TC Res. No. 2001-44RESOLUTION NO.. 01-44
SERIES OF 2001
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE
YEAR 2001, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE AVON
METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2002 BUDGET
YEAR
WHEREAS, an Agreement for Dissolution of the Avon Metropolitan District was
executed and a petition filed by the District with the District Court of Eagle County and
the District was effectively dissolved on May 31, 1998; and
WHEREAS, pursuant to the Agreement, the District shall continue in existence as
apolitical subdivision of the State for the sole purpose of securing payment in full of the
principal and interest of existing indebtedness; and
WHEREAS, pursuant to the Agreement, the Town Council was appointed as the
District Board of Directors and shall set mill levies as necessary in order to pay in full the
costs of annual payments on the outstanding indebtedness; and
WHEREAS, the Town Council of the Town of Avon has adopted the annual
budget of the Town of Avon including the Avon Metropolitan District Debt Service Fund
in accordance with the Local Government Budget Law on December 11, 2001; and
WHEREAS, the amount of money to balance the Avon Metropolitan District
Fund budget for bonds and interest is $487,120; and
WHEREAS, the 2001 valuation for assessment for the Avon Metropolitan District
as certified by the County Assessor is $135,048,550.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
Section 1. That for the purpose of meeting all bonds and interest of the Town of
Avon during the 2002 budget year there is levied a tax of 3.607 mills upon each dollar of
the total valuation for assessment of all taxable property within the Avon Metropolitan
District for the year 2001.
Section 2. That the Mayor is hereby authorized and directed to immediately
certify to the County Commissioners of Eagle County, Colorado, the mill levies for the
Avon Metropolitan District as hereinabove determined and set.
ADOPTED this 11' day of December, 2001.
TOWN OF AVON, COLORADO
':4 [
J Yoder, a}
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments
TO: County Commissioners of
Eagle
County, Colorado. The Board of Directors
(governing board)
of the Avon Metropolitan Di sthereby certifies the following mill levies to be extended upon the
(local government) 135, 048,50 December 11, 2001
GROSS* assessed valuation of $ Submitted this date:
PURPOSE
General operating expenses [This includes
fire pension, if applicable.]
2. (MINUS) Temporary property tax credit/
Temporary mill levy rate reduction
39-1-111.5, C.R.S.
LEVY
mills $
REVENUE
( )mills $ )
$ IF THE CREDIT DOES NOT APPLY TO the General Operating Expenses levy PLEASE INDICATE HERE
THE LEVY TO WHICH THE CREDIT APPLIES:
SUBTOTAL
mills
3. General obligation bonds and interest [Special Districts
must certify separately for each debt pursuant to 32-1-1603,C.R S.; see
back of this form] 3.607 mills
4. Contractual obligations approved at election mills
5. Capital expenditures [These revenues are not subject to the _
statutory property tax revenue limit if they are approved by counties and
municipalities throughyublic hearing pursuant to 29-1-301(1.2)C.R.S. and
for special districts through aunroval from the Division of Local Government
pursuant to 29-1-302(1.5)C.R.S. or for any entity if approved at election.]
6. Refunds/Abatements
$ 487,120
mills $
mills
7. Other (specify): mills $
[ These revenues are for purposes not indicated above in #1 through #6
and are not subject to the statutory property tax revenue limit.]
TOTAL 3.607 mills $ 487,120
NOTE: Certification must be carried to three decimal places only.
NOTE: If you certify to more than one county, you must certify the same levy to each county.
NOTE: If your boundaries extend into more than one county, please list all counties here:
Contactperson: Scott C. Wright Daytime phone: 9( 70 ) 748-4055
Signed: Title President
Attach one c pleted co o is form to your adopted 2002 budget and mail to the Division of Local Government,
Room 521,1313 Sherman Street, Denver, Colorado 80203, (303) 866-2156.
Page 1 of 2
* As reported by County Assessor in final certification; use NET Assessed Valuation to calculate any levy.
FORM DLG 70 (rev. W01)
CERTIFICATION OF TAX LEVIES, continued
FOR PAYMENT OF GENERAL OBLIGATION DEBT (32-1-1603 CLL.). Special District must certify
separate mill levies and revenues tothe Board of County Commissioners; one each for the funding requirements
of each debt (32-1=1603, C.R.S.) Total should be recorded on page 1, line 3.
CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT:
BONDS:
1. Purpose'of Issue:
Series:
Date of Issue:
Coupon Rate:
Maturity Date:
Levy: .
Revenue:
2. Purpose of Issue:
Series:
Date of Issue:
Coupon Rate:
Maturity Date:
Levy; .
Revenue:
CONTRACTS:
3. Purpose of Contract:
Title:
Date:
Principal Amount:
Maturity Date:
Levy:
Revenue:
4. Purpose of Contract:
Title:
Date:
Principal Amount:
Maturity Date:
Levy:
Revenue:
Water System
Avon Metro. Dist. G.O. Refunding Bonds, 2001
February 1,,2001
4.00% - 4.20%
November 1, 201.0 _
3.60.7
$ 487,120
Page 2 of 2
FORM DLG 70 (rev. 6/01)