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R-2011-14 CITY OF CLERMONT RESOLUTION NO. 2011 -14 A RESOLUTION OF THE CITY OF CLERMONT OF LAKE COUNTY, FLORIDA, ADOPTING THE TENTATIVE AD VALOREM MILLAGE RATE FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2011, AND ENDING SEPTEMBER 30, 2012; PROVIDING FOR COLLECTION OF TAXES; PROVIDING AN EFFECTIVE DATE. WHEREAS, a portion of the revenue for the City's 2011 -2012 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 $1,782,000,197 on June 30, 2011; and NOW, THEREFORE, BE IT RESOLVED, by the City of Clermont of Lake County, Florida, that: 1. The 2011 -2012 Fiscal Year tentative operating millage rate is 3.1420 mills which is less than the rolled -back rate of 3.4556 mills by 9.08 %. 2. This resolution shall take effect immediately upon its adoption. DONE AND RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLERMONT THIS 8th DAY OF SEPTEMBER, 2011. `r d S. Turvi le, Mayor ATTE T: Tracy Ac oyd, City Cle rk `