TC Res. No. 2004-49 LEVYING GENERAL PROPERTY TAXES FOR THE YEARTOWN OF AVON, COLORADO
RESOLUTION NO. 04-49
SERIES OF 2004
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR
2004, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE AVON
METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2005 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 9, 2004; and
WHEREAS, the amount of money to balance the Avon Metropolitan District Fund
budget for bonds and interest is $488,083; and
WHEREAS, the 2004 valuation for assessment for the Avon Metropolitan District as
certified by the County Assessor is $140,275,330.
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 2005 budget year there is levied a tax of 3.479 mills upon each dollar of the total
valuation for assessment of all taxable property within the Avon Metropolitan District for the
year 2004.
Section 2. That the Mayor acting as Board President 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 14th day of December 2004.
WN F AVON, COLD O
0 F Qy®~
I A O F A
% Ronald C. Wolfe, Mayor
AT T: S E A L
Patty 1cK5nny, To'wti lcg 6...A~
Resolution No. 04-49 AMD 2005 Mill Levy
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