HomeMy WebLinkAboutresolution.council.092-05 SOI TON
, SmES 200S
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO SETTING THE 2006 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, 2006 and December 31, 2006;
and
WHEREAS, the assessed valuation of the taxable property for the year 2005 in
the City of Aspen returned by the County Assessor of Pitkin County on August 25th,
2005, is the sum of $825,735,300; and
WHEREAS, the City Council has determined that the proper mill levy of 5.4100
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 $4,521,328; and
WHEREAS, the City Council has determined that $1,504,053 of the total
$4,521,328 is to be specifically restricted for general asset management plan capital
projects; and
WHEREAS, the City Council has determined that $2,453,981 of the total
$4,521,328 is to be specifically retained for use in the General Fund; and
WHEREAS, THE CITIZENS OF ASPEN in November, 2005, authorized the
City of Aspen to collect, retain, and expend any property tax that is in excess of the limits
of Anlcle X, Section 20, of the Colorado Constitution, for the purpose of purchasing
alternative fuel (e.g. hybrid) bus or busses for use within the City's RFTA routes;
Improving the quality of storm water runoff entering the Roaring Fork River through
construction of the Jenny Adair Wetlands Project, and associated improvements to the
City's storm water runoff retention and sediment removal systems; Design and
construction of a new outdoor swimming pool at the Aspen Recreation Center; and,
Construction of improvements to key elements of the City's sidewalk and trail system
including Americans with Disabilities Act (ADA) improvements; and the umonnt of such
excess revenue available for these purposes for 2006 is calculated as $563,294.
WHEREAS, the Mill Levy will be set at 5.4100 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, 2005 and ending December 31, 2005, 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 $4,521,238 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, 2005.
I, KATHRYN 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 on November ~d-~, 2005, which
Resolution was adopted subsequent to public hearings on the City of Aspen's 2005
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. K~i~'~~ erk
CERTIFICATION OF VALUES
Name of Jurisdiction: CITY OF ASPEN New District:
USE FOR STATUTORY PROPERTY TAX REVENUE LIMIT CALCULATIONS (5.5% LIMIT) ONLY
In accordance with 39-5-121(2)(a) and 39-5-128(1), C.R.S., The total Assessed Valuations for taxable year
2005 In PITKIN COUNTY
Previous Year's Net Total Assessed Valuation:
Current Year's Gross Total Assessed Value :1::
(-) Less TIF distdct increment, if any:
Current year's net total assessed valuation:
New Construction *:
Increased production of producing mine **:
Annexations/Inclusions:
Previously exempt federal property **:
New prima~y Oil or Gas production from any
oil and gas leasehold or land (29-1-301(1)(b) C.R.S.) ***:
Taxes collected last year on omitted property
as of AUGUST 1 (29-1-301(1Xa) C.R.S.):
Taxes abated and refunded as of AUGUST 1
(29-1-301(1)(a) and 39-10-114(1XaXl)(B) C.R.S.):
On
August 25, 2005 Are:
$ 778,904,t 60
$ 825,735,300
$ o
$ 925,735,300
$ t5,560,220
$ 0
$ 0
$ 0
$ o
$ 0.00
$ 12,663.50
~ This value reflects personal property exemptions IF enacted by the Jurisdiction as authorized by Art. X, Sec. 20(8)(b), Colo. Constitution
* New Construction is defined as: Taxable rea[ propeCoj structures and the personal property connected with the structure.
*** Jurisdiction must submit a cartlficaUon to the Division of Local Government in order for a value to be accrued. (DLG52 & 52A)
**** Jurisdiction must submit an application to the Division of Local Government In order for a value to be accrued. (DLG 52B}
USE FOR 'TABOR' LOCAL GROWTH CALCULATIONS ONLY
In Accordance with the Art. X, Sec20, Colorado Constitution and 39-5-121(2Xb),C.R.S. The Actual Valuations for the Taxable Year
2005 In PITKIN COUNTY
Current Year's Total Actual Value of All Real Property *:
ADDITIONS TO TAXABLE REAL PROPERTY:
Construction of taxable real property improvements **:
Annexations/Inclusions:
Increased mining production ***:
Previously exempt property:
Oil or Gas production from a new well:
Taxable real property omitted from the prevous year's tax
warrant.(Only the most current year value can be reported):
DELETIONS FROM TAXABLE REAL PROPERTY:
Destruction of taxable real property improvements:
Disconnection/Exclusion:
Previously taxable property:
On
August 25, 2005 Are:
$ 7,250,174,600
$ t89,tt0,050
$ 0
$ 0
$ o
$ 0
$ 54,289,720
$ 0
$ 1,876,300
* This Includes the actual value of all taxable real property plus the actual value of religious, private schools, and charitable real property.
** Construction is defined as newly constructed taxable real property structures.
*"* Includes production from a new mina and increase in production of a producing mine.
NOTE: All levies must be certified to the Board of County Commissioners no later than December 15, 2005.