HomeMy WebLinkAbout2001 Ordinance No. 077•
•
•
ORDINANCE NO . !l!l
SERIES OF 2001
BY AUTHORITY
COUNCIL BILL NO . 80
INTRODUCED BY COUNClL
l\<lEMBER WOLOSYN
AN ORDINANCE AMEND INO THE TAX LEVY IN MILLS UPON EACH DOLLAR
OF THE ASSESSED VALUATION OF ALL TAXABLE PROPEP'n' WITHIN THE
CITY OF ENGLEWOOD , COLORADO.
WHEREAS . it ia the duty of the Ci ty Council of the City of Englewood, Colorado.
under the Englewood Home Rule Charter and Colorado Revised Statute&. to make the
annual levy for City purpoaes; nnd
WHEREAS, the City Council hes duly considered the estimated valuat10.n of all the
taxable property within the Ci;y and the needs of t he City and of each of said levies
a nd hos de!Ermined that the levies as hereinafter set fo rth, are proper and wiae; and
WHEREAS, the foll owing levies are permitted unde r· Article X. /;
Colorado Constitution without a. vote by the citizellll; a.ad
~o oftbe
WHEREAS, the Engle wood City Council established the 2001 Mill Levy by the
passage of Ordinance No. 62, 2001 which was paased prior to the Novembe r 2001
Election and did not include the additional mill levy re quired for debt service on the
Parka and Recreation bond.a which wao approved on the ballot at the Nove mber 2001
Election;
NOW, THEREFORE , BE 1T ORDAINED BY THE CITY COUNClL OF THE CITY OF
ENGLEWOOD, COLORADO. AS FOLLOWS:
~-That there be and hereby is levied for the year of 2001 , due and payable
ae required by etatute in the year 2002 , a ta.'< of 5 .380 mills on the dollar for the
General Fund o f the City of Englewood, Colorado. llld 1.668 mills on the dollar for the
Community Center Bond D e bt Service Fund aad t be Parks and Recreation Bond Debt
Servfoe Fune\ r the City of Englewood. Color a d o .
That the levy herein above set forth shall be !,,vied upon e ach dollar of the aaaeeeed
va lua tion of aU taxable property within the corpo ote limita of the City o f Englewood,
Colorado. e nd the said levy s hall be certified by law .
In t roduced . r•a d in full, a nd p assed on fuse re~ding o n t he 3rd day of De cember,
2001.
-1-
Publ.iahed as a Bill for an Ordinance on the 7th day of OecembP.r, 2001 .
Read by title and passed on final reading on the 17th day of December, 2001.
Published by title as Ordinance No. 'ZJ, Series ol 2001, on the 2 lat day of
December, 2001.
I, Loucriahia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby certify
that th.e above and foregmng is a true co~ the Ordinance pa on final reading
and published by title as Ordinance No. "L/, S . o 2001 .
•
•
•
•
•
•
COUNCIL COM/v 'NICATION
Date Agenda Item Subject
December 3, 2001 1 1 a i Bill For An Ordinance Amendir,g
Ordina nce 62, Series of 2001
(Establishing Th e '.!00 I ,II Levy
Coll ected in '.!002 )
Initiated By I Staff Source
D eoartm en l oi Finance and Adm ln is tr.itive Services Frank Grv~lewicz, Dir ector
COUNCIL GOAL ANO PREVIOUS COUNCIL ACTION
Ci t Council passed O rdi nance 61. Se ri es 1001 o n final reading ovember 5, 200 1. This o rd in an ce was
passed pri o r 10 the o vember 6, _001 e lection. The O rdin a nc e did no: in cl ude the a n additional m ill levy
re qc,ir e d fo r debt service on the new Parks and Recreation b o nds app roved b y the vo ters th is year.
City Coun c il passed the bond ordinance for the bonds o n fi rst read ing ovember 19, 2001. This bill ior an
ordinan ce w a s passed as an emergency to tak e advantage of favo ra ble taxatio n on issues under S 10
mill ion, and wi ll be in effect upon publication. TI,e bo nds issued in '.!001 w ill rPq ~;,e additional debt
service payments thal a re collected from a mill le vy th a t must be estah!ished in 2001 and c ertified to
Ara pahoe C o unty by December 15, 2001.
RECOMMENDED ACTION
Staff recommends Council appro e this bi ll for an ordinance a m ending th e 2001 debt service mill levy to
be coll e Lte:d in :ZOO:?.
BACKGROUND, ANALYSIS, AN D ALTERN /\TIVES IDENTIFIED
TI,e City of Eng le wood assesses property tax fo r the g,~ne ral o pera tions of the government )nd fo r the
C o m m uni ty Center Debt Serv ice Fun d. TABOR restri cts the City from rai sing th e mill le vv wi th o ut a o te of
the c itize ns. The original mill levy was 1.01 mills ; the new n,i!! le vy will be 1.558 mills .
FINANCIAL IMi' ~CT
B sed o n the ·, .n ror the Ci o f Englewood .is certified by the "s :apahoe County As sessor.
the ne t assessed v,,luc ~· ,3ro perties in Englewood ror 2001 1s S-+ 19,653,150. TI1e amended 100 1 mill
required io r the c~mbmea u mmunltv Cemer and Parks and Recreatio n Debt Sen.ice Fund is 1.558 mills .
Thi d ebts "ice m1 l1 lew ,s esu mJ ted to resul t in ., s;.➔6 increase 1n taxe s for an Engle, ood hom e val ued
;:it S~00,000.
UST CF ATTACHME NTS
Proposed bill for a11 o rdinan c e