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CASSELBERRY CITY COMMISSION Minutes of September 27, 2021 — Regular Meeting Page 10 of 18 2021-2022. The requested final millage rate of 2.9990 is above the current year rolled -back rate of 2.8708 and will result in a TIF (Tax Increment Funding) payment from the City to the Casselberry CRA (Community Redevelopment Agency) of $478,548 based on this levy. The City Commission is requested to approve Resolution 21-3272 adopting a final millage rate for Fiscal Year 2021-2022 of 2.9990 mills and a final voted debt millage rate for Fiscal Year 2021-2022 of 0.2251 mills. Budget Impact: The final millage rate of 2.9990 mills is expected to deliver $5,301,157 (at 97% of the total tax levy) 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 2.9990 mills will lead to a TIF payment from the City to the CRA of $478,548. Both are included in the requested final budget for Fiscal Year 2021-2022. The voted debt millage rate of 0.2251 mills is expected to produce $397,897 (at 97% of the total tax levy). Recommendation: The City Manager and the Finance Director recommended approval of Resolution 21- 3272 to set the final adopted millage rate for Fiscal Year 2021-2022 at 2.9990 mills and the voted debt millage rate at 0.2251 mills. Public Hearing: Mayor Henson stated this was a public hearing to hear and consider comments and questions regarding Resolution 21-3272 and the City's final millage rates for the coming fiscal year. Mayor Henson opened the floor for public participation. No one carne forward to address Resolution 21-3272. Mayor Henson closed the public hearing relative to Resolution 21-3272. MOTION: Commissioner Aramendia moved to approve Resolution 21-3272 adopting 2.9990 mills as the Final millage rate and 0.2251 mills as the final voted debt millage rate for the City of Casselberry for Fiscal Year 2021-2022. Motion was seconded by Vice Mayor Busch. Motion carried unanimously by voice vote 5-0. Mayor Henson announced that the City of Casselberry has adopted a property tax rate of 2.9990 mills as the final millage rate and 0.2251 mills as the final voted debt millage rate for Fiscal year 2021-2022. The final operating millage rate is 4.47% higher than the rolled -back rate of 2.8708 mills. B. Resolution 21-3273 — Adoption of Final Operating Budget for Fiscal Year 2021- 2022 The City Clerk read Resolution 21-3273 by title, as follows: "A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, ADOPTING THE FINAL BUDGET FOR THE CITY OF CASSELBERRY FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022; PROVIDING FOR CONFLICTS, SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE." Notice of Public Hearing: The Notice of Public Hearing relative to Resolution 21-3273 adopting the final budget for Fiscal Year 2021-2022 was advertised in the Orlando Sentinel on Thursday, September 23, 2021