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109RESOLUTION NO. 109 WHEREAS, a reappraisal of all taxable real and personal property in Volusia County, Florida, is now under way, pursuant to order of the Circuit Court and rulings of the Supreme Court of Florida, which will likely result in the increase of a general level of assessed value throughout Volusia County; and WHEREAS, Chapter 65-258 adopted by the 1965 Florida Legislature, now being Section 193.03, Florida Statutes 1965, requires that every governing board or taxing authority in the county shall reduce the millage to be levied by it from what it was in the preceding year proportionate to such increase in the general level of assessments; and WHEREAS, it is recognized that some increase in budgets may be necessary to provide additional service to growing population nevertheless, any such increase can be provided by the natural increase in property values resulting from the economic growth in the county without any increase in millage over that provided in said Chapter 65-258; and WHEREAS, any failure to reduce millage as prescribed in said Chapter 65-248 will result in a destruction of property values and bring about economic chaos as the result of said general increase in the level of assessments, it is desirable for all of the people of Volusia County that all governing boards and taxing authorities forthwith make known publicly their intention rto adhere strictly to the letter and spirit of the millage control law known as Chapter 65-258 as aforesaid; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA: SECTION 1. In the preparation of the annual budget for (governing board or taxing authority) for the fiscal year 1966 to 1967, every effort shall be exercised and every economy shall be effected to maintain the budget at the lowest possible dollar level, and said budget shall not be designed to take advantage of any increased tax revenue as the result of the anticipated increase in the general level of assessments of taxable property, and the assistance of all citizens is requested in achieving this objective. 101 SECTION 2. The letter and spirit of Chapter 65-258 enacted by the 1965 Legislature, now known as Section 193.03, Florida Statutes 1965, shall be strictly adhered to both in letter and in spirit and that the millage to be levied shall be reduced from what it was in the preceding year proportionate to.; the increase of any general level of assessed value, and that such millage when so reduced shall be considered as a maximum. SECTION 3. That this resolution shall take effect immediately upon its adoption and approval by the Mayor. SECTION 4. That all resolutions or parts of resolutions in conflict herewith be and the same hereby are repealed. The above and foregoing resolution was presented by Councilman Walls who moved its adoption; said motion being seconded Lodico by Councilman and upon Roll Call vote, the said resolution was duly declared adopted at the regular meeting of said Council held on the 7th day of March, A.D. 1966, the vote of said Council on said roll call being as follows: I �CXMCIIMAN/ DO �,*17