TO: Mayor and Commissioners
FROM: Jack Warner, Finance
THROUGH: Donald B. Cooper, City Manager
DATE: September 20, 2016
Title
RESOLUTION NO 45-16 FINAL MILLAGE LEVY DDA
Body
Recommended Action:
Recommendation
Recommend approval of Resolution No. 45-16 Final Millage Levy DDA.
Body
Background:
The item before Commission is Resolution No. 45-16 which levies a tax on all properties within the Downtown Development Authority (DDA) Taxing District of the City of Delray Beach. The DDA millage rate for FY 2017 is 1.0000.
The millage rate of 1.0000 for the DDA is no increase from FY 2016, but is more than the rolled back rate (0.8927) by 12.02%. The assessed valuation on all taxable property for operating purposes with the with the DDA Taxing District of the City of Delray Beach is $841,026,980.
City Attorney Review:
Approved as to form and legal sufficiency.
Finance Department Review:
Finance recommends approval.
Funding Source:
NA
Timing of Request:
This is the final adoption of the millage levy for the DDA.