HomeMy WebLinkAboutResolution No.68-36RESOLUTION NO. 6Y-36
A RESOLUTION ADOPTING 1968 - 1969 VALUATION
OF PROPERTIES, FOR PURPOSE PRE-
SCRIBING AD VALORUM TAXATION; SETTING AND
SCRIBING RATE OF AD VALOREM TAXATION IN
SUPPORT OF THE STORM DRAINAGE PROGRAM;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, this Council has previously appointed the Tax Assessor
of Brevard County as the official Tax Assessor of the City of Cape Canaveral,
Florida, and
WHEREAS, the said Tax Assessor is now completing the valuation of
all properties located within the City of Cape Canaveral, Florida, for tax
purposes, and
WHEREAS, it is now incumbent upon this Council to accept and declare
official that valuation of properties as shall be determined by the said Tax
Assessor, and
WHEREAS, Chapter 63 -1197, Laws of Florida, Special Acts of 1963,
authorizes ad valorem taxation to finance special improvements within the
City upon an affirmative vote of the freeholders of the City, and
WHEREAS, the Council of the City of Cape Canaveral, Florida, by
its Resolution duly and regularly adopted at its meeting held on the 15th day
of February, 1966, did call an election for the purpose of submitting to the
qualified .electors residing in such City, who were freeholders and who had
specially re- registered therefor, for their approval or disapproval of the
issuance by the City of general obligation bonds in the principal amount of
not exceeding $1, 200, 000, bearing interest at a rate or rates not to exceed
the legal rate, and such Resolution having further provided and did direct
that notice of such election be given by publication in accordance with law;
and
WHEREAS, dui• and regular notice of such bond election has been
published in the Cocoa Tribune, a newspaper of general circulation within
the City of Cape Canaveral and published in Brevard County, Florida, said
publication having been made once each Week for four consecutive weeks
with the first publication thereof not less than thirty (30) days prior to the
date of such special election, to -wit: March 29, 1900; and
WHEREAS, pursuant to the aforesaid Resolution calling said election
and in accordance with the law, the question stated in said Resolution was
submitted to the qualified electors residing in said City who were freeholders
and who find specially re- registered for participation therein on March 29,
1900; and
WHEREAS, the said election was duly and properly held in
accordance with law, and file votes cast there at were returned, delivered,
and canvassed according to law, and such election reflected that the Special
Freeholder Election conducted on March 29, 1900, had as its result 202 voters
.1421st the said issue, with 310 voters participating, and
WHEREAS, subsequent to such Special Freeholder Election, the
City validated by decree of the Circuit Court of Brevard County, $1, 200, 000
of Storm Drainage General Obligation Bonds, Series of 1900; and
WHEREAS, subsequent to such validation, the City has properly
and with authorization of law sold and delivered such bonds; and
WHEREAS, such storm drainage project is now UHX4e..:con 6
etruetfon
within the City and- practic2113�completcd according to the plans and specificatians
on file with the City; and
WHEREAS, it is now the duty and incumbent upon this Council to
prescribe the tax millage to be assessed against all non - exempt real property
within the City for the purpose of financing the debt service, principal pay-
ments, and other proper costs of said Storm Drainage General Obligation
Bonds, Series of 1966; and
WHEREAS, the City's fiscal agent, William R. Hough and Company,
has duly notified the City that the sum of $73, 527.50 is necessary to defray
tfie February 1, 1960, interest payment; the August 1, 1969, interest payment;
the principal payment of August 1, 1969; and the collection and delinquency
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expenses in regard to such ad valorem tax requirement; and
WHEREAS, the Tax Assessor for Brevard County, Florida, having
been previously authorized and appointed as the Tax Assessor of the City
of Cape Canaveral, Florida, advises that the total value of assessable real
property within the City of Cape Canaveral, Florida, is in the amount of
$21, 745, 280, and that the non - exempt taxable property located within the
City of Cape Canaveral is in the amount of $20, 416, 590, and
WHEREAS, in order to defray the total expenses of $73, 527. 50,
it is necessary to levy an ad valorem tax in the amount of 3.1 mills.
NOW, THEREFORE, be it Resolved by the City Council of the City
of Cape Canaveral, Florida, as follows:
SECTION 1. The valuation of all the real properties located within
the City of Cape Canaveral, Florida, as shall be prepared by the office of
the Tax Assessor of Brevard County, Florida, is hereby adopted and declared
the official tax valuation for the City. The said valuation of all real properties
as before mentioned is hereby designated as the Tax Roll for the City of Cape
Canaveral, Florida, for the tax year of 1968 through 1969.
SECTION 2. There shall be and is hereby assessed against all
non - exempt real taxable property located within the City of Cape Canaveral,
Florida, an ad valorem tax in the amount of 3.1 mills, for the City's taxable
year 19G8 - 1969.
SECTION 3. The Tax Assessor and Tax Collector of Brevard County,
Florida, who have been previously appointed and commissioned as the Tax
Assessor and Tax Collector of the City of Cape Canaveral, Florida, are
hereby authorized and directed to assess such ad valorem tax in such amount
as authorized in Section 2 hereof and collect the same.
SECTION 4. This Resolution shall take effect immediately upon
its adoption.
ADOPTED by the City Council of the City of Cape Canaveral, Florida,
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