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2005-19 Sets Millage Rate at 6.8000ORDINANCE 19-2005 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 MILEAGE LEVY RATE AT 6.8000 MILLS FOR THE 2005 TAX YEAR REPRESENTING AN INCREASE OF 6.99 % FROM THE PRIOR YEAR'S ROLLED BACK RATE, AND ESTABLISHING AND ADOPTING THE VILLAGE OF NORTH PALM BEACH AD VALOREM TAX DEBT SERVICE MILEAGE LEVY RATE AT 0.0000 MILLS FOR THE 2005 TAX YEAR; FOR A TOTAL VILLAGE OF NORTH PALM BEACH 2005 TAX YEAR AD VALOREM TAX MILEAGE LEVY RATE OF 6.8000 MILLS FOR ALL PURPOSES OR $6.8000 PER THOUSAND DOLLARS OF TAXABLE ASSESSED PROPERTY VALUE; PROVIDING FOR CONFLICTS; AND, PROVIDING AN EFFECTIVE DATE. WHEREAS, the Village Council and the Village Administration of the Village of North Palm Beach, Florida, have reviewed the 2005/06 Fiscal Year budget for the various operating departments of the Village and the means of financing said budget. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA: Section 1. That the Village Council of the Village of North Palm Beach, Florida, does hereby establish and adopt the Village of North Palm Beach Ad Valorem Tax Operating Millage Levy Rate of 6.8000 Mills for the 2005 tax year, and does further hereby establish and adopt the Village of North Palm Beach Ad Valorem Tax Debt Service Millage Levy Rate at 0.0000 Mills for the 2005 Tax year, for a total Village of North Palm Beach 2005 tax year Ad Valorem Tax Millage Levy Rate of 6.8000 Mills for all purposes or $6.8000 per thousand dollars of taxable assessed property value. This millage rate reflects an increase of 6.99 % from the prior year's rolled back rate. Section 2. That all Ordinances or parts of Ordinances, Resolutions or parts of Resolutions in conflict herewith be and the same are hereby repealed to the extent of such conflict. Section 3: That this Ordinance shall take effect on October 1, 2005. PLACED ON PUBLIC HEARING THIS 7th DAY OF SEPTEMBER, 2005, AND THIS 21st DAY OF SEPTEMBER, 2005. PLACED ON FIRST READING THIS 7th DAY OF SEPTEMBER, 2005. PLACED ON SECOND, FINAL READING AND PASSED THIS 21st DAY OF SEPTEMBER, 2005. / %' i (VILLAGE SEAL) AYOR ATTEST: ~ ~~~~ VILLAGE CLERK `