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CASSELBERRY CITY COMMISSION Minutes of September 8, 2008 - Regular Meeting Page 9 of 17 9. PUBLIC HEARINGS A. Public Hearing - Resolution 08-1927 - Tentative Millage Rate for Fiscal Year 2008 - 2009 The City Clerk read Resolution 08-1927 by title as follows: "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, ADOPTING THE TENTATIVE OPERATING MILLAGE RATE FOR THE CITY OF CASSELBERRY FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2008 AND ENDING ON SEPTEMBER 30, 2009; ANNOUNCING THE PERCENTAGE BY WHICH THE TENTATIVE OPERATING MILLAGE RATE DOES NOT EXCEED THE ROLLED - BACK RATE; PROVIDING FOR CONFLICTS, SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE." Notice of Public Hearing: This public hearing was advertised within the 2008 Notice of Proposed Property Taxes (TRIM Notice) mailed to all taxpayers by the Seminole County Property Appraiser on August 18, 2008. Staff Presentation: Ms. Barbara Lipscomb, City Manager stated the tentative operating millage rate for Fiscal Year 2008-2009 is set 4.8963 mills. The rolled -back rate is 4.9365 mills. The tentative operating millage rate is 0.815122987% below the rolled -back rate. Mr. Randy Newlon, Finance Director, gave a presentation pertaining to the tentative millage and the tentative budget for Fiscal Year 2008-2009. A copy of the presentation is attached to and made a part of these minutes. Budget Impact: The tentative millage rate of 4.8963 is expected to deliver $7,110,887 in ad valorem tax revenue to the General Fund. The City is obligated to pay its Community Redevelopment Agency (CRA) a distribution called Tax Increment Funding (TIF) based on taxes assessed and collected from properties within the geographic boundaries of the CRA. The tentative millage rate of 4.8963 will lead to a TIF payment from the City to the CRA of $559,675. Both are included in the requested tentative Budget for Fiscal Year 2008 - 2009. Recommendation: The City Manager and the Finance Director recommended adoption of Resolution 08- 1927 to set the tentative millage rate at 4.8963 mills. Public Hearing: Mayor Goff stated this was a public hearing to hear and consider comments and questions regarding the City's proposed millage rate for the coming fiscal year. Mayor Goff opened the floor for public participation. The following individuals came forward: 1) Mr. John Casselberry, 700 South Lost Lake Lane, commented on the cost of funding both City and County government, and inquired if isolation of millage for sheriff patrol had been considered. 2) Ms. Phyllis Sheppard, 580 South Triplet Lake Drive, voiced concerns regarding the elimination of community activities from the budget, and felt that the activities could be