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1. VILLAGE COUNCIL MEETING:
VILLAGE OF TEQUESTA
AGENDA ITEM TRANSMITTAL FORM
Meeting Date:
September 11, 2008 Meeting Type: Regular Ordinance #:
Consent Agenda: Resolution #: Res. 36-08
Originating Department: Finance
2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report)
Adoption of the Village of Tequesta's final millage rate of 5.7671 mills for fiscal year 2008-2009
3. BUDGET /FINANCIAL IMPACT:
Account #: N/A Amount of this item
Current Budgeted Amount Available: Amount Remaining after item:
Budget Transfer Required: _ Appropriate Fund Balance: Yes
4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item)
Council Adoption of the Village of Tequesta's final millage rate of 5.7671 mills for fiscal year 2008-2009
5. APPROVALS:
/'
Dept. Head: ~ ~'~ Finance Director:
Attorney: (for legal sufficiency)
Village Manager:
[^~ For financial sufficiency
^ No Financial Impact
Yes ^ No ^
• SUBMIT FOR COUNCIL DISCUSSION: [~
1.
• APPROVE ITEM: 1=J
• DENY ITEM: ^
2
Form amended 08/26/08 13
Routing Sheet Process
Send ALL completed forms to
Finance for review ONE WEEK prior
to agenda items due into Clerk's
Office.
Finance sends Routing Sheet to
Clerk by deadline.
Clerk formulates agenda and sends
to Manager for review /approval.
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MEMORAND~LTM ~r=4
FINANCE DEPARTMENT
DATE: SEPTEMBER 10, 2008
TO: MICHAEL R COUZZO, VILLAGE MANAGER
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: RESOLUTION # 36-08 ADOPTING A FINAL MILEAGE OF 5.7671 MILLS FOR
FISCAL YEAR 2008-2009
Attached please find Resolution # 36-08 adopting a final millage of 5.7671 mills for fiscal year
2008-2009.
9/10/081:47 PM
RESOLUTION 36-08
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, ADOPTING THE FINAL MILEAGE RATE FOR THE
VILLAGE OF TEQUESTA FOR THE FISCAL YEAR COMMENCING ON
OCTOBER 1, 2008 AND ENDING ON SEPTEMBER 30, 2009; PROVIDING AN
EFFECTIVE DATE; AND FOR OTHER PURPOSES.
WHEREAS, the Village Council of the Village of Tequesta has determined the sum of
$5,370,945 will be required to operate the Village during the next fiscal year; and
WHEREAS, the Real Estate and Personal Property Tax Roll for the current calendar year
as accepted evidence a total nonexempt valuation of $931,307,717; and
WHEREAS, pursuant to the provisions of Chapter 200, Florida Statutes, the Village of
Tequesta has the power to levy ad valorem taxes against real property and tangible personal
property in accordance with state law.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, THAT:
Section 1: The Village Council of the Village of Tequesta does hereby adopt its final
millage rate of 5.7671 mills to be levied for the general fund upon all real and tangible personal
property located with the boundaries of the above named taxing authority.
Section 2: The final levy of 5.7671 mills represents a 9.77% decrease over the
rolled-back rate of 6.3917mills.
Section 3: This final millage rate of 5.7671 mills is levied to fund expenses for the fiscal
year commencing October 1, 2008 and ending September 30, 2009.
Section 4: This Resolution shall take effect immediately upon its adoption by the
Village Council.
The foregoing Resolution was offered by _
moved its adoption. The motion was seconded by
upon being put to a vote, the vote was as follows:
who
and
For Adoption Against Adoption
Mayor Patricia Watkins
Vice-Mayor Calvin Turnquest
Council Member Vince Arena
Council Member Jim Humpage
Council Member Tom Paterno
The Mayor thereupon declared the Resolution duly passed and adopted this 13th day of
December, 2007.
MAYOR OF TEQUESTA
ATTEST:
Patricia Watkins
Lori McWilliams, CMC
Village Clerk