0683 Millage Rate FY1995-96 ORDINANCE NO. 683
AN ORDINANCE LEVYING A MILLAGE RATE WHICH RATE IS SET ON
ALL REAL AND PERSONAL PROPERTY, PROVIDING THAT 3.94 PER
THOUSAND DOLLAR VALUATION SHALL NOT BE LEVIED ON
HOMESTEAD PROPERTY: THAT 3.94 PER THOUSAND DOLLAR
VALUATION SHALL BE USED FOR GENERAL CITY PURPOSES AND .26,
PER THOUSAND DOLLAR VALUATION INCLUDING HOMESTEAD,
SHALL BE USED TO PAY PRINCIPAL AND INTEREST ON GENERAL
OBLIGATION BONDS: THAT SAID MILLAGE RATE IS 15.32% LESS
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 3.94
per thousand dollar valuation on all real and personal property within the corporate limits
of said City, provided however, that 3.94 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, 3.94 per thousand dollar valuation shall
be used for general City purposes in carrying on and conducting the government of said City
and .26 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 is 15.32% under 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, 1995.
Introduced for first reading and public hearing on the 5th day of September, 1995.
G S E. KIRK, MAYOR
ATTEST:
BONNIE HOMAS, CMC, CITY CLERK
Adopted after second reading and second public hearing on the 19th day of September,
1995.
JO KS E. KIRK, MAYOR
Adak
NIINV ATTEST:
BONNIE THOMAS, CMC, CITY CLERK