For the fiscal year of the authority beginning within the calendar year 1967, and
for each fiscal year thereafter, an ad valorem tax in addition to all other ad valorem
taxes is hereby levied annually for the purpose of financing the operation of the
authority on all property in the downtown area that is subject to ad valorem taxation
for city operating expenses. The tax base shall be assessed valuation made annually
by the city tax assessor. The rate shall be two (2) mills on each dollar of tax base
in 1967 and each year thereafter; provided, for each year after the first year of
levy the authority, by written notice to the city tax collector at such time as he
shall specify, may set a rate of less than two (2) mills for the ensuing fiscal year.
The city tax collector shall collect the tax when and in the same manner in which
he collects the city ad valorem taxes, with the same discounts for early payment,
and shall pay the proceeds into the city treasury for the account of the authority.
(Laws of Fla., Ch. 93-381, § 2)
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