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O88-44ORDINANCE NO. 88- 44 AN ORDINANCE OF .THE. CITY COMMISSION OF THE ..CITY OF~ BOk-NTON_.BEACH, FLORIDA, RATE~TOBE FISCAL YEAR~ THAT~ ,THE CITY~MANAGERSHALL ~.THE AUTHORITY TO ADJUST. THE MILLAGE RATEUPON RECEIPT OF .ROLL; PROVIDING FOR AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS, the City Charter of the City of Boynton Beach, Florida, and the Laws of Florida require an appropriation ordinance be passed by the City Commission of said municipality each year adopting the budget; and WHEREAS, Florida Statutes 200.065(2)(d) requires that prior to the adoption of the final budget that an ordinance stating the aggregate millage rate proposed by the municipality be passed; and WHEREAS, said ordinance must also state the percent of increase in property taxes adopted by the governing body; and WHEREAS, said aggregate millage rate must be adopted separately.and before the budget of the community; and the City of Boynton Beach, Florida, has procedures as outlined in Florida Statutes WHEREAS, followed the 200.065; and WHEREAS, Florida Statutes 200.065(5) provides for a ministerial adjustment of the aggregate millage rate after receipt of the final tax roll. NOW., THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF BO~NTON BEACH, FLORIDA: Section 1: That the Proposed Tentative Aggregate Millage Rate for the 1988-1989 Fiscal Year shall be 8.1498 (7.5909 for the General Fund, .0589 for the Publicity Fund and .5000 for the Capital Improvement Fund), plus .5848__~for Voted Debt Service for a total Proposed Tentative Millage LevY'of 8.7346 for the 1988-1'989 Fiscal Year. Section 2: That said Millage Rate exceeds the ~omputed roll-back rate by 20.8 percent. Section 3: That upon receipt of the final tax roll if said roll indicates that the certified taxable value ~ithin the district has decreased from the original tax roll oresented to the City by the Property Appraiser's Office, ~hat the City Manager shall within three (3) days make the uinisterial adjustment to the aggregate millage rate to · ssure that the same amount of taxes shall be collected by the City. Said adjustment shall be reported to the Property Appraiser within three (3) days of receipt of the final tax ~o11. Section 4: That this Ordinance shall become ~ffective upon its second reading and final passage. FIRST READING this .~ day of September, i988. SECOND, FINAL READING and PASSAGE this ~ day of City ~rk Corporate Seal) CITY OF BOYNTON BEACH, F~QRIDA Mayor U - Commissioner Commissioner