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RESOLUTION NO. ~
(Series of 1998)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO
SETTING THE 1999 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, 1999, and ending December 31,
1999 and
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WHEREAS, the assessed valuation of taxable property for the
year 1998 in the City of Aspen returned by the County Assessor of
Pitkin County, is the sum of FOUR HUNDRED SIXTY-EIGHT MILLION,
THREE HUNDRED AND SIXTY-FIVE THOUSAND, AND SIX HUNDRED
(468,365,600) DOLLARS; and
WHEREAS, 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 TWO MILLION, FIVE HUNDRED AND THIRTEEN THOUSAND, SEVEN
HUNDRED AND NINETEEN ($2,513,719) DOLLARS; and
WHEREAS, the City Council has determined that ONE MILLION,
NINE HUNDRED FORTY-FOUR THOUSAND, ONE HUNDRED AND EIGHTY-SIX
($1,944,186) DOLLARS of the total TWO MILLION, FIVE HUNDRED AND
THIRTEEN THOUSAND, SEVEN HUNDRED AND NINETEEN ($2,513,719) DOLLARS
is to be specifically restricted for general asset management plan
projects;
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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, 1999
and ending December 31, 1999, 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
$2,513,719 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.
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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, 1998.
Adopted this 2~ day of YJ~, 1998
!)4 19~-
John Bennett, 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 City
Council at its meeting held, ~ 023, 1f1g", which
Resolution was adopted subsequent to public hearings on the City
of Aspen's 1998 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.
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Kathryn S. Koch, City Clerk
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CERTIFICATION OF TAX LEVIES
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TO: County Commissioners of P it kin County, Colorado. For
the year 19 98, the City Council of the City of Aspen
(governing board) (unit of government)
hereby certifies the following mill levies to be extended upon the total assessed valuation of
$ 468,365,600 .
PURPOSE LEVY REVENUE
1. General Operating Expenses 1.071 miIls $ 501,620
2. Refunds/Abatements miIls $
3. Annual Incentive Payments pursuant to mills $
30-11-123(6) CRS (Counties only) or
31-15-903(5) CRS (Municipalities only)
SUBTOTAL 1.071 mills S 501,620
4. General Obligation Bonds and Interest* .179 miIls $ 83,837
S. Contractual Obligations Approved at Election mills $
6. Capital Expenditures levied pursuant to CRS mills $
29-1-301(1.2) (Counties and Municipalities
only) or CRS 29-1-302(1.5) (Special
Disuicts only)
7. Expenses Incurred in Reappraisal mills $
pursuant to Ordered or Conducted by State
Board of Equalization (County only)
8 Payment to State of Excess State miIls $
Equalization Payments to School
(""'- Districts (County only)
9. Temporary Property Tax Credit! ( 014) miIls $ (1 S q?4)
Temporary Mill Levy Rate Reduction
CRS 39-5-111.5
10, Other (specify) General Fund Capital & , C;1 miIls $J.-y9..4.4., 1 8 q
Asset Management Plan
GROSS TOTAL or NET TOTAL 5.11i7 mills S ? S 11 7' q
Contact pt;rson: She Ua S tei:au er
Signed~ ~~J\ ~Q u. Q J.... )
Date: November 23, 1998
. CRS 32-1-1603 requires Special Districts to "certify separate mill levies to the Board of County
Commissioners, one each for funding requirements of each debt." Space is provided on the back ofthis
form. Total should be recorded above on line 4.
Daytime Phone: (970 ) 920- 5 04 0
Title
Budget Director
NOTE: Certification must be to three decimal places only. If your boundaries extend into more than
one county, please list all counties here:
Send a copy to Division of Local Government, Room S21, and the Division of Property Taxation, Room
419 1313 Sherman Street, Denver, Colorado 80203.
FORM DLG 70 (Rev. 6/94)
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Revised 10/96
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(ONLY APPLIES TO TITLE 32, ARTICLE 1 SPECIAL DISTRICTS)
1. Purpose of Issue:
Series:
Date Of Issue:
Coupon Rate:
Maturity Date:
Levy:
Revenue:
2. Purpose of Issue:
Series:
Date Of Issue:
Coupon Rate:
Maturity Date:
Levy:
Revenue:
3.
Purpose of Issue:
Series:
Date Of Issue:
Coupon Rate:
Maturity Date:
Levy:
Revenue:
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4. Purpose of Issue:
Series:
Date Of .Issue:
Coupon Rate:
Maturity Date:
Levy:
Revenue:
5. Purpose of Issue:
Series:
Date Of Issue:
Coupon Rate:
Maturity Date:
Levy:
Revenue:
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Revised 10/96
A-IS