HomeMy WebLinkAboutDocumentation_Special Meeting_07/23/2007VILLAGE OF TEQUESTA
MEETING AGENDA ROUTING SHEET
MEETING DATE: 7/23/07
AMENDED MEETING DATE: N/A
REQUESTED ACTION: Set proposed ad valorem millage rate for fiscal year
2007/2008 at 5.7671 mils per $1,000.00 of assessed value.
COVER MEMO ATTACHED: NO
CONSENT AGENDA OR REGULAR AGENDA: Regular
RESOLUTION OR ORDINANCE NUMBER:
ORIGINATING DEPARTMENT: Finance
DEPARTMENT HEAD APPROVAL: JoAnn Forsythe
FUNDING SOURCE: 2007/2008 BUDGET
APPROVALS:
FINANCE DIRECTOR
VILLAGE MANAGER
VILLAGE ATTORNEY (if Needed) Yes No
PLEASE RETURN TO VILLAGE CLERK TO PLACE ON THE AGENDA
RESOLUTION NO.58-06/07
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
SETTING THE PROPOSED AD VALOREM MILEAGE RATE
FOR THE VILLAGE OF TEQUESTA FOR FISCAL YEAR 2007-
2008 AT A RATE OF 5.7671 MILS PER $1,000.00 OF ASSESSED
VALUE.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF TEQUESTA,
PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
SECTION 1: The proposed millage rate of 5.7671 mils per $1,000.00 of assessed value,
necessary to fund the tentative budgets for the Fiscal Year of 2007/2008 is hereby set.
SECTION 2: The proposed millage rate of 5.7671 mils per $1,000 of assessed value for
the Fiscal Year of 2007/2008 is 9.0% less than the rolled-back millage rate of 6.3375 mils
per $1,000.00 of assessed value.
THE FOREGOING RESOLUTION WAS OFFERED by
who moved its adoption. The motion was seconded by ,and
being put to vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
James Humpage
Pat Watkins
Dan Amero
Tom Paterno
Calvin Turnquist
The Mayor thereupon declared the Resolution duly passed and adopted this 23 day of
July, A.D., 2007.
MAYOR OF TEQUESTA
ATTEST:
Lori McWilliams, CMC
Village Clerk
James Humpage
MUNICIPALITY MAXIMUM MILEAGE LEVY CALCULATION DR-420 M-P
PRELIMINARY DISCLOSURE N. o7io7
Year ~ ~~ / Municipality: ,(eQ w IrL- 5 rA
County P AL~1-~ ~ ~G1~ C. ~ Taxing Authority:
1. Has the municipality levied ad valorem taxes for less than five years?
^ YES: STOP HERE. Sign below and submit. Municipality is not subject to a limitation on millage in FY 2007-08.
NO: Go to line 2. _
2. Current Year Gross Taxable Value for Operating Purposes from Form DR-420, Line 4 ........................................ $ ^~ 0 /i!o . 9 SG .5.3.3 (21
3. Prior Year Operating Millage Levy from Form DR-420, Line 9 ............................................................................... $ ri. y9 0 per $1,000 (3)
4. Current Year Rolled-Back Rate from Form DR-420, Line 15 ................................................................................. $ ~ . 33 7 5 per $1,000 (4)
5. Compound annual growth rate in total per capita taxes levied of the municipality from
FY 2001-02 to 2006-07. (see instructions) ............................................................................................................ /~ . G 3 % (5)
6. Percentage of rolled-back rate allowed to be levied by a majority vote of the governing body. (see instructions) ~ % (6)
7. Is the municipality a "municipality of special financial concern"? (see instructions) (Check one) ^ YES ~NO
8. Did the municipality first levy ad valorem taxes in FY 2002-03? ^ YES ~NO
9. Current Year Proposed Operating Millage Rate from Form DR-420, Line 16 ........................................................ $ 5. 7~i 7~ per $1,000 (9)
10. Current Year Proposed Taxes (multiply Line 9 by Line 2) ...................................................................................... $ S B~O~ . 9 Z y (10)
11. Curr nt Year Proposed Operating Millage Rate to be adopted by: (Check one)
Majority vote of the governing body
+Maximum millage rate on Line 12 equal to percentage on Line 6 times the rolled-back rate on Line 4
^ Two-thirds vote of the governing body
+Maximum millage rate on Line 12 equal to the rolled-back rate on Line 4
^ Unanimous vote of the governing body (or 3/4 vote if governing body has nine or more members)
wMaximum millage rate on Line 12 equal to the prior year's operating millage rate on Line 3
^ By referendum
-Maximum millage rate on Line 12 as approved by referendum
You must provide a final Form DR-420 M with the final ordinance and voting record to the Department of Revenue after the final hearing.
12. The selection on Line 11 allows a maximum millage rate of : ................................................................................$ Jr. '7L "1 / per $1,000 (12)
13. Taxes levied at maximum millage rate (multiply Line 12 by Line 2) .....................................................................$ ~. l~b~T ~~ (13)
NOTE: The proposed millage rate on Line 9 must be equal to or less than the maximum millage rate on Line 12, UNLESS: the sum of the proposed taxes
to be levied by the municipality and all of its dependent special districts is less than or equal to the sum of the maximum taxes that could be levied by the
municipality and its dependent special districts. See Line 19 of the municipality's Form DR-420 M-P.
14. Is the proposed millage rate to be approved by a referendum of the voters? U YES: STOP HERE. Sign below and submit. )ZSI NO: Go to Line 15.
Total Proposed Taxes Levied:
15. Enter the Current Year Proposed Taxes of ALL Dependent Special Districts levying a millage.
(The sum of Line 10 from each District's Form DR-420 M-P) ................................................................................ $ d (15)
16. Total Current Year Proposed Taxes (add Line 10 and Line 15) ............................................................................. $ ST 4 + 9 ~~ (16)
Total Maximum Taxes:
17. Enter the Taxes at the Maximum Millage for ALL Dependent Special Districts levying a millage.
(The sum of Line 13 from each District's Form DR-420 M-P) ...............................................................................$ 0 (17)
18. Total Taxes at Maximum Millage Rate (add Line 13 and Line 17) .......................................................................... $ .'s~g~y~R l~/ (18)
Total Maximum vs. Total Proposed Taxes Levied:
19. Are the total c rr nt year proposed taxes on Line 16 less than or equal to the total taxes at maximum millage rate on Line 18?
(Check one) ~ YES: Proposed taxes levied comply with law.
^ NO: Proposed taxes levied DO NOT comply with law. If Line 16 is more than Line 18 on your Form DR-420 M following
your final hearing, you will lose the half-cent sales tax distribution.
Complete and submit this preliminary Form DR-420 M-P to the property appraiser. After you have adopted millage rates and budgets, you must give the
Department of Revenue a final Form DR-420 M after the final hearing.
I certify the millages and rates shown are correct to the best of my knowledge and belief
Signature and Title of Chief Administrative Officer
Mailing Address
Address of Physical Location
Name of Contact Person
City State Zip Phone # Fax #
SECTION I Year
County
CERTIFICATION OF TAXABLE VALUE
2007
Palm Beach
Principal Authority Tequesta Taxing Authority:
(1) Current Year Taxable Value of Real Property for Operating Purposes
(2) Current Year Taxable Value of Personal property for Operating Purposes
(3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (2) + (3) = (4)
(5) Current Year Net New Taxable Value
(New Construction + Additions + Rehabilitative Improvements increasing Assessed Value By At
Least 100% + Annexations + Total Tangible Personal Property Taxable Value In Excess of 115%
f P 1 Pro arty Taxable Value - Delatlons)
FOR DOR USE ONLY DR-420
City: R. 06!07
TA:
Levy: '
Te uesta
g 992,461,273 (q
$ 24,682,683 {2}
g 392 577 (3)
g 1,016,956,633 (a)
of the Previous Year s Total Tanglb a arsons p $ 14,173,021 (5)
(8) Current Year Adjusted Taxable Value (4) - {5) $ 1,002,783,512 (5)
(7) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Form DR-403 Series) $ 978,016,227 (7)
(8) Enter number of Tax Increment Value Worksheets (DR-420TIF) attached (If none, enter 0) 0
I do hereby certify the values shown herein to be correct io the best of my knowledge and belief. W< ass my and and officl I si nature
at West Palm Beach ,Florida, this the 29th day of June O7 (Month, and Year).
Si nalu of Property Appraiser
SECTION I I rexing Authority: If Ihte portion of the form is not completed In FULL your Authority will be dented TRIM certlflcatlon and possibly lose Its mlllaga levy
prlvllege for the tax year. Ir any Ilne Is Inappllceble, enter NJA ar -0-.
$ (~ . y' ~ per $t,ooo (g}
(9) Prior Year Operating Millage Levy
(10}Prior Year Ad Valorem Proceeds (7) x (9}
(11) Amount, if any, paid or applied in prior year as a consequesnce of an obilgation measured by a
dedicated Increment value: Sum of either line (3)c or (4)a for all DR-420TIF forms
(12) Adjusted Prior Year Ad Valorem Proceeds (10) - (11)
(13) Dedicated Increment Value, If any: Sum of either Ilse (3)b or (4)e for all DR-420TIF forms
(14)AdJusted Current Year Taxable Value (8) - (13)
{15) Current Year Rolled-Back Rate {12) divided by (14)
(18J Current Year Proposed Operating Millage Rate
$ ~ (11)
$ G ASS f 44 n2)
$ ~~ ~ (13)
$ ~(~ . 3 3 7 ~ Per $f,oao (15)
~ ~ ~~ ~~ par $1,000 (10)
(17) Check TYPE of Principal Authority (chock one) County ~ Independent Sp. Dist.
~Municlpality ~ Water Man. District
(18} Check Applicable Taxing Authority (check one) Prlnclpal Authority ~ Dep. Spoc Dist. ~ MSTU
(19) Is mlllaga levied In more than one counly7 (check one) Yes ~No
_. .. .. _,
(2o}-Current Millage Levy for Voted Debt Service $ ~ per $t,oao (20)
(21) Current Millage Levy for Other Voted Millage $ O per $1,000 (2i)
D~PENDENI' SPEOIAL~ pISTRIGTS~ANf3 MSTUt{ , $KJP 13ries (22) `- (28)
(22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special Districts $ Q (22)
and MSTUa levying a mlllaga. (The sum of Line (12} from each District's and MSTU's Form DR-420)
(23) Total Adjusted Prior Year Ad Valorem Proceeds (12) + (22)
(24) Current Year Aggregate Rolled-Back Rate: (23) divided by (14)
(25) Current Year Aggregate Rolled-Back Taxes (4) x (24)
(2t3) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing
Authority, all Dependent Districts, and MSTUs if any. Sum of line (18) x line (4) from all Form
DR-420s
(27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4)
(28) Current Year Proposed Rate as a Percent Change of Rolled-Back Rate:
[(Line 27 divided by line 24) - 1.00) x 100 ~ ' I
Date, Time and Place of the First Public Budget Mearing: T
i ~P 4~ a_c~Fr_ 11i I ICS o~ H~ u - 3 `# 5 1 +G'1 ueS l7(.
$ . 3 3 7 S per $t,ooo (24)
$ (25)
$ (28)
°/a (28)
alt millages comply with the provlslons of Section 200.185 and 200.071 or 200.081, F.S. WITNESS my hand and official signature at
,Florida, this the day of (Month, and Year)
Signature and Title of Chief Administrative Officer Address of Physical Locallon
Mailing Address Name of Contact Person
City Stale Zip Phone !/ Fax #
SEE INSTRUCTIONS ON REVERSE SIDE
McWilliams, Lori
From: Forsythe, Jody
Sent: Tuesday, July 17, 2007 1:37 PM
To: McWilliams, Lori
Cc: Couzzo, Michael; Gload, Michelle
Subject: Special meeting to adopt "Current Year Proposed Operating Millage Rate"
Lori,
I spoke with Dino with the Palm Beach County Property Appraiser's office who requested that we have the special
meeting sometime next week. He explained that the drop-dead date was July 30, 2007, however it took the PBC Property
Appraiser's office 5 days to run the report that must be reported for TRIM and that report is due to the DOR by August 6cn
Also, as we discussed, I spoke with David Beggs of the Florida State Department of Revenue regarding the Taxable
Value that the State used to compute compound annual growth rate in per capital taxes levied (this is used to determine
the "Maximum Millage rate" the Village can levy with a Majority vote of the Council"). David said that the D.O.R reviewed ~1
the Mayor's letter contesting the amount used in the calculation and determined last Thursday, July 12, 2007, that the ~/
using the Village/Palm Beach County's number did not change the compound annual growth rate enough to effect the
"Maximum Millage rate" calculation. We did not have this information in time to include it on the agenda of last Thursday's
meeting.
If you have any other questions, please let me know.
JoAnn Forsythe, CPA
Finance Director
Village of Tequesta
561-575-6207, ext. 207
iforsvthe(a~teauesta.or~
www.Tequesta.org
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CERTIFICATION OF TAXABLE VALUE
SECTION I Year 2007
County Pxlm Bcach
Principal Aufhority Tequesta Taxing Authority:
(1) Curcent Year Taxable Value of Real Property for Operating Purposes
{2) Current Year Taxable Value of Personal Properly for Operating Purposes
(3) Current Year Taxable Value of Centralty Assessed Property for Operating Purposes
(4) Curcent Year Gross Taxable Value for Operating Purposes (1) + (2) + (3} = (4)
(5) Curren! Year Net New Taxable Value
(New Conslrudion + Additions + Rehabilitative Improvements Increasing Assessed Value By Ai
Least 100% +Annezations + Total Tangible Personal Properly Taxable Value In Excess of 115%
of the Previous Year's Total Tangible Personal Property Taxable Value -Deletions)
(8j Current Year Adjusted Taxable Value (4) - (5)
(7) Prior Year FINAL Gross Taxable Value (From Prior Year Applicable Fwm DR-403 Series)
FOR DOR USE ONLY DR-426
City: R. 06!07
T!A
Levy:
Tequcsta
$ 992,481,273 (1)
s 24,082,683 (2)
$ 392,577 (3)
$ : • 1;018,956,533- (a)
$ 14,173,021 (5)
$ 1,002,783,612 (6)
3 978,016,227 (n
(8) Enter number of Tax Increment Value Worksheets (DR-420TtF) attached (If none, enter 0) 0
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Y1ri ass my and and office I sl pature
at West Paint Beach , Fbrtda, this the 29tH day of June 07 (Month, and Year).
S nai d Property Appraiser
SECTION I I Taxing Authority: It this portion of the form Is not completed In FULL your Autharlly will be dented TRIM cenincallon and possibly toss its millage levy
orlvlleae for the tax veer- If env line le Inanolfcable. enter NIA or -0-.
(9) Prior Year Operating Millage Levy
(10) Prior Year Ad Valorem Proceeds (7) x (9)
(11) Amount, if any, paid or applied in prior year as a consequesnce of an obligation measured by a
dedicated intx+ement value: Sum of either line (3)c or {4)a (or all DR-420TIF forms
(12) Adjusted Pdor Year Ad Valorem Proceeds (10) - {11)
(13) Dedicated Increment Value, if any: Sum of efther Ifne (3)b w (4)e for ail DR-420TIF forma
(14) Adjusted Current Year Taxable Value {8) - (13)
(15j Current Year Rolled-Bade Rate {12) divided by (14j
(18) Current Year Proposed Operating Millage Rate
$ 6.980 ~ per3r,rx>o (g)
$ (11)
$ d (13)
--
$ ~
per 81,000 {16)
~
Kra 3~7
$ /
~y
rj'- `7t~O / 1 Per 81,000 (18)
(17) Check TYPE of Principal Authority (check ape) County Independent Sp. Dist.
~Municlpality ~ Wafer Man. District
(18j Check Applicable Taxing Authority (check one) ~Prindpal Authority Dep. Spec Dlst. ~MSTU
(79) Is millage levied In more than one county? (check one) Yes ~No
s .::.,_;f'S r.°_?ii~??3'."E£~ki:., - -Y~•~n:a~u.,,:>: ~ :..:- - .._.._._._....._ _.. . 7n..._`.. n ... ......
(20) Cunent MiNage Levy for Voted Debt Service $ ~ _ __ P~ St,000 (2D)
{21) Curren! Millage Levy tw Other Voted Millage
St,6o0 (21)
(22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special Districts $ Q (22)
and MSTUs levying a miflage. (The sum of Line (t2) from each Dlstrkt's and MSTU's Form DR-420) t^ )~/ p
(23j Total Adjusted Prior Year Ad Valorem Prooeeda (12) + {22) $ ~ , ~ SJ , /7.7 (23)
(24j Current Year Aggregate Rolled-Back Rate:. (23) divided by (14) $ . 6, ~ ~~ per $1,000 (24)
(26) Current Year Aggregate Rolled-Back Taxes (4} x (24) $ ~~I~IL~~L•~!~~ Q~2_ (26}
(28) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal Taxing
Authority, aU Dependent Districts, and MSTUs ii any. Sum of line (18} x line (4) from all Form r Q/ ~~~
DR-4206 $ ~"l C!(O % (28)
(27) Current Year Proposed Aggregate Millage Rate: (26) divided by (4) $ ~ 1 1 T/o ? ~ per 51,000 (27)
(28) Current Year Proposed Rate as a Percent Change of Rolled-Back Rata:
{(line 27 divided by line 24) - 1.00] x 100 91, Q % (28)
Date, Time and Place of the First Pubic Budget Hearing:
Y II millages compry with the vis ns of Uon 200.185 and 200.071 or 200.0 1, F.S. WITNESS my hand antl official signature at
t Q, (n.~S`~. r-'1 Cl~h , Ft ,this the ~~day of ~~aoa?. (Month, and Year)
c 35f S --~ r~Ltl ~sr~ D,21 +1 ~.
3 ure Ti hi Admi ' OMcer ~ ~ ~-A~- ass or Physical Locatbn (,~
i% o ,u d Y'ole.s.~ ~1`/~t~t ~ ~r nl ~W t 2
Mailing Address Nama Caplet! arson
~~l.,~s1~73 ~t_ ?~3~b9 3l.,f -,~~.5'- (a~0 rj ~S`GI- 57.5 = do ~3~
City State lap Phone # Fax tl
SEE INSTRt1CTIONS ON REVERSE SIDE
MUNICIPALITY MAXIMUM MILEAGE LEVY CALCULATION oR-42o M-P
PRELIMINARY DISCLOSURE //~ N. 07!07
Year nn0~ Municpalily: ~J ~Q w ~ S r~
County C AIbK ~~} Gl~ Taxing Authority:
1. Has the municipality levied ad valorem taxes for teas than five years?
^ YES: STOP HERE, Sign below and submit. Municipality is not subject to a Itmltation on mitlage to FY 2007-08.
NO: Go to Tina 2.
2. Current Year Gross Taxable Value for Operating Purposes from Farm DR-420, Linea ........................................ $ S (2)
3. Prior Year Operating Millage Levy from Form DR-420, Line 9 ............................................................................... $ Per $1,000 (3)
4. Current Year Rolled-Bade Rate from Form DR-420, Line 15 .................................................................................$ ti . ®~7 S Per $1,000 (4)
5. Compound annual growth rate In total per capita taxes levied of the municipality from
FY 2001.02 to 2008-07. (see instructfans) ............................................................................................................ /pit,, .G 3 % (!i)
6. Percentage of rolled-back rate allowed to be levied by a majority vote of the governing body. (see instructions} 9 ~ °~, (8)
7. is the municpality a "municpality of spedat financial wncem°? (sea instructic s) (Check one) ^ YES ~NO
8. Did the municipality first levy ad valorem texas in FY 2002-03? ^ YES ~NO
9. Current Year Proposed Operating Millage Rate from Farm DR-420, Line 16 ........................................................$ Jam. 7G 7~ per $1,000 (9)
10. Current Year Proposed Taxes (multiply Line 9 by Line 2) ......................................................................................$ ~ _Ab~ ~ Z ~ (10j
11, Cur nt Year Proposed Operating Millage Rale to be adopted by: (Check one}
MaJodiy vote of the governing body
+Maximum mitlage rate on Line 12 equal to percentage an Line 8 times the rolled-back rate on Lina 4
^ Two-thirds vote of the governing body
+Maximum mitlage rate an Line 12 equal to the roiled-bade rate on Line 4
^ Unanimous vote of the governing body (or 3!4 vote it governing body has nine or more members)
•rMaxlmum mitlage rate on Llne 12 equal to the prior year's operating mlllage rate on Une 3
^ 8y referendum
•-Maximum mitlage rate on Line 12 as approved by referendum
You must provide a floe! Form DR-420 tM with the final ordinance and voting record to the Department of Revenue after the final hearing.
12. The seledion on Line 11 allows a maximum mitlage rate eL• ................................................................................ $ .iS. "~L "r / per $1,000 {12)
13. Taxes levied at maximum mitlage rate (multiply Llne 12 by Line 2) .....................................................................$ ~. ~d~ ~~ g ~~ (13)
NOTE: The proposed mlllage rate on Line g must be aqua! to or less than the maximum mitlage rate on Line 12, UNLESS: the sum of the proposed taxes
to be levied by the munidpality and all of its dependent special districts is less than or equal to the sum of the maximum taxes that could be levied by the
munidpality and its dependent spade! districts. See Llne 19 of the munidpality's Form DR-420 M-P.
14. Is the proposed mlllage rate to be approved by a referendum of the votera7 U YES: STOP FiERE. Sign below and submit. )L5- NO: Go to Line 15.
Total Proposed Taxes Levied:
15. Enter the Currant Year Proposed Taxes of ALL Dependent Spedal Distrids levying a mlllage.
(The sum of Line 10 from each Distrid's Form DR-420 M-P) ................................................................................ $ ___.-~ (16)
18. Total Current Year Proposed Taxes (add Line 10 and Line 15) ............................................................................. $ ~_~ Y~~ (18)
Total Maximum faxes:
1T. Enter the Taxes at the Maximum Millage for ALL Dependent Spedal Districts levying a mitlage.
(The sum of Line 13 from each District's Form DR-420 M-P) ............................................................................... $ ~ (17)
18. Total Taxes at Maximum Mlifage Rale (add Line 13 and Line 17} ..........................................................................$ ~ !<IG ~~ ~ l~f (18)
Total Maximum va, Total Proposed Taxes Levied:
19. Are the total rr nt year proposed taxes on Line 18 less than or equal to the total taxes at maximum mlllage rate an Line 18?
(Check one) ~ YES: Proposed taxes levied comply with law.
NO: Proposed taxes levlad DO NOT comply with law. If Llne 16 Is more than Line 18 on your Form DR-420 M follawing
your final hearing, you will lose the half-cent sales tax dlstributlan.
Complete and submit this prellmhlary Form DR-420 M-P to U1e property appraiser. After you have adopted mlllage rates and budgets, you must give the
Department of Revenue a ftnai Form DR-420 M after the final hearing.
I certify fie miilages and rat s shown are correct to the best of my kno ledge and belief.
r ; 3Y5 /~owa~s r~ ~2
pnalwe ilb Chle inialralive Orficer ~ Addra~sfa~of Physicals
ft/ t~ _ 11I (?aQ.S/A Yf1 `r /A~I~~C /2
tAallinp Address me of nlaGl Person
.~~Qw~srA 1F'~ 33S/b~' S~1- 5?~-r~.~o7 S'7~-Gi
City Stale Zip ^'~hone q Fex A
