File #: 17-718    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/25/2017 In control: City Commission
On agenda: 9/26/2017 Final action: 9/26/2017
Title: RESOLUTION NO. 61-17 FINAL MILLAGE LEVY DDA
Sponsors: Finance Department
Attachments: 1. Res 61-17 Tax Levy DDA FY 2018, 2. DDA 2017_18 Approved Budget for City Commission 9.7.pdf, 3. Topline FY 17-18 Initiative Memo, 4. Delray Beach DDA FY17-18 Millage Approval Memo 9.7.17, 5. Prioritizing Initiatives DDA V2 SUMMARY 170602 (3)

TO:                                          Mayor and Commissioners

FROM:                     Laura Simon, Executive Director DDA

THROUGH:                     Chief Neal de Jesus, Interim City Manager

DATE:                     September 26, 2017

 

Title

RESOLUTION NO. 61-17 FINAL MILLAGE LEVY DDA

 

Body

Recommended Action:

Recommendation

Recommend approval of Resolution No. 61-17 Final Millage Levy DDA.

 

Body

Background:

The item before Commission is Resolution No. 61-17 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 2018 is 1.0000.

 

The millage rate of 1.0000 for the DDA is no increase from FY 2017, but is more than the rolled back rate (0.8968) by 11.51%. The assessed valuation on all taxable property for operating purposes with the DDA Taxing District of the City of Delray Beach is $983,771,941.

 

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.