RESOLUTION NO. _________

 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA FINALLY ADOPTING 5.1250 MILLS AS THE FISCAL YEAR 2012-13 MILLAGE RATE FOR THE CITY OF LEESBURG, FLORIDA, REPRESENTING THE CURRENT YEAR PROPOSED AGGREGATE MILLAGE RATE OF 5.1250 MILLS WHICH IS 12.77% MORE THAN THE CURRENT YEAR ROLLED BACK RATE OF 4.5448; AND PROVIDING AN EFFECTIVE DATE.

            WHEREAS, discussions were held during the regular commission meeting of July 23, 2012 regarding the adoption of the Current Year Proposed Aggregate Millage Rate, and

            WHEREAS, the Commission approved the Current Year Proposed Aggregate Millage Rate of 5.3179 mills and authorized the City Manager to execute and submit the Certificate of Taxable Value for Fiscal Year 2012-13 to the Lake County Property Appraiser at its regular meeting Monday, July 23, 2012, and

WHEREAS, a tentative budget for Fiscal Year 2012-13 was presented to the City Commission of the City of Leesburg, Florida during workshops held July 30^th, August 2^nd , 6^th and 9^th , 2012 and at a special meeting August 13^th , and

WHEREAS, following a review of the tentative budget as submitted, the City of Leesburg, Florida, determined that a millage rate of 5.1250 mills is necessary to produce the budgetary revenue to fund budgetary operating expenditures during Fiscal Year 2012-13, and

WHEREAS, a Fiscal Year 2012-13 millage rate of 5.1250 mills represents the Current Year Proposed Aggregate Millage Rate which is an increase from the previous fiscal year millage rate of 4.3179 mills and is 12.77% higher than the rolled back rate of 4.5448 mills

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 5.1250 mills (5.1250 per every $1,000 of taxable valuation) for the 2012 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 regular meeting held on the 24^th day of September, 2012.

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                                                                        Mayor

ATTEST:

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 City Clerk