HomeMy WebLinkAbout1997 09 10 Regular Item A.1
COMMISSION AGENDA
ITEM
A.I
REGULAR xx
CONSENT
INFORMATIONAL
September 10, 1997
Meeting
MGR I?~T.
Authorization
REQUEST: The City Manager is requesting the City Commission hold a Public Hearing
relative to the approval of Resolution No. 829, setting the Tentative Millage Rate at 3.600
Mils or an alternative rate the Commission deems appropriate and adoption of same, and
relative to the adoption ofthe first reading of Ordinance No. 677 establishing the Tentative
Budget for Fiscal Year 1997-1998.
PURPOSE: The purpose of this agenda item is to have the Commission approve Resolution
No. 829 establishing the Tentative Millage Rate at 3.600 mils or an alternative rate the
Commission deems appropriate.
CONSIDERATIONS:
The actions requested in this agenda item are necessary to comply with the Truth in
11illage Act and to approve desired changes to the budget subsequent to the Budget Workshops.
The Commission can reduce the millage further at the final budget hearing scheduled for
September 22, 1997.
On July 25, 1997 the Commission established the proposed millage rate at 3.6883 mils including
.08 mils to finance $1,000,000 in neighborhood park improvements, however, at this time we do
not see a need for additional millage to finance the park improvements project.
ALTERNATIVES:
Millage
Rate
Roll Back Rate
Recommended Alternative
Current 11illage
3.5019
3.6000
3.6083
New
Revenue
Generated
$112,000
196,000
203,000
%
Tax
Increase
.00%
2.80%
3.02%
For comparison, a home with an assessed value of$100,000, the homeowners taxes
would reflect the following change.
Assessed value of$100,000
Assessed value of $1 00,000
Assessed value of $100,000
Millage
Rate
3.5019
3.6000
3.6083
RECOMMENDATION:
Dollar
Increase
$ 0.00
10.00
11.00
%
Increase
.00%
2.80%
3.02%
1. The Commission hold a Public Hearing relative to adoption of the Tentative
11illage and Annual Budget for Fiscal Year 1998, and
a) Adopt Resolution No. 829 setting the Tentative 11illage at 3.6000 mils, and at the
Final Budget hearing reduce the millage rate if so desired or an alternative rate the
Commission deems appropriate.
IMPLEMENTATION SCHEDULE:
Upon approval of the final budget hearing scheduled for September 22, 1997 the
Budget for Fiscal Year 1997 - 1998 would be implemented and become effective on
October 1, 1997.
ATTACHMENTS:
a. Resolution No. 829
COMMISSION ACTION:
RESOLUTION NO. 82.2
A RESOLUTION OF THE CITY OF WINTER SPRINGS,
FLORIDA, SETTING THE TENTATIVE AD VALOREM TAX
MILLAGE RATE AT 3.6000 MILS FOR THE CITY OF WINTER
SPRINGS, FLORIDA, FOR THE FISCAL YEAR 1997-1998,
SEVERABILITY, CONFLICTS AND EFFECTIVE DATE.
WHEREAS, the City Commission of Winter Springs, Florida, pursuant to
the general laws of the State of Florida, must set the Tentative Ad Valorem Tax 11illage
for the City of Winter Springs, Florida, and
WHEREAS, the City Commission deems it to be necessary and in the best
interest of the citizens of Winter Springs, Florida, to set the Tentative Ad Valorem
Millage rate at 3.6000 mils and thus continue the services now offered by the City as well
as provide funds for the continued growth of the City and to fund the budget for Fiscal
Year 1997-1998, and
WHEREAS, the City Commission is required by law to state the percent,
if any, by which the millage rate to be levied exceeds the rolled back rate, and
characterize such as the percentage increase in property taxes adopted by the
Commission.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA:
SECTION I: That pursuant to the General Laws of the State of Florida, the
Tentative Ad Valorem Tax millage rate is set at 3.6000 mills for the Fiscal Year October
1, 1997 and ending September 30, 1998 and said certified millage rate shall be forwarded
to the County Property Appraiser.
SECTION II: That the Tentative Ad Valorem millage rate of3.6000 mils
is set so that the City of Winter Springs, Florida, will be able to continue existing services
and provide for future growth and the City Commission deems it to be in the best interest
of the citizens of Winter Springs, Florida, and said 3.6000 mils be established as the Ad
Valorem Tax Millage rate to enable the City to completely fund the City's budget for the
Fiscal Year beginning October 1, 1997 and ending September 30, 1998.
SECTION III: That the tentative millage rate of3.6000 mils exceeds the
rolled back rate of3.5019 mils by (.0981) mils and is in fact a 2.8% change in property
taxes.
SECTION IV: This Resolution shall remain in force until supplemented,
amended, repealed or otherwise altered.
SECTION V: All resolutions or parts of resolutions in conflict with this
resolution are hereby repealed.
SECTION VI: This resolution shall take immediate effect upon its passage
and approval.
PASSED AND ADOPTED this
Day of
1997.
CITY OF WINTER SPRINGS
PAUL P. PARTYKA, 11AYOR
ATTEST:
CITY CLERK