Fort Walton Beach Council agenda — 08-11-08 special agenda - budget — reading text

pi At:rAN M K CITY OF FORT WALTON BEACH Community Redevelopment Area: Ft Walton Beach ( RD) SECTION I: Completed by the Property Appraiser 1. Current year taxable value in the tax increment area 204, 368,007 1) 2. Base year taxable value in the tax increment area 15, 309,825 2) 3. Current year tax increment value ( Line 1 minus Line 2) 189,058, 182 3) 4. Prior year taxable value 183, 549, 585 4) 5. Prior year tax increment value ( Line 4 minus Line 2) 168, 239,760 5) uj Property Appraiser Certification W I certify the values above are correct to the best of my knowledge. Date Cn July 9, 2008 SECTION II To be completed by taxing authority. Please complete either line 6 or line 7 as applicable. Do NOT complete both. 6.6. IfIf thethe amountamount toto bebe paidpaid toto thethe redevelopmentredevelopment trusttrust fundfund ISIS BASEDBASED onon aa specificspecific proportionproportion ofof thethe taxtax incrementincrement value:value: 6a.6a. EnterEnter thethe proportionproportion onon whichwhich thethe paymentpayment isis based.based. 6a) 6b) 6b. Dedicated increment value ( Line 3 multiplied by the percentage on Line 6a) Q, 23 ( 6c. Amount of payment to redevelopment trust fund in prior year 6c) 7. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value: 7a. Amount of payment to redevelopment trust fund in prior year 7a) 7b. per $ 1, 000 ( 7b) Prior year operating millage levy ( Form DR -420, Line 11) 7c. Taxes levied on prior year tax increment value 7c) Line 5 multiplied by Line 7b, divided by 1, 000) Prior year payment as proportion of taxes levied on increment value ( Line 7d) 7d. 7a divided by Line 7c) 7e. Dedicated increment value ( Line 7d multiplied by Line 3) is ( 7e) Taxing Authority Certification I certify the calculations, millages, and rates are correct to the best of my knowledge. Signature of Chief Administrative Officer Date w Title Physical Address Cn 7 PhAIA d 1k14 s P wv sw r3 fZ 3 Mailing Address Name of Contact Person PO & y q66 LD, JIWW467-11 City, State, Zip PhonePhone # # FaxFax # # ll rara GUGU 32x1/32x1/ 99 g5 X33 sz o ya SEESEE INSTRUCTIONSINSTRUCTIONS ONON REVERSEREVERSE SIDESIDE  DR-420TIF TAX INLREMENT ADJUSTMENT WORKShL: ET R. 06/ 08 DEPARTMENT Rule 12DER08 -18 OF REVENUE Florida Administrative Code Cffe... C- ncln0 Year County 2008 OKALOOSA Principal Authority Taxing Authority C Z) & T?w) CITY OF FORT WALTON BEACH Community Redevelopment Area: Ft Walton Beach Expansion ( FE) SECTION I: Completed by the Property Appraiser 1. Current year taxable value in the tax increment area 98, 786, 859 1) 2. Base year taxable value in the tax increment area 37, 439, 782 2) 3. Current year tax increment value ( Line 1 minus Line 2) 61, 347,077 3) 4. Prior year taxable value 111, 800, 011 4) 5. Prior year tax increment value ( Line 4 minus Line 2) 74, 360, 229 5) w Property Appraiser Certification a I certify the values above are correct to the best of my knowledge. z t Date cn July 9, 2008 SECTION II To be completed by taxing authority. Please complete either line 6 or line 7 as applicable. Do NOT complete both. 6.6. IfIf thethe amountamount toto bebe paidpaid toto thethe redevelopmentredevelopment