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HomeMy WebLinkAboutR-16-27 Adopted Millage Rate of 3.8000RESOLUTION NO. R-16-27 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, ADOPTING A MILLAGE RATE OF 3.8000 MILLS FOR THE CALENDAR YEAR 2016 AND ALLOCATING SAME TO THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30,2017; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, that: Section 1. MILLAGE RATE LEVY. There is hereby Levied an Ad Valorem Tax of THREE POINT EIGHT (3.8000) MILLS against all real and tangible personal property for the calendar year (January 1, 2016 through December 31, 2016) and the resulting tax revenue is hereby appropriated for the General Operating Fund of the City of Sebastian for the fiscal year beginning October, 1, 2016 and ending September 30, 2017. Section 2. ROLLED -BACK RATE. The tax rate established in Section 1. is 3.54% higher than the computed "rolled -back" tax rate of 3.6700 mills. Section 3. CONFLICT. All resolutions or parts of resolutions in conflict herewith are hereby repealed. Section 4. EFFECTIVE DATE. This resolution shall take effect immediately upon its adoption. The foregoing Resolution was moved for adoption by Councilmember mrpartlan• The motion was seconded by Councilmember Adams and, upon being put into a vote, the vote was as follows: Mayor Bob McPartlan aye Vice -Mayor Jerome Adams aye Councilmember Andrea B. Coy aye Councilmember Richard Gillmor absent Councilmember Jim Hill nay The Mayor thereupon declared this Resolution duly passed and adopted this 280' day of September 2016. ATTEST: �� �n.�ucrXnq vette �Uilliams, City Clerk CITY OF S ^ BASTIAN By: Bob MCPart an, Mayor Approved as to form and legality for the reliance by the City of Sebastian only: Robert Ginsburg, CityAttorney