7496-05
ORDINANCE NO.7 496-05
AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA,
DECLARING THE MILLAGE RATE TO BE LEVIED FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2005, AND ENDING
SEPTEMBER 30, 2006, FOR OPERATING PURPOSES
INCLUDING THE FUNDING OF PENSIONS, DEBT SERVICE, AND
ROAD MAINTENANCE FOR CAPITAL IMPROVEMENT
EXPENDITURES AT 5.753 MILLS; PROVIDING AN EFFECTIVE
DATE. THE LEVY OF 5.753 MILLS CONSTITUTES A 13.74%
INCREASE OVER THE ROLLED BACK RATE OF 5.0582 MILLS.
WHEREAS, the estimated revenue to be received by the City for the fiscal year beginning
October 1, 2005, and ending September 30,2006, from ad valorem taxes is $47,742,920; and
WHEREAS, based upon the taxable value provided by the Pinellas County Property
Appraiser, 5.753 mills are necessary to generate $47,742,920; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. It is hereby determined that a tax of 5.753 mills against the non-exempt real
and personal property within the City is necessary to raise the sums to be appropriated for
operation purposes, including pensions and debt service, road capital improvement projects,for
the fiscal year beginning October 1, 2005.
Section 2. The levy of 5.753 mills constitutes a 13.74% increase over the rolled back rate.
Section 3. This ordinance shall take effect October 1, 2005.
PASSED ON FIRST READING
September 1, 2005
PASSED ON SECOND AND FINAL
READING AND ADOPTED
September 15, 2005
-~ y h#'M
&enk V. Hibbard"' ,
Mayor
Approved as to form:
Attest:
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Pamela K. Akin
City Attorney
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Cyn tf E. Gou~au.
City rk
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Ordinance No. 7496-05