HomeMy WebLinkAbout1993 05 19 Property Tax Expenditure Request•
City of Sebastian
POST OFFICE BOX 780127 ❑ SEBASTIAN, FLORIDA 32978
TELEPHONE (407) 589-5330 ❑ FAX (407) 589-5570
SUBJECT:
Taxes for Property Acquired
from General Development
Corporation as a result of
the Settlement Agreement
Approved For Submittal By:
City Manager
Agenda No.
Dept. Origin
Date Submitted
For Agenda of
Exhibits: 1.
q3. X73
Finance (LWN)
5-19-93
5-26-93
Schedule of
Parcels and
Amounts owed on
each.
EXPENDITURE AMOUNT APPROPRIATION
REQUIRED: $11,613.79 BUDGETED: -O- REQUIRED: $5,806.90
SUMMARY STATEMENT
• As a result of the settlement agreement with GDC, the City has
agreed to pay one half of the balance due for 1992 taxes. The
total bill for all parcels is $11,613.79 as calculated by the
Tax Collector's Office. The City's portion amounts to
$5,806.89. The City will pay the total amount of $11,613.79
and collect the balance from Gulf Atlantic. There were no
funds allocated for this expenditure in the fiscal 93 budget
and, therefore, an appropriation of $5,806.90 needs to be
authorized from the general fund unencumbered balance.
RECOMMENDED ACTION
• Move to appropriate $5,806.90 from the general fund
unencumbered balance and authorize the payment of $11,613.79
to the Indian River County Tax Collector for the 1992 taxes
owed on the GDC property settlement.
qa./ 7-3
city of Sebastian
POST OFFICE BOX 780127
u SEBASTIAN, FLORIDA 32978
TELEPHONE (407) 589-5330
❑ FAX (407) 589-5570
To: Charles I. Nash
-----------------------------------
_ C i ty- A t t -Q- ey---------------
LETTER OF TRANSMITTAL
Date: 6-3-92
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Attention:
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