HomeMy WebLinkAbout2013 Ordinance No. 054•
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ORDINANCE NO. 51-
SERIES OF 2013
BY AUTHORITY
COUNCIL BILL NO . 52
INTRODUCED BY COUNCIL
MEMBER GILLIT
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 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 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 , AS FOLLOWS :
Section 1. That there be and hereby is levied for the year of 2013 , due and payable as required
by statute in the year 2014, a tax of 5 .880 mills on the dollar for the General Fund of the City of
Englewood, Colorado, and 2 .244 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 tax able 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 7th day of October, 2013.
Published by Title as a Bill for an Ordinance in the City's official newspaper on the 11th day of
October, 2013 .
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Published as a Bill for an Ordinance on the City's official website beginning on the 9th day of
October, 2013 for thirty (30) days .
Read by title and passed on final reading on the 21ST day of October, 2013.
Published by lille in the City's official newspaper as Ordinance No. 51/,-Series of 2013, on
the 25th clay of October, 2013.
Published by title on the City's official website beginning on the 23rc 1 day of
October, 2013 for thirt y (30) days .
R~~ P. Penn, Mayor
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I, Loucrishia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby certify that the
above and foregoing is ,:;..}J.ue copy of the Ordinance passed on final reading and published by
title as Ordinance No . '2.'J_, Series of 2013.
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COUNCIL COMMUNICATION
Date Agenda Item Subject
October 7, 2013 11 a i Bill For An Ordinance Establishing The
2013 Mill Levy Collected in 2014
Initiated By Staff Source
Department Of Finance and Administrative Servi ces Frank Gryglewicz, Dire ctor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council and staff began the 2014 budget pro ce ss at the April 22, 2013 Study Session with an overview
of the Five Year Forecast and preliminary budget discussion. Council briefly discussed the 2014 Budget at
the July 15 , 2013 Study Session. Council reviewed the 2014 Proposed Budget at the August 26, September
3, and 9, 201 3 Stud y Sessions .
As a result of these meetings, City Council provided feedback and requested staff prepare the Proposed
2014 Budget for publication. The 2014 Proposed Budget was made available online September 6, 2013
and then printed and distributed on September 12, 2013. A public hearin g regarding the proposed budget
was held September 16, 2013 and a follow-up Budget Workshop was held September 23, 2013 .
RECOMMENDED ACTION
Staff recommends Co uncil approve this bill for an ordinance establishing the 2013 mill levy to be coll ec ted
in 2014.
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
The City of En glewood assesses property tax for the genera l government operatio ns and for the General
Obligation Bonds Debt Service Fund. TABOR restricts the City from raising the mill l evy without a vote of
the citizens. Th e City 's general mill levy has been unchanged since 1992. This year's G eneral Fund mill lev y
remains unchanged at 5.880 mills . The 2013 levy is certified to Arapahoe County by December 15, 2013
for col l ection in 2014.
FINANCIAL IMPACT
Based o n the assessed valuation for the City of Englewood as ce rtifi ed by the Arapahoe County Assess or,
the estimated net assessed value of all properties in Englewood for 2013 is $497,855,060 compared to
$498,187,350 for 2012. The 2013 mill for General Fund operations is 5.880 mills and 2.244 mills for the
General Obligation Bonds Debt Service Fund . The total mill levy is 8.124 for 2013 collec ted in 20 14. The
total amount budgeted for the General Fund is $2 ,898,0 00 (net of uncoll ec tibles, abatements, etc.). The
amount budgeted for the General Obligation Bonds Debt Service Fund is $1,107,000 (net of uncollectibles,
abatements, etc.) .
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
5.880
$93.61
$200,000
7.96%
$15 ,920
2 .244
$35.72
$200,000
7.96%
$15,920
8.124
$129.33
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