0649 Millage Rate FY 1992-93 ORDINANCE NO. 649
AN ORDINANCE LEVYING A MILLAGE RATE WHICH RATE IS SET ON
ALL REAL AND PERSONAL PROPERTY, PROVIDING THAT 4. 15 PER
THOUSAND DOLLAR VALUATION SHALL NOT BE LEVIED ON
HOMESTEAD PROPERTY: THAT 4. 15 PER THOUSAND DOLLAR
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VALUATION SHALL BE USED FOR GENERAL CITY PURPOSES AND
.39, PER THOUSAND DOLLAR VALUATION INCLUDING HOMESTEAD,
SHALL BE USED TO PAY PRINCIPAL AND INTEREST ON GENERAL
OBLIGATION BONDS: THAT SAID MILLAGE RATE IS 1.43% 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 . 15 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 as designated in Section 1 , 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 . 43% 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 , 1992.
Introduced for first reading and public hearing on the 14th day of
September , 1992.
JA E. KIRK, MAYOR
ATTEST:
BONNIE ' s ''AS, CMC, CITY CLERK
Adopted after second reading and second public hearing on the 22nd
day of September , 1992.
JAME . KIRK, MAYOR
ATTEST:
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• BONNIE THIMAS, l , CITY CLERK