RESOLUTION NO. ________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA FINALLY ADOPTING 4.3179 MILLS AS THE FISCAL YEAR 2010-11 MILLAGE RATE FOR THE CITY OF LEESBURG, FLORIDA, REPRESENTING THE CURRENT YEAR PROPOSED AGGREGATE MILLAGE RATE OF 4.3179 MILLS WHICH IS 19.019% LESS THAN THE CURRENT YEAR ROLLED BACK RATE OF 5.332; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, discussions were held during the regular commission meeting of July 26, 2010 regarding the adoption of the Current Year Proposed Aggregate Millage Rate of 4.3179 mills which remains unchanged from the previous fiscal year and is 19.019% lower than the rolled back rate of 5.332 mills, and
WHEREAS, the Commission approved the Current Year Proposed Aggregate Millage Rate of 4.3179 mills and authorized the City Manager to execute and submit the Certificate of Taxable Value for Fiscal Year 2010-11 to the Lake County Property Appraiser at its regular meeting Monday July 26, 2010, and
WHEREAS, a tentative budget for Fiscal Year 2010-11 was presented to the City Commission of the City of Leesburg, Florida during workshops held July 19th, July 29th, August 2nd , and August 5th, 2010, and
WHEREAS, following a review of the tentative budget as submitted, the City of Leesburg, Florida, determined that a millage rate of 4.3179 mills is necessary to produce the budgetary revenue to fund budgetary operating expenditures during Fiscal Year 2010-11, and
WHEREAS, a Fiscal Year 2010-11 millage rate of 4.3179 mills represents the Current Year Proposed Aggregate Millage Rate
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Leesburg, Florida, that the tentative millage rate for the City of Leesburg, Florida, is hereby adopted at the rate of 4.3179 mills ($4.3179 per every $1,000 of taxable valuation) for the 2010 tax roll, which represents the Current Year Proposed Aggregate Millage Rate.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a special meeting held on the 27th day of September, 2010.