HomeMy WebLinkAbout2002 Ordinance No. 052•
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ORD I AN CE No .?J-...
ERIES OF 2002
BY AUTHORITY
COUNC IL BILL NO . 50
INT ROD UCE D BY COUNC IL
MEMBER GARRETT
A ORD INA CE FIXI G THE TAX LEVY IN MILL S UPON EACH DOLLAR OF
THE ASSESSED VALUAT ION OF ALL TAXABLE PROPERTY WITH IN THE
CITY OF ENGLEWOOD , COLORADO .
WHEREAS . ii is 1he du ly of 1hc Ci ty Co uncil of 1he City of Eng lewood , Colorado ,
und er 1he Englewood Home Ru le Charter and Co lorad o Revi sed S1n 1u1es, 10 make the
annual lev y for Ci ty purpos es; and
WHEREAS . 1h e Ci1y Co uncil ha s dul y co nside red th e es tim ated va lua tion of all 1hc
taxable property wit hin 1hc Ci ty and 1he needs of 1he Cit y and of ea ch of sa id levie s
and has de termined t!n1i the levies as hereinafter se t forth, arc proper and wi se ; and
WHEREAS , 1he fo ll owing levie s are permitted und er Article X, Section 20 of 1he
Colorado Co nstitutio n wi thou t a vo te by the citize ns;
N'.)W , THEREFORE , BE IT ORDAINED BY THE CITY COUNC IL OF THE
CITY OF ENG LEWOOD , CO LORADO , AS FOLLOWS :
..s.ru.iJillj . Timi th ere be and hereb y is levied for the yea r of 2002, due and r-•1yable
as req uired by Statute in the year 200 3, n tax o f 5.880 mills on the do ll ar fo r 1hc
Gene ral Fund of 1hc Ci1 y of Englewood , Co lorado, and 1.8 90 mi ll s on 1h e Jo ll ar fo , 1he
General Obli gati on Bond Deal Serv ice Fund of 1he City of Englewood , Colo rad o.
That 1hc le vy hcrci nabo vc se t forth shall be levied upo n eac h do ll ar of the as ses;cd
valua tion of nil taxable propert y wit hin the co rp orate limi ts of the Ci ty of Englcwf\J J,
Col orado . and 1he sai d lev y shall be ce rtified by law .
ln1rod uccd, read in fu ll , and passed on ti rsl readi ng on th e 2 I" da y of Oc tober, 200 .l .
Publi shed as a Bi ll for an Ord inance on 1he 25•h day of Octobe r, 2002 .
Read by title and pas se d on fi nal rendi ng on the 4•h da y of November, 2002 .
Publi shed bv 1itk as Ordinan ce o. 5,2-;-series of 2002 , on 1he 15th da y of
Nove mber . 200·2.
~d.!l ~-~
· Lo~A. Ellis,CityClerk
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I, Lou cri shia A. Ellis, Ci ty Clerk r,f th e Ci ty o f Englewood, Colorado, hereby
ce rtify that the above and foregoing is n true co f th e Ordin ance pa ss ed on final
reading and published by title as Ordinance
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COUNCIL COMM UNIC ATION
Date Agenda Item Subject
Oclober 21, 2002 11 a iv Bill For An Ordin ance Establi shin g
Th e 2002 Mil l Levy Co ll ec ted in
2003 For Th e Citv O f En ~lewood
In itia ted By I Staff Source
Deoa r1m e n1 O f Fin ance and Admin is lrati ve Serv ices Frank Grv Rlewicz, Direclor
COUNCIL GOAL AND PRE VIOU S COUNC IL ACTION
Ci ty Co unci l an d slaff held a 2002 Budge ! and Goa ls se llin g meelin g on Jun e 1, 2002. A pr elimina ry
rev iew of 1h e bud ge ! was done on Se pl emb er 9, 2002 . A publi c hearin g rega rdin g lh e Pro pose d 2003
Bud ge ! was held on Se pl emb er 16 , 2002 and co nli nued 10 O clober 7, 2002. Th e operatin g bud ge ls and
Muhipl e Year Ca pi tal Pl an for all Cily departm ents and funds was rev iewed al a bud ge ! relr eat held r n
Seplemb er 28, 2002, and fo ll ow-up of changes and 01h er proposa ls was done al a slud y sessi on on
O clober 7, 2002.
RECOMMENOED ACTION
Slaff reco mm ends Co un cil a pp rove !his bill fo r an ordin ance estab li shin g 1he 2002 mill levy to be co ll ected
in 2003 .
BACKGROUND , ANALYS IS, AND ALTE RN ATIV f5 IDENTIFIED
Th e Cily of [nglewood assesses pr ope rly lax fo r lh e ge neral ope rali ons of lh e gove rnm ent and fo r lh e
Gene ral O bl iga li on De bi Serv ice Fun d. TABO R res lric ts lh e Cily fro m raisin g lh c "1 ill levy wilh o ul a vo te of
th e cili ze ns . Thi s yea r's General Fund mill levy is un changed fr om 2001 (5.88 0 mi:!s). Tb.e 200 2 levy is
ce rl ifi ed lo Ara pah oe Co u111y by Decemb er ' ;, 2002 fo r co ll ecli on in 2003 .
FINANCIAt IMPACT
Base d on lh e ass essed va lualion for 1h e City of Engl ,!\voo d as certi fied by lh e Arapah oe Co unty Assess or,
1h e currenl nel assesse d valu e of all pr operti es in En glewoo d fo r 20 0 2 is $4 18,778,902 comp ared to
$41 8,920,550 fo r 2001. Th e 2002 mill fo r Ge nera l Fund operati ons is 5.880 mill s and 1.890 mill s for 1h e
Ge nera l O bliga li on Deb i Se rvi ce Fun d. Th e 101a l mill levy is 7.770 fo r 20 02 co ll ec led in 2003. Th e total
amo unl bu dge 1ed fo r lh e General Fu nd is $2,460,000 (nel of unco ll ec ubles, abatements , elc.). Th e am ount
b udge 1ed fo r 1h e Ge neral O bli gali on Debi Serv ice Fund is $780,000 (nel of un co ll ec li bles, abatemen:s,
elc.) .
A homeo wner wi th a $200,0CI0 dollar home In Englewood would pa y th e following to th e City of
F.ngl ewood:
Market Va lu e
,.-..!~essm i:?nt Rati o
Assessed Va lu e
Gen eral Operations Mill Le vy
Taxes Paid For General Fund Operation ;
Markr,t Valu e
Assessmen t Ratio
Assessed Value
Genera l Obli ga tion Bond Fund Mill Levy
Taxes Paid For The Gene ral Obligation Debt
Service Fund
Total Taxe s Paid To City Of Englewood
LIST OF ATTACHMENTS
Propos ed bill fo r an ordin ance
$200,000
9.15%
$16,300
5.880
$107.60
$200,000
9.15%
$18,300
1.890
$34.59
$142.19
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