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9407-20MILLAGE ORDINANCE ORDINANCE NO. 9407-20 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, DECLARING THE MILLAGE RATE TO BE LEVIED FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021, FOR OPERATING PURPOSES INCLUDING THE FUNDING OF PENSIONS, DEBT SERVICE, AND ROAD MAINTENANCE FOR CAPITAL IMPROVEMENT EXPENDITURES AT 5.9550 MILLS; PROVIDING AN EFFECTIVE DATE. THE LEVY OF 5.9550 MILLS CONSTITUTES A 5.12% INCREASE FROM THE ROLLED BACK RATE OF 5.6649 MILLS. WHEREAS, the estimated revenue to be received by the City for the fiscal year beginning October 1, 2020, and ending September 30, 2021, from ad valorem taxes is $71,918,560; and WHEREAS, based upon the taxable value provided by the Pinellas County Property Appraiser, 5.9550 mills are necessary to generate $71,918,560; 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 5.9550 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, debt service, and road capital improvement projects, for the fiscal year beginning October 1, 2020. Section 2. The levy of 5.9550 mills constitutes a 5.12% increase from the rolled back rate. Section 3. This ordinance shall take effect October 1, 2020. PASSED ON FIRST READING SEP 0 3 2020 PASSED ON SECOND AND FINAL o (c), READING AND ADOPTED Approved as to form: Iu Pamela K. kin City Attorney „,' Fr. • Hibbard Mayor Attest: Rosemarie Call City Clerk Ordinance No. 9407-20