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HomeMy WebLinkAbout2016 Ordinance No. 042• • • ORDrNANCE NO.~ SERIES OF 20 I 6 BY AUTHORITY COUNClL BILL NO. 31 rNTRODUCEDBYCOUNCIL MEMBER GILLIT AN ORDrNANCE FIXING THE TAX LEVY IN MILLS UPON EACH DOLLAR OF THE ASSESSED VALUATION OF ALL TAXABLE PROPERTY WITHIN THE CITY OF ENGLEWOOD, COLORADO. WHEREAS, it is the duty of the City Council of the City of Englewood, Colorado, under the Englewood Home Rule Charter and Colorado Revised Statutes, to make the annual property levy for City purposes; and WHEREAS, the City Council has duly considered the estimated valuation of all the taxable property within the City and the needs of the City and of each of said levies and has detem:iined that the levies as hereinafter set forth, are proper and wise; and WHEREAS, the following levies are pennitted under Article X, Section 20 of the Colorado Constitution without a vote by the citizens; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, THAT: Section I. That there be and hereby is levied for the year of 2016, due and payable as required by statute in the year 2017, a tax of 5.880 mills on the dollar for the General Fund of the City of Englewood, Colorado, and 1.919 mills on the dollar for the General Obligation Bond Debt Service Fund of the City of Englewood, Colorado. That the levy hereinabove set forth shall be levied upon each dollar of the assessed valuation of all taxable property within the corporate limits of the City of Englewood, Colorado, and the said levy shall be certified by law. Introduced, read in full, and passed on first reading on the 3rd day of October, 2016. Published by Title as a Bill for an Ordinance in the City's official newspaper on the 6 1h day of October, 2016. Published as a Bill for an Ordinance on the City's official website beginning on the 5th day of October, 2016 for thirty (30) days. Read by title and defeated on final reading on the 17th day of October, 2016 . Reintroduced, read in full, and passed on first reading on the 7th day of November, 2016 l Published as a Bill for an Ordinance in the City's official newspaper on the 10111 of November, 2016. Published by title on the City's official website beginning on the 9th day of November, 2016 for thirty (30) days. Read by title and passed on final reading on the 21st day of November, 2016. Published by title in the City's official newspaper as Ordinance No. ~eries of 2016, on the 24th day of November, 2016. Published by title on the City's official website beginning o November, 2016 for thirty (30) days. I, Loucrishia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby certify that the above and foregoing i~ copy of the Ordinance passed on final reading and published by title as Ordinance No. eries of 2016. • ~ Loucrishia A. Ellis • 2 . . . . ,, . . . COUNCIL COMMUNICATION Date Agenda Item Subject November 21, 2016 11bi Bill For An Ordinance Establishing The 2016 Mill Levy Collected in 2017-2nd Reading Initiated By Staff Source Department Of Finance and Administrative Services Kathv Rinkel, Director PREVIOUS COUNCIL ACTION City Council and staff began the 2017 budget process at the April 18, 2016 Study Session with an overview of the City's Fiscal Health and Wellness by means of the Center for Priority Based Budgeting's Fiscal Health and Wellness Tool, General Fund Reserve Policy and preliminary budget discussion. The Proposed Budget was discussed with Council at the August 22, Study Session. The Proposed Budget was reviewed again with Council and staff at the Auqust 29 Study Session. On September 12, 2016, the Budget Advisory Committee provided Council with an update of their activities and provided an Annual Report regarding their findings and recommendations . A public hearing to gather citizen input regarding the 2017 Proposed Budget was held on September 19, 2016. Due to no public comment from the public hearing necessitating changes to the proposed budget, the "budget workshop" scheduled for the September 26, 2016 Study Session was not held. n October 3, 2016 a first reading was conducted and the ordinance was passed 7-0 On October 17, 2016 on second reading the motion failed on a 3-2 vote. The Englewood's home rule charter, Article V, Section 37 requires that every ordinance shall require the affirmative vote of the majority of the membership of the entire council for final passage. This item was resubmitted as a first reading on November 7, 2016, and passed on a 5-2 vote. RECOMMENDED ACTION Staff recommends Council approve this bill for an ordinance, on 2nd reading, establishing the 2016 mill levy to be collected in 2017. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED The City of Englewood assesses property tax for the general government operations and for the General Obligation Bonds Debt Service Fund. TABOR restricts the City from raising the mill levy without a vote of the citizens. The City's general mill levy has been unchanged since 1992. This year's General Fund mill levy remains unchanged at 5.880 mills; however, the General Obligation Bonds Debt Service mill levy is 1.919. The 2016 mill levy total of 7.799 for collection in 2017 is certified to Arapahoe County by December 15, 2016. FINANCIAL IMPACT Based on the assessed valuation for the City of Englewood as certified by the Arapahoe County Assessor, the estimated net assessed value of all properties in Englewood for 2016 is $575,373,717 compared to • $595,636,070 for 2015. The 2016 mill for General Fund operations is 5.880 mills and 1.919 mills for the General Obligation Bonds Debt Service Fund. The total mill levy is 7.799 for 2016 collected in 2017. The total amount budgeted for the General Fund is $3,356,000 (net of uncollectibles, abatements, etc.). The amount budgeted for the General Obligation Bonds Debt Service Fund is $1,102,000 (net of uncollectibles, abatements, etc.). For example, a homeowner with a $200,000 dollar home in Englewood would pay the following to the City of Englewood: N1arketValue Assessment Ratio Assessed Value General Operations Mill Levy Taxes Paid For General fund Operations N1arket Value Assessment Ratio Assessed Value Community Center Bond Fund Mill Levy Taxes Paid For General Obligation Bonds N1arket Value Assessment Ratio Assessed Value Tota I Mill Levy Total Taxes Paid To City Of Englewood LIST OF ATTACHMENTS Proposed bill for an ordinance $200,000 7.96% $15,920 5.88 $93.61 $200,000 7.96% $15,920 1.919 $30.55 $200,000 7.96% $15,920 7.799 $124.16 • COUNCIL COMMUNICATION b Date Agenda Item Subject November 7 , 2016 11ai Bill For An Ord inance Establishing The 2016 Mill Levy Collected in 2017 Initiated By Staff Source Department Of Finance and Administrative Services Kathy Rinkel , Director PREVIOUS COUNCIL ACTION City Council and staff began the 2017 budget process at the April 18, 2016 Study Session with an overview of the City's Fiscal Health and Wellness by means of the Center for Priority Based Budgeting's Fiscal Health and Wellness Tool, General Fund Reserve Policy and preliminary budget discussion. The Proposed Budget was discussed with Council at the August 22, Study Session. The Proposed Budget was reviewed again with Council and staff at the August 29 Study Session. On September 12, 2016, the Budget Advisory Committee provided Council with an update of their activities and provided an Annual Report regarding their findings and recommendations. A public hearing to gather citizen input regarding the 2017 Proposed Budget was held on September 19, 2016. Due to no public comment from the public hearing necessitating changes to the proposed budget, the "budget workshop" scheduled for the September 26, 2016 Study Session was not held. On October 3, 2016 a first reading was conducted and the ordinance was passed 7-0 October 17, 2016 on second reading the motion failed on a 3-2 vote. The Englewood's home rule charter, rticle V, Section 37 requires that every ordinance shall require the affirmative vote of the majority of the membership of the entire council for final passage. RECOMMENDED ACTION Staff recommends Council approve this bill for an ordinance establishing the 2016 mill levy to be collected in 2017. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED The City of Englewood assesses property tax for the general government operations and for the General Obligation Bonds Debt Service Fund. TABOR restricts the City from raising the mill levy without a vote of the citizens. The City's general mill levy has been unchanged since 1992. This year's General Fund mill levy remains unchanged at 5.880 mills; however, the General Obligation Bonds Debt Service mill levy is 1.919. The 2016 mill levy total of 7. 799 for collection in 2017 is certified to Arapahoe County by December 15, 2016. FINANCIAL IMPACT Based on the assessed valuation for the City of Englewood as certified by the Arapahoe County Assessor, the estimated net assessed value of all properties in Englewood for 2016 is $575,373,717 compared to $595,636,070 for 2015. The 2016 mill for General Fund operations is 5.880 mills and 1.919 mills for the • General Obligation Bonds Debt Service Fund. The total mill levy is 7.799 for 2016 collected in 2017. The total amount budgeted for the General Fund is $3,356,000 (net of uncollectibles, abatements, etc.). The amount budgeted for the General Obligation Bonds Debt Service Fund is $1,102,000 (net of uncollectibles, abatements , etc.). For example, a homeowner with a $200,000 dollar home in Englewood would pay the following to the City of Englewood: Market Value Assessment Ratio Assessed Value General Operations Mill Levy Taxes Paid For General Fund Operations Market Value Assessment Ratio Assessed Value Community Center Bond Fund Mill Levy Taxes Paid For General Obligation Bonds Market Value Assessment Ratio Assessed Value Total Mill Levy Total Taxes Paid To City Of Englewood LIST OF ATTACHMENTS Proposed bill for an ordinance $200,000 7.96% $15,920 5.88 $93.61 $200,000 7.96% $15,920 1.919 $30.55 $200,000 7.96% $15,920 7.799 $124.16 • • ORDINANCE NO. SERIES OF 2016 BY AUTHORITY ABILLFOR COUNCIL BILL NO. 31 INTRODUCED BY COUNCIL MEMBER ------- AN ORDINANCE FIXING THE TAX LEVY IN MILLS UPON EACH DOLLAR OF THE ASSESSED VALUATION OF ALL TAXABLE PROPERTY WITHIN THE CITY OF ENGLEWOOD, COLORADO. WHEREAS, it is the duty of the City Council of the City of Englewood, Colorado, under the Englewood Home Rule Charter and Colorado Revised Statutes, to make the annual property levy for City pwposes; and WHEREAS, the City Council has duly considered the estimated valuation of all the taxable property within the City and the needs of the City and of each of said levies and has determined that the levies as hereinafter set forth, are proper and wise; and WHEREAS, the following levies are permitted under Article X, Section 20 of the Colorado Constitution without a vote by the citizens; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, THAT: Section 1. That there be and hereby is levied for the year of 2016, due and payable as required by statute in the year 2017, a tax of 5.880 mills on the dollar for the General Fund of the City of Englewood, Colorado, and 1.919 mills on the dollar for the General Obligation Bond Debt Service Fund of the City of Englewood, Colorado. That the levy hereinabove set forth shall be levied upon each dollar of the assessed valuation of all taxable property within the corporate limits of the City of Englewood, Colorado, and the said levy shall be certified by law. Introduced, read in full, and passed on first reading on the 3rd day of October, 2016. Published by Title as a Bill for an Ordinance in the City's official newspaper on the 6th day of October, 2016. Published as a Bill for an Ordinance on the City's official website beginning on the 5th day of October, 2016 for thirty (30) days. Read by title and defeated on final reading on the 17th day of October, 2016. Reintroduced, read in full, and passed on first reading on the 7th day of November, 2016 1 Published as a Bill for an Ordinance in the City's official newspaper on the 10th of November, • 2016. Published by title on the City's official website beginning on the 9th day of November, 2016 for thirty (30) days. Joe Jefferson, Mayor ATTEST: Loucrishia A. Ellis, City Clerk I, Loucrishia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby certify that the above and foregoing is a true copy of a Bill for an Ordinance, reintroduced, read in full, and passed on first reading on the 7th day of November, 2016. Loucrishia A. Ellis 2 • .. COUNCIL COMMUNICATION .. Date Agenda Item Subject October 3, 2016 11ai Bill For An Ordinance Establishing The 2016 Mill Levy Collected in 2017 Initiated By Staff Source Department Of Finance and Administrative Services Kathy Rinkel , Director PREVIOUS COUNCIL ACTION City Council and staff began the 2017 budget process at the April 18, 2016 Study Session with an overview of the City's Fiscal Health and Wellness by means of the Center for Priority Based Budgeting's Fiscal Health and Wellness Tool, General Fund Reserve Policy and preliminary budget discussion. The Proposed Budget was discussed with Council at the August 22, Study Session. The Proposed Budget was reviewed again with Council and staff at the August 29 Study Session. On September 12, 2016, the Budget Advisory Committee provided Council with an update of their activities and provided an Annual Report regarding their findings and recommendations. A public hearing to gather citizen input regarding the 2017 Proposed Budget was held on September 19, 2016. Due to no public comment from the public hearing necessitating changes to the proposed budget, the "budget workshop" scheduled for the September 26, 2016 Study Session was not held. RECOMMENDED ACTION aff recommends Council approve this bill for an ordinance establish ing the 2016 mill levy to be collected in 2017. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED The City of Englewood assesses property tax for the general government operations and for the General Obligation Bonds Debt Service Fund. TABOR restricts the City from raising the mill levy without a vote of the citizens. The City's general mill levy has been unchanged since 1992. This year's General Fund mill levy remains unchanged at 5.880 mills; however, the General Obligation Bonds Debt Service mill levy is 1.919. The 2016 mill levy total of 7.799 for collection in 2017 is certified to Arapahoe County by December 15, 2016. FINANCIAL IMPACT 'lo Based on the assessed valuation for the City of Englewood as certified by the Arapahoe County Assessor, the estimated net assessed value of all properties in Englewood for 2016 is $575,373,717 compared to $595,636,070 for 2015. The 2016 mill for General Fund operations is 5.880 mills and 1.919 mills for the • General Obligation Bonds Debt Service Fund. The total mill levy is 7.799 for 2016 collected in 2017. The total amount budgeted for the General Fund is $3,356,000 (net of uncollectibles, abatements, etc.). The amount budgeted for the General Obligation Bonds Debt Service Fund is $1,102,000 (net of uncollectibles, abatements, etc.). For example, a homeowner with a $200,000 dollar home in Englewood would pay the following to the City of Englewood: Market Value $200,000 Assessment Ratio 7.96% Assessed Value $15,920 General Operations Mill Levy 5.88 Taxes Paid For General Fund Operations $93.61 Market Value $200,000 Assessment Ratio 7.96% Assessed Value $15,920 Community Center Bond Fund Mill Levy 1.919 Taxes Paid For General Obligation Bonds $30.55 Market Value $200,000 Assessment Ratio 7.96% Assessed Value $15,920 Total Mill levy 7.799 Total Taxes Paid To City Of Englewood $124.16 LIST OF ATTACHMENTS Proposed bill for an ordinance -