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Home My WebLink About2010 07 26 Regular 600 Approval of Resolution 2010-41 Computing Proposed Operating Millage Rate for FY 2010-2011 COMMISSION AGENDA CONSENT ITEM 600 INFORMATIONAL - PUBLIC HEARING July 26, 2010 REGUL:R X Regular Meeting Y MGR /DEPT. d dp • u thorization REQUEST: The City Manager is requesting that the City Commission consider approval of Resolution 2010 -41, computing the Proposed Operating Millage Rate for Fiscal Year 2010 -2011 at 2.4714 mills and voted debt service millage rate at 0.1100 mills 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 2010 -2011. SYNOPSIS: 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. This information will be communicated to each property owner as the `most probable' number for their property taxes. CONSIDERATIONS: The FY 2009 -2010 (current) millage rate consists of an operating millage rate of 2.4714 mills and a voted debt service millage rate of 0.1100 mills. The FY 2010 -2011 proposed budget as transmitted by the City Manager on July 1, 2010, included an operating millage rate of 2.4714 and voted debt service millage rate of 0.1100. Subsequent to that submission the DR 420 was received from the Seminole County Property Appraiser with a slightly higher property valuation. Gross taxable value from the Property Appraiser as reflected on the DR 420 is $1,694,161,348. FY10 FY10 Adopted Proposed Budget Budget Change Operating Millage 2.4717 2.4714 0.0000 Voted Debt Millage 0.1100 0.1100 0.0000 Total Millage 2.5814 2.5814 0.0000 072610_ COMM _Regular_600_Millage_Cap.docx • This resolution will establish the millage rate cap. The final millage rate can be less than the adopted millage rate cap, but it cannot exceed the cap without increased expense to the City and administrative complication. • 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. Furthermore, it will be communicated to the property owner as "the most probable number for your property taxes" via the TRIM notice insert. The Resolution also establishes the rolled - `back' rate at 2.6404 mills as calculated on the form DR -420. The proposed operating millage rate of 2.4714 is 6.40% less than the calculated rolled - `back' rate. The Resolution sets the date, time and place of the public hearing to consider the proposed millage rate and the tentative budget — September 13, 2010 at 5:15 pm at 1126 East State Road 434, Winter Springs, Florida (Commission Chambers). This meeting time can not change once it has been reported as such on the DR -420, even if the Commission later decides to alter the starting time for the Commission meetings. FISCAL IMPACT: In periods of declining property values, the decision to maintain or lower the millage rates will result in less ad valorem revenue than the prior year. In order to maintain a flat voted debt millage rate a transfer from the General Fund to the Central Winds General Obligation Debt Service Fund ( #225) will be necessary in the amount of $44,000. Both scenarios have been programmed into the fiscal year 2011 Proposed Budget. COMMUNICATION EFFORTS: Numerous methods were utilized to communicate the budget forum on July 19 Additionally, the Proposed Budget was published on the City's website the day following budget transmittal (June 28th). The Property Appraiser will mail each property owner and TRIM notice prior to the first Public Hearing (Sept 13 and the final Public Hearing will be advertised in the Orlando Sentinel in compliance with and according to Florida statute. RECOMMENDATION: It is recommended that the Commission take the following action: • Adopt Resolution 2010 -41 setting the proposed operating millage rate at 2.4714 mills and establishing the rolled -back rate at 2.6404 mills and setting the proposed voted debt service millage rate at 0.1100 mills for a total proposed millage rate of 2.5814 mills. • Establish the date, time and place for a public hearing regarding the proposed millage rate and the tentative budget as September 13, 2010 at 5:15 pm at 1126 East State Road 434, Winter Springs, Florida (Commission Chambers). ATTACHMENTS: • Resolution 2010 -41 07261 0_COMM_Regular_600_Mi llage_Cap. docx RESOLUTION NUMBER 2010 -41 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 2010 -2011; 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 interest 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 2010 -2011 is set at 2.4714 mills and the computed aggregate rolled -back rate is 2.6404 mills. In addition, the proposed millage rate for the City of Winter Springs for voted debt service is 0.1100 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 13, 2010 at 5:15 P.M. to consider the adoption of the proposed millage rate and the tentative budget for Fiscal Year 2010 -2011. City of Winter Springs, Florida Resolution 2010 -41 Page 1 of 2 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 regular Commission meeting assembled on the 26th day of July, 2010. 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 2010 -41 Page 2 of 2 RESOLUTION NUMBER 2010 -41 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 2010 -2011; 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 interest 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 Millace Rate. The proposed operating millage rate for the City of Winter Springs, Florida for the Fiscal Year 2010 -2011 is set at 2.4714 mills and the computed aggregate rolled -back rate is 2.6404 mills. In addition, the proposed millage rate for the City of Winter Springs for voted debt service is 0.1100 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 13, 2010 at 5:15 P.M. to consider the adoption of the proposed millage rate and the tentative budget for Fiscal Year 2010 -2011. City of Winter Springs, Florida Resolution 2010 -41 Page 1 of 2 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. Severabilitv. 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 regular Commission meeting assembled on the 26th day of July, 2010. . 411-44' J F. Bush, Mayor ATTE T: drea- enzo- Luaces, City Clerk Approved as to legal form and sufficiency for the Ci f Winter Springs only: Anthony A. Garganese, City Attorney City of Winter Springs, Florida Resolution 2010 -41 Page 2 of 2