TC Res. No. 2002-50RESOLUTION NO. 02-50
SERIES OF 2002
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR
2002, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE AVON
METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2003 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
a political 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 November 12, 2002; and
WHEREAS, the amount of money.to balance the Avon Metropolitan District
Fund budget for..bOnds and interest is $488,722; and
WHEREAS, the 2002 valuation for assessment for the Avon Metropolitan District
as certified by the County Assessor is $140,509,430.
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 2003 budget year there is levied a tax of 3.478 mills upon each dollar of
the total valuation for assessment.of all taxable property within the Avon Metropolitan
District for the year 2002.
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 Ifh day of November, 2002.
TOWN OF AVON, COLORADO
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