86-21 v RESOLUTION NO. 86-21
A RESOLUTION ADOPTING AN OPERATING BUDGET FOR THE
CITY OF ATLANTIC BEACH, FLORIDA, FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1986, AND ENDING SEPTEM-
BER 30, 1987; PROVIDING FOR THE LEVY OF AD
VALOREM TAXES
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF ATLANTIC
BEACH, FLORIDA:
Section 1. That the attached budget, incorporated and adopted
herein and made a part hereof as Exhibit A, be and it is hereby adopted
and approved by the City Commission of the City of Atlantic Beach,
Florida, as the budget for the City of Atlantic Beach for the fiscal
year 1986-87.
Section 2. That an ad valorem tax of $1.8892 per thousand
dollar valuation on all real and personal property be levied within the
corporate limits of said City, provided however, that said tax shall not
be levied upon property in the City of Atlantic Beach claimed and
allowed as homestead under the general laws of the State of Florida.
The millage approved herein is the rolled-back rate.
Section 3. That a tax of $.35 per thousand dollar valuation be
levied on all real and personal property within the corporate limits of
the City of Atlantic Beach including homesteads, and the funds raised
therefrom used to pay interest and principal on general obligation bonds
maturing during the fiscal year, such levy to be collected in cash and
kept in separate accounts for the purposes designed in the bond inden-
ture.
Section 4. This Resolution is proposed, considered and adopted
under the provisions of Chapter 166 and 200.065 Florida Statutes.
* * * * * * * * * * * * *
Adopted by the City Co i. e "ember 8, 1986
4V1,10--Z
William . Howell, Mayo , residing Officer
Apj-d as to Form and Correctness:
C aude L. Zullis, City Attorney
(SEAL)
ATTEST:
�j i
Adelaide R, Tucker, City Clerk