HomeMy WebLinkAbout2010 Ordinance No. 043•
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OR DI NANl'I: NO. d
~FRIFS OF 2010
BY AUT I IORITY
l'OL'NC IL 1111 I NO . 39
INTR ODU ED BY COUNCI,.
\ll·.~IIJl:I< uLSO:S:
AN ORDl:-.1i\\l'E FIX I \G l'IIE L\X I l '\'Y IN ~Ill.LS L'l'<JN l'.\C !I DOU .AR OF 1111 :
,\SSE SEO \'A LC AT ION OF ALL T AXABLI: l'IW l'ElffY 11'1 !'I II N !'I IE Cl i'Y OF
ENGLE \\'OOD. COLO ll'<l10
\\'I IEREAS. i1 is tht: duty ol th1..· Cit) Coun cil of thi: City 0f En gkwood. ColMad\,. unde r the
l·ng lt.'\\m,d Jl pmc Ruic C'h :mcr and Colorado Rcvi;.cd Stn tut c,. to 111nkc the :mnual propi.:11y li:,y
fr1r Cny purposes: and
\\'I 11.:Rl.:AS. the l'll; l'oum.:11 h.i:i duly l'.Ons 1dcrcd the c:i um,uc.:d , :,h,.111011 of all thr.: taxablt:
prc•pc 11y ,, ith in thi.: C11y and tht: need s lit' the.: Cuy and o f l'nch of s:1 1d !c\'ics and ha s dc11:rmi11cd
that the k·,·ii:s :is hcrc11rnfti.:r ... ct fonh. ;ire propl!r and,, 1~1.:: and
\\'I I FR EAS. the fo ll owm g kn1..•s :ire pt:n1u11cd under .-\rt11.:k ~-Sc.:i:111111 20 .. ir the.'. ('o\.,1rado
Cnn:i t itu tion ,, 1thout a , otc by tht· i..:ititi.:n s :
\OIi'. T I ii RffO RI :. BE 11 Ol{l)/\INFD ll\' 1'1 11' l 'I l'Y c'OCNL'II ()I I'll!· Cl I , OF
E:SG I E\l 'OUD. COi 0 1(.\IJO . .-\~ FOi i (Jll 'S:
Scctil,n I. rh.11 thi.:1 chi: an d hL-rcby I'> lcncd ti1r 1hc ~ca r ,,r :!O I tl . dul'. .ind p,1\·ahh..· a .. required
hy -.1 :1 tuh: in the year :!011. a 1,1x l,f 5-~~m m1lb ,,n the lk,llar fi,r thL' lic111.:ral Fund 111' the c.·11~ l ll
Fn gkwoNI. L\1l ,1r:ulo. and:! !JO milb 1m !hl· dollar li1r thi: l;L•ncr:tl OhligatH111 B,111\I Dehl Sen i,:I.'
l 'und or 1h1.· ( ·11~ 11f l ·nglL'\\ lll,d, l \,101 1do.
Iha\ the le, y hcn:111 ah11, c ~i..:t frmh :,.h:ill hL· k, 1c.:d up(111 l',H:h dl1 lbr 11!' tht.: a~:,.1.·s:-cd ·:alua1u1n ,,r
.Ill 1;\\ahlc pn1pLTI~ ,,11h111 the c11rp11r:1tc 111111h n fthi.: C11 ~ ,,1 I ngk\\,11,d. (\,\Mado . :1 ml th e s:11d
le.:,~ ,hall hi.' l'c1111icd h~ l:rn
Puh\i,hctl In J Ilk ,1, ,L IL\11~11 ,ill (hdm:llh'l' 111 lhl· ( ·,1~ ·, 1,1r11.:1;tl 111..'\\,p,lpl'I •111 l hL' \ d,1~ tll
t >.,.:t11hL'I. 211 lll
I I b v
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Pub li shed as a Bill for an Ordinance cm the Ci;.y"s official website beginning 011 the 6t h da y of •
Oct r',cr. 2010 fo r thirt y (30) da ys .
Read by titl e and passed on fin al reading on the I 8th day or October. 201 0.
Pub li shed by title in th e i1y·. official new spaper as Ordinance No. (BJ cries of 20 10. 011
the 221111 dny olOctobcr. 2011).
Published by title on the City 's offi ci al website beginning on the 20th da y of
October. ~01 0 for thirt y (30) da vs.
v. ),•
Jnmcs K. Woodward. Mayo r
.,,..,,;
I. Louc ri shi ;i A. Ell is. Cit y Cler k of the City of Englewood. Colo rad o. hereby cc nify 1lrnt the
nbon; and forcg0ing is~ ~c co py of th !.! Ordimrncc pa ss ed on lin al readin g and publi sht:d by
,.,, .. oro,,.,,."'"·="'"''"''"· /1 . . /.1!.J •
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Dat e:
O ctober .;, 20 10
CO UNCI L COMMUNI CA T!O~I
I Age nda Hem :
1
1 1 a, 11
Subject :
Bil l 1or an ,)rdi nan ce establi shin g the
20 10 M il l Le" Co ll ec ted in ~0 11
Initiated Ry: I Staff So urce:
Finan ce rmd Admin1 stra ti, e Ser\ ices D ep,1 rt rn ent Fr an~ Gr. gle\\ 1cz. Di:--ec tor
COUNCIL GOAL AN D PREV IOUS COL1NCJ L ACTION
C,tv Co uncil an d stati began the 2011 b ud ge t proces s at the Ap ril 19, 20 I O stud , sess ion. Co uncil
and staff m t ag am at the August ~. August 16, and August 30. ~O IO stud, sessions. Stafi prm ided
Council w i•h an updat on final changes to the b udg et on Se p tem ber 6, 20 I O prior to p rinti n g the
prnposed bu dge t. Cit'\ Coun c il rece11 ed the 20 11 Proposed Blldget on ep tem ber 13, 2010,. A
p ub;;-h ea r111 ~ regardin g the propose d 20 11 Bud get "as h Id on Se ptember 20 , 2010. The
o peratin g bu dge ts and Mu ltipl e Year Capi tal Pla n tor all Cit, depa rtm e nt ~ and 1u nds "as re, ie,,e d
at the Budget Re treat held Se pt ember 25, 20 l(J.
RE COMMENDW ACT ION
Stan r~c ormn end s Co uncil app rm e Ih1~ b1ll 10 1 11n ord111,lllLt' es 1,1hh~lun ~ till' ~ll !O mi ll le,, 11..1 bt•
cailecte d in ~O 11.
BA CKG ROUND , ANALY SIS, AND ALT ERNATIVES IDEN TIFI ED
The Ci t} ot Eng le\\ oo d ass es ses pr opert, ta\ 1or th~ µeneral opera tio ns 0 1 th e gO\ ernm ent and 10r
the enera l Ob li ga tion Bo nds Deb t Sen ice Fund. TAB R restri ct!, the Cit\ 1ro rn rai sing th e mill le \'\
w 1t ho u1 a , ote 0 1 tlw cil11e ns . The Cit\ s mill le,, h,l 't been unchan ~e l sin ce I aq::!, Th b ve ar !'I
(,('nera l Fun d mill le\\ remain ~ unchJn!.H"'d at i.HUtl null s. The ::!0 10 le,, is to be c.e r1111 ed tn
Ar,1p,1hnf,' (' fl Ul ll\ h, D PCPlll her I _:; ~()In tor co 11E-L 11011 m ~u 1 I .
FI NANCI AL IMP ACT
Bi-1 <.iL•d o n th e ,1ss"ss ed \11lu lll1 t11 wr th~ 11\ 01 l ngl t•,,ood t1't Le rt111 cd h, 1111 .. Ar,1p ,1hoc-<1U I11,
Ass sso1 the estim Jte d nr l as!'>l!S sed, ctl ue 01 all prope rtie:-111 Engle,, ood 10 1 ~O()<J •:, SS l 0 ,sq \ .qou
LC11 nµ,1red lo SS 16,05 1, I t,O Ior ::!0 10. The ::!01 (1 ••ii ll 1o r Generct 1 Fund o per,1 ·10 11 :, I!-5.88{) 11 1db and
2.11 0 mill s tor the Ge neral O b hga 11 on Bonds Dehl Se" ,ce Fund . Th e t ta l n·.ill le ,, 11 8.0 I () tor
20 10 co ll ected 111 20 1 1. The to tal am o un t b udgeted tor the General Fund is :d,0 1 -,000 I net ot
Lmco ll ec tib le~. ab,11 ements, etc I. ThP ,m1ount bucl getPd 1or the Ge neral O hl.~r111 on Bond s Dr bt
St!n Ke Fun d 1~ S 1,0 Q0,00() lrll't n, u,1t nll Pc lihl es, .1ha 1ement ~ elc.J .
I
A ho11 1Pm,nerwi th a S~00,000 home ir1 Engle\,ood \\Ot1lcf pa, th e 10 110\\mg to the Ci 1, ot
Engle11ood:
t,\arket \'ah 1e
Asse,sme nt Ra 1io
Asses~ed \ alt1e
Ge nera: Opera ti ons i\\ill Le"
Taxe s Pai d For Ge nera l Fund O pera tions
~ \ark et \ al ue
Ass essment Ra tio
Ass es sed V ,1 lue
Co mmrn11t) Cen ter Bo nd Fun d r,. lill Le\,
Tax es Paid For Ge nera l Ob li g,ti on Bor.d s
M at ket \ alu e
Assessmen t Rati o
Asses ed Va lt1 e
To tal ~ til l Le\'\
To tal Taxe s Paid To Cit \ Of Englewood
1 '•T OF ATTAC HMENTS
Pro 1Josed Bill IOr an rdmrtn l \"'
~200 ,000
-.96~o
S 15,91 0
5.880
S93.6 1
S200.000
-.96 1}n
St5,9W
2.13L
$33.91
$200.000
7. 11·o
$15.920
8.0ltl
$12;.;2
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