RESOLUTION 2012-05 A RESOLUTION OF THE CITY OF DAYTONA BEACH SHORES, VOLUSIA COUNTY, FLORIDA, SETTING THE FINAL MILLAGE RATES FOR THE CITY FOR FISCAL YEAR 2012-2013; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Florida Statutes, including Chapter 200.065(2)(e) 1., provide that the City Council shall adopt a final millage rate prior to the adoption of a final budget, and; WHEREAS, the Volusia County Property Appraiser has certified a rolled-back rate of $5.8819 per $1,000 of taxable value for the City of Daytona Beach Shores. OF DAYTONA BEACH SHORES, FLORIDA: NOW, THEREFORE, BE IT ENACTED BY THE CITY COUNCIL OF THE CITY SECTION ONE: There is hereby adopted a final millage rate of $5.8819 per $1,000 of taxable value for the general operating budget for the fiscal year 2012-2013. This final millage rate is equal to the rolled-back rate. SECTION TWO: There is hereby adopted a final millage rate of $2.58 per $1,000 of taxable value for voted general obligation debt service for the fiscal year 2012-2013. Voters approved a general obligation debt issuance on November 7, 2006 in order to underground utilities and conduct related streetscape projects. SECTION THREE: This Resolution shall be effective immediately upon its adoption. CITY OF DAYTONA BEACH SHORES, FL _________________________________ HARRY JENNINGS, MAYOR Res 2012-05 ___________________________ _________________________________ MICHAEL BOOKER, CITY MANAGER CHERI SCHWAB, CITY CLERK Approved as to form and legality: _________________________________ LONNIE GROOT, CITY ATTORNEY Passed and Adopted on this _______ day of _______________, 2012 . Res 2012-05