HomeMy WebLinkAboutCity of Tamarac Resolution R-88-2501
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Temp. Reso. #5147
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-88-`� U
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TAMARAC, BROWARD COUNTY, FLORIDA
ADOPTING THE MILLAGE FOR THE 1988 TAX
ROLL; LEVYING A TAX ON ALL PROPERTIES,
REAL AND PERSONAL, WITHIN THE CORPORATE
LIMITS OF THE CITY OF TAMARAC, BROWARD
COUNTY, FLORIDA, FOR OPERATION AND/OR
MAINTENANCE EXPENSES OF THE CITY OF
TAMARAC; LEVYING A TAX FOR THE PAYMENT
OF PRINCIPAL AND INTEREST FOR BONDED
INDEBTEDNESS; PROVIDING AN EFFECTIVE
DATE.
WHEREAS, it has been determined that the sum of $3,574,554
for operation and/or maintenance expenses of the General Fund
for the October 1, 1988 through September 30, 1989 fiscal year
must be raised by a tax levy on all non-exempt real and
personal property within the corporate limits of the City of
Tamarac; and
WHEREAS, it has been determined that the sum of $58,822
for debt service expenses of the 1975 General Obligation Bonds
during the October 1, 1988 through September 30, 1989 fiscal
year must be levied on all non-exempt real and personal
property within the corporate limits of the City of Tamarac;
and
WHEREAS, it has been determined that the sum of $542,513
for debt service expenses of the 1986 General Obligation Bonds
during the October 1, 1988 through September 30, 1989 fiscal
year must be levied on all non --exempt real and personal
property within the corporate limits of the City of Tamarac;
and
WHEREAS, it has been determined that the sum of $264,116
for debt service expenses of the 1987 General Obligation Bonds
during the October 1, 1988 through September 30, 1989 fiscal
year must be levied on all non-exempt real and personal
property within the corporate limits of the City of Tamarac;
and
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Temp. Reso. #5147
WHEREAS, it has been determined by the Broward County
Property Appraiser that the assessed valuation of taxable
property on the 1988 Tax Roll, after certain exemptions have
been allowed, in accordance with the laws of the State of
Florida, amounts to the sum of $1,119,914,465 to be used as the
basis of the tax millage for operation and/or maintenance
expenses and debt service expenses.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF TAMARAC, FLORIDA:
SECTION 1: That the City Council of the City of. Tamarac
herewith levies 3.3598 mills on the total non-exempt valuation
of $1,119,914,465 and the receipts from said levy are to be
deposited in the General Fund to be used for the operation
and/or maintenance expenses of the City of Tamarac for the
October 1, 1988 through September 30, 1989 fiscal year.
SECTION 2: That an additional sum of 0.0553 mills is
herewith levied on the total non --exempt valuation of
$1,119,914,465 and the receipts from said levy are to be
deposited in the 1975 General Obligation Bond Fund to be used
during the October 1, 1988 through September 30, 1989 fiscal
year solely to pay principal, interest and for reserve
requirements on General Obligation Bonds of the City of
Tamarac, dated July 1, 1975.
SECTION 3: That an additional sum of 0.5100 mills is
herewith levied on the total non-exempt of $1,119,914,465 and
the receipts from said levy are to be deposited in the 1986
General Obligation Bond Fund to be used during the October 1,
1988 through September 30, 1989 fiscal year solely to pay
principal, interest, and for reserve requirements on General
Obligation Bonds of the City of Tamarac dated July 1, 1986.
SECTION 4: That an additional sum of 0.2483 mills is
herewith levied on the total non --exempt valuation of
$1,119,914,465 and the receipts from said levy are to be
deposited in the 1987 General Obligation Fund to be used during
the October 1, 1988 through September 30, 1989 fiscal year
solely to pay principal, interest, and for reserve requirements
on General Obligation Bonds of the City of Tamarac dated May 1,
1987.
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Temp. Reso. #5147
SECTION 5: That the City Council hereby finds and
determines that such levy of 3.3598 mills for operation and/or
maintenance expenses represents a 9.66% increase in property
tax rates.
SECTION 6: That such levy of
General Fund 3.3598
1975 General Obligation Bond Fund 0.0553
1986 General obligation Bond Fund 0.5100
1987 General Obligation Bond Fund 0.2483
Total Debt Service 0.8136
Total Millage �4 177334
be certified by the City Clerk to the Broward County Property
Appraiser by delivering a certified copy of this resolution so
that such tax levy and millage may be extended against all
property located within the corporate limits of the City of
Tamarac, Broward County, Florida liable for taxation.
SECTION 7: The City Clerk is hereby authorized and
instructed to forward to the tax collector of Broward County a
certified copy of this Resolution.
SECTION 8: The City Clerk is hereby authorized and
instructed to forward to the Department of Revenue and to the
comptroller of the State of Florida a certified copy of this
resolution.
SECTION 9: This resolution shall become effective
immediately upon adoption.
PASSED, ADOPTED, AND APPROVED this day of September,
1988.
ATTEST:
I NORMAN ABRAMOWITZ
MAYOR
CAROL A. EVANS RECORD OF COUNCIL VOTE
CITY CLERK MAYOR ABRAMOWITZ
I HEREBY CERTIFY that I have DISTRICT 1: C/M ROHR
approved this RESOLUTION as to
form. DISTRICT 2: V/M STELZER
DISTRICT 3: C/M HOFFMAN IZ�L
4�R—ICHARDTT DOO DISTRICT 4: C/M BENDER
CITY ATTORN -
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