HomeMy WebLinkAboutR-07-37 Millage RateRESOLUTION NO. R-07-37
A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN
RIVER COUNTY, FLORIDA, ADOPTING A MILEAGE
RATE OF 3.0519 MILLS FOR THE CALENDAR YEAR 2007
AND ALLOCATING SAME TO THE FISCAL YEAR
BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER
30, 2008; 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 Levied 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 hereby 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herewith are hereby repealed.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 Paternoster
The motion was seconded by Councilmember Neglia
into a vote, the vote was as follows:
Mayor Andrea B. Coy aye
Vice-Mayor Sal Neglia aye
Councilmember Al Paternoster aye
Councilmember Dale L Simchick aye
Councilmember Eugene Wolff aye
and, upon being put
The Mayor thereupon declared this Resolution duly passed and adopted this 19th day of
September 2007.
CITY OF SEBASTIAN, FLORIDA
=~~ ,
By: ~
Andrea B. Coy, ayor
ATTEST:
~~
Sally A. M~o, MMC City Clerk
Approved as to form and legality for the
reliance by the City of Sebastian only:
r-
«..
Rich Stringer, Cit ttorney
SECTION I Year:
lrCIt1111:ClLIVII VI IAJCQIJI~ V211Ut: FORDORUSEONLY DR-420
2~~7 City. R. 06(07
County: Indian River
Principal Authority: MUriiCipallty
rA:
Levy.
Taxing authority: ids City of Sebastian
(1) Current Year Taxable Value of Real Property for Operating Purposes
(2) Current Year Taxable Value of Personal Property for Operating Purposes
(3) Current Year Taxable Value of Centrally Assessed Properly for Operating Purposes
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) _ (4)
(5) Current Year Net New Taxable Value
(New Construction +Addifions + 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)
(6) Current Year Adjusted Taxable Value (4) - (5)
(7) PriorYearFINAL Gross Taxable Value (From Prior Year Applicable Form DR-403 Series)
(8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter 0)
$ 1,511,347,955 (1)
$ 57,420,080 (2)
$ 1,106,497 (3)
$ 1,569,874,532 (a)
$ 99,737,967 (5)
$ :1,470,136,565. (s)
$ 1,547,382,611 (7)'
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 Jnn-07 _~ J ,
SECTION I I TAXING AUTHORITY: If this portion of the form Is not completed in FULL your Autt
levy privilege for the tax year. K any line is inapplicable, enter NIA or -0-.
(9) Prior Year Operating Millage Levy
(10) Prior Year Ad Valorem Proceeds m x (9)
(11) Amount, ff any, paid or applied in prior year as a consequence of an obligation measured by a
dedicated increment value: Sum of either line (3)c or (4)a for all DR-42071E forms
(12) Adjusted Prior Year Ad Valorem Proceeds (10) - (11)
(13) Dedicated Increment Value, if any: Sum of either line (3)b or (4)e for all DR-42071E forms
(14) Adjusted Current Year Taxable Value (6) - (13)
(15) Current Year Rolled-Back Rate (12) divided by (14)
(16) Current Year Proposed Operating Millage Rate
millage
$ 3.0519 per$1,oo0 (9)
$ 4, 722, 457 (10)
$ 270,195.. (11)
$. ~ ~ ~ (14)
$ 3.2121 Per $1,000 (15)
$ 3.0519 ` ' per$~,ooo (~s)
(17) Check TYPE of Principal Authority (check one) County ~lndependent Sp.-0ist
®Municipality ~V1laterMan.District
(18) Check Applicable Taxing Authority (check one) ~PrincipalAuthority ~Dep.Spec.Dist. ~MSTU
(19) is millage levied in more than one county? (check one) nYes n No
(20) Current. Millage Levy for Voted Debt Service $ per $1,000 (20)
(21) Current Millage Levy for Other Voted Millage $ per $1,000 (21)
(22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special .Districts and $ ..0 (22)
MSTUsdevying 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 (23)
(24) The Current Year Aggregate,Rolled-Back Rate: (23) divided by (14) $ __.3 .2121 per $t,ooo (24)
(25) Current Year Aggregate Rolled-Back Taxes (4) x (24) , $ 5 ~ 042 , 594 (25)
(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 line (41 from all-Form DR-
a2os $ 4, 791.100
(26) -
(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
I do hereby certify illages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER, I certify that-
all mills com ' h the provisions of Section 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and offiaal signature at
C ~ y -. S~'1.aT1.' - ,Florida, this the 26tH day of JLl1.y. 2007 (Month, and Year)
- City Manager 1225 Main Street, Sebastian, FL 32958
ignature and Title of Chief AdminisVative Officer Address of Physical Loption
5 Street Sheri FYancis
Mailing Address Name of Contact Person
$ '3'.0519 perst,ooo (27)
-4.99 ~ (28)
iber.l0, 2007, 6:00 PM City Council
Cha>•libers; Sebastian City Hall, 1225 Main Street, Sebastian, FL 32958
Date, Time aril Place of file First Public.Bud9et Hearing:
Sebastian FL 32958 772-388-8205 772-388-8249
State Zip Phone # Fax #
SEE INSTRUCTIONS ON REVERSE SIDE