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HomeMy WebLinkAboutCity of Tamarac Resolution R-89-2371 2 Temp. Reso. *5554 3 CITY OF TAMARAC 4 RESOLUTION NO. R-89- 3 5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAMARAC, BROWARD COUNTY, FLORIDA ADOPTING THE 6 MILLAGE FOR THE 1989 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 9 INDEBTEDNESS; PROVIDING AN EFFECTIVE DATE. 10 11 WHEREAS, It has been determined that the sum of 12 $4,943,130 for operation and/or maintenance expenses of the 13 General Fund for the October 1, 1989 through September 30, 1990 14 fiscal year must be raised by a tax levy on all non-exempt real 15 and personal property within the corporate limits of the City 16 of Tamarac; and i7 WHEREAS, it has been determined that the sum of 1$ $40,630 for debt service expenses of the 1975 General 1 Obligation Bonds during the October 1, 1989 through September 2 30, 1990 fiscal year must be levied on all non-exempt real and 21 personal property within the corporate limits of the City of 22 Tamarac; and 23 WHEREAS, It has been determined that the sum of 24 $524,860 for debt service expenses of the 1986 General 25 Obligation Bonds during the October 1, 1989 through September 26 30, 1990 fiscal year must be levied on all non-exempt real and 27 personal property within the corporate limits of the City of 28 Tamarac; and 29 WHEREAS, it has been determined that the sum of 30 $246,070 for debt service expenses of the 1987 General 31 Obligation Bonds during the October 1, 1989 through September 3 30, 1990 fiscal year must be levied on all non-exempt real and 33 personal property within the corporate limits of the City of 34 Tamarac; and 35 WHEREAS, it has been determined by the Broward County Property Appraiser that the assessed valuation of taxable property on the 1989 Tax Roll, after certain exemptions have been allowed, In accordance with the laws of the State of 1 2 3 4 5 6 8 9 10 11 12 13 14 15 16 17 18 1 2 21 22 23 24 25 26 27 28 29 30 33 34 35 Florida, amounts to the sum of $1,264,676,984 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 4.1143 mills on the total non-exempt valuation of $1,264,676,984 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, 1989 through September 30, 1990 fiscal year. SECTION 2: That an additional sum of 0.0338 mills is herewith levied on the total non --exempt valuation of $1,264,676,984 and the receipts from said levy are to be deposited In the 1975 General Obligation Bond Fund to be used during the October 1, 1989 through September 30, 1990 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 0.4369 mills Is herewith levied on the total non-exempt of $1,264,676,984 and the receipts from said levy are to be deposited In the 1986 General Obligation Bond Fund to be used during the October 1, 1989 through September 30, 1990 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 0.2048 mills Is herewith levied on the total non-exempt valuation of $1,264,676,984 and the receipts from said levy are to be deposited In the 1987 General Obligation Fund to be used during the October 1, 1989 through September 30, 1990 fiscal year solely to pay principal, Interest, and for reserve requirements on General Obligation Bonds of the City of Tamarac dated May 1, 1987. SECTION 5: That the City Council hereby finds and determines that such levy of 4.1143 mills for operation and/or maintenance expenses exceeds the rolled -back rate by 23.51%. SECTION 6: That such levy of General Fund 4.1143 11 2 3 4 5 6 9 10 11 12 13 14 15 16 17 18 1 2 21 22 23 24 25 26 27 28 29 30 31 33 34 35 1975 General Obligation Bond Fund 0.0338 1986 General Obligation Bond Fund 0.4369 1987 General Obligation Bond Fund 0.2048 Total Debt Service 0.6755 Total Millage 4.7898 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 mlllage 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 26th day of September, 1989. MAYOR 'NORMAN ABRAMOW ! 1' ATTEST: CAROL A. EVANS CITY CLERK I HEREBY CERTIFY that I have approved this RESOLUTION as to form. RICHARD L. DOODY/ CITY ATTORNEY RECORD OF. COUNCIL VOTE MAYOR ABRAMOWITZ Gte I C— DISTRICT 1: C/M ROHR 6t,61 1 <L DISTRICT 2: C/M STELZER l DISTRICT 3: C/M HOFFMAN DISTRICT 4: V/M BENDER