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HomeMy WebLinkAboutR-10-28RESOLUTION NO. R -10 -28 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, ADOPTING A PROPOSED MILLAGE RATE OF 3.3456 MILLS FOR THE CALENDAR YEAR 2010; 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 proposed to levy an Ad Valorem Tax of THREE POINT THREE FOUR FIVE SIX (3.3456) MILLS against all real and tangible personal property for the calendar year (January 1, 2010 through December 31, 2010) 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, 2010 and ending September 30, 2011. Section 2. ROLLED -BACK RATE. The tax rate established in Section 1. is 14.26% lower than the computed "rolled- back" tax rate of 3.9019 mills. Section 3. CONFLICT. All resolutions or parts of resolutions in conflict herewith are hereby repealed. Section 4. its adoption. EFFECTIVE DATE. This resolution shall take effect immediately upon The foregoing Resolution was moved for adoption by Councilmember coy The motion was seconded by Councilmember Hill and, upon being put into a vote, the vote was as follows: Mayor Richard H. Gillmor aye Vice -Mayor Jim Hill aye Councilmember Andrea B. Coy aye Councilmember Eugene Wolff aye Councilmember Don Wright aye The Mayor thereupon declared this Resolution duly passed and adopted this 13 day of September 2010. ATTEST: Sally A. M fo, MMC City Clerk CITY OF SEBASTIAN, FLORIDA Rich d Gillmor, Mayor Approved as to form and legality for the reliance by the City of Sebastian only: Robert Ginsburg, City Attorney