A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, FINALLY ADOPTING 4.500 MILLS AS THE FISCAL YEAR 2006-07 MILLAGE RATE FOR THE CITY OF LEESBURG, FLORIDA, REPRESENTING AN INCREASE OF 0.763 MILLS OR 20.42% OVER THE ROLLED-BACK RATE OF 3.737 MILLS, AND DIRECTING THE CITY MANAGER OR HIS AUTHORIZED REPRESENTATIVE TO CERTIFY SAID MILLAGE TO THE LAKE COUNTY PROPERTY APPRAISER, TAX COLLECTOR, AND THE FLORIDA DEPARTMENT OF REVENUE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Leesburg, Florida has prepared a tentative budget for Fiscal Year 2006-07, and
WHEREAS, following a review of the tentative budget, the City of Leesburg, Florida determines that a millage rate of 4.500 mills is necessary to produce sufficient revenue to fund operating expenditures during fiscal year 2006-07, and
WHEREAS, the millage rate of 4.500 mills results in an increase in aggregate ad valorem property taxes of 0.763 mills or 20.42% over the rolled-back rate of 3.737 mills for Fiscal Year 2006-07, and
WHEREAS, the City Commission of the City of Leesburg, Florida has reviewed and made revisions to the tentative budget for Fiscal Year 2006-07 and has held all hearings on the tentative budget and tentative millage rate as required by Chapter 200, Florida Statutes;
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 finally adopted at the rate of 4.500 mills ($4.50 per every $1,000 of taxable valuation) for the ad valorem tax roll for the Fiscal Year beginning October 1, 2006, constituting an increase of 0.763 mills in property taxes over the rolled-back rate; and
That the City Manager or his authorized representative is authorized to certify the adopted millage rate to the Lake County Property Appraiser, Tax Collector, and the Florida Department of Revenue, and further dispose thereof as required by the laws of Florida relating to municipal taxation.
PASSED AND ADOPTED at the regular meeting of the City Commission of the City of Leesburg, Florida on the 25th day of September, 2006.