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R-2016-32 CITY OF CLERMONT RESOLUTION NO. 2016-32 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, ADOPTING THE TENTATIVE AD VALOREM MILLAGE RATE FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017; PROVIDING FOR COLLECTION OF TAXES; PROVIDING AN EFFECTIVE DATE. WHEREAS, a portion of the revenue for the City's 2016-2017 fiscal year general government budget must be raised from the assessment and levy of an ad valorem tax on each dollar of taxable property in the City of Clermont, Florida; and WHEREAS, the gross taxable value for operating purposes not exempt from taxation within the City of Clermont has been certified by the Lake County Property Appraiser to be $2,335,417,330 on July 1, 2016; NOW, THEREFORE, BE IT RESOLVED, by the City of Clermont of Lake County, Florida, that: 1. The 2016-2017 Fiscal Year tentative operating millage rate is 4.2061 mills which is more than the rolled-back rate of 4.0497 mills by 3.86%. 2. This resolution shall take effect immediately upon its adoption. DONE AND RESOLVED by the City Council of the City of Clermont this 8t day of September, 2016. Gail L. Ash, Mayor ATTE T: Tracy Ac oy, Howe, City Clerk •