HomeMy WebLinkAbout2012 Ordinance No. 051OWi.NANCE NO . 5 I
SERms OF 2012 -
BY AUTHORITY
COUNCIL BILL NO. 51
INTRODUCED BY COUNCIL
MEMBER WOODWARD
AN ORDJ'<ANCE FIXING THE TAX LEVY IN Mil.LS UPON EACH DOLLAR OF THE
ASSES SEO VALUATION OF ALL TAXABLE PROPERTY WITHIN THE CITY OF
ENGLEWOOD, COLORADO.
WHEREAS, it is the duly of the City Council of 1he City of E~glewooJ, Colorado, under 1he
Englewood Horne Rule Charter and Colorado Revised S1atu1es, 10 mak,· the annual property levy
for Cily purposes; and
WHEREAS , tl,c City Council hns duly considered the estimn1cd valun1ion of nil the taxable
property within the City and the needs of '.he City and of each of said levies and has detennined
that the levies as hereinafter set forth, are proper and wise ; and
WHEREAS , the following levies are pertnitted under Article X, Section 20 of the Colorado
Constitution without .i vote by the ci1izens ~
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD. COLORADO , AS FOLLOWS:
Section I. That there be nnd hereby is levied for the year of 2012, ~ue and payable as requ ired
by s:atute in the year 2013 , a tax of 5.880 mills on the dollar for the G :neral Fund of the City of
Eng lewoud, Coloiado, ··nd 1.914 mills on the dollar for lhe Genera l Obli¥alion Bund Debt Service
, Fund of the City of Engle,•,,,od, Colorado.
That the levy hereinaho\'e set forth shall be levied upnn each dollar nflhe a<Sessed valuation o f
all taxable property wi:hin 1he corporate limits o f the C ,ty o f Englewood, Colorado, and the said
levy shall be certified by law .
Introduced, read in full, and passed on first reading on the I st day of Octo1,er, 2012.
Published by Title as a Bill for an Ord:nnncc in the City's official ncwspupcr on the 5th da y c,f
Oc1ober, 2012 .
Published as a Bi!I for an Ordinance on the City's official website beginning on the 3rd day of
October, 20 I 2 forth!rty (30) days.
Read h)' title and passed un final reading on the 15th day o:Octobor, 2012
l'uhli shcd b) tiLle in lhc Ci1y's official ncw~papcr ns Ordi11 :111cc No . '21, Serie.-. nf' ~012 , 011
the 19th day of October, 2012 .
l'u;;;.•c!te:d hy title on the Ci ty 's ol'licial website bcgmning on the I 7th day of
l '"" ',. . ·,' 'I 2 for thirty (30) days .
COUNCIL COMMUNICATION
Date Agenda Item Subject
Oc1ober i, 2012 11 a i Bill For An Ordinartcl! Eslablishing
Th e 201 2 Mill Levy Collected in
2013
Initiated By I Slaff Suurce
Department O( Finance and Administrative Servire~ Frank C.rv2lewir1, flirnr.tor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Cc:,uncil and slafi 1.ega11he 2013 budget process wilh a review of 1he Fi ve Year Forecast at the April
16, 201 2 Study Se;sion. A preliminary d;scussion on the 2013 Budget was held al the May 21, 2C 12 Study
Session. On August 13, !012 Council and staff met agai11 a1 1he Study Sessi on 10 discuss 2012 estimated
revenue and expendi,u, •! as well as the initial 2013 re·.-~• ,Je and expendilure forecasls . Citv Council
provided feedback and requested stafi prepare th e Proposed 2013 Budget for publication. The 2013
Proposed Judge! was printed and distribu1cd on Scplember 4, 2012 and was mode available online. A
public hearing regarding th e proposed budget was held September 17 , 2012 and a iollow-up Budget
Workshop was held at the Study Session on September 24, 2012.
RECOMMENDED ACTION
Staff recommends Council approve this bill for an ordinance establishing the 2012 mill levy t o be collected
i, 20D .
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
T~e City of Englewood assesses property tax for the general operations of 1he government and for the
General Obligation Bonds Debt Service Fun~. TABOR restricls the City from raising the mill levy wi1hou1 a
vote of the cit1zens. The City's r,ill levy has bee n unchanged since 1992 . This year's General Furrd mill levy
remains unchanged al 5.880 mills . The 2012 levy is cert'fied 10 Arapah oe County by December 15 , 2012
for collection in 201 3. The General Obliga1ion Bond debt sen,ice mill levy is 1.914 mills for 2012 for
colleclion in 2013.
FINANCIAL IMPACT
Bd:,~d u11 tht::! d))t::!:,S.ed vdludtio11 (01 the City of Er1Klewoo C as ..:erttfied b}' the Arapahoe County Assessor,
the es1ima1ed nel assess c value of all properties in Englewood for 2012 is $496,781 ,880 compared 10
S493 ,306,930 for 2012 . The 2013 mill for General Fund operations is 5.880 mills and 1 .9 14 mills for the
General Obligation Bonds Deb: Service Fund. The to1al mill levy is 7.794 for 201 2 collect-' i in 201 J . The
total amount budgeted for the General Fund is $2,898,000 (net of uncollectibles, abatements, etc.).
·nu •.,.,,, 11111: ! ,11 111~,·1,·,I f, 11 11 :1 · t ~1•1 ,,•r:11 Ol1lig.1ti<111 Bond!. Dt.:h l S1 :rv1ce FunrJ h; $940, ""!00 (net 111
111H c 1llc •1:1il>lt ~:;, ,1\i ,11i :1111 •111 s, 1:l c:.).
A l1111 111 •11 ,..,•111 •f witl 1 .1 $:!1 ll l,000 doll.u l 1rnnP. in r:11gl .•,,:ornl wo11lt! P'l)' lfu., lollowir .,: l e: lhe Cily nf
I 11gl1 :wur,d :
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Tula! Taxes l'aid To Cily Of f:n~lcwocul
UST Of AHACHMl'NTS
i~1111,,11111
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