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2014-08 Ad Valorem Tax Millage RateORDINANCE NO. 2014 -08 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, 2014 AND ENDING SEPTEMBER 30, 2015; 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, 2014 and ending September 30, 2015 ( "Fiscal Year 2014/2015 "), 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 7.3300 mils for Fiscal Year 2014/2015 and an ad valorem debt service millage rate of 0.000 mils for a total ad valorem tax millage rate of 7.3300 mils or $7.33 per one thousand dollars of taxable assessed property value. This millage rate is 11.78% more than the rolled back rate of 6.5574 mils. 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 All ordinances or parts of ordinances and resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict.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, 2014. PLACED ON FIRST READING THIS 11th DAY OF SEPTEMBER, 2014. PLACED ON SECOND, FINAL READING AND PASSED THIS 25th DAY OF SEPTEMBER, 2014. (Village Seal) ATTEST: VILLAGE CLERK APPROVED AS TO FORM AND LEGAL SUFFICIENCY: VILLAGE ATTORNEY ,I (,�, -C�� - MAYOR