RESOLUTION NO. __________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA TENTATIVELY ADOPTING 4.3179 MILLS AS THE FISCAL YEAR 2008-09 MILLAGE RATE FOR THE CITY OF LEESBURG, FLORIDA, REPRESENTING THE CURRENT YEAR PROPOSED AGGREGATE MILLAGE RATE OF 4.3179 MILLS WHICH IS 8.91% LESS THAN THE CURRENT YEAR ROLLED BACK RATE OF 4.7402; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, discussions were held during the regular commission meeting July 28, 2008 regarding the adoption of the Current Year Proposed Aggregate Millage Rate of 4.3179 mills which reflects the percentage adjustment to the rolled back rate for the impact of Amendment 1 and the 7% penalty imposed by the State for the higher millage rate approved in the previous fiscal year, 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 2008-09 to the Lake County Property Appraiser at its regular meeting Monday July 28, 2008, and
WHEREAS, a tentative budget for Fiscal Year 2008-09 was presented to the City Commission of the City of Leesburg, Florida during workshops held August 12th, 18th, 21st, and September 4th , 2008, 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 sufficient revenue to fund operating expenditures during Fiscal Year 2008-09, and
WHEREAS, a Fiscal Year 2008-09 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 2008 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 11th day of September, 2008.