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RESOLUTION NO. 53 <br />SERIES 1997 <br />A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 1997, <br />TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE CITY OF <br />LOUISVILLE, COLORADO FOR THE 1998 BUDGET YEAR. <br />WHEREAS, the City Council of the City of Louisville has adopted the annual budget for <br />the 1997 budget year in accordance with the Local Government Budget Law, on December 2, <br />1997, and; <br />WHEREAS, the amound of money necessary to balance the budget for general operating <br />purposes from property tax revenue is $1,233.911, and; <br />WHEREAS, the 1997 valuation for assessment for the City of Louisville as certified by <br />the County Assessor is $240,010,150, and; <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 to the <br />Colorado Constitution, approved by the voters on November 3, 1992, have been calculated using <br />the information currently available to the City and a tax of 5.246 mills complies with said <br />limitations; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br />SECTION 1. That for the purpose of meeting all general operating expenses of the City of <br />Louisville during the 1998 budget year, there is hereby levied a tax of 5.246 mills upon each <br />dollar of the total valuation for assessment of all taxable property within the City for the year <br />1997. <br />SECTION 2. That the City Clerk is hereby authorized and directed to immediately certify to the <br />County Commissioners of Boulder County, Colorado, the mill levy for the City of Louisville as <br />hereinabove determined and set. <br />PASSED AND ADOPTED this 2nd day of December 1997. <br />Tom Davidson, Mayor <br />