CC 09/18/2017 Minutes - Laserfiche WebLink

Home Browse Search

CASSELBERRY CITY C011MISSION Minutes of September 18, 2017 — Special Meeting Page 8 of 14 Budget Impact: The tentative millage rate of 3.1201 mills is expected to deliver $3,898,914 in ad valorem tax revenue to the General Fund (net of taxpayer early pay discounts and collection expenses). The City is obligated to pay to 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 3.1201 mills will lead to a TIF payment from the City to the CRA of $173,977. Both are included in the requested tentative budget for Fiscal Year 2018. Recommendation: The City Manager and the Finance Director recommended approval of Resolution 17- 2980 to adopt and set the tentative millage rate at 3.1201 mills. MOTION: Vice Mayor Aramendia moved to approve Resolution 17-2980 setting the tentative millage rate for fiscal year 2017-2018 at 3.1201 mills, as presented. Motion was seconded by Commissioner Solomon. Motion carried by voice vote 4-1, Commissioner Meadows dissenting. Mayor Glancy announced that the City of Casselberry has adopted a tentative property tax rate of 3.1201 mills as the tentative millage rate for Fiscal Year 2017-2018. This rate is 5.71% above the rolled back rate of 2.9515 mills. The City Commission will hold a final public hearing on Monday, September 25, 2017 after 5:15 p.m. in the City Hall Commission Chambers located at 95 Triplet Lake Drive. At the conclusion of that hearing, the City Commission intends to adopt a final millage rate for Fiscal Year 2017-2018. All interested parties are invited to attend. B. Resolution 17-2981 — Tentative Operating Budget for Fiscal Year 2017-2018 The City Clerk read Resolution 17-2981 by title as follows: "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, ADOPTING THE TENTATIVE BUDGET FOR THE CITY OF CASSELBERRY FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2017 AND ENDING ON SEPTEMBER 30, 2018; PROVIDING FOR CONFLICTS, SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE." Notice of Public Hearing: The Notice of Public Hearing relative to Resolution 17-2981 was originally placed in the TRIM (Truth in Millage) notices that property owners received in August, 2017. However, due to Hurricane Irma, the City had to re -advertise the Notice of Rescheduled Hearing and this ad appeared in the Orlando Sentinel on Friday, September 15, 2017 pursuant to the Florida Department of Revenue emergency order that was issued which gave the City the ability to reschedule the hearing. Staff Presentation: Finance Director Rebecca Bowman gave an overview of the proposed Tentative Operating Budget for Fiscal Year 2017-2018 earlier in conjunction with the public hearing for the proposed Tentative Millage Rate for Fiscal Year 2017-2018. Public Hearing: Mayor Glancy stated this was a public hearing to hear and consider comments and questions regarding Resolution 17-2981. No one came forward to address Resolution 17-2981. Mayor Glancy closed the public hearing relative to Resolution 17-2981.