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R2018-61 Tentative Millage RateRESOLUTION 2018-61 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA, ADOPTING A TENTATIVE MILLAGE RATE OF 7.5000 MILS FOR FISCAL YEAR 2018-2019; ESTABLISHING A DATE, TIME AND PLACE FOR THE FIRST HEARING ON THE TENTATIVE BUDGET AND PROPOSED MILLAGE RATE; AUTHORIZING THE VILLAGE MANAGER TO SUBMIT THE REQUIRED FORMS TO THE PALM BEACH COUNTY PROPERTY APPRAISER; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, pursuant to Section 200.065(2)(b), Florida Statutes, the Village Council is required to advise the Palm Beach County Property Appraiser of its proposed millage rate, its rolled back rate, and the date, time, and place of the first public hearing to consider the proposed millage rate and tentative budget. NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA as follows: Section 1. The Village Council hereby adopts a tentative millage rate of 7.5000 for General Operating Budget purposes and a tentative millage rate of 0.0000 for Debt Service, for a total combined millage rate of 7.5000 mils for Fiscal Year 2018-2019. The tentative millage rate is 7.59% above the rolled back rate of 6.9710 mils. Section 2. The Village Council hereby establishes Thursday, September 13, 2018 at 7:30 p.m. as the date and time of the first hearing on the tentative budget and proposed millage rate. The public hearing shall be held at Village Hall, 501 U.S. Highway One, North Palm Beach, Florida, 33408. Section 3. The Village Manager is hereby authorized and directed to submit forms DR -420 (Certification of Taxable Value) and DR -420 MM -P (Municipality Maximum Millage Levy Calculation) to the Palm Beach County Property Appraiser's Office. Section 4. This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 26TH DAY OF JULY, 2018. (Village Seal) 1 AYOR ATTEST: VILLAGE CLERK