TC Res. No. 2005-53 LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2005,TOWN OF AVON, COLORADO
RESOLUTION NO. 05-53
SERIES OF 2005
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2005,
TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE AVON
METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2006 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 22, 2005; and
WHEREAS, the amount of money to balance the Avon Metropolitan District Fund
budget for bonds and interest is $188,187; and
WHEREAS, the 2004 valuation for assessment for the Avon Metropolitan District as
certified by the County Assessor is $148,701,600.
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 2006 budget year there is levied a tax of 3.283 mills upon each dollar of the total
valuation for assessment of all taxable property within the Avon Metropolitan District for the
year 2005.
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 13'' day of December, 2004.
ATTEST:
TI
;onald AVON,,oCOLO O
C. Wolfe
- Mayor
:A A L
P
Resolution No. 05-53 AMD 2006 Mill Levy
Page 2 of 2
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments *
* School governments must use forms provided by the Colorado Department of Education (303) 866-6600.
TO: County Commissioners of Eagle County, Colorado. The Board of Directors
(governing board)
of the Avon Metropolitan District hereby certifies the following mill levies to be extended upon the
(name of local government)
GROSSI assessed valuation of $ 148,701,600 Submitted this date: December 13, 2005
PURPOSE
1. General Operating Expenses ['t'his includes
fire pension, unless fire pension levy is voter-
approved; if so, use Line 7 below.]
2. (Minus) Temporary Property Tax Credit/
Temporary Mill Levy Rate Reduction,
39-1-111.5, C.R.S.
$ IF THE CREDIT DOES NOT APPLY TO the General Operating Expenses levy
PLEASE INDICATE HERE THE LEVY TO WHICH THE CREDIT APPLIES
SUBTOTAL
3- General Obligation Bonds and Interest
[Special districts must certify separately for each
debt pursuant to 32-1-1603, C.R.S.; see Page 2 of
this form. If bond levy ended last year, enter date/name].
4. Contractual Obligations Approved At
Election
5. Capital Expenditures [These revenues are not
subject to the statutory property tax revenue limit if
they are approved by counties and municipalities
through public hearings pursuant to 29-1-301(1.2)
C.R.S. and for special districts though approval from
the Division of Local Government pursuant to 29-1-
302(1.5) C.R.S. or for any entity if aavproved at
election.]
6. Refunds/Abatements [if the gov't.entity is in more
than one county, the levy must be uniform throughout the
entity's boundaries].
7. Other (specify):
TOTAL
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:
Counties:
LEVY
REVENUE
< > mills $ $ < >
mills $
3.283 mills $ 488,187
mills $
mills $
mills $
mills $
3.283 mills $ 488,187
mills $
Contact person: Daytime
(print) Scott C. Wright phone: (970) 748-4055
Signed:
Title: Board President
Send one completed copy of this form to the Division of Local Government (DL G), Room 521,1313 Sherman Street, Denver,
Colorado 80203 when you submit it to the Board(s) of County Commissionerm Questions? CaU DLG at (303) 866-2156.
I As reported by County Assessor in final certification of valuation; use NET Assessed Valuation to calculate any levy.
Form DLG 70 (rev 7/03) Page 1 of 2
CERTIFICATION OF TAX LEVIES, continued
THIS APPLIES ONLY TO TITLE 32, ARTICLE 1 SPECIAL DISTRICTS THAT LEVY TAXES
FOR PAYMENT OF GENERAL_OBLIGATION DEBT (32-1-1603 C.R.S.). Special Districts must
certify separate mill levies and'revenues to the Board of County Commissioners, 'one each for the funding
requirements of each debt (32-1-1603, C.R.S.) Use additional pages as necessary. Total of all levies should
be recorded on Page 1, Line 3. -
CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT:
BONDS:
1. Purpose of Issue:
Water System
Series:
Avon Metropolitan District G. O. Refunding Bonds,-Series 2001
Date of Issue:
February 1, 2001
Coupon Rate:
4.00%-- 4.20%
Maturity Date:
November 1, 2010
Levy:
3.283 _
Revenue:
488,187-
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
Form DLG 70 (rev 7/03) Page 2 of 2 Q
-1