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HomeMy WebLinkAboutR-11-21RESOLUTION NO. R -11 -21 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, ADOPTING A MILLAGE RATE OF 3.3041 MILLS FOR THE CALENDAR YEAR 2011 AND ALLOCATING SAME TO THE FISCAL YEAR BEGINNING OCTOBER 1, 2011 AND ENDING SEPTEMBER 30, 2012; 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 THREE ZERO FOUR ONE (3.3041) MILLS against all real and tangible personal property for the calendar year (January 1, 2011 through December 31, 2011) 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, 2011 and ending September 30, 2012. Section 2. ROLLED -BACK RATE. The tax rate established in Section 1. is 11.44% lower than the computed "rolled- back" tax rate of 3.7311 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 All resolutions or parts of resolutions in conflict herewith are hereby repealed.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 coy The motion was seconded by Councilmember Wright and, upon being put into a vote, the vote was as follows: Mayor Jim Hill aye Vice -Mayor Don Wright aye Councilmember Andrea B. Coy aye Councilmember Richard H. Gillmor aye Councilmember Eugene Wolff aye The Mayor thereupon declared this Resolution duly passed and adopted this 28th day of September 2011. ATTEST: Sally A. M • 'o, MMC City Clerk CITY OF SEBASTIAN, FLORIDA By: Approved as to form and legality for the reliance by the City of Sebastian only: Robb e Ginsburg, City A rney