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8284-11MILLAGE ORDINANCE ORDINANCE NO. 8284-11 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, DECLARING THE MILLAGE RATE TO BE LEVIED FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2011, AND ENDING SEPTEMBER 30, 2012, FOR OPERATING PURPOSES INCLUDING THE FUNDING OF PENSIONS, DEBT SERVICE, AND ROAD MAINTENANCE F�R CAPITAL IMPROVEMENT EXPENDITURES AT 5.1550 MII�LS; PR�VIDING AN EFFECTIVE DATE. THE LEVY OF 5.1550 MILLS CONSTITUTES A 4.31 % DECREASE FROM THE ROLLED BACK RATE OF 5.3874 MILLS. WHEREAS, the estimated revenue to be received by the City for the fiscal year beginning October 1, 2011, and ending September 3Q, 2012, from ad valorem taxes is $37,683,550; and WHEREAS, based upon the taxable value provided by the Pinellas Caunty Praperty Appraiser, 5.1550 mills are necessary to generate $37,683,550; 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 5.1550 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, 2011. rate. Sectian 2. The levy of 5.1550 mills constitutes a 4.31 % decrease from the rolled back Section 3. This ordinance shall take effect �ctober 1, 2011. PASSED ON FIRST READING PASSED ON SECOND AND FINAL READING AND ADOPTED Appraved as to farm: � amela . Akin City Attorney September 14, 2011 September 29, 2011 � � Frank V. Hibbard Mayar ���OF TFffC Attest: .�Q�.�-n�t�a� �. Rosemarie Call City Clerk � ��\ i, � � �_ � �� � ���� �_ Ordinance No. 8284-11 � � �1 'R:� (;,� ���