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HomeMy WebLinkAbout2004 07 12 Regular 507 COMMISSION AGENDA ITEM 507 I CONSENT INFORMA TIONAL PUBLIC HEARING REGULAR X July 12, 2004 Meeting MGR t1- /DEPT. Authorization REQUEST: The City Manager is requesting that the City Commission approve Resolution No. 2004-27, computing the Proposed Millage Cap for Fiscal Year 2004-2005, establishing the rolled-back rate and setting the date, time and place of a public hearing to consider the tentative millage rate and tentative budget for Fiscal Year 2004-2005. PURPOSE: To gain Commission agreement regarding the information to be relayed to the Property Appraiser on the Form DR-420 which sets the proposed milllage rate cap, establishes the rolled-back rate and sets the date, time and place for the public hearing to consider the tentative millage rate and tentative budget. CONSIDERATIONS: Resolution No. 2004-27: . Sets the Proposed Millage Rate Cap. The FY 2003-2004 (current) operating millage is 4.30 mills and voted debt service is 0.25 mills. The FY 2004-2005 preliminary budget as recommended by the Manager includes operating millage of 4.30 mills and voted debt service of 0.25 mills. · The final millage rate can be lowered from the adopted millage rate cap; however, if it is raised, the property owners must be re-noticed at the City's expense. · Note that the 4.30 millage rate used will not entirely cover all the potential budget changes the City Commission is considering. The Commission may want to factor in other budget items not currently included in the preliminary budget in order to encompass all considerations under the Millage Rate Cap. · The following represents a few of the potential millage choices for the DR-420: 07 I 204_ COMM _Regular _ 507 _Proposed_Millage_Cap Actual Tax Addlitional Revenue Millage Increase Millage Increase as a 0/0 Generated over (over 4.300) Rate of Roll Back Current Millaee Roll Back 4.0764 N/A ($318,592) Current Millage 4.3000 5.49% N/A Tenth of a mill 4.4000 7.94% $142,483 Two-tenths of a mill 4.5000 10.39% $284,966 Approx. % of a mill 5.0000 22.66% $997,380 One mill 5.3000 30.02% $1,424,829 · The Resolution establishes the rolled-back rate at 4.0764 as calculated on the form DR-420. (Sample form DR-420 attached) · The Resolution sets the date, time and place of the public hearing to be held to consider the proposed millage rate and the tentative budget - City Commission Chambers located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on September 13,2004 at 6:30pm or soon thereafter. RECOMMENDATION: It is recommended that the Commission take the following actions: 1) Adopt Resolution 2004-27 setting the proposed millage rate cap at 5.3000 mills and establishing the rolled-back rate at 4.0764 mills. 2) Establish the date, time and place for a public hearing regarding the proposed tentative budget and millage rate for September 13, 2004 at 6:30 pm at Winter Springs City Hall. ATTACHMENTS: · Resolution 2004-27 · DR-420 form (4.3 mills, 4.4 mills, 4.5 mills, 5.0 mills, 5.3 mills) · DR-420 sample form COMMISSION ACTION: 071204_ COMM _Regular _ 507 ]roposed _Millage_Cap RESOLUTION NO. 2004-27 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROlLLED-BACK RATE; COMPUTING A PROPOSED MILLAGE RATE; AND SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO CONSIDER THE TENTATIVE MILLAGE RATE AND TENTATIVE BUDGET FOR FISCAL YEAR 2004-2005; PROVIDING FOR THE REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; AND PROVIDING FOR 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 tentative millage rate. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS: Section 1. Proposed Milla2e Rate. The proposed millage rate cap for the City of Winter Springs, Florida for the Fiscal Year 2004-2005 is set at 5.3000 mills and the computed aggregate rolled-back rate is 4.0764 mills. In addition, the proposed millage rate for the City of Winter Springs for voted debt service is 0.2500 Mills. Section 2. 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 13, 2004 at 6:30 P.M., or soon thereafter, to consider the adoption of the proposed millage rate and the tentative budget for Fiscal Year 2004-2005. Section 3. Repeal of Prior Inconsistent Resolutions. resolutions adopted by the City Commission are hereby repealed. All prior inconsistent Section 4. adoption. Effective Date. This Resolution shall take effect immediately upon its 071204_ COMM _Regular _507_ Attachment_I_Resolution _2004-27 DONE AND ADOPTED in regular session of the City Commission of the City of Winter Springs, Florida this 1th day of July 2004. . CITY OF WINTER SPRINGS John F. Bush Mayor Attest: Andrea Lorenzo-Luaces City Clerk Anthony A. Garganese City Attorney 071204_ COMM_Regular_507 _Attachment_I_Resolution _2004-27 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2004 TAX YEAR (FY 2005) AT POTENTIAL RATE OF 4.3000 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) 5 Current Year Net New Taxable Value 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (7*8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled-Back Taxes (4*18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11 *4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00)*100 Rolled back RATE is calc wlout new construction Rolled back TAXES $ includes all value - just at rolled back rate 071204_COMM_Regular_507 _Attachment_2 $1,441,188,255 $42,959,995 $48,724 $1,484,196,974 $43,283,002 $1,440,913,972 $1,365,985,321 4.3000 $5,873,737 4.0764 4.3000 municipality n/a 0.000250 n/a n/a $5,873,737 4.0764 $6,050,176 $6,382,047 4.3000 5.4853 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2004 TAX YEAR (FY 2005) AT POTENTIAL RATE OF 4.4000 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) 5 Current Year Net New Taxable Value 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) .s Prior Year Operating Millage Levy '9 Prior Year Ad Valorem Proceeds (7*8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 12 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 1 ,6 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 1 B The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled-Back Taxes (4*18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be . levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11*4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00)*100 Rolled back RATE is calc w/out new construction Rolled back TAXES $ includes all value - just at rolled back rate 071204_COMM_Regular_507 _Attachment_2 $1,441,188,255 $42,959,995 $48,724 $1,484,196,974 $43,283,002 $1,440,913,972 $1,365,985,321 4.3000 $5,873,737 4.0764 4.4000 municipality n/a 0.000250 n/a n/a $5,873,737 4.0764 $6,050,176 $6,530,467 4.4000 7.9385 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2004 TAX YEAR (FY 2005) AT POTENTIAL RATE OF 4.5000 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) 5 Current Year Net New Taxable Value 6 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) 8 Prior Year Operating Millage Levy 9 Prior Year Ad Valorem Proceeds (7*8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 1:2 Type of Taxing Authority 1:3 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 1.5 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled-Back Taxes (4*18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11*4) 21 Current Year Proposed Aggregate Millage Rate (20/4) . 2:2 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00)*100 Rolled back RATE is calc w/out new construction Rolled back TAXES $ includes all value - just at rolled back rate 071204_COMM_Regular_507 _Attachment_2 $1,441,188,255 $42,959,995 $48,724 $1,484,196,974 $43,283,002 $1,440,913,972 $1,365,985.321 4.3000 $5,873.737 4.0764 4.5000 municipality n/a 0.000250 n/a n/a $5,873,737 4.0764 $6,050.176 $6,678,886 4.5000 10.3916 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2004 TAX YEAR(FY 2005) AT POTENTIAL RATE OF 5.0000 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) :5 Current Year Net New Taxable Value 15 Current Year Adjusted Taxable Value (4-5) 7 Prior Year Final Gross Taxable Value (from py Form DR-403) ;B Prior Year Operating Millage Levy '9 Prior Year Ad Valorem Proceeds (7*8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 1.2 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled-Back Taxes (4*18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11 *4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00)*100 Rolled back RATE is calc wlout new construction Rolled back TAXES $ includes all value - just at rolled back rate 071204_COMM_Regular_507 _Attachment_2 $1,441,188,255 $42,959,995 $48,724 $1,484,196,974 $43,283,002 $1,440,913,972 $1,365,985,321 4.3000 $5,873,737 4.0764 5.0000 municipality nla 0.000250 nla nla $5,873,737 4.0764 $6,050,176 $7,420,985 5.0000 22.6573 CITY OF WINTER SPRINGS CERTIFICATION OF TAXABLE VALUE 2004 TAX YEAR (FY 2005) AT POTENTIAL RATE OF 5.3000 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) S Current Year Net New Taxable Value 15 Current Year Adjusted Taxable Value (4-5) "7 Prior Year Final Gross Taxable Value (from py Form DR-403) .s Prior Year Operating Millage Levy '9 Prior Year Ad Valorem Proceeds (7*8) 10 Current Year Rolled-Back Rate (9/6) 11 Current Year Proposed Operating Millage Rate 1.2 Type of Taxing Authority 13 If Dependent Special District or MSTU - see reverse side 14 Current Year Millage Levy for Voted Debt Service 15 Current Year Millage Levy for Other Voted Millage 16 Prior Year Ad Valorem Proceeds of All Dependent Special Districts 17 Total Prior Year Proceeds (9+16) 18 The Current Year Aggregate Rolled-Back Rate (17/6) 19 Current Year Aggregate Rolled-Back Taxes (4*18) 20 Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts & MSTU's (11*4) 21 Current Year Proposed Aggregate Millage Rate (20/4) 22 Current Year Proposed Rate as a Percent Change of Rolled-back Rate ((21/18)-1.00)*100 Rolled back RATE is calc wlout new construction Rolled back TAXES $ includes all value - just at rolled back rate 071204_COMM_Regular_507 _Attachment_2 $1,441,188,255 $42,959,995 $48,724 $1,484,196,974 $43,283,002 $1,440,913,972 $1,365,985,321 4.3000. $5,873,737 4.0764 5.3000 municipality nla 0.000250 nla nla $5,873,737 4.0764 $6,050,176 $7,866,244 5.3000 30.0168 Certification of Taxable Value DR-l1ilD R. 01/95 SE:CTION I 2004 .. Year CITY OF WINTER SPRINGS To -ir1(;r~G-oTfa~i,\!.i-A,~;i,;(;:ityT -----.--------. Ccunty ( 1) Curnml Year Taxable Value of RO<\i r~roperty 1m Opemllog Purposes SEMINOLE (2) Current Yea, TaxablJa> Value 01 P~fsonal Propmly for OperatIng Purposes (3) (4) (()} S..___.__.L:_~~.!.~!~~.2~~...._.___ 42,959.995 CUlmn! Your T~iCiJbtt> Valun oj C<1lrlira'II~' fiSS$lSSC'tI P10petty (Of OJ)eraLlng Purposes s. . _ . ....... .. ......_......... .......... S ._. _. ... .4~.I2~ S .____~~~~,~19~.974______ Currenl Year Grt>55 Tal\nblo Vr.11LIClurOporolH'ig Purpose!:) 111+ (2) t (3) (fur.rOnl Yoar N01 New Ti~able V<llue (New CQnstli/i7hOfl ... Addl!inos + Reh;lbihr.atr'lo Impr()lIetfl!:lIlIS InCfO~1sin9 Assesseo VaiLle By At LeaSI IOO%.~ .4nnexalll:ms . Oolotiof1si s. (6} Gillmnl WJ<\rAtljlJiM~dTIl>:(H'Il~ WaIU\! (4)' (S) $ 43,283,002 1.440.9'13,972 " ,365;985,32-' (7) PliOl Yenr Fmol Gross Taxablo V,:l1tte (From Prl(J( Vol'lr ApPlicab'e Fmm DH.4Cl;3 SCtH;,:,) I do hq,-oby Gortil}' the VilllJ~s show horolr; to be CQner.i 10 the best 01 nly k~\lWle.dg ~ no bolter. 'NilMt;s my h(lnd "<Irld officiol sIgnature fit SANFORD . F101Eda, lhit<lh\.'l25~~~<"Z::~ . 2Q04 p.'/': Sll1mlll.t/) ()f ptopuflY Approi:)(ll , ~. ""' '.' '.....',,^ ......... ._.-" ..1..-.............. ,...~ '- ;,....~__,........._.. ___',."""..... ....: TA:<JNG AIJTHOHlTY: If this portlon 01 the< lorm is nol com~'lolcd in FULL your Authority will bo donll)d TRiM ccrtllicnlion and po'~slbly lose 'ts ",llloge lovy prlvilego lor Iho lal{ year. II any line ill inappllcablO, MIOt N/A or -0-, SECTION Ii (B) Prim Yam Opornlin!1 Mllla90 L.:;vy s :s pm $1,000 (H} Prim Yetar Ad VtllOICll'1 Pf/>COIfl1:IS; (71 ':( \~} (tOl G~monl 'foor R"l!(,'tH3~cK l=li,'ile (9) divi41e(! lW l~i; $ $ 1;101' $1.000 (1'1) CUller'l1 YMI ProPlJs(;}(IOpefti1il'9 Millago rtnU;t t 1m C~hock lvr..;f.: o,."raXirlg Authr.lJiIY'.. . . : I ] MW1Ir;Ipl,I&iy i InlJlJ'Piintlem 1 $:Pl~mnl OiSI flet . - . (l311F DEPENDENT spaCIAL DISTRICT OR MSTU IS MARKED. Pl.EASE SEE REVERSE SIDE. {Iil} CUIIO!!l va,,! Millage L0VY lOr VOTED DEBT SERVICE $ -- .- ,. - - -. per S 1.000 (151 Current Ym.1f Mdlt19i~ Levy lor OTHER VOTED MILLAGE $ por 51,000 roE"PENOEtrrSPECIAL oll:fi~ICTSSKIP-ilni;s('U3flht~09h'(22f- ..-,.. ---.... -.~: .~- --.---.-----~-~_. ----.,--.,.-~----~] l._~':, 0.". _ . ." _." ,.~."" .,' ,"",-.' ,....,.___.,,... '.'~i':--"'''''' ._.... ,~,.;,_.._...,;_..,'_~_ ___...~_....~....~_~__..~__._...........__.,__--..;..___~..... ._----".>_.__~.~.~...._.....___.__.....__ .._.........,. ,.~.~,.~ (t6) EnlerTolal PftOr VeiJt AdValoreln Proceeds of ALL OE?ENDENi SpecmlOm!ncls $ _____._ . .. __._.___.. _._ ancl MSTU's lG;vying r.t miUago. {The :sum Qi Line (9) Itom earn D:slncrs Form DR-420) (1"1> TOlal Pnor Year Proceeds: (9) ., ! 1$) $ por S 1,000 l CtM1ly i Mllo..CoHnl.,. OiJlltiruJ(;1l1 0':'!11(\1 Monlcipnl $o(\I1w 'liXl(If1g 1)l1il W.1t\Jf MiiflllgOfJItJl1l F,lir,trtcl $ (18) TIle Curnmt Y!.'lar Agnregal.e ROIlI)d'~HCli 11i:\.le: (1 n dlvlded by (51 :5 . pOI' $1,000 {!91 CUJreni YotlrAggregule Rollcd.!;lac~:'raJ(Cls: (~):( {is) {20J ErH{~r Tolnl 01 all non-voted Ad Valorem Taxes proposed l~ oolovled by the Pttrn::lpal Taxing Aulhorit}', all O~pendenl Oisinc.ls, "nd MSTU's If al'\y, line (1\ 1 ): Une (4) (21} Current Year Proposed AggregilteMlllnge i~a!f;i: l2D) glvidw by i41 {~} CurfCnl Ye(jf Proposed Ralcas a P,E.RCENT CHANGE of Rolled-back Rate: [(Une 21 diVided by qi1818} -1.QO] iC 100 Dale, Time and Placaol ihOlirstPubhc Budgoi Hewing: S $, s ._. per 51,000 0,'" ........_.__..~,.___.._._._ '.!o I do hereby cel1ify the millagi::iS and rales Ehovi'n i'1el1?ln rone conce, jl) the ~Sl of my knowledge and belief. FURTHER. I certlly \hat allll1Ulagr~s comply withil1(~ provisIons 01 Section 200.071 or:'::00.081. FS WlTNESS my hand B,f\d official signature <It .._,_ .__. __,~,_""_,,_,,. ,Flonda.lhisins ._.. __._.. _ .. day of ._. . .... ,20___._ sjg'~'oiurnotCt;!QtAdm!fiiSirutMi OH;C;ir-anij"i'iiiCi A&j;liS$c{PhYS"iCliflocaT:Ori . . t~~nitil)g ^ddm:i~ ~1~1~.ti iir c(i;:;\;)i:t" POrson----..- "-' -.- ---.".-- --. -- - C"~I 071204~COMM~Regular~o07 _Attachl1ient_3 PIW:IH~If. ... ..- ....-...- Soo Instructions on Reverse Side FaX' #. ..- ..