HomeMy WebLinkAbout2009 Ordinance No. 044• ORDI NANCE NO . jj_
SERIES OF 2009
BY AUT HORITY
COUNC IL BILL NO . 45
INT RODU CE D BY COUNC IL
MEMBER JEFF ERS O
AN ORDINANCE FIXING THE TAX LEVY IN MILLS UPON EAC H DOLLAR OF THE
ASSESSED VALUAT ION OF ALL TAXABLE PROPERTY \VlTHIN THE CITY OF
ENGLEWOOD , COLORADO.
WHEREAS , it is the dut y of the City Council of the City of Englewood, Co lorado, under th e
Englewood Home Ruic Charter and Colorad o Revi sed Statutes , to make the annual pro pert y levy
fo r City purposes; and
WHEREAS, the City Council has dul y con.,,dcred the es ti mated valu ation of all the taxable
property within the Cit y and the needs of th e Ci ty and of eac h of sai d levies and has detennined
that the levies as hereinafter set forth , are proper and wise; and
WHEREAS, the fo ll ow ing levi es are pcnniued und er Article X, Section 20 of th e Colorado
Constituti on wi thout a vote by the citi zens;
NOW , THEREFORE, BE IT ORDAINED BY 1 fiE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO, AS FOLLOWS :
• Sect ion I. That there be and hereby is levied for the year of 2009, due and payable as required
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by statute in the year 2010 , a tax of 5.88 0 mills on the dollar fo r the General Fund of tl1e City of
Engle wood, Co lorado, and 2.03 1 mills on the doll ar fo r th e Genera l Obligation Bond Debt Service
Fund of the City of Englewood , Colorado .
That the levy hereinabove set forth shall be levied upon each dollar of th e assessed val uation ol
all taxable property within the corporate limit s of the City of Eng lewood, Colorado, and th e sa id
le vy shall be cert ified by law .
Introduced, read in full , and pass ed on fi rst reading on th e 5th day of October, 2009 .
Publi shed as a Bill for an Ordinance in the Ci ty's official newspa per on the 9~ day of Octobe r,
200 9.
Publi shed as a Bill for an Ord inance on the City 's officia l website beginnin g on th e 7th dny of
October, 2009 for thirty (30) da ys .
Read by title and passed on final reading on the 19th day of October, 2009.
Publi shed by title in th e Cit y's offi cia l newspaper as Ordinance No .#.. Series of 2009 , on
the 23rd day of Octobe r, 2009 .
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Published by title on the Cit y's official website beginning on th e 2l si day of
October , 200 9 for th irty (30) days.
James K. Woodward, Ma yo r
I, Loucrishia A. Ellis, City Cleric of th e .ity of Englewood, Colorado, hereby certify that the
above and foregoing is ,8/Jrjie copy of the Ordinan ce passed on final reading and publi shed by
title as Ordinance No. ~Series of 2009 .
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COUNCIL COMMUNICATION
Date : Agenda Item : Subj ec t:
October 5, 2009 11 a i Bill For An O rdin ance Es tablis hin g The 2009 M ill
Levy Co ll ec ted in 2010
lniliated By: I Staff Source :
Depa rtm ent of Fin ance and Ad mini strati ve Se rv ices Fra nk G ryglewicz, Di rec tor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Coun ci l and staff bega n th e 20 10 bu dget process at th e April 27, 2009 study sess ion. Co un ci l
and staff me l aga in at th e M ay 26, Jun e 8, and Augus-: 17, 2009 stud y sess io ns. City Counci l
rece ive d a 20 10 Pro posed Bud ge t on September 10, 2009. A publi c h ea rin g rega rdin g th e
propose d 20 10 Bud ge t was h eld on Sep tember 2 1. 2009. Th e operatin g b udge ts and M ultip le
Year Ca pital Pl an for all City rl epartm enls and funrls was rev iewe d al I;,e Bu dget Retrea t held
Se pt ember 26, 2009. Counc il fin ai,zc~ b udget di sc uss ions al th e study sess ion held o n Se ptember
28, 2009.
RECOMMENDED ACTION
Sl aff recommends Coun c il approve th is b ill for an ordin ance es tab li shin g th e 2009 mill levy l o be
co ll ec ted in 20 10.
BACKGROUND , ANALYSIS, AND ALTERNATIVES IDENTIFIED
The City of En glewood ass es ses prop erty l ax fo r th e ge neral operati ons of th e gove rnm en t and for
lh e G eneral Obli ga ti on Bo nds D ebt Serv ice Fun d. TABO R res lri cls th e City fr o m raisin g th e mill levy
w ilh oul a vo l e of th e ci l izeris. Th is year's Ge nera l Fund mill levy is unchanged from 2008 (5.880
mill s). Th e 2009 levy is c e, ,fi rl l o Arapahoe Coun ty by D ece mber 15, 2009 fo r coll ec ti on in 20 10.
FINANCIAL IMPAC
Base d on th e assesse d va lu atl n for th e City of En glewoo d as cert ifi ed by th e Arapa hoe Coun ty
Assesso r, lh e estim ated net assessed va lu e of all p roperti es in Englewood fo r 2009 is $519,59 1,900
co mpared l o $5 10,609,6 10 fo r 2008. Th e 20 09 mill for G eneral Fund opera lio ns is 5.880 mills and
2.03 1 mills fo r th e General ubli ga li o, Bo nd s D ebi Serv ice Fund. Th e total mill levy is 7.9 11 for
2009 coll ec ted in 20 10. Th e to tal am ount bud ge ted fo r th e General Fund is $3 ,046,000 (n el of
un coll ec l ib les, aba tement s, elc .). Th e am ount bu dge ted for th e Ge neral O bli ga ti on Bon ds D ebt
Serv ice Fund is $1,050,000 (n el of un coll ec libl es, abatem ents, elc.) .
A hom eowner w i1 h a $2 00,000 dollar home in En glewood would pay lh e fo ll owin g 10 1h e ii \• of •
En glewood :
Markel Va lue
Ass ess ment Ra tio
Ass ess ed Va lue
Genera l Operal ions Mill Levy
Taxes Paid For General Fund Operation s
Market Va lue
Ass ess ment Ra tio
Assess ed Va lue
Com munity Cenler Bo nd Fu nd M ill Le vy
Taxes Pa i d For General Obligation Bonds
Mark et Va lu e
Assess m ent Ra ti o
Assessed Va lue
To tal M ill Levy
Total Taxes Paid To City Of Englewood
LIST OF ATTACHMENTS
Pro posed Bill for an O rdina nce
$200,000
7.96%
$1 5,920
5.680
$9 3.61
i 200,ooo
7.96%
$15,920
2.03 1
$3 2.33
$200,000
7.96%
$15,92 0
7.9 1 1
$12 5.94
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