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RESOLUTON NO. 102
(SERIES OF 2003)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO SETTING THE 2004 MUNICIPAL MILL LEVY 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, 2004 and December 31, 2004;
and
WHEREAS, the assessed valuation of the taxable property for the year 2003 in
the City of Aspen returned by the County Assessor of Pitkin County on August 26'\
2003, is the sum of $786,537,620; and
WHEREAS, the City Council has determined that the proper mill levy of 5.401
upon each dollar of the assessed valuation on all taxable property within the city shall be
that determined by the County Assessor sufficient to produce as valorem tax proceeds in
the amount of $4,385,994; and
WHEREAS, the City Council has determined that $2,807,036 of the total
$4,385,994 is to be specifically restricted for general asset management plan capital
projects; and
WHEREAS, the City Council has determined that $908,482 of the total
$4,385,994 is to be specifically retained for use in the General Fund; and
WHEREAS, THE CITIZENS OF ASPEN in November, 2000, authorized the
City of Aspen to collect, retain, and expend any property tax that is in excess of the limits
of Article X, Section 20, of the Colorado Constitution, for the purpose of contributing to
the enhancements to the Aspen Recreation Center, including the swimming pool, the
inclusion of the Aspen Youth Center within the complex, the expansion of common
elements for the addition of a privately funded ice rink, and to fund a capital and
operating fund for the facilities, the City Council determines that $670,476 is to be
specifically restricted for the improvements outlined above at the Aspen Recreation
Center.
WHEREAS, the Mill Levy will be set at 5.401 mills upon each dollar of total
assessed valuation of all taxable property within the City of Aspen.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
SECTION 1
That for the purpose of defraying the expenses of the City of Aspen, Colorado during the
fiscal year beginning January 1, 2004 and ending December 31,2004, there is hereby
levied a tax on said dollar of the assessed valuation of the taxable property in the City of
Aspen, Colorado for the purpo~e of raising the sum of $4,385,994 which together with
the Fund Balance and revenue' from all other revenue sources, is estimate to meet budget
expenditure requirements and provide a reasonable closing Fund Balance for said fiscal
year.
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, 2003.
ADOPTED T S 10th day of November 2003.
I, KATHRYN KOCH, duly appointed and acting City Clerk ofthe 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 November lO'h, 2003, which
Resolutionwas adopted subsequent to public hearings on the City of Aspen's 2004
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, ",\spen Home Rule Charter.
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