HomeMy WebLinkAbout2011 Ordinance No. 063ORD INANCENO .w
SERIES OF 20 11
BY AUTHOR ITY
COUNCIL BlLL O 59
INTRODU CED BY COUNCIL
MEMBER McCAS LIN
/\N ORDlNANC E f[)(lNG Tl I E TAX LEVY lN MILL S UP ON EA CH DOLL/\R OF THE
ASSESSED VA LUAT ION OF ALL TAXA BLE PR OPERTY \Vl T HIN THE CITY OF
ENGL EWOO D, COLO RAD O.
\VHERE ,\S, it :s th e du ty of th e C11 y Co un c.11 oft h,° City ofF.n el ewnnd , C:nlnrnrln, 1111,le r the
Englew ood Home Ru le Ch arter an d Colorado Rev ised Statut es , 10 mak e the annua l propcny levy
fo r ity purpo ses ; and
WHEREAS. th e Ci ty Counc il has d ulv co nsi dered the csti i:i•t ed val catio n of all the taxable
propcr.y with in th e Cny and lh c need s o f th e City and 01 each of ·;a id levies nn d has det cn nincd
that th e lc,·1es as her einafler se 1 fo 11h , are prope r a.nd wi se; and
WHEREAS , the foll ow 111 g levies arc pcm\l l!Cd 11 nder Art icle X, Sc clt on 20 of th e Colo ra do
Co ns11 1u110n \\ ith out a vote by th e cit izens,
NOW, THERE FO R£, BE r r OR D/\lNED DY TI-IE CIT Y COUNC IL O F T ILE Crl y OF
EHGLE WOOD , CO LORADO. AS FOL LOWS:
Se c11011 I. l'ha t th ere be and hereby 1s lc\'iecl for 1he year of 20 I I . rlu c nnd pa yah le a~ required
by st ntute m th e year 20 12, a tax of 5.880 mi ll s 0 11 the dollar fo r the Genera l Fund or the C11 y of
Englew oo d, Colora do, an d I. 74 1 mill s on th e dollar for the Gen eral Obhga 11 on l:l ond Deb t Service
Fu nd of th e Cit y of Eng lewood, Colorado .
That the levy here inabove set forth s h:1 11 be levied upon each do ll ar of th e ass es sed va lua tion of
all l.i xab le propert y "''1 thin the corpo rat e limit s of the Ci1y of En gkwood , Co lorad o, and the said
levy sha ll be certifi ed hy la w
Jmroduccd . re-ad in fu ll, and pa ss ed on fi rs l readin g on th e Jr,l da y oiOctobc r, :0 1 I.
Publi sh ed by Title as a l:l1 11 fo r ,n O r~ina ncc in the Cit y', offic ial new spap er on th e 7Lh da y of
Octobe r, 20 I I.
Puhl 1-.hecJ a;, a 13ill fOr rm Ord i11:\11ce (•n th e Cit y 's officw ! wcb 81 tc h,.:gin:1 in g on the 5t h d:1 y or
Octohe r, 20 11 fo r 1l11 rt ) (30) d"ys.
l{ca d by ti tl e ,md p:u:se cl 011 fi 11:1 \ :-cacl 111g 011 tl1 c 17r h day ti r Oc1o i,c 1. 201 1
/.?.. PulJl isl 1cU by 11tlc 111 1l 1c C i1 y·s uffidul 11cwsp;1pc r :1s O rd nm 11cc Nu~ Sc 1ic'i t1 1' 20 11, Oi l
·he 2 1sr cl ay a l Octohc,, 201 I
Publ i3hcd b y titl e n11 the C uy's o fl it.:iu l 'Ncb s11 c h!,; •in n ing 011 the I ')th cl ny or
Ocrohcr, 20 1 I ro, 1hi11> ()0) days .
I, Ll)Uc rish1.1 A. Ell is , Cit y C'.crk o t the City o f l:nglcwC\,.;cl, Co loi.1 do, hc rchy cc 11i!y 1hm the
,1ho\'C a nd forc ~o in g 1s;~!,J t1C copy of th e Orcl 1n.111 cc p:t sc;ed on fi 1K1l 1c:td1ng and publi she d hy
tit le as Ord111:rn c:e No <Q. Sc ri t•s of 201 I
CO UNCIL COMMUNICATI O N
Dale Ag end a ll e m Sub ject
O c tob er 3, 20 11 1 I a vii Bi ll r u , dn On.l illd ll Lt!
est ab lishing th e 201 1 M rll Levy
Coll ec 1ed in 20 1 2
Slaff ~o u rcc I n it iate d By I
Departm e nt Of Fin;:in cc :1 nd Ad rnini !j t r.:1ti vc Se rvices Fran k G ry glewicz, Di rec l o r
CO L.:NCIL GOA L A N D PREV IOUS COUN CIL ACT ION
rly Counc il an d slaff began lhe lU I ~ budget pro cess at lh e fobrua ry 28 , 20 I I St ud v Sessro n .
o unci l and staff met aga m to discu ss the 20 12 Buds I at the August 1, Aug u;t 12, 20 1 I Stu dy
Sess ions . I rn anc e and Adm ini st ra trve S~rvrces pro 1ided Co un cil wi th the 20 12 Proposed Bu dge l on
A11 gus I 25 and posted it on the Ci ly's webs it e the followin g da y. A pu blic hea ring regard ing the
pro po seu 20 12 6udgc t was he ld on Septem ber 6, 20 1 1. The opera tmg budgets and Mulri p le Yea r
Cap ital Plan for all Cit y depa rt , wnts an d fun ds we re rev iewed at th e Budee t Wor! sho p held
Sc plember 12, 20 11.
R~CO MMENDED ACT ION
SI aif reco 1nrn ends Counci l ap p rove thi s b ill fo r an o rd inan ce es tabl is h ing the 20 11 m ill levy to be
co ll ec ted in 201 2.
BACKGROUND , AN ALYSIS, AND ALTERNA TI VE S IDEN TI FIED
The Ciiy o f cnglew ood assesses pr o perly l ax fo r the genera l o perati o ns o f the gover nm >nt and for
1h c Ge nera l Obli ga l io n Bo nd s D ebi Service Fund . r A BOR res tri cts th e Cit) fro m raising th e nll ll
lev y w ithout a vo te o f th e citi 2en s. Th e City's mill levy ha s b en un cha nge d si nce 1 'J'J2 . Thi s
y0 ar's Genera l r u ne! mill levy rPm~ins 11n r hangPrl ,11 S iHlO mills Th e 20 11 IPV\' is re rt rfi cl to
Arapa h oe Cou nly by December 15, 201 I fo r co ll ec tion i n 20 12
FINAN CIAL IMP ACT
Based on th e assessed va lua11 o n fo r th e City of En glewood as ce r1ifi ed by th e •\rap ah oe Co unt y
,\ssesso r, 1he es l i mated nel ~ssessed valu e o f all pro p erti es i n En glewcod fo r 20 11 is
~493 ,4 56,6 70 com pared 10 $5 I 5,b67 ,J 1U fo r LU I U lhe 10 1 I mill ior C.e nPral Fund o p e raIi ons i s
5.880 mill s and 1.7 4 1 mill s fo r the Gene ra l O bligatio n Bonds De bt Se rvice Funrl . Th e tota l m,11
levy is 7.621 for 20 1 I co'lec 1ed 111 20 12. The to tal am ount budgeted for !he Cer.Nal Fun d is
S2,880,000 (net of u11 co llec I ib lcs, abat r.m enls, etc.). Th e am o unI budg,,ted for th e Gene ral
Obli gati o n Bonds D eb t Serv i ce Fund is $850,000 {ne t of un :o ll ec tib les , aba Ie111 en1 s. e tc.).
A h o n 1eow11 c,1 w 11 li .i $"00 0 00 d o ll ,11 1ome 111 [nglcwood would pav 1h e lo ll o w 111 g 10 Ilic C i l \' o l
[11g lewood :
1'•\~r ke l v.,lu e
A~SeSS l l1 t:ll l Rct t!O
AssPssrrl \lal 11 P
enern l Opc r.:,tio n s M ill Levy
I ax es l'aicl Fo r Ge n e ral Funo O per at io ns
M,11 ke 1 V.ilue
Ac:;s0.sc:;111 Pn l R,1 1in
/\sscssPd Va lue
C.0 111111u 111 1y C.:e n l e r Bon d l·u11 d M ill l.ev1-
Tax,:,s Pa i d For G e n era l O hlig at io11 Bo nd s
M;ukpr \/,tlt1 P
t\4\se~s 111 c 11 t Rat io
Assess e d V alu e
To 1~,I M ill Levy
Tu la ! Taxe s P,,id To C i!)' O f Englc wu ud
u s r u ~ Al I A C H MtN I ~
Pr o p o se d b ill f or ,11 1 ordi n;r11 ce
$2()0,0 00
7.%%
i ,s .020
5.880
$~J .b 1
5~00,000
7.%%
$15,920
IJ/41
$2 7.72
$~00,000
"'h:i 11:1,
~ I ),'llU
8 .0 10
$n 1 .33