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<br />RESOLUTION NO. 70 <br />SERIES 1992 <br /> <br />A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 1992, TO <br />HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE CITY OF LOUISVILLE, <br />COLORADO, FOR THE 1993 BUDGET YEAR <br /> <br />WHEREAS, the City Council of the City of Louisville has adopted the annual budget <br />for the 1993 budget year in accordance with the Local Government Budget Law, on <br />December 14, 1992 and; <br /> <br />WHEREAS, the amount of money necessary to balance the budget for general <br />operating purposes is $916,715, and; <br /> <br />WHEREAS, the 1992 valuation for assessment for the City of Louisville as certified <br />by the County Assessor is $156,392,840, and; <br /> <br />WHEREAS, the various property tax revenue limitations imposed on the City including <br />the limitations of the Amendment ("Amendment One") adding Article X, Section 20 <br />to the Colorado Constitution, approved by the voters on November 3, 1992, have <br />been calculated using the information currently available to the City and a tax of <br />5.862 mills complies with said limitations; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE City Council of the City of Louisville, <br />Colorado: <br /> <br />SECTION 1. That for the purpose of meeting all general operating expenses of the City <br />of Louisville during the 1993 budget year, there is hereby levied a tax of 5.862 mills <br />upon each dollar of the total valuation for assessment of all taxable property within <br />the City for the year 1992. <br /> <br />SECTION 2. That the City Clerk is hereby authorized and directed to immediately <br />certify to the County Commissioners of Boulder County, Colorado, the mill levy for the <br />City of Louisville as hereinabove determined and set. <br /> <br />ADOPTED this 14th day of December, 1992. <br /> <br />----r;;=0~, <br /> <br />tom Davidson, Mayor <br /> <br />ATTEST: <br /> <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />riffiths Tanoue, <br />City Attorney <br />