HomeMy WebLinkAboutresolution.council.112-13 RESOLUTON NO. 112
(SERIES OF 2013)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO SETTING THE 2014 MUNICIPAL MILL LEVY RATES AND
CERTIFYING SAME TO THE BOARD OF COUNTY COMMISSIONERS FOR
PITKIN COUNTY.
WHEREAS, the City Manager, designated by Charter to prepare the budget, has
prepared and submitted to the Mayor and City Council the Annual Budget for the City of
Aspen, Colorado for the fiscal year beginning January 1, 2014 and ending December 31,
2014; and
WHEREAS, the net assessed valuation of the taxable property for the year 2013
in the City of Aspen returned by the County Assessor of Pitkin County was updated on
November 27, 2013, is the sum of$1,238,989,610; and
WHEREAS, said mill levy is calculated to produce gross ad valorem tax
proceeds in the amount of$6,702,934 for collection year 2014; based upon the assessed
valuation as determined by the County Assessor, and
WHEREAS, voter approval on November 6, 2007 established the City's
Stormwater Fund mill levy rate at an amount not to exceed 0.650 mils upon each dollar
of assessed valuation on all taxable property within the City annually with no date of
expiration, permitting collection of property tax revenues in excess of the mill levy
limitation provided in Article X, Section 20 or the Colorado Constitution for property tax
collection in all future years beginning in 2008; and
WHEREAS, said mill levy rate is calculated to produce gross ad valorem tax
proceeds in the amount of$805,343 for collection year 2014; based upon the net assessed
valuation of the City of Aspen as determined by the County Assessor, and
WHEREAS, the net assessed valuation of taxable property in Aspen decreased
approximately 3.0%between 2012 and 2013 assessment years, and
WHEREAS, a temporary reduction in property tax collections is desired by the
City Council in order to reduce the tax burden on owners of taxable property within the
City of Aspen while preserving the City's ability to increase property taxes to levels
previously authorized by City of Aspen voters as described above, and
WHEREAS, C.R.S. section 39-1-111.5 authorizes a local government to certify a
refund in the form of a temporary property tax credit or a temporary mill levy rate
reduction, provided that the certification includes the gross mill levy, the temporary
property tax credit or temporary mill levy rate reduction expressed in mill levy
equivalents, and the net mill levy and under C.R.S. section 39-1-111.5(4), the Assessor
shall, concurrent with delivery of tax warrants to the Treasurer, itemize duly certified
temporary property tax credits or temporary mill levy rate reductions in the manner set
forth in C.R.S. section 39-1-111.5(2), and under C.R.S. section 39-1-111.5(5) the tax
statements shall indicate by footnote which local government mill levies reflect a
temporary property tax credit or temporary mill levy rate reduction for the purpose of
effecting a refund.
SECTION 1
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF
THE CITY OF ASPEN, Colorado for the purpose of balancing the 2014 budget, and
providing a reasonable closing fund balance for said fiscal year, levies the following
taxes upon each dollar of the total valuation for assessment of all taxable property within
the City of Aspen for the year 2013; that a temporary mill levy rate reduction is
authorized; and that the individual mill levies are expressed in terms of the gross mill
levy, the temporary mill levy rate reduction shown in mill levy equivalents, and the net
mill levy as shown below, which includes a temporary credit of 0.426 for the General
Property Tax mill levy:
2014 Temporary 2014 Mill
2014 Tax Rate Credit Levy Rate
General Property Tax 5.410 0.426 4.984
Stormwater Fund 0.650 0.000 0.650
Total 6.060 0.426 5.634
2013 Assessed Updated Mill Levy 2014
Valuation Rate Property Tax
General Fund $1,238,989,610 1.744 $2,160,798
Asset Management Fund $1,238,989,610 3.240 $4,014,326
Total General Mill Levy 4.984 $6,175,124
Total Stormwater Mill Levy $1,238,989,610 0.650 $805,343
Refund/Abatements $1,238,989,610 0.020 $25,862
Total 2014 Property Tax 5.654 $7,006,329
SECTION 2
The City Clerk is hereby directed to certify and deliver this Resolution to the Board of
County Commissioners for Pitkin County on or before December 15, 2013.
ADOPTED THIS 9 day of December 2013
r�
i
Steven Skaoron;- ayor
I, KATHRYN KOCH, duly appointed and acting City Clerk of the City of Aspen,
Colorado, do hereby certify that the foregoing is a true and correct copy of the Resolution
adopted by the City Council at its meeting held on December 9, 2013, which Resolution
was adopted subsequent to public hearings on the City of Aspen's 2014 Proposed
Municipal Budget and prior to the final day established by law for the certification of the
tax levy to Pitkin County, all was required by the Sections 9.8 and 9.9 of the Aspen
Home Rule Charter.
Kathryn Koch ity Clerk
County Tax Entity Code DOLA LGID/SID /
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments
TO: County Commissioners) of Pitkin County , Colorado.
On behalf of the City of Aspen
(taring entity)A
the City Council
(governing body)
s
of the City of Aspen, Colorado
(local government)
Hereby officially certifies the following mills
to be levied against the taxing entity's GROSS $ 1,238,989,610
assessed Valuation of: (GROSSD assessed valuation,Line 2 of the Certification of Valuation Form DLG 57E)
Note: If the assessor certified a NET assessed valuation
(AV)different than the GROSS AV due to a Tax
Increment Financing(TIF)AreJ the tax levies must be $ 1,238,989,610
calculated using the NET AV. The taxing entity's total (NETG assessed valuation,Line 4 of the Certification of Valuation Form DLG 57)
property tax revenue will be derived from the mill levy
multiplied against the NET assessed valuation of:
Submitted: 1211212013 for budget/fiscal year 2014
(not later than Dec.15) (mni/dd/yyyy) (Yyyy)
PURPOSE(see end notes for definitions and examples) LEVY' REVENUE
1. General Operating ExpensesH 5.410 mills $ 6,702,934
ZD
2. <Minus>Temporary General Property Tax Credit/
Temporary Mill Levy Rate Reduction' <0.426> mills $ <527,810>
SUBTOTAL FOR GENERAL OPERATING: 4.984 mills $ 6,175,124
3. General Obligation Bonds and Interest' mills $
4. ContractualObligationsK mills $
5. Capital ExpenditureSL mills $ „u v s C.
6. Refunds/Abatements' 0.020 mills $ ;
7. Other (specify): City's mills $
Clean'. 0.650 mills $ 805,343
610 - ;< 7 6 0;x;z
TOT, p . 0 J 2 5.654 mills $�
24, 779 • 79-,rc
Contact person: aytime
(print) Don Taylor p pone: ( 970 ) 920.5027 R
Signed:
Title: V&A� ^ � I+. -2
Include one copy of this tax entity's completed form when filing the local government's budget by January 31st,per 29-1-113 C.R.S.,with the
Division of Local Government(DLG), Room 521, 1313 Sherman Street, Denver, CO 80203. Questions? Call DLG at(303)866-2156
t If the taxing entity's boundaries include more than one county,you must certify the levies to each county. Use a separate form
for each county and certify the same levies uniformly to each county per Article X, Section 3 of the Colorado Constitution.
z Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation(Line 4 of
Form DLG57 on the County Assessor's final certification of valuation).
Form DLG 70(rev 7/08) Page I of 4
County Tax Entity Code DOLA LGID/SID /
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments
TO: County Commissioners) of Pitkin County , Colorado.
On behalf of the City of Aspen ,
(taking entity)A
the City Council
(governing body)$
of the City of Aspen, Colorado
(local government)
Hereby officially certifies the following mills
to be levied against the taxing entity's GROSS $ 1,238,989,610
assessed valuation of: (GROSSD assessed valuation,Line 2 of the Certification of Valuation Form DLG 57E)
Note: If the assessor certified a NET assessed valuation
(AV)different than the GROSS AV due to a Tax
Increment Financing(TIF)Arear the tax levies must be $ 1,238,989,610_
calculated using the NET AV. The taxing entity's total (NETG assessed valuation,Line 4 of the Certification of Valuation Form DLG 57)
property tax revenue will be derived from the mill levy
multiplied against the NET assessed valuation of:
Submitted: 1211212013 for budget/fiscal year 2014
(not later than Dec.15) (mm/dd/yyyy) (yyyy)
PURPOSE(see end notes for definitions and examples) LEVY2 REVENUE
1. General Operating ExpenseSH 5.410 mills $ 6,702,934
2. <Minus>Temporary General Property Tax Credit/
Temporary Mill Levy Rate Reduction' <0.426> mills $ <527,810>
SUBTOTAL FOR GENERAL OPERATING: 4.984 mills $ 6,175,124
3. General Obligation Bonds and Interest' mills $
4. Contractual Obligations' mills $
5. Capital ExpendituresL mills $
6. Refunds/Abatementsm 0.020 mills $ 25,862
7. OtherN(specify): City's Stormwater Fund mills $
Clean River Initiative 0.650 mills $ 805,343
Sum TOTAL: [Subt tal Tand L eOs 3 toy 7 ] 5.654 jmills 1 $ 7,006,329
Contact person: Daytime
(print) Don Taylor phone: ( 970) 920.5027
Signed: Title: v&Ak-x j
Include one copy of this tax entity's completed form when filing the local government's budget by January 31st,per 29-1-113 C.R.S.,with the
Division of Local Government(DLG),Room 521, 1313 Sherman Street,Denver, CO 80203. Questions? Call DLG at(303)866-2156
t If the taxing entity's boundaries include more than one county,you must certify the levies to each county. Use a separate form
for each county and certify the same levies uniformly to each county per Article X, Section 3 of the Colorado Constitution.
2 Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation(Line 4 of
Form DLG57 on the County Assessor's janal certification of valuation).
Form DLG 70(rev 7/08) Page 1 of 4