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Home My WebLink AboutR-07-34 Millage RateRESOLUTION NO. R-07-34 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, ADOPTING A PROPOSED MILEAGE RATE OF 3.0519 MILLS FOR THE CALENDAR YEAR 2007; 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. MILEAGE RATE LEVY. There is hereby proposed to levy an Ad Valorem Tax of THREE POINT ZERO FIVE ONE NINE (3.0519) MILLS against all real and tangible personal property for the calendar year (January 1, 2007 through December 31, 2007) and the resulting tax revenue is to be appropriated for the General Operating Fund of the City of Sebastian for the fiscal year beginning October, 1, 2007 and ending September 30, 2008. Section 2. ROLLED-BACK RATE. The tax rate established in Section 1. is 4.99% lower than the computed "rolled-back" tax rate of 3.2121 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 All resolutions or parts of resolutions in conflict herewith are hereby repealed.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 Neglia The motion was seconded by Councilmember Paternoster and, upon being put into a vote, the vote was as follows: Mayor Andrea B. Coy Vice-Mayor Sal Neglia Councilmember Al Paternoster Councilmember Dale I. Simchick Councilmember Eugene Wolff aye The Mayor thereupon declared this Resolution duly passed and adopted this 10th day of September 2007. CITY OF SEBASTIAN, FLORIDA B Y Andrea B. Coy, r ATTEST: ~. Sally A. M~Io, MMC City Clerk Approved as to form and legality for the reliance~~~ the City of Sebastian only: > _ r` ~~ Rich Stringer, Ci At rney Certification of Taxable Value FOR DOR USE ONLY DR-420 SECTION I Year: 2007 City: R. 06/07 TA: County: Indian River Levy: Principal Authority: Municipality Taxing Authority: ids City of Sebastian (1) Current Year Taxable Value of Real Property for Operating Purposes $ 1,511,347,955 (1) (2) Current Year Taxable Value of Personal Property for Operating Purposes $ 57,420,080 (2) (3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes $ 1,106,497 (3) (4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) _ (4) $ 1,569,874,532 (4) (5) Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative Improvements Increasing Assessed Value By At Least 100%+Annexations + Total Tangible Personal Property Taxable Value In Excess of 115% of the Previous Year's Total Tangible Personal Property Taxable Value -Deletions) $ 99,737,967 (s) (6) Current Year Adjusted Taxable Value (4) - (5) $ 1,470,136,565 (6) (7) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) $ 1,547,382,611 (7) (8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter 0) 2 I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at Vero Beach ,Florida, this the 28 day of Jun-07 ~ J ~ j;Mor~i, and Year) SECTION I I TAXING AUTHORITY: If this portion of the form is not completed in FULL your Authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-. (9) Prior Year Operating Millage Levy $ 3.0519 per $1,000 (9) (10) Prior Year Ad Valorem Proceeds (7) x (9) $ 4, 722, 457 (10) (11) Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a 270 195 dedicated increment value: Sum of either line (3)c or (4)a for all DR-420TIF forms $ . (11) (12) Adjusted Prior Year Ad Valorem Proceeds (10) - (11) $ 4, 452, 26 (1z> (13) Dedicated Increment Value, if any: Sum of either line (3)b or (4)e for all DR-420TIF forms $ 84 r 040, 278 (13) (14) Adjusted Current Year Taxable Value (6) - (13) $ 1 r ~ . (14) (15) Current Year Rolled-Back Rate (12) divided by (14) $ 3.2121 per $1,000 (15) (16) Current Year Proposed Operating Millage Rate $ 3.0519 per $1,000 (16) (17) Check TYPE of Principal Authority (check one) County Independent Sp. Dist. ®Municipality Water Man. District (18) Check Applicable Taxing Authority (check one) Principal Authority Dep. Spec. Dist. ~MSTU (19) Is millage levied in more than one county? (check one) Yes ~No .. _.. :_.:.. (20) Current Millage Levy for Voted Debt Service $ .. ~:. '..S :..T. _. :. per $1,000 (20) (21) Current Millage Levy for Other Voted Millage $ per $t,ooo (21) _ ._,-. _ DEPENDENT SPECIAL DISTRICTS AND MSTU§ SKIP lines ,_ (22) through (26) - (22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special Districts and $ 0 (22) MSTUs levying a millage. (The sum of Line (12) from each District's and MSTU's Form DR-420) (23) Total Adjusted Prior Year Ad Valorem Proceeds: (12) + (22) $ 4 , 452, 262 (24) The Current Year Aggregate Rolled-Back Rate: (23) divided by (14) $ 3 .2121 (25) Current Year Aggregate Rolled-Back Taxes (4) x (24) $ 5 , 042 , 594 (26) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts, and MSTUs if any. Sum of line_~16) x_ln_e,(4) from all. Form DR-__ ___- - -- ---- - - - - 42os $ 4, 791,100 (27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4) (28) Current Year Proposed Rate as a Percent Change of Rolled-Back Rate: [(Line 27 divided by Line 24) - 1.00] x 100 (23) per $1,000 (24) (25) (2s) $ 3.0519 -4.99 Date, Time and Place of the First Public Budget Hearing: MOndaV, September 10, 2007, 6:00 PM City Council Chambers, S Bastian Citv Hall, 1225 Main Street, Sebastian, FL 3 I do her y certify th millages~nd rates shown herein to be correct to the best of my knowledge and belief. FURTHER, I certify that all mill es com y ith the provisions of Section 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and official signature at y Stlan ,Florida, this the 26th day of July, 2007 (Month, and Year) City Manager 1225 Main Street, Sebastian, FL 32958 ignature and Title of Chief Administrative Officer Address of Physical Location 5 in Street Shai Francis per $1,000 (27) °i° (2s) `- mawng ~acoress Name of Contact Person Sebastian FL 32958 772-388-8205 772-388-8249 City State Zip Phone # Fax # SEE INSTRUCTIONS ON REVERSE SIDE INSTRUCTIONS FOR REVISED DR-420 DR-420 R. 06/07 DR-420 General Instructions: "Principal Authority" is a county, municipality, or independent special district (including water management districts). "Taxing Authority" is the entity levying the millage. This includes the principal authority, any special district dependent to the principal authority, and any county municipal service taxing unit (MSTU). Each taxing authority must submit to their property appraiser a DR-420 and the following forms as applicable: DR-420TIF -Tax Increment Financing DR-420C -Counties, including any dependent special districts and MSTUs DR-420M -Municipalities, including any dependent special districts DR-4201-Independent special districts Section I: Property Appraiser Instructions A. Complete Section I for each county, municipality, independent special district, dependent special district, MSTU, and multi-county taxing authority. Send a copy to each taxing authority and keep a copy. When the taxing authority returns the DR-420 and their accompanying form(s), immediately send a copy to: Florida Department of Revenue Property Tax Administration Program -TRIM Section Post Office Box 3000 Tallahassee, Florida 32315-3000 B. Complete lines (1) through (8). C. Use this form for all taxing authorities except school districts. D. Enter only taxable values that apply to the taxing authority indicated. Use a separate form for the principal authority and each dependent district and MSTU. Section II: Taxing Authority Instructions A. Complete Section II. Keep one copy, return two copies to your property appraiser with the applicable DR-420TIF, C, M or I, within 35 days of certification. Send one copy to your tax collector. B. "Dependent special district" (ss. 200.001(8)(d) and 189.403(2), F.S.) means a special district that meets at least one of the following criteria: (a) The membership of its governing body is identical to that of the governing body of a single county or a single municipality. (b) All members of its governing body are appointed by the governing body of a single county or a single municipality. (c) During their unexpired terms, members of the special district's governing body are subject to removal at will by the governing body of a single county or a single municipality. (d) The district has a budget that requires approval through an affirmative vote or can be vetoed by the governing body of a single county or a single municipality. C. "Independent special district" (ss. 200.001(8)(e) and 189.403(3), F.S.) means a special district that is not a dependent special district as defined above. A district that includes more than one county is an independent special district unless the district lies wholly within the boundaries of a single municipality. D. "Nonvoted millage" is any millage not defined as a "voted millage" in_ s,_20_0_.00.1(8~(f),_F.S~ -- - --- -- Additional Instructions for Lines: (5) Beginning in 2007, net new taxable value must include the total taxable value of tangible personal property within the jurisdiction over 115% of the previous year's total. See s. 200.065(1)., F.S., as amended by chapter 2007-XXX, L.O.F., HB0001b. (8), (11) and (13) Beginning in 2007, adjustments to the calculation of the rolled-back rate must be made for tax increment values and payment amounts. See the instructions for form DR-420TIF, relating to Tax Increment Financing. Enter the number of DR-420TIF forms attached for the taxing authority on line (8). • Enter 0 if none. On lines (11) and (13) carry forward values from the DR-420TIF forms. (21) Include voted levies over the 10 mill cap for a period not to exceed 2 years, (Article VII, Section 9(b), State Constitution). Do not include levies approved by referendum but not required under the State Constitution. (26) DO NOT include levies other than those derived from millage rates. DO NOT include voted debt service or other voted levies included on lines (20) or (21).