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2006-18 MillageORDINANCE 2006-18 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 6.3000 MILLS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2006 AND ENDING SEPTEMBER 30, 2007 ("2006/2007 FISCAL YEAR") REPRESENTING AN INCREASE OF 11.07% 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 2006/2007 FISCAL YEAR; FOR A TOTAL AD VALOREM TAX MILEAGE LEVY RATE OF 6.3000 MILLS FOR ALL PURPOSES OR $6.3000 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 2006/07 Fiscal Year budget for the various operating departments of the Village and the Village Council has 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 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 6.3000 Mills for the 2006/2007 Fiscal 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 2006/2007 Fiscal Year, for a total Village of North Palm Beach 2006/2007 Fiscal Year Ad Valorem Tax Millage Levy Rate of 6.3000 Mills for all purposes or $6.3000 per thousand dollars of taxable assessed property value. This millage rate exceeds the prior year's rolled-back rate by 11.07%. Section 2. All Ordinances or parts of Ordinances, Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 3: This Ordinance shall take effect on October 1, 2006. PLACED ON PUBLIC HEARING THIS 12th DAY OF SEPTEMBER, 2006, AND THIS 26th DAY OF SEPTEMBER, 2006. PLACED ON FIRST READING THIS 12th DAY OF SEPTEMBER, 2006. 6. viiiage Lierx