HomeMy WebLinkAboutresolution.council.051-90 RESOLUTION NO.
(series of 1990)
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, 1991, and ending December 31, 1991
and
WHEREAS, the assessed valuation of taxable property for the
year 1991 in the City of Aspen returned by the County Assessor of
Pitkin County, is the sum of TWO HUNDRED FORTY-ONE MILLION, SEVEN
HUNDRED FIFTY EIGHT THOUSAND, FIVE HUNDRED EIGHTY ($241,758,580)
DOLLARS; and
WHEREAS, the city Council has determined that the proper
mill
levy upon each dollar of th~assessed valuation on all taxable
!
property within the city shall be that determined by the County
Assessor sufficient to produce ad valorem tax proceeds in the
amount of ONE MILLION THREE HUNDRED FIVE THOUSAND FOUR HUNDRED
FIFTY ($1,305,450) DOLI2%RS; and
WHEREAS, the city Council has determined that SEVEN HUNDRED
TWENTY FIVE THOUSAND ($725,000) DOLLARS of the total ONE MILLION
THREE HUNDRED FIVE THOUSAND FOUR HUNDRED FIFTY ($1,305,450) DOLLARS
is to be specifically restricted for general city capital
improvements, projects and equipment;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ASPEN, COLORADO:
That for the purpose of defraying the expenses of the city of
Aspen, Colorado during the fiscal year beginning January 1, 1991
and ending December 31, 1991, 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 purpose of raising the sum of
$1,305,450 which, together with the Fund Balance and revenue from
all other sources, is estimated to meet budget expenditure
requirements and provide a reasonable closing Fund Balance for said
fiscal year.
Adopted this /~ day of November, 1990.
William L. Stifling, Mayor
I, KATHRYN S. 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 Council
at its meeting held November 12, 1990, which Resolution was adopted
subsequent to the public hearing on such proposed budget held
September 24, October 8 & 22 and November 12th and prior to the
final day established by law for the certification of the ensuing
year's tax levy to Pitkin County, all as required by Sections 9.6
and 9.3 of the Aspen Home Rule Charter
Kathryn S. Koch, City Clerk