0607 Millage Rate FY 1988-89 ORDINANCE NO. 607
AN ORDINANCE LEVYING A MILLAGE RATE WHICH RATE
IS SET AT 4.54 PER THOUSAND ON ALL REAL AND
PERSONAL PROPERTY, PROVIDING THAT 4.15 SHALL
NOT BE LEVIED ON HOMESTEAD PROPERTY: THAT 4.15
111 SHALL BE USED FOR GENERAL CITY PURPOSES AND .39,
INCLUDING HOMESTEAD, SHALL BE USED TO PAY
PRINCIPAL AND INTEREST ON GENERAL OBLIGATION
BONDS: THAT SAID MILLAGE RATE IS 1% 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 4.54 per thousand
dollars valuation on all real and personal property
within the corporate limits of said city, provided
however, that 4.15 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 of the total 4.54 per thousand dollar
valuation as designated in Section 2, hereof, 4.15 per
thousand dollar valuation shall be used for general
City purposes in carrying on and conducting the
government of said City and .39 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 under by 1% the
rollback 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,
1988.
Introduced for first reading and public hearing on the
12th day of September, 1988.
MAYOR OAKLAND R CHAPMAN
ATTEST:
BONNIE S. OMAS, CMC
CITY CLERK
Adopted after second reading and second public hearing
on the 20th day of September, 1988.
YOR OAK AND R. HAPMAN
ATTEST:
BONNIE S. THOMAS, CMC
CITY CLERK