Ordinance No. 20-85-40 vORDINANCE NO. 20-85-40
AN ORDINANCE ADOPTING AN OPERATING BUDGET FOR THE
CITY OF ATLANTIC BEACH, FLORIDA, FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1985, AND ENDING SEPTEM-
BER 30, 1986; PROVIDING FOR THE LEVY OF AD
VALOREM TAKES; PROVIDING AN EFFECTIVE DATE
BE IT ORDAINED 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 1985/86.
Section 2. That an ad valorem tax of $1.9535 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 herewith is the rolled back rate.
Section 3. That a tax of $.38 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 designated in the bond
indenture.
Section 4. This ordinance is proposed, considered and adopted
under the provisions of Chapter 166 and 200.065 Florida Statutes.
1985.
Section 5. This ordinance shall become effective October 1,
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Passed by the City Commission on First Reading September 10, 1985
Passed by the City Commission eco inal R9144 e tember 24 1985
i Iianf;S.,"HdW'L51l, Mayor, Presiding Officer
Approved as to Form
and Correctness:
</adge L.Mullis, i y ny
(SEAL)
ATTEST:
Adelaide`K. lucker Lmu, City L1er c —