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<br />RESOLUTION NO. 54 <br />SERIES 2006 <br /> <br />A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2006, TO HELP <br />DEFRAY THE COSTS OF GOVERNMENT FOR THE CITY OF LOUISVILLE, COLORADO <br />FOR THE 2007 BUDGET YEAR. <br /> <br />WHEREAS, the City Council of the City of Louisville has adopted the annual budget for the <br />2007 budget year in accordance with the Local Government Budget Law, on November 21,2006; and <br /> <br />WHEREAS, the amount of money necessary to balance the budget for general operating <br />purposes from property tax revenue is $2,046,285; and <br /> <br />WHEREAS, the amount of money necessary from property tax revenue to balance the budget <br />for the estimated debt service payments of the approved bonded debt is $601,199; and <br /> <br />WHEREAS, the 2006 valuation for assessment for the City of Louisville as certified by the <br />County Assessor is $393,971,030; and <br /> <br />WHEREAS, the City of Louisville is exempt from the statutory property tax revenue limitation <br />(5.5% limit) due to the voter approval of Ballot Issue 2A on November 6,2001; and <br /> <br />WHEREAS, the City of Louisville is exempt from the fiscal year spending limitation imposed <br />by Article X, Section 20 to the Colorado Constitution, approved by the voters on November 3, 1992, <br />due to the voter approval of Ballot Issue 2A on November 6, 200!. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />LOUISVILLE, COLORADO: <br /> <br />SECTION 1. That for the purpose of meeting all general operating expenses of the City of Louisville <br />during the 2007 budget year, there is hereby levied a tax of 5.184 mills upon each dollar of the total <br />valuation for assessment of all taxable property within the City for the year 2006. <br /> <br />SECTION 2. That for the purpose of meeting payments for bonded indebtedness of the City of <br />Louisville during the 2007 budget year, there is hereby levied a tax of 1.526 mills upon each dollar of <br />the total valuation for assessment of all taxable property within the City for the year 2006. <br /> <br />SECTION 3. That the City Clerk is hereby authorized and directed to immediately certify to the <br />County Commissioners of Boulder County, Colorado, the mill levies for the City of Louisville as herein <br />above determined and set. <br /> <br />c'~:"ADOPTED this 21" day of November ~,~. <br /> <br />O. ,. J;,{'i <br />)... : \ ".. ," <br />~ [ ~.~\J \ ~,l <br />o \ e,'pV~i ' <br />\. /0 <br />~"'" .....Q <br />'T'" ............'o<(-.~ <br />,CO\.: <br /> <br />.,,"'.....r_~~- <br /> <br />\ <br />