Ordinance 1974-018 Budget Ord FY 1974-75ORDINANCE N0. 18-74
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA,
LEVYING A TAX ON REAL AND PERSONAL PROPERTY LOCATED WITHIN THE COR-
PORATE LIMITS OF THE VILLAGE OF NORTH PALM BEACH FOR THE YEAR ENDING
llECF,MBF,R 31, 1974, FIXING THE TOTAL VALUATION THEREON AND THE TAX
MILEAGE RATE THEREON FOR SAID YEAR; ADOPTING A FISCAL BUDGET FOR THE
FISCAL YEAR OCTOBER 1, 1974 TO SEPTEMBER 30, 1975, BOTH INCLUSIVE,
FOR T}iF. GENERAL GOVERNMENT AND DEBT SERVICE OF THE VILLAGE OF NORT}I
PALM BEAC}{ AND FOR THE PARTICULAR USE OF THE NORTH PAID} BEACH COUNTRY
CLUB; APPROPRIATING FUNDS FOR EXPENDITURES AND REPEALING ALL ORDINANCES
IN CONFLICT WITH THIS ORDINANCE.
BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH PAIL} BEACH,
FLORIDA:
Section 1. That for the year ending December 31, 1974
the valuation of all real and personal property within the Village
' of North Palm Beach, excluding property owned by the Village of
North Palm Beach, Palm Beach County, State of Florida, and those
properties exempted. by State, County or Village laws and ordinances,
is hereby determined to be and is fixed as follows:
GROSS ASSESSED VALUATION AS EQUALIZED -
REAL PROPERTY 139,256,367
HOMESTEAD, WIDOWS' & DISABILITY
EXEMPTION 17,996,172
OTHER EXEMPTIONS 9,461,325
TOTAL EXEMPTIONS 27,457,497
NET ASSESSED VALUATION - REAL PROPERTY 111,798,870
NET ASSESSED VALUATION AS EQUALIZED -
PERSONAL PROPERTY 8,905,525
' TOTAL ASSESSED VALUATION AS EQUALIZED -
REAL PROPERTY AND PERSONAL PROPERTY 120,704,395
Section 2. For the year ending December 31, 1974 a tax of
7.560 mills on the dollar shall be and is hereby levied, and shall be
collected on all real and personal property within the Village of North Palm
Beach, not specifically designated as homestead property or owned by the
Municipality and/or expressly exempted by the laws and Constitution of
Florida, for the purpose of raising funds for the improvement and government
of the Village, and for the payment of its obligations and expenses and for
the purpose of carrying out the purposes and duties granted and imposed by
its charter: Which is a tax of 7.560 mills that shall be and is hereby levied
and shall be collected on all real and personal property as set forth in above
Section 1, less homestead, widows', disability and other exemptions, for
the purpose of raising funds for the payment of the General Government
Fund, llebt Service Fund and North Palm Beach Country Club Fund purposes
for the Village of North Palm Beach, and is set forth hereafter in budget
form.
Section 3. That for the fiscal year ending September 30, 1975
revenues for the General Government Fund and Debt Service Fund of the
' Village are anticipated as set forth on Exhibit A attached hereto entitled
"The Village of North Palm Beach, Florida, General Fund, Statement of
Estimated Revenue" and by reference made a part hereof.
Section 4. That for the fiscal year ending September 30, 1975
the expenditures for the General Government Fund and Debt Service Fund
are hereby appropriated as set forth on Exhibit B attached hereto as
Village of North Palm Beach Budget for the Fiscal Year 1974-75 consisting
of Pages through both inclusive, which Exhibit is by
reference made a part of this Ordinance.
Section 5. That for the fiscal year ending September 30, 1975
revenues for the North Palm Beach Country Club are anticipated as set
forth on Exhibit C attached hereto entitled "The Village of North Palm
Beach, Florida Country Club, Statement of Estimated Revenue 1974-75" and
' by reference made a part hereof.
Section 6. That for the fiscal year ending September 30, 1975
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the expenditures for the North Palm Beach Country Club are hereby
appropriated as set forth on Exhibit D attached hereto as Village of
North Palm Beach Country Club Budget for the Fiscal Year 1974-75 consist-
ing of Pages through both inclusive, which Exhibit is by
reference made a part of this Ordinance.
Section 7. A certified copy of this Ordinance shall be delivered
by the Village Clerk to the Tax Assessor together with the tax assessment
roll as equalized, and the Tax Assessor shall then proceed to assess and
extend the taxes on the tax assessment roll according to and in the
proportion to the valuation entered therein; when this has been done, the
Tax Assessor shall deliver the roll to the Village Clerk who shall certify
and deliver same, or a copy thereof, to the Tax Collector and the latter
shall, beginning October 1, 1974, proceed in the manner provided by law
to collect and receive said taxes.
Section 8. A statement of calculations for the tax levy of
7.560 mills for the fiscal year ending September 30, 1975 is set forth
on Exhibit E which is attached hereto and by reference made a part hereof.
Section 9. All ordinances or parts of ordinances in conflict
with the provisions of this ordinance are hereby repealed.
Section 10. This ordinance shall take effect immediately upon
passage.
PLACED ON FIRST READING THIS 8 DAY OF AUGUST, 1974.
PLACED ON PUBLIC HEARING THIS 19 DAY OF SEPTEMBER, 1974.
PLACF,D ON SECOND, FINAL READING AND PASSED THIS 26 DAY OF SEPTEMBER,
1974.
/s/ Walter N. Colbath, Jr. -
MAYOR
' ATTEST:
/s/ Dolores R. Walker
Village Clerk
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