HomeMy WebLinkAboutresolution.council.165-17 RESOLUTON NO. 165 .
(SERIES OF 2017)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO SETTING THE 2018 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, 2018 and ending December 31,
2018; and
WHEREAS, the net assessed valuation of the taxable property for the year 2017
in the-City of Aspen returned by the County Assessor of Pitkin County was certified on
November 29, 2017, is the sum of$1,619,859,390; and
WHEREAS, the net assessed valuation of taxable property in Aspen increased
approximately 9.2%between 2016 and 2017 assessment years; and
WHEREAS, under section 9.9 of its Home Rule Charter, the City of Aspen shall
constitute a levy of the property taxes incorporated into its adopted budget; and
WHEREAS, a general purpose mill levy has been established at an amount not to
exceed 5.410 mills, and is calculated to produce gross ad valorem tax proceeds in the
amount of $8,763,439 for collection year 2018; based upon the assessed valuation as
determined by the County Assessor, and
WHEREAS, a temporary reduction in general 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; and
WHEREAS, voter approval on November 6, 2007 established the separate.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
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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, 2017.
ADOPTED THIS 11 day of December 2017
1
Steven Skadr , Mayor
1, Linda Manning, 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 11, 2017, which Resolution was
adopted subsequent to public hearings on the City of Aspen's 2018 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.
Linda Manning,tity Clerk