0662 Millage Rate FY 1993-94 ORDINANCE N0. 662
AN ORDINANCE LEVYING A MILLAGE RATE WHICH RATE IS SET ON
ALL REAL AND PERSONAL PROPERTY, PROVIDING THAT 4.94 PER
THOUSAND DOLLAR VALUATION SHALL NOT BE LEVIED ON
HOMESTEAD PROPERTY: THAT 4.94 PER THOUSAND DOLLAR
VALUATION SHALL BE USED FOR GENERAL CITY PURPOSES AND
.30, PER THOUSAND DOLLAR VALUATION INCLUDING HOMESTEAD,
SHALL BE USED TO PAY PRINCIPAL AND INTEREST ON GENERAL
OBLIGATION BONDS: THAT SAID MILLAGE RATE IS 20.492 MORE
THAN THE ROLL -BACK RATE COMPUTED IN ACCORDANCE WITH
F.S.200.065 (1); PROVIDING AN EFFECTIVE DATE:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OKEECHOBEE, FLORIDA AS FOLLOWS:
Section 1: The City Council of the City of Okeechobee, Florida
hereby levies a tax of 4.94 per thousand dollar valuation on all
real and personal property within the corporate limits of said
City, provided however, that 4.94 shall not be levied upon property
in the City of Okeechobee claimed and allowed as homestead in the
general laws of the State of Florida.
Section 2: That as designated in Section 1, hereof, 4.94 per
thousand dollar valuation shall be used for general City purposes
in carrying on and conducting the government of said City and .30
per thousand dollar valuation including homestead shall be used to
pay interest and principal on general obligation bonds maturing
during said fiscal year, such levy to be collected in cash and such
cash so collected to be kept in separate accounts for the purposes
designated herein.
Section 3: The millage rate adopted hereby over by 20.49% the
roll -back rate as computed in accordance with Florida Statutes
Section 200.065 (1).
Section 4: That this ordinance was proposed, considered and
adopted under the provisions of Florida Statutes Chapter 166 and
Section 200.065.
Section 5: This ordinance shall take effect October 1, 1993.
Introduced for first reading and public hearing on the 16th day of
September, 1993.
4
J E. KIRK, MAYOR
ATTEST:
BONNIE THOMAS, CMC, CITY CLERK
Adapted after second reading and second public hearing on the 28th
`day of September, 1993.
J V E. KIRK; MAYOR
ATTEST:
ONNIE THOMAS, CMC, CITY CLERK