If this portIon of the fonn Is not completed In FULL your Authority will be denIed TRIM certlflcatlon and possibly lose Its millage
. levy privilege for the tax year. If any line Is Inapplicable, enter NIA or .()'.
(9) Prior Year Operating Millage levy
(10) Prior Year Ad Valorem Proceeds (7) x (9)
(11) 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 (3)c or (4)a for all DR-420TIF forms
(12) Adjusted Prior Year Ad Valorem Proceeds (10) - (11)
(13) Dedicated Increment Value, if any: Sum of either line (3)b or (4)e for all DR-420TIF forms
(14) Adjusted Current Year Taxable Value (6) - (13)
(15) Current Year Rolled-Back Rate (12) divided by (14)
(16) Current Year Proposed Operating Millage Rate
(17) Check TYPE of Principal Authority (check one)
DCounty
o Municipality
Dprincipal Authority
DYes
Dlndependent Sp. Dis!.
Dwater Man. District
DDep. Spec. Dis!. DMSTU
0No
(18) Check Applicable Taxing Authority (check one)
(19) Is millage levied in more than one county? (check one)
$
$
4.2919
8,600,134.83
per $1.000 (9)
(10)
$
$
$
$
$
$
146,381.00
8,453,753.83
34,237,899.00
2,150,904,799.00
3.9303
4.2919
per $1.000
(11)
(12)
(13)
(14)
(15)
(16)
per $1.000
per $1.000 (20)
per$1.000 (21)
(27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4)
(28) Current Year Proposed Rate as a Percent Change of Rolled-Back Rate:
[(line 27 divided by line 24) -1.00] x 100
Date, Time and Place of the First Public Budget Hearing: September 10,2007; 5:15 p.m.
. 1126 East State Road 434, Winter Springs, FL 32708
I do hEcfeby"i:er~ify the mi!ldges and rates shown herein to be correct to the best of my knowledge and belief. FURTHER, I certify that
all millages comply with tr~ pro'lisions of Section 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and official signature at
Semirwle Cuun ,Florida. this the 30th day of July, 2007 (Month. and Year)
1126 East State Road 434, Winter Springs, FL 32708
Address of Physical Location
(20) Current Millage levy for Voted Debt Service
(21) Current Millage levy for Other Voted Millage
(22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of All Dependent Special Districts and
MSTUs levying a millage. (The sum of line (12) from each District's and MSTU's Form DR-420)
(23) Total Adjusted Prior Year Ad Valorem Proceeds: (12) + (22)
(24) The Current Year Aggregate Rolled-Back Rate: (23) divided by (14)
(25) Current Year Aggregate Rolled-Back Taxes (4) x (24)
(26) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing
Authority, all Dependent Districts, and MSTUs if any. Sum of line (16) x line (4) from all Form DR-
420s
1126 'East Sta~ Ro&d 434, Winter Springs, FL 32708
Mailing Address
Winter Springs
City
FL
State
32708
Zip
SEE INSTRUCTIONS ON REVERSE SIDE
$
$
0.1022
N/A
$ 0.00 (22)
$ 8,453,753.83 (23)
$ 3.9303 per $1.000 (24)
$ 8,730,371.22 (25)
$ 9,533,592.92 (26)
$ 4.2919 per $1,000 (27)
9.2 % (28)
Kelly Balagla
Name of Contact Person
407 -327 -7590
Phone #
407 -327 -6694
Fax#
TAX INCREMENT ADJUSTMENT WORKSHEET
e
DR-420TIF
N. 06/07
SECTION I
Year:
2007
SEMINOLE
WINTER SPRINGS
County:
Principal Authority:
Taxing Authority: . WINTER SPRINGS
Community Redevelopment Area: WINTER SPRINGS
17-92 CRA (W4)
$ 36,039,894 (1)
$ 35,901,461 (2)
(1) Tax Increment Value in Current Year
(2) Tax Increment Value in Previous Year
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at
Sanford
,Florida, this the 28th day of
June, 2007
(Month, and Year).
~4..~
SECTION II
To be completed by taxing authority. Please complete either line (3) or line (4) as applicable.
Do NOT complete both.
(3) If the amount to be paid to the redevelopment trust fund IS BASED on a specific
proportion of the "tax increment value":
(3)a Enter the proportion on which the payment is based. If the payment is equal to
the full millage times the increment value, enter 100%
(3)b Dedicated Increment Value (3)a x (1)
(3)c Amount of Payment to Redevelopment Trust Fund in Previous Year
(4) If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific
proportion of the "tax increment value":
$
.$
95 % (3)a
34,237,899 (3)b
146,381 (3)c
(4)a Amount of Payment to Redevelopment Trust Fund in Previous Year $ (4)a
(4)b Prior Year Operating Millage Levy Form DR-420, line (9) $ per $1000 (4)b
(4)c Taxes Levied on Previous Year Tax Increment Value (2) x (4)b divided by 1000 $ (4)c
(4)d Previous Year Payment as Proportion of Taxes Levied on Increment Value
(4)a divided by (4)c % (4)d
(4)e Dedicated Increment Value (4)dx(1) n$ (4)e
I do hereby certify the calculations, millages and rates shown herein to be correct to the best of my knowledge and belief, WITNESS my hand and official
signature at ~r Springs ,Florida, this the 25th day of July, 2007 (Month, and Year).
~~U~~ _,.. City Manager
/ Signature and 'n. e of Chief Administrative Officer
1126 E. State Road 434, Winter Springs, FL 32708
Address of Physical Location
1126 East State Road 434
Mallil'.g Address
Kelly Balagia
Name of Contact Person
Winter Springs
City
FL
State
32708
Zip
407-327-7590
Phone #
407 -327 -6694
Fax #
SEE INSTRUCTIONS ON REVERSE SIDE
Year
MUNICIPALITY MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
~V ; (t ref
DR-420 M-P
N. 07/07
Municipality:
Has the municipality levied ad valorem taxes for less than five years?
o YES: STOP HERE. Sign below and submit. Municipality is not subject to a limitation on millage in FY 2007-08.
IZl NO: Go to line 2.
Current Year Gross Taxable Value for Operating Purposes from Form DR-420, Line 4 ........................................$ :l.. ;)...).1. ;((1 g 9 fo (2)
Prior Year Operating Millage Levy from Form DR-420, Line 9...............................................................................$ t/-. :z 9/9 . per $1 ,000 (3)
Current Year Rolled-Back Rate from Form DR-420, Line 15 ................................................................................. $ c:J, '1303 per $1 ,000 (4)
Compound annual growth rate in total per capita taxes levied of the municipality from
FY 2001-02 to 2006-07. (see instructions) ............................................................................................................
6. Percentage of rolled-back rate allowed to be levied by a majority vote of the governing body. (see instructions)
7. Is the municipality a "municipality of special financial concern"? (see instructions) (Check one) 0 YES f8J NO
8. Did the municipality first levy ad valorem taxes in FY 2002-O3? 0 YES !Xl NO
9. Current Year Proposed Operating Millage Rate from Form DR-420, Line 16........................................................ $
10. Current Year Proposed Taxes (multiply Line 9 by Line 2) ......................................................................................$
11. Current Year Proposed Operating Millage Rate to be adopted by: (Check one)
o Majority vote of the governing body
.Maximum millage rate on Line 12 equal to percentage on Line 6 times the rolled-back rate on Line 4
o Two-thirds vote of the governing body
.Maximum millage rate on Line 12 equal to the rolled-back rate on Line 4
~ Unanimous vote of the governing body (or 3/4 vote if governing body has nine or more members)
.Maximum millage rate on Line 12 equal to the prior year's operating millage rate on Line 3
o By referendum
.Maximum millage rate on Line 12 as approved by referendum
You must provide a final Form DR-420 M with the final ordinance and voting record to the Department of Revenue after the final hearing.
12. The selection on Line 11 allows a maximum millage rate of: ................................................................................$ If.;;J.. 9/ 't per $1 ,000 (12)
13. Taxes levied at maximum millage rate (multiply Line 12 by Line 2) .....................................................................$ C;. 5':f 3. >'13 (13)
. .
NOTE: The proposed millage rate on Line 9 must be equal to or less than the maximum millage rate on Line 12, UNLESS: the sum ofthe proposed taxes
to be levied by the municipality and all of its dependent special districts is less than or equal to the sum of the maximum taxes that could be levied by the
municipality and its dependent special districts. See Line 19 of the municipality's Form DR-420 M-P.
2.
3.
4.
5.
/,2, ~3
9/
% (5)
% (6)
'f. J- CJ / ? per $1 ,000 (9)
Cj ~ 33 <:; '/3 (10)
, r
14. Is the proposed millage rate to be approved by a referendum ofthe voters? 0 YES: STOP HERE. Sign below and submit. ~ NO: Go to Line 15.
Total Proposed Taxes Levied:
15. Enter the Current Year Proposed Taxes of ALL Dependent Special Districts levying a millage.
(The sum of Line 10 from each District's Form DR-420 M-P) ................................................................................$
16. Total Current Year Proposed Taxes (add Line 10 and Line 15).............................................................................$
Total Maximum Taxes:
17. Enter the Taxes at the Maximum Millage for ALL Dependent Special Districts levying a millage.
(The sum of Line 13 from each District's Form DR-420 M-P) ...............................................................................$
18. Total Taxes at Maximum Millage Rate (add Line 13 and Line 17)..........................................................................$
Total Maximum vs. Total Proposed Taxes Levied:
19. Are the total current year proposed taxes on Line 16 less than or equal to the total taxes at maximum millage rate on Line 18?
(Check one) ~ YES: Proposed taxes levied comply with law.
o NO: Proposed taxes levied DO NOT comply with law. If Line 1618 more than Line 18 on your Form DR-420 M following
your final hearing, you will lose the half-cent sales tax distribution.
/VIA
9. 533. 5"9~
, .
(15)
(16)
NIA
?~33. "'13
. .
(17)
(18)
Complete and submit this preliminary Form DR-420 M-P to the property appraiser. After you have adopted millage rates and budgets, you must give the
Department of Rever.ua.aJioal Form DR-420 M after the final hearing.
I certify the mi"a9~s and rates shown are correct to the best of my knowledge and belief.
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Address of Physical Location
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Name ntad Person
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RESOLUTION NO. 2007-29
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROLLED-BACK
RATE; COMPUTING A PROPOSED MILLAGE RATE (CAP); AND
SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO
CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE
BUDGET FOR FISCAL YEAR 2007-2008; 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.
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 Milla2e Rate. The proposed operating millage rate for the City of
Winter Springs, Florida for the Fiscal Year 2007-2008 is set at 4.2919 mills and the computed
aggregate rolled-back rate is 3.9303 mills.
In addition, the proposed millage rate for the City of Winter Springs for voted debt service is
0.1022 mills.
Section 3. Public Hearin2. 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
10, 2007 at 5: 15 P.M. to consider the adoption of the proposed millage rate and the tentative
budget for Fiscal Year 2007-2008.
City of Winter Springs, Florida
Resolution 2007-29
Page 1 of2
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, ina regular
meeting assembled on the 23rd day of July, 2007.-
),.~-
i..e:
,
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Approved as to legal form and sufficiency for
~ringsOnlY:
Anthony A. Garganese, City Attorney
City of Winter Springs, Florida
Resolution 2007-29
Page 2 of2