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Exh 6AAGENDA ITEM #6A SEPTEMBER 23, 2002 RESOLUTION N0.02-19 A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA .LEVYING THE AD VALOREM PROPERTY TAX MILEAGE RATE FOR MUNICIPAL PURPOSES ON ALL TAXABLE PROPERTY WITHIN THE. CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2002 AND ENDING SEPTEMBER 30, 2003; STATING THE .PERCENTAGE BY WHICH THE MILEAGE TO BE 'LEVIED EXCEEDS THE ROLLED-BACK RATE; AND, PROVH)ING AN EFFECTIVE DATE. WHEREAS, Florida law requires the City Commission of the City of Atlantic Beach, Florida, to pass a resolution levying the millage rate for ad valorem property taxes for municipal purposes on all taxable property within the city limits of the City of Atlantic Beach, Florida, for the fiscal yeaz beginning October 1, 2002 and ending September 30, 2003; and WHEREAS, Florida law requires said resolution to state the millage rate to be levied, and also, to state the percentage by which the millage rate to be levied exceeds the rolled-back rate as computed pursuant to Florida law; and WHEREAS, the City Commission of the City of Atlantic Beach, Florida, has duly considered the budgetary requirements of the City; has adopted a tentative budget for the fiscal yeaz beginning October 1,2002 and ending September 30, 2003, based on a millage rate of 3.1721 mills on the taxable property within the City; and has acted in accordance with the terms, provisions, and procedures contained in section 200.065, Florida Statutes; NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Atlantic Beach; Florida, that 1. The ad valorem property tax millage rate for municipal purposes to be levied on the taxable property within the city limits of the City of Atlantic Beach, Florida, during the fiscal yeaz beginning Octoberl, 2002 and ending September 30, 2003, is hereby set at the rate of 3.1721 mills. 2. The percentage by which this millage rate to be levied exceeds the rolled-back rate of 2.8783 is 10.21. 3. This resolution shall take effect immediately upon its passage and adoption by the City Commission of the City of Atlantic Beach, Florida. ADOPTED at a public hearing by the City Commission of the City of Atlantic Beach, Florida on the 23`d day of September 2002. AGENDA ITEM #6A SEPTEMBER 23, 2002 John S. Meserve Mayor /Presiding Officer Approved as to form and correctness: 'Alan C. Jensen, Esquire City Attorney ATTEST: Maureen King, CMC City Clerk AGENDA ITEM #6A SEPTEMBER 23, 2002 ADOPTION OF MILEAGE AND OPERATING BUDGET FOR FISCAL YEAR 2002/2003 First item to be considered: Adoption of a Millage Rate State the following: The Millage Rate is 3.1721 The Roll Back Rate is 2.8783 The Millage is 10.21% higher than the Roll-Back Rate The purpose for the increase in ad valorem tax revenue is to maintain adequate funding for the existing level of service at anticipated increased cost. Motion to adopt a Millage Rate for operating purposes of 3.1721 Open Public Hearing Close Public Heazing and Vote Second item to be considered: The Ordinance #20-02-55 establishing the Operating Budget for fiscal year 2002/2003 of $22,670,810 Motion to adopt Ordinance #20-02-55 establishing the Operating Budget for fiscal yeaz 2002/2003 Open a Public Hearing Close Public Hearing and Vote