Resolution - Ad Valorem Tax
CITY OF DANIA BEACH
Agenda Request Item
Type of Request: Adopt Resolution
(Adopt Resolution, Adopt Ordinance (1st Reading) Adopt Ordinance (2nd Reading)
Award Bid /RFP, Presentation, Public Hearing)
|
Requested Action (Identify appropriate Action or Motion) |
|
Motion to approve Resolution |
|
Description of Action |
|
Recommendation is to maintain City’s existing operating millage rate at 5.9998 mils and also approve the necessary annual voter-approved debt service millage rate at .2595 mils. |
|
Purchasing Requests ONLY |
||
|
Fund: (Select from: General, Water, Sewer, Stormwater, Grants, Capital) |
||
|
Fiscal Impact/Cost Summary |
|
Net tax revenue from ad valorem (less 5% estimated uncollectible) provides annual funding of $15,912,353. Annual voter approved debt service millage (less 5% estimated uncollectible) provides loan repayment funding of $688,275. |
|
Exhibits Attached |
|
|
Memo, Resolution |
|