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HomeMy WebLinkAbout2019 09 23 Public Hearing 400 - FY 2019-2020 Final Operating Millage RateFY 2019-2020 Final Operating Millage Rate PUBLIC HEARINGS AGENDA ITEM 400 CITY COMMISSION AGENDA I SEPTEMBER 23, 2019 1 REGULAR MEETING TITLE FY2019-2020 Final Operating Millage Pate SUMMARY The City Manager is requesting that the City Commission hold a Public Hearing relative to the approval of Resolution 2019-16, which establishes the Final Operating Millage Pate for Fiscal Year 2019-2020 for the City of Winter Springs. On September 9, 2019, the Commission adopted a tentative operating millage rate of 2.4300 mills. The voted debt service millage rate was discontinued. Tonight the Commission will set the final millage rate which cannot exceed the tentative millage rate. The vote to adopt an operating millage rate of 2.4300 will only require a simple majority as it is less than the majority vote maximum millage rate. The decision to levy an operating millage rate of 2.4300 mills as opposed to the rolled-back rate of 2.2770 mills results in additional ad valorem General Fund revenues of approximately$369,795 (net of statutory discount). The Property Appraiser mailed each property owner a TRIM notice prior to the first Public Hearing. Additionally, the budget calendar has been on the City's website since its approval in March and notice of the final public hearing was advertised on the City Hall electronic sign. Lastly, the statutorily required advertisements ran in the Orlando Sentinel on September 19, 2019. Upon approval and adoption of Resolution 2019-16, the final millage rates for fiscal year 2019-2020 will be communicated to the Seminole County Property Appraiser and the Seminole County Tax Collector as the millage rates to be levied bythe City of Winter Springs for the 2019 taxyear (Fiscal Year 2019-2020). RECOMMENDATION Staff recommends the City Commission adopt Resolution 2019-16 establishing the final operating millage rate at whatever rate the Commission deems appropriate for fiscal year 2019-2020 (not to exceed 2.4300 mills) and publicly announce the percentage bywhich the final operating millage rate is more than the rolled-back rate. Asa mple motion which includes the necessary elements for statutory compliance fo I I ows: fi fi PUBLIC HEARINGS AGENDA ITEM 400 1 MONDAY, SEPTEMBER 23, 2019 1 PAGE 2 OF 2 RESOLUTION 2019-16 A RESOLUTION OF THE CITY OF WINTER SPRINGS, FLORIDA, ADOPTING THE FINAL OPERATING MILLAGE RATE AND THE FINAL VOTED DEBT SERVICE MILLAGE RATE FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2019 AND ENDING ON SEPTEMBER 30, 2020; ANNOUNCING THE PERCENTAGE BY WHICH THE FINAL OPERATING MILLAGE RATE IS MORE THAN THE ROLLED-BACK RATE; PROVIDING FOR SEVERABILITY; PROVIDING FOR REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission of Winter Springs of Seminole County, Florida, on September 23, 2019, adopted Fiscal Year 2019-2020 Final Millage Rate following a public hearing as required by Florida Statute 200.065; WHEREAS, the City Commission of Winter Springs of Seminole County, Florida, held a public hearing as required by Florida Statute 200.065; WHEREAS, the gross taxable value for operating purposes not exempt from taxation within Seminole County has been certified by the Seminole County Property Appraiser to the City of Winter Springs as $2,517,669,920; WHEREAS, the City Commission of Winter Springs desires to adopt the final operating millage rate and publicly announce the percent, if any, by which the final operating millage rate is more than or less than the rolled-back rate; and WHEREAS, the City Commission 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. The City Commission adopts its final operating millage rate of 2.4300 mills for the fiscal year commencing October 1, 2019 and ending September 30, 2020. The voted debt millage rate has been discontinued. City of Winter Springs, Florida Resolution 2019-16 Page 1 of 2 Section 3. The final operating millage rate of 2.4300 mills is 6.72% more than the computed rolled-back rate of 2.2770 mills. Section 4. Within three (3) days of the date of this Resolution, the Finance Director shall forward the Resolution adopting the final millage rate to the Seminole County Property Appraiser and the Seminole County Tax Collector. Section 5. Within thirty (30) days of the date of this Resolution, the Finance Director shall certify compliance with Chapter 200, Florida Statutes by causing the Certification of Compliance, along with all necessary documentation, to be sent to the Property Tax Administration of the Department of Revenue. Section 6. 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 7. 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 8. 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 public hearing assembled on this 23rd day of September 2019. Charles Lacey, 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 2019-16 Page 2 of 2