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CASSELBERRY CITY COMMISSION Minutes of July 23, 2018 — Regular Meeting Page 16 of 19 Casselberry) and Allegro developments and notices had been sent out for those new properties and also some other properties which had experienced small changes in area which resulted in small increases in their overall fees. Other than those minor changes, this was the City's standard street light fee with no rate increases proposed. In response to questions from Commissioner Hufford Dr. Brock explained that the City had erred on the side of caution in including the additional parcels, as more accurate data was available and the calculation for ERU's (Equivalent Residential Units) was based on area to a certain extent. He added that most of the changes were minor other than the new properties having been added. Public Hearing: Mayor Glancy stated this was a public hearing to hear and consider comments and questions regarding Resolution 18-3043. No one came forward to address Resolution 18-3043. Mayor Glancy closed the public hearing relative to Resolution 18-3043. Budget Impact: The estimated revenue from the Street Light Assessment has been proposed to be budgeted in the FY 2019 Street Light Fund Special Assessments/Service Charges account #120-0000- 325.20-00. Recommendation: The City Manager and the Public Works Director recommended approval of Resolution 18-3043. MOTION: Commissioner Solomon moved to approve Resolution 18-3043, as presented. Motion was seconded by Commissioner Hufford. Motion carried unanimously by voice vote 5-0. 12. OTHER ITEMS A. Tentative Tax Rate for Fiscal Year 2018/2019 Staff Presentation: City Manager Randy Newlon gave a brief overview of this item and advised that on July 9, 2018 the City Commission held the Budget Workshop for Fiscal Year 2019 at which time the City Commission reached a consensus on a tentative millage rate for Fiscal Year 2019 of 3.0519 mills. This item is now brought to the Commission for formal approval of a tentative millage rate of 3.0519 mills. Upon approval the tentative millage rate will be certified to the Seminole County Property Appraiser in accordance with TRIM (Truth in Millage) procedures and deadlines. Budget Impact: The tentative millage rate of 3.0519 could produce a gross tax levy of $4,684,549 in property taxes but will yield only $4,544,013 (97%) after taking into account early payer discounts and billing and collection costs. Formal adoption will be discussed and voted on in two public hearings in September. Recommendation: The City Manager and the Interim Finance Director recommended approval to set the tentative millage rate for FY 2019 as required by the "TRIM" (Truth in Millage) legislation at 3.0519 mills. Audience Participation: No one came forward to address the Tentative Tax Rate for Fiscal Year 2018/2019.