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HomeMy WebLinkAbout2007-14 Millage FY 07-08ORDINANCE NO. 2007-14 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ESTABLISHING AND ADOPTING THE VILLAGE OF NORTH PALM BEACH AD VALOREM TAX OPERATING MILLAGE RATE OF 6.100 MILS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008 AND AN AD VALOREM DEBT SERVICE TAX MILLAGE RATE OF 0.000 MILS FOR A TOTAL AD VALOREM TAX MILLAGE RATE OF 6.100 MILS; PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Village Council and Village Administration of the Village of North Palm Beach, having reviewed the budget for the fiscal year commencing October 1, 2007 and ending September 30, 2008 ("Fiscal Year '2007/2008"), have established a millage rate to finance said budget and meet the needs and requirements of the Village and its residents. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA as follows: Section 1. The Village Council hereby establishes and adopts an ad valorem tax operating millage rate of 6.100 mils for Fiscal Year 2007/2008 and an ad valorem debt service millage rate of 0.000 mils for a total ad valorem tax millage rate of 6.100 mils or $6.100 per thousand dollars of taxable assessed property value. This millage rate is 1.58% less than the prior year's rolled back rate. Section 2. All ordinances or parts of ordinances and resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 3. This Ordinance shall be effective immediately upon adoption and implemented as of October 1, 2007. PLACED ON FIRST READING THIS 1 lth DAY OF SEPTEMBER. 2007 PLACE ,ON SECOND, FINAL READING AND PASSED THIS 26th DAY OF SEPTEMBER. 2007. ,(Village Seal); .--ATTEST: / /c Z/7/r/ VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: VILLAGE ATTORNEY LzLee, MAY4Rr D