HomeMy WebLinkAboutresolution.council.050-91 RESOLUTION NO.
(Series of 1991)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO
SETTING THE 1992 MLrNICIPAL MILL LEV~ A_ND CERTIFYING SAMqE TO THE
BOA_RD OF COUNTY COMI~ISSIONERS FOR PITKIN COUNTY.
W/~EP~S, the City Manager, desig~ated by Charter to prepare
the budget, has prepared and submitted to the Mayor and City
Council the A~nual Budget for the City of Aspen, Colorado for the
fiscal year beginning January 1, 1992, and ending December 31, 1992
and
WI4EREAS, the assessed valuation of taxable property for the
year 1992 in the city of Aspen returned by the County Assessor of
Pitkin County, is the sum of THI~EE R-JNDRED FORTY-SEVEN MILLION, TWO
HUNDRED SEVENTY FIVE THOUSAND, SIXTY ($347,275,060) DOLLARS; and
W/~EREAS, the City Council has determined that the proper mill
levy 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 ad valorem tax proceeds in the
amount of ONE MILLION, EIGHT HIrNDRED SEV~NTY-FIVE THOUSAND, SIX
HUNDRED ($1,875,600) DOLLARS; and
~EREAS, the City Council has determined that SEVEN hUNDRED
SIXTY SEVEN THOUSAND, SIX h-JArDRED ($767,600) DOLLARS of the total
ONE MILLION, EIGHT h-JNDRED SEVENTY-FIVE THOUSAND, SIX HUNDRED
($1,875,600) DOLLARS is to be specifically restricted for general
city capital improvement projects; and
WHEREAS, the City Counoil has determinad that SIX R-~NDRED
SEVENTY FOUR THOUSAND ($674,000) DOIJ,ARS of the total ONE MILLION,
EIGHT R-JNDRED SEVENTY-FIVE THOUSAND, SIX HUNDRED ($1,875,600)
DOLLARS is to be specifically restricted for general city operating
maintenance for useage identified by City Council, FOUR HUNDRED
TWENTY-TWO THOUSAND (422,000) DOLLARS of which is budgeted to be
spent in 1992, and the unspent balance of TWO HUNDRED FIFTY-TWO
THOUSAND ($252,000) DOLLARS is to accumulate in a designated
account for operating maintenance in future years;
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, 1992
and ending December 31, 1992, 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 su~ of
$1,875,600 which, together with the Fund Balance and revenue from
all other sources, is estimated to meet budget ex~enditure
requirements and provide a reasonable closing Fund Balance for said
fiscal year.
SECTION ~
The City Clerk is hereby directed to certify and deliver this
Resolution to the Board of County Co~issioners for Pitkin County
on or before December 15, 1991.
Adopted this //~day of ~ , 1991.
John Bennett, Mayor
I, KAT~YN 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 City
Council at its meeting held December ll, 1991, which Resolution was
adopted subsequent to public hearings on the City of Aepen's 1992
proposed Municipal Budget and prior to the final day established by
law for the certification of the tax levy to Pitkin County, all as
required by Sections 9.8 and 9.9 of the Aspen Home Rule Charter.
Kathryn S. Koch, City Clerk