Ordinance 1975-015 Budget Ord FY 1975-76ORDINANCE N0. 15-75
AN ORDINANCE OF THE VILLAGE OF NORTH PALM BEACH, FLORIDA,
I~VYING A TAX ON REAL AND PERSONAL PROPERTY LOCATED WITHIN THE CORPORATE
LIMITS OF THE VILLAGE OF NORTH PALM BEACH FOR THE YEAR ENDING DECEMBER
31, 1975, FIXING THE TOTAL VALUATION THEREON AND THE TAX MILEAGE RATE
THF,REON FOR SAID YEAR; ADOPTING A FISCAL BUDGET FOR THE FISCAL YEAR
OCTOBER 1, 1975 TO SEPTEMBER 30, 1976, BOTH INCLUSIVE, FOR THE GENERAL
GOVERNMENT AND DEBT SERVICE OF THE VILLAGE OF NORTH PALM BEACH AND FOR THE
PARTICULAR USE OF THE NORTH PALM BEACH CCA{NTRY CLUB; APPROPRIATING
FUNDS FOR EXPENDITURES AND REPEALING ALL ORDINANCES IN CONFLICT WITH T}{IS
ORDINANCE.
BE IT ORDAINED BY THE VILLAGE COUNCIL OF NORTH PALM BEACH,
FLORIDA:
Section 1. That for the year ending December 31, 1975 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 $159,077,570
}{OMESTEAD, WIDOWS' & DISABILITY
EXEMPTION 23,462,957
OT}{ER EXEMPTIONS 6,215,318
TOTAL EXEMPTIONS
NET ASSESSED VALUATION - REAL PROPERTY 129,454,908
NET ASSESSED VALUATION AS EQUALIZED -
PERSONAL PROPERTY 13,988,065
TOTAL ASSESSED VALUATION AS EQUALIZED -
REAL PROPERTY AND PERSONAL PROPERTY 143,442,973
Section 2. For the year ending December 31, 1975 a tax of 7 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 Munici-
pality 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 tl~e
purpose of carrying out the purposes and duk;ies granted and imposed by
its charter: Which is a tax of 7 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 homstead, widows', disability and other
exemptions, for the purpose of raising funds for the payment of the
General Government Fund, Debt Service F1ind and North Palm Beach Country
Club 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, 1976,
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, 1976 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 1975-76 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, 1976 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 1975-76" and by
reference made a part hereof.
Section 6. That for the fiscal ,year ending September 30, 1976 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 1975-76 consisting 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
- 2 -
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, 1975, 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 mills
for the fiscal year ending September 30, 1976 is set forth on Exhibit E
which is
e 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 pass-
age.
PLACED ON FIRST READING THIS 28 DAY OF AUGUST, 1975.
PLACED ON PUBLIC HEARING THIS 18 DAY OF SEPTEMBER, 1975.
PLACED ON SECOND, FINAL READING AND PASSED THIS 25 DAY OF SEPTEMBER,
1975.
/s/ M. C. Love, Jr.
MAYOR
ATTF. ST
/s/ Dolores R. Walker
Village Clerk
ii
- 3 -