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R04-156RESOLUTION R04- ! ~ A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA, ADOPTING A FINAL MILLAGE RATE OF 7.500 MILLS FOR THE CITY'S GENERAL OPERATING FUNDS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2004, AND ENDING SEPTEMBER 30, 2005; PROVIDING THAT THE FINAL MILLAGE RATE OF 7.500 MILLS IS 10.84 PERCENT ABOVE THE COMPUTED ROLLED-BACK RATE; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE. WHEREAS, a Final Budget has been reviewed and considered by the City Commission of the City of Boynton Beach, Florida, for the ensuing year, with detailed information, including revenues to be derived from sources other than ad valorem levy, and the City Manager has made recommendations as to the amount necessary to be appropriated for the ensuing year; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA: Section 1. That the final millage rate necessary to be levied against ad valorem valuation of property subject to taxation in the City of Boynton Beach, Florida, to produce a sufficient sum which together with departmental and other revenues will be sufficient to pay for appropriations made in the budget for the Fiscal Year beginning October 1, 2004, and ending September 30, 2005, is hereby set at 7.500 mills plus 0.1800 for Voted Debt Service for a total Final Millage rate of 7.6800. Section 2. The Final Millage rate of 7.500 mills is 10.84% above the computed rolled-back rate. Section 3. If any clause, section or other part of this Resolution shall be held by any court of competent jurisdiction to be unconstitutional or invalid, such unconstitutional or invalid part shall be considered as eliminated and shall in no way affect the validity of the remaining portions of this Resolution. Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 5. This Resolution shall become effective immediately upon passage. S:\CA\RESO\Budget\2004-05 Budget\Final Millage2004.docl PASSED & ADOPTED this oq ! day of September, 2004. ATTEST: City Clerk (Corporate Seal) CITY OF BOYNTON BEACH, FLORIDA S:\CA\RESO\Budget\2004-05 Budget~Final Millage2004.doc2