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12-20RESOLUTION NO. 12-20 A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA, CONCERNING AMENDMENT 4 TO THE FLORIDA CONSTITUTION WHICH, IF ADOPTED, WOULD GREATE ADDITIONAL INEQUITIES IN FLORIDA'S TAX SYSTEM BY GRANTING CERTAIN TAX BREAKS TO SOME TAXPAYERS AT THE EXPENSE OF OTHER TAXPAYERS. WHEREAS, a proposed constitutional amendment sponsored by the Florida Legislature is on the 2012 general ele�tion ballot as "Amendment 4"; and WHEREAS, Amendment 4 shifts a greater tax burden to existing homeowners and new or growing businesses; and WHEREAS, Amendment 4 takes a very complex property tax system and makes it even more complicated; and WHEREAS, the City of Clearwater has evaluated the impact Amendment 4 will have on property taxes, and determined that Amendment 4 removes $80,457,300 from the Clearwater ad valorem tax rolls and results in an estimated loss of $414,757 of ad valorem tax proceeds. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF CLEARWATER, FLORIDA: Section 1. That the City of Clearwater urges its residents to carefully consider the potential adverse consequences of Amendment 4 before voting in the November 2012 general election. Section 2. That a copy of this resolution be provided to the Florida League of Cities, Inc. and other interested parties. Section 3. That this resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 4th day of october , 2012. — ���,c�c����t George N. Cretekos Mayor Resolution 12-20 A r ve as to form: Pamela K. Akin City Attorney Attest: Rosemarie Call City Clerk ��� iHf �%/ .� Resolution No. 12-20 �� ` 0 — _O�