Summary:
Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown Development Board has prepared a budget and computed a millage rate of 1.0000 per $1,000 of assessed property value. The millage rate 1.0000 is 10.71% lower than the roll-back rate of 1.1200. Section 200.065, F.S., requires the City to hold a public hearing on the millage rate and budget. The sequence of events during the public hearing is as follows:
1. Discussion of the millage rate of 1.0000 being lower than the roll-back rate of 1.1200 by 10.71%.
2. Allow public comments and questions.
3. Amend the budget and recompute the millage rate, if necessary.
4. By separate motion and vote, adopt the resolution adopting the millage rate.
5. By separate motion and vote, adopt the resolution adopting the budget. |