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2011-16 Establishing Ad Valorem Tax Millage Rate ORDINANCE NO. 2011-16 • AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ESTABLISHING AND ADOPTING THE FINAL LEVY OF AD VALOREM TAXES FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2011 AND ENDING SEPTEMBER 30, 2012; 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, 2011 and ending September 30, 2012 ("Fiscal Year 2011/2012"), 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 VI-LLAGE 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 6.9723 mills for Fiscal Year 2011/2012 and an ad valorem debt service millage rate of 0.000 mills for a total ad valorem tax millage rate of 6.9723 mils or $6.9723 per one thousand dollars of taxable assessed property value. This millage rate is 3.48% less than the rolled back rate of 7.2240. 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 All ordinances or parts of ordinances and resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict.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, 2011. PLACED ON FIRST READING THIS 8th DAY OF SEPTEMBER, 2011. PLACED ON SECOND,FINAL READING AND PASSED THIS 22nd DAY OF SEPTEMBER,2011. tfcrila r\s� : 0 (\pillage Seal) _ -,..i,,,:‘ _,vc: .!,,, pp g MA OR 4 /SAT Eg5f`. fS/ // / �,/� � � VILLAGE CLERK APPROVED AS TO FORM AND • LEGAL SUFFICIENCY: VILLAGE ATTORNEY