File #: 2004-0763    Version:
Type: Finance Status: Passed
File created: 9/8/2004 In control: City Council Regular Meeting
On agenda: Final action: 9/22/2004
Title: Adoption of 2004 Millage Rates
Attachments: 1. Budget Millage Rates Summary Adobe.pdf, 2. Agenda Summary Budget.pdf, 3. Public Hearing Notice.pdf, 4. 0763 Master Report.pdf, 5. 0763 Resolution.pdf

Title

Adoption of 2004 Millage Rates

 

Body

Whereas, in accordance with the provisions of Public Act 2 of 1968, Public Act 621 of 1978, the Uniform Budgeting and Accounting Act for Local Government, and the Charter for the City of Rochester Hills, Chapter III, Section 3.2, the Mayor as the Chief Executive Officer shall prepare the budget proposal for the ensuing year and shall submit it to the Council at its first meeting in August; and

 

Whereas, at its August 4, 2004 meeting City Council acknowledged receipt from the Mayor of the Proposed 2005 Budget Plan and set a Public Hearing to be held September 15, 2004 at 7:30 p.m. to hear comments on the proposed Budget Plan; and

 

Whereas, at its September 15, 2004 meeting City Council held said Public Hearing on the proposed Budget Plan; and

 

Now Therefore Be It Resolved, the City Council hereby adopts the following tax rates in accordance with Chapter IV, Taxation, specifically Section 4.1, Power to Tax and Secure Revenue, and Section 4.2, Charter Tax Rate & Special Voted Millages Limitation, to be levied in December 2004 to provide the tax revenues included in the Proposed 2005 Budget:

 

City General Tax                                                                                                                                                                        3.1130 Mills

Fire Fund                                                                                                                                                                                                  1.9000 Mills

Special Police I                                                                                                                                                                        0.7942 Mills

Special Police II                                                                                                                                                                        0.4326 Mills

Public Improvement Fund (Drains)                                                                                    0.3980 Mills

Pathway (voted)                                                                                                                                                                        0.1888 Mills

R.A.R.A. (voted)                                                                                                                                                                        0.1596 Mills

Older Persons Millage (voted)                                                                                                         0.2441 Mills

Older Persons Transportation (voted)                                                                                    0.0224 Mills

Library Operating                                                                                                                                                                        0.7942 Mills

Special Drain Fund                                                                                                                              0.6020 Mills

General Obligation Refunding Bond - (GORB) series 1998                                                               0.0580 Mills

General Obligation 2002 Refunding Bond - (GORB) series 2002                                          0.4293 Mills

Older Persons Building Bond (voted)                                                                                    0.2319 Mills

 

Total City Millages                                                                                                                              9.3681 Mills

 

per Thousand Dollars ($1,000) of taxable valuation, as equalized; and further, Special Lighting (Christian Hills) be levied at the rate of $10.33 per lot or description,

 

Be It Further Resolved, that the Assessor of the City of Rochester Hills be and hereby is authorized to have said amounts spread on the 2004 Tax Rolls.