HomeMy WebLinkAboutresolution.council.097-06
RESOLUTON NO. CJ1-
(SERIES OF 2006)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO SETTING THE 2007 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 1,2007 and December 31,2007;
and
WHEREAS, the assessed valuation of the taxable property for the year 2006 in
the City of Aspen returned by the County Assessor of Pitkin County on August 25th,
2006, is the sum of$847,109,098; 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 $4,582,860; and
WHEREAS, the City Council has determined that $3,064,525 of the total
$4,582,860 is to be specifically restricted for general asset management plan capital
projects; and
WHEREAS, the City Council has determined that $1,190,904 of the total
$4,582,860 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 Article 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 amount of such
excess revenue available for these purposes for 2007 is calculated as $327,431.
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 1,2006 and ending December 31, 2006, 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 $4,582,860 which together with
the Fund Balance and revenue from all other revenue sources, is estimated 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, 2006.
ADOPTED THIS 27th day of November 2006.
~.""r'
~K m d, ayor
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 :lj;2006, which .
Resolution was adopted subsequent to public hearings on the City of Aspen's 2006
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.
CERTIFICATION OF VALUES
Bcd 5~~ t::ep \-
Name of Jurisdiction: CITY OF ASPEN V 011337 New District: N
USE FOR STATUTORY PROPERTY TAX REVENUE LIMIT CALCULATIONS (5.5% LIMIT) ONLY
~
In accardance with 39-5-121(2)(a) and 39-5-128(1), C.R.S., The tatal Assessed Valuatians far taxable year
2006 In PITKIN COUNTY On AUGUST 25, 2006 Are:
Previaus Year's Net T atal Assessed Valuatian: $ ..- 824,951,710
Current Yea~s Grass Tatal Assessed Value :t: : $ 847,109,098
(-) Less TIF district increment, if any: $ 0
Current year's net tatal assessed valuatian: $ 847,109,098
New Construction *: $ 22,577,510
Increased praductian af praducing mine ": $ 0
Annexatians!1 nclusians: $ 322,280
Prevlausly exempt federal praperty ": $ 0
New primary Oil ar Gas praductian fram any $ 0
ail and gas leasehald or land (29-1-301(1)(b) C.R.S.) '*':
Taxes callected last year an amltted pro.perty $ 0.00
as af AUGUST 1 (29-1-301(1)(a) C.R.S.):
Taxes abated and refunded as af AUGUST 1 $ 7,266.67
(29-1-301(1)(a) and 39-10-114(1)(a)(I)(B) C.R.S.):
t This value reflects personal property exemptions IF enacted by the jurisdiction as authorized by Art. X, Sec. 20(B)(b}, Colo. Constitution
* New Construction is defined as: Taxable real property structures and the personal property connected with the structure.
**'" Jurisdiction must submit a certification 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 528)
USE FOR 'TABOR' LOCAL GROWTH CALCULATIONS ONLY
In Accardance with the Art.X, Sec20, Calarada Canstitutia[l and 39-5-121(2)(b),C.R.S. The Actual Valuatians far the Taxable Year
2006 In PITKIN COUNTY On AUGUST 25, 2006 Are:
" This includes the actual value of all taxable real property plus the actual value of religious, private schools, and-charitable real property.
fo* Construction is defined as newly constructed taxable real property structures. '
*** Includes production from a new mine and Increase in production of a producing mine.
HaTE: All levies must be certified to. the Baard af Caunty Cammissianers no. later than December 15, 2006.
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