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HomeMy WebLinkAboutR-14-20 Proposed MillageRESOLUTION NO. R -14 -20 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, ADOPTING A PROPOSED MILLAGE RATE OF 3.8556 MILLS FOR THE CALENDAR YEAR 2014; 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 EIGHT FIVE FIVE SIX (3.8556) MILLS against all real and tangible personal property for the calendar year (January 1, 2014 through December 31, 2014) 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, 2014 and ending September 30, 2015. Section 2. ROLLED -BACK RATE. The tax rate established in Section 1. is 8.77% higher than the computed "rolled- back" tax rate of 3.5446 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 All resolutions or parts of resolutions in conflict herewith are hereby repealed.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 The motion was seconded by Councilmember and, upon being put into a vote, the vote was as follows: Mayor Bob McPartlan Vice -Mayor Jim Hill Councilmember Andrea B. Coy Councilmember Richard Gillmor Councilmember Jerome Adams The Mayor thereupon declared this Resolution duly passed and adopted this 15th day of September 2014. ATTEST: Sally A. io, MMC City Clerk CITY OF SEBASTIAN, FLORIDA By: Bob McPartlan, Mayor Approved as to form and legality for the reliance by the City of Sebastian only: 4�� Robert Ginsburg, City Attorney