CC 09/25/2017 Minutes - Laserfiche WebLink

Home Browse Search

CASSELBERRY CITY COMMISSION Minutes of September 25, 2017 — Regular Meeting Page 10 of 15 Director Rebecca Bowman would be happy to answer his questions after the meeting. No one else came forward. Mayor Glancy closed the public hearing relative to Resolution 17-2989. Budget Impact: The final millage rate of 3.1201 mills is expected to deliver $3,898,915 in ad valorem tax revenue to the General Fund. 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 final millage rate of 3.1201 mills will lead to a TIF payment from the City to the CRA of $173,977. This information is included in the requested Final Budget for Fiscal Year 2017-2018. Recommendation: The City Manager and the Finance Director recommended adoption of Resolution 17- 2989 to set the final adopted millage rate for Fiscal Year 2018 at 3.1201 mills. MOTION: Vice Mayor Aramendia moved to approve Resolution 17-2989, establishing the final millage rate of 3.1201 mills for Fiscal Year 2017-2018, 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 property tax rate of 3.1201 mills as the final millage rate for Fiscal Year 2017-2018. This rate is 5.71% above the rolled back rate of 2.9515 mills. B. Resolution 17-2990 - Adoption of Operating Budget for Fiscal Year 2017-2018 The Acting City Clerk read Resolution 17-2990 by title as follows: "A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, ADOPTING THE FINAL BUDGET FOR THE CITY OF CASSELBERRY FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING 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 17-2990 was published in the Orlando Sentinel on Thursday, September 21, 2017, in compliance with State "Truth in Millage" (TRIM) legislation and the rules of the Florida Department of Revenue. Presentation: Mayor Glancy announced that the presentation for this item was heard with the previous public hearing on the millage rate. Public Hearing: Mayor Glancy stated that this was a public hearing to consider comments and questions regarding the City's proposed budget for Fiscal Year 2017-2018. Mayor Glancy opened the floor for public participation. No one came forward. Mayor Glancy closed the public hearing relative to Resolution 17-2990. Budget Impact: The final Budget requested for FY 2018 for the City of Casselberry remains at $51,839,075. Recommendation: The City Manager and the Finance Director recommended adoption of Resolution 17-