0617 Millage Rate FY 1989-90AN 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 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 10% 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 4.54 per thousand dollar 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 over by 10% 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, 1989.
Introduced for first reading and public hearing on the 19th day of
September, 1989.
ATTEST:
BONNIE THOMAS, CITY CLERK
ATTEST:
BONNIE HOMAS, CITY CLERK
ORDINANCE NO. 617
MAYOR OAKLAND CHAP
Adopted after second reading and second public hearing on the 25th
day of September, 1989.
MAYOR OAKLAND