HomeMy WebLinkAbout2000 Ordinance No. 072•
ORDINANCE NO.~
SERIES OF 2000
BY AUTHORITY
COUNCIL BILL NO . 76
INTRODUCED BY COUNCIL
MEMBER BRADSHAW
AN ORDINANCE FIXING THE TAX LEVY IN MILLS UPON EACH DOLLAR OF
THE ASSESSED VALUATION OF ALL TAXABLE PROPERTY WITHIN THE CITY
OF ENGLEWOOD , ,COLORADO, AND ESTABLISHING A MILL LEVY FOR THE
ENGLEWOOD DOWNTOWN DEVELOPMEN'l' AUTHORITY . r I
WHEREAS. it Jdte duty o£the City Council of the City of Englewood, Colorado,
under the Englewood Home Rule Charter and Colorado Revised Statute&, to make the
annual levy for City purposes; and
WHEREAS, the City Council has duly considered the estimated valuati~: of all tho
taxable property within the City and the needs of the City and of each of aaid leviea
and has determined that the levies as hereinafter set forth, are proper and wiae; and
WHEREAS , the following levies are permitted under Article X, Section 20 of the
Colorado Constitution without a vote by the citizens;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF TH:-' , ':Y OF
ENGLEWOOD , COLORADO, AS FOLLOWS :
S!:i;tism.1. That there be and hereby is levied for the year of 2000, due and payable
as required by statute in the year 2001, a tax of 5.880 milla on the dollar for the
General Fund of the City of Englewood, Colorado, and 1.150 milla on the dollar for the
Community Center Bond Fund Debt Service Fund of the City of Englewood , Colorado.
That the levy he rein above set forth shall be levied upon each dollar of the ... eaaed
valuation of all taxable property within the corporate limits of the City of Englewood,
Co lorado, and the said levy shall be certified by Jew.
~-That under the authority of the Colorado Revised Statutes and the
Englewood Home Rule Charter, there is hereby levied for the year 2000, due and
pa)'able as required by law in 2001, a tax of 4.397 mills on the dollar for the use and
benefit of the En~l£"1 ood Downtown Developme nt Authority.
The levy herein above set forth shall be levied upon each dollar of aaaeaaed
valuation of all tax•hle property within the Englewood , Colo ra do, Downtown
Development Distri• . and the said levy shall be certified as required by law.
Introduced, read in full. and paaaed on first reading on the 16th day of October,
2000 .
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Published u a Bill for an Ordinance on the 20th day or October, 2000.
Read by title and paued on final reading on the 6th day or November. 2000.
Published by title aa Ordinance No . '7.,2.serie• of 2000, on the 10th day of
November, 2000.
~ ~du ~ City Clerk
I, Loucriahia A. Ellis, City Clerk of the City or En~lewood , Colorado, hereby certify
that the above and foregoing ia a true Cf1P11.9Jthe 0.-Jinance p• on final reading
and published by title as Ordirumce No.' ./.c-Series or 2000.
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COUNCIL COMMUNICATION
Date Agenda Item SUbfect '
BIii For An ,Ordnlnce
October 16, 2000 11 a iii Establishing The 2000 M!II LIIV'y
Collected In 2001 ·--Initiated By I Steff Source
Deoartment Of Financial Services Frank Grvalt:•/i•-1 ,j>irector ~~·--·, "·•-
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COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City C ·' 1nd staff held a 2000 Budget and Goals setting meeting on May 6, 2000. A publ ic hea,11 ,g
regarL ,, Proposed 2000 Budget was held on September 18, 2000. The operating budgets and
Five Ye ar L.a pitai Plan for all City departments and funds was reviewed at a budget retreat held on
&eptember 30, 2000, and follow-up review was done at a study session on October 9, 2000.
RECOMMENDED ACTION
Staff recommends Council approve this bill for an ordinance establishing the 2000 mill levy to be
collected in 2001 .
BACKGROUND, ANALYSIS , AND ALTF.i'INATIVES IDENTIFIED
The City of Englewood assesses property tax for the general operations of the government and for the
Community Canter Debt Service Fund . TABOR restricts the City from raising the mill levy without a
vote of the citizens . This year's General Fund mill levy is unchanged from 1999 (5.880 mills). The
2000 levy is certified to Arapahoe County for collection in 2001.
The Englewood Downtown Development Authority's mill levy is set at 4.397 mills as recommended and
approved by the Authority. The net assessed value subject to the Englewood Downtown Development
Authority mill levy for 2000 collected in 2001 Is $35,807,TT0 compared to an assessed value of
$35,557,270 for 1999 collected in 2000.
FINANCIAL IMPACT
Based on the assessed valuation for the City of Englewood as certified by the Arapahoe County
Assessor, the net assessed value of all properties in Englewood for 2000 is $372,130,950 compared to
$365.467,61 o for 1999. The 2000 mill for General Fund operations is 5.880 mills and 1, 15 mills for the
Community Center Debt Service Fund . The total mill levy is 7.030 for 2000 collected in 2001. The
total amount budgeted for the General Fund is $2,158,000 (net of uncollectibles, abatements, etc.) .
The amount budgeted for the Community Center Debt Service Fund is $425,000 {net 1Jf uncollectibieF .
abatements, etc .).
A homeowner with a $150,000 dollar hol!lt llJ Ervewood ~!I pay the follo wing to the City of
Englewood :
Market Valu e
Assessment Ratio
Assessed Value
General Operations MIii Lavy
Tun Paid For General Fund Operation,
Market Value
Asse ss ment Ratio
Assessed Value
Community Center Bond Fund Mill Levy
Tun Paid For Community Center Bond Fund
Total Tun Paid To City Of Englewood
UST OF ATTACHMENTS
Proposed bill for an ordinance
$150,000
9.74%
$14,610
5.880
$85.91
$150,000
9.74%
$14,610
1.160
$18.80
$102.71
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