1987-10 Millage Rate FY 1987-88RESOLUTION NO. 87-10
A RESOLUTION LEVYING A MILLAGE RATE AND AUTHORIZING THE
MAYOR AND CLERK TO EXECUTE THE BUDGET RESOLUTION
CONTAINING SAID MILLAGE DATA THEREIN; ALL IN ACCORDANCE
WITH CHAPTER 200.065 FLORIDA STATUTES.
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 4.45 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 4.45 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
.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 exceeds by 5.5% the
roll -back rate as computed in accordance with Florida
Statutes Section 200.065 (1).
Section 4: That this resolution was proposed, considered and
adopted under the provisions of Florida Statutes Chapter 166
and Section 200.065.
Section 5: This Resolution shall take effect October 1, 1987.
Introduced for first reading and public hearing on the 14th
day of September, 1987.
C4
YAR OAKLAND CHA A
ATTEST:
BONNIE THOMAS, CITY CLERK
Adopted after second reading and second public hearing on
the 21st day of September, 1987.
YOR OAK AND AP
ATTEST:
BONNIE THOMAS, CITY CLERK