TC Res. No. 1987-24•
RESOLUTION NO. 87-24
SERIES OF 1987
A RESOLUTION TO SET MILL LEVIES FOR 1988 BUDGET,
LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 1987,
TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE
TOWN OF AVON, COLORADO, FOR THE 1988 BUDGET YEAR
WHEREAS, the Town Council of the Town of Avon has
received the proposed budget in accordance with the Local
Government Budget Law, on September 22, 1987; and
WHEREAS, the amount of money necessary to balance
the budget for General Operating Expenses is $354,560; and
WHEREAS, the amount of money necessary to balance
the budget for Debt Service and Capital Improvements is
$289,969; and
WHEREAS, the 1987 valuation for assessment for the
Town of Avon, as certified by the County Assessor is $51,141,010.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL
OF THE TOWN OF AVON, COLORADO:
Section 1. That for the purpose of meeting all
General Operating Expenses of the Town of Avon during the 1988
budget year, there is hereby levied a tax of 6.933 mills upon
each dollar of the total valuation for assessment of all taxable
property within the Town for the year 1987.
Section 2. That for the purpose of meeting all Debt
Service and Capital Improvements of the Town of Avon during the
1987 budget year, there is hereby levied a tax of 5.670 mills
upon each dollar of the total valuation for assessment of all
taxable property within the Town for the year 1987.
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Section 3. That the Mayor is hereby authorized and
directed to immediately certify to the County Commissioners
of Eagle County, Colorado, the mill levies for the Town of Avon
as hereinabove determined and set.
ADOPTED THIS 10TH DAY OF NOVEMBER, 1987.
-2-
TOWN OF AVON, COLORADO
Allan R. Nottingh Mayor
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Town of Avon P. O. Box 975, Avon, CO 81620 (303) 9494280
November 13, 1987
Eagle County Commissioners
P.O. Box 850
Eagle, CO 81631
Re: Certification of Tax Levies
Gentlemen:
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Please find enclosed the Certification of Tax Levies for
the Town of Avon, Colorado.
This was determined and fixed by the Avon Town Council
on November 10, 1987.
If there are any questions please feel free to contact the
Town Offices.
Tr rely,eia . 4eL
Town Clerk
enclosure
cc: File
Town of Avon P. O.
CO 81620 (303) 9494280
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CERTIFICATION OF TAX LEVIES
Debt Service
General Operating Expenses
All Other (specify)
5.670 mills $289,969
6.933 mills $354,560
mills
TOTALS 12.603 mills $644,529
rj
TO: County Commissioners of Eagle County, Colorado
This is to certify that the tax levies to be assessed by you upon all
property within the limits of the Town of Avon, based on a total assessed
valuation of 51,141,010 for the year 1987 as determinied and fixed,
by the Town Council on November 10, 1987, are:
You are hereby authorized and directed to extend said levies upon your--
tax list.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the Town of Avon, Colorado, this 10th day of November, 1987.
TOWN OF AVON, COLORADO
Allan R. ottingham, yor
C, le Izer- /
s~c(f, '
DEFLATOR- - - - -
1. 1987 Assessed valuation
2. Sum of all growth values
(new construction, annexations, etc.)
3. Subtract item 2 from item 1 =
4. 1986 Assessed valuation
5. Divide item 3 by item 4 =(deflator factor)
6. Divide item 2 by item 5 =
7. Current (last year's) mill levy
8. Item 7 times item 6 =
9. Add item 8 to last year's certified
revenue base =
10. Take answer to-item 9 times 1.055 =
$ 3,602,670
$ 23,995,620
$
$
13.02
$ 334:;.0
3
Item 410 divided by Item #1 = Mill Levy - G.fl&*429 mills
Plus Debt Service5470S-5*74 mills
/Z,Goj12,~3'mills
19_87 assessed valuation - sum of all growth values =deflator factor
- 1986 assessed valuation
Deflator divided into growth values then taken times current mill levy,
add this figure to certified revenue base for last year then take times
1.055 to arrive at new revenue limitation.
0 0
EAGLE COUNTY ASSESSOR
P. O. Box 449
Eagle, Colorado 81631
(303) 328-7311
November 2, 1987
Town of Avon
Box 975
Avon, CO 81620
Enclosed is a recertification for your city. After the letters were
sent last week it was discovered the amount as certified included the
valuation for tax exempt properties. Please ignore the previous letter.
The enclosed letter of certification is correct as of this date, however
it is still subject to change as noted.
I apologize for any inconvience this may have caused you. It has been a
difficult year for all of us.
Sincerely,
Jody Caruthers
EAGLE COUNTY ASSESSOR
W040 Ii~~lA Q1 Iwo"
Ig nv 1987
0
EAGLE COUNTY ASSESSOR
P. O. Box 449
Eagle, Colorado 81631
(303) 328-7311
November 2, 1987
Town of Avon
Box 975
Avon, CO 81620
As required by C.R.S. 39-5-128(1), I hereby certify that the
assessed valuation for
for the year 1987 is: $ 51,141,010
Previous year's valuation . . . . . . . . . . . . . $ 23,995,620 ,
Increase due to annexations or inclusions . . . . . $ 1,808,290
Increase due to new construction. . . . . . . . . . $ 1,794,380
Revenue collected last year as taxes paid
on property which had been omitted from
the assessment roll of any year (HB1140 1987) . . . $ -0-
NOTE: This valuation is subject to change by the State Board of Equalization.
~ aa a~
G.J. Caruthers
EAGLE COUNTY ASSESSOR
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u nv 31987