Fort Walton Beach Council agenda — 08-02-2007 Special agenda --tentative millage — reading text

R.06107 SECTION I Year: 2007 vlty: TA: County: Okaloosa Levy: Principal Authority: Municipality Taxing Authority: City of Fort Walton Beach 1) Current Year Taxable Value of Real Property for Operating Purposes 1, 342, 604, 067 1) 2) Current Year Taxable Value of Personal Property for Operating Purposes 143, 259,400 2) 3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes o 3) 4) Current Year Gross Taxable Value for Operating Purposes ( 1) + ( 2) + ( 3) = ( 4) 1, 485, 863, 467 4) 5) Current Year Net New Taxable Value New Construction + Additions + Rehabilitative Improvements Increasing Assessed Value By At Least 100% + Annexations + Total Tangible Personal Property Taxable Value In Excess of 115% of the Previous Year's Total Tangible Personal Property Taxable Value - Deletions) 41, 743, 210 5) 6) Current Year Adjusted Taxable Value ( 4) -( 5) 1, 444, 120, 257 6) 7) Prior Year FINAL Gross Taxable Value ( From Prior Year Applicable Form DR-403 Series) 1, 355, 358, 652 7) 8) Enter number of Tax Increment Value Worksheets ( DR-420TIF) attached ( If none, enter 0) I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at , Florida, this the day of Month, and Year) TAXING AUTHORITY: If this portion of the form is not completed in FULL your Authority will be denied TRIM certification and possibly lose its millage SECTION II levy privilege for the tax year. If any line is inapplicable, enter NIA or -0-. 9) Prior Year Operating Millage Levy 4. 6458 per $ 1, 000 ( 9) 10) Prior Year Ad Valorem Proceeds ( 7) x ( 9) 6, 296, 725 10) 11) Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a dedicated increment value: Sum of either line ( 3) c or (4) a for all DR-420TIF forms 964, 379 11) 5, 332, 346 12) 12) Adjusted Prior Year Ad Valorem Proceeds ( 10) - ( 11) 13) Qedicated Increment Value, if any: Sum of either line ( 3) b or (4) e for all DR- 420TIF forms 237, 594, 807 13) 1, 206, 525,450 14) 14) Adjusted Current Year Taxable Value ( 6) - ( 13) 15) Current Year Rolled- Back Rate ( 12) divided by ( 14) 4.4196 per $ 1, 000 15) 16) Current Year Proposed Operating Millage Rate 4. 1986 per $ 1, 000 16) 17) Check TYPE of Principal Authority ( check one) DCounty D Independent Sp. Dis!. Municipality Dwater Man. District 18) Check Applicable Taxing Authority ( check one) Principal Authority DDep. Spec. Dis!. DMSTU 19) Is millage levied in more than one county? ( check one) DYes DNO 20) Current Millage Levy for Voted Debt Service $ 0 per $ 1, 000 ( 20) 21) Current Millage Levy for Other Voted Millage $ 0 per $ 1, 000 ( 21) 22) Enter the Total Adjusted Prior Year Ad Valorem Proceeds of ALL Dependent Special Districts and $ 0 ( 22) MSTUs levying a millage. ( The sum of Line ( 12) from each District' s and MSTU' s Form DR-420) 5, 332, 346 ( 23) 23) TotalAdjusted Prior Year Ad Valorem Proceeds: ( 12) + ( 22) $ 24) The Current Year Aggregate Rolled- Back Rate: ( 23) divided by ( 14) $ 4. 4196 per $ 1 , 000 ( 24) 25) Current Year Aggregate Rolled- Back Taxes ( 4) x ( 24) $ 6, 566, 922 ( 25) 26) Enter Total of all non- voted Ad Valorem Taxes proposed to be levied by the Principal Taxing Authority, all Dependent Districts, and MSTUs if any. Sum of line ( 16) x line ( 4) from all Form DR- 420s $ 6, 238, 546 ( 26) 27) Current Year Proposed Aggregate Millage Rate: ( 26) divided by ( 4) $ 4. 1986 per $ 1, 000 ( 27) 28) Current Year Proposed Rate as a Percent Change of Rolled- Back Rate: Line 27 divided by Line 24) - 1. 00] x 100 5. 00% % ( 28) Date, Time and Place of the First Public Budget Hearing: September 5, 2007 5: 30pm City Council Chambers, 107 Miracle Strip Pkwy SW, Fort Walton Beach, FL 32548 I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER, I certify that at all millages comply with the provisions of Section 200. 185 and 200. 071 or 200. 081, F. S. WITNESS my hand and official signature Month, and Year) Fiorida, this the day of City Manager 107 Miracle Strip Pkwy SW Address of Physical Location Signature and Title of Chief Administrative Officer PO Box 4009 Charlotte Dunworth Name of Contact Person Mailing Address Fort Walton Beach, FL 32549 850- 833- 9521 850- 833- 9640 Phone # Fax # City State Zip SEE INSTRUCTIONS ON REVERSE SIDE  TAX IN " EMENT ADJUSTMENT WORKSI T DR-420TIF N. 06/ 07 SECTION I Year: 2007 County: Okaloosa Principal Authority: Municipality Fort Walton Beach ( RD) Taxing Authority: City of Fort Walton Beach Community Redevelopment Area: 1) Tax Increment Value in Current Year 173, 132, 827 1) 2) Tax Increment Value in Previous Year 151, 074, 650 2) at I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official signature