HomeMy WebLinkAbout1999 Ordinance No. 059-
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ORDINANCE NO. 6!j_
SERIES OF 1999
BY AUTHORITY
COUNCIL BILL NO. 58
INTRODUCED BY COUNCIL
MEMBER WAGGONER
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 DEVELOPMENT AUTHORITY .
WHEREAS, it is the duty of the City Council of the City of Englewood, Colorado,
under the Englewood Home Rule Charter and Colorado Revised Statutes, to make the
annual levy for City purposes; and
WHEREAS , the City Council has duly considered the estimated valuation of all the
taxable property within the City and the needs of the City and of each of said levies
and has determined that the levies as hereinafter set forth, are proper and wise; and
WHEREAS , the following levies a re 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 THE CITY OF
ENGLEWOOD , COLORADO , AS FOLLOWS :
Section 1. That there be and hereby is levied for the year of 1999, due and payable
as required by statute in the year 2000, a tax of 5.880 mills on the dollar for the
General Fund of the City of Englewood , Colorado, and 1.17 5 mills on the dollar for the
Community Center Bond Fund Debt Service Fund of the City of Englewood , Colorado .
That the levy herein above set forth shall be levied upon each dollar of the assessed
valuation of all taxable property within the corporate limits of the City of Englewood,
Colorado , and the said levy shall be certified by law.
Section 2. That under the authority of the Colorado Revised Statutes and the
Englewood Home Rule Charter, there is hereby levied for the year 1999 , due and
payable as required by law in 2000 , a tax of 4.397 mills on the dollar for the use and
benefit of the Englewood Downtown Development Authority.
The levy herein above set forth shall be levied upon each dollar of assessed
valuation of all taxable property within the Englewood, Colorado , Downtown
Development District, and the said levy shall be certified as required by law.
Introduced, read in full , and passed on first reading on the 18th day of October,
1999 .
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Published as a Bill for an Ordinance on the 22nd day of October, 1999.
Read by title and passed on final reading on the 15th day of November, 1999.
Published by title as Ordinance No .51. Series of 1999, on the 19th day of
November, 1999.
I, Loucrishia A. Ellis, City Clerk of the City of Englewood , Colorado, hereby certify
that the above and foregoing is a true copy of the Ordinance passed on final reading
and published by title as Ordinance No . 5!j., Series of 1999.
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COUNCIL COMMUNICATION
Date Agenda Item Subject
October 18, 1999 Bill For An Ordinance
11 a iv Establishing The 1999 Mill Levy
Collected in 2000
Initiated By Staff Source
Department Of Financial Services Frank Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council and staff held a 2000 Budget and Goals setting meeting on April 17 , 1999. The operating
budgets and Five Year Capita l Plan for all City departments and funds was reviewed at a budget
retreat held on October 1, 1999. A public hearing regarding the Proposed 2000 Budget was held on
September 20 , 1999 .
RECOMMENDED ACTION
Staff recommends Council approve this bill for an ordinance establishing the 1999 mill levy to be
collected in 2000 .
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
The City of Englewood assesses property tax for the general operations of the government and for the
Community Center 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 1998 (5 .880 mills). The
1999 levy is certified to Arapahoe County for collection in 2000.
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 1999 collected in 2000 is $35,553 , 140 compared to an assessed value of
$26 ,506, 170 for 1998 collected in 1999.
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 1999 is $364,998,610 compared to
$302,263,550 for 1998. The 1999 mill for General Fund operations is 5.880 mills and 1.175 mills for
the Community Center Debt Service Fund . The total mill levy is 7.055 for 1999 collected in 2000 . The
total amount budgeted for General Fund operations is $2 , 124 ,000 (net of uncollectibles, abatements,
etc.). The amount budgeted for the Community Center Debt Service Fund is $425,000 (net of
uncollectibles, abatements, etc.) .
A homeowner with a $100 ,000 dollar home in Englewood would pay the following to the City of
Englewood:
Market Value
Assessment Ratio
Assessed Value
General Operations Mill Levy
Taxes Paid For General Fund Operations
Market Value
Assessment Ratio
Assessed Value
Community Center Bond Fund Mill Levy
Taxes Paid For Community Center Bond Fund
Total Taxes Paid To City Of Englewood
LIST OF ATTACHMENTS
Proposed bill for an ordinance
$100 ,000
9.74%
$9 ,740
5.880
$57.27
$100 ,000
9 .74%
$9 ,740
1.175
$11.44
$68.71
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