Resolution 2000-66 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 66 SERIES A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2000, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE CITY OF LOUISVILLE, COLORADO FOR THE 2001 BUDGET YEAR. WHEREAS, the City Council of the City of Louisville has adopted the annual budget for the 2001 budget year in accordance with the Local Govemment Budget Law, on December 5, 2000; and WHEREAS, the amount of money necessary to balance the budget for general operating purposes from property tax revenue is $1,506,686; and WHEREAS, the amount of money necessary to balance the budget for general operating purposes from property taxes abated and refunded is $969; and WHEREAS, the City of Louisville finds that it is required to temporarily lower the general operating mill levy to render a refund for $132,808; and WHEREAS, the 2000 valuation for assessment for the City of Louisville as certified by the County Assessor is $316,260,420; and WHEREAS, the statutory property tax revenue limitation (5.5% limit) imposed on the City has been calculated using the information currently available to the City and a tax of 5.187 mills with a temporary mill levy reduction of 0.420 mills complies with said limitations. WHEREAS, the limitation imposed on the City by Article X? Section 20 to the Colorado Constitution, approved by the voters on November 3, 1992, has been calculated using the information currently available to the City and a tax of 5.187 mills with a temporary mill levy reduction of 0.420 mills exceeds this limitation by $74,389. WHEREAS, the City Council of the City of Louisville will request approval from the voters to retain this $74,389 in excess of the limitation as provided by Article X, Section 20 to the Colorado Constitution, in a November, 2001 election.