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<br />lRESOLUTION NO. 44 <br />SERIES 2002 <br /> <br />A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2002, TO <br />HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE CITY OF LOUISVILLE, <br />COLORADO FOR THE 2003 BUDGl8:T YEAR. <br /> <br />WHEREAS, the City Council of the City of Louisville has adopted the annual budget for the <br />2003 budget year in accordance with the Local Government Budget Law, on December 3, 2002; and <br /> <br />WHEREAS, the amount of money necessary to balance the budget for general operating <br />purposes from property tax revenue is $1,934,083; and <br /> <br />WHEREAS, the 2002 valuation for assessment for the City of Louisville as certified by the <br />County Assessor is $373,087,021; and <br /> <br />WHEREAS, the City of Louisville is now exempt from the statutory property tax revenue <br />limitation (5.5% limit) due to the voter approval of2A on November 6,2001; and <br /> <br />WHEREAS, the City of Louisville is now exempt from the fiscal year spending limitation <br />imposed by Article X, Section 20 to the Colorado Constitution, approved by the voters on November 3, <br />1992, due to the voter approval of2A on November 6,2001; and <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 2003 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 2002. <br /> <br />SECTION 2. That the City Clerk is hereby authorized and directed to immediately certify to the County <br />Commissioners of Boulder County, Colorado, the mill levy for the City of Louisville as herein above <br />determined and set. <br /> <br />PASSED AND ADOPTED this loth day of December 2002. <br /> <br />T om Davidson, Mayor <br /> <br />ATTEST: <br /> <br />Nancy Yarra, City Clerk <br />