Resolution 2001-60 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 60 SERIES 2001 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2001, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE CITY OF LOUISVILLE, COLORADO FOR THE 2002 BUDGET YEAR. WHEREAS, the City Council of the City of Louisville has adopted the annual budget for the 2002 budget year in accordance with the Local Government Budget Law, on December 4, 2001; and WHEREAS, the amount of money necessary to balance the budget for general operating purposes from property tax revenue is $1,917,897; and WHEREAS, the amount of money necessary to balance the budget for general operating purposes from property taxes abated and refunded is $39,956; and WHEREAS, the 2001 valuation for assessment for the City of Louisville as certified by the County Assessor is $369,964,770; and WHEREAS, the City of Louisville is now exempt from the statutory property tax revenue limitation (5.5% limit) due to the voter approval of 2A on November 6, 2001; and WHEREAS, the City of Louisville is now exempt from the fiscal year spending limitation imposed by Article ×, Section 20 to the Colorado Constitution, approved by the voters on November 3, 1992, due to the voter approval of 2A on November 6, 2001; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: SECTION 1. That for the purpose of meeting all general operating expenses of the City of Louisville during the 2002 budget year, there is hereby levied a tax of 5.292 mills upon each dollar of the total valuation for assessment of all taxable property within the City for the year 2001. SECTION 2. That the City Clerk is hereby authorized and directed to immediately certify to the County Commissioners of Boulder County, Colorado, the mill levy, and temporary mill levy reduction and net levy for the City of Louisville as herein above determined and set. PASSED AND ADOPTED this 4th day of December 2001.