TC Res. No. 2007-47 LEVYING GENERAL PROPERTY TAXES FOR THETOWN OF AVON, COLORADO
RESOLUTION NO. 0747
SERIES OF 2007
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE
YEAR 2007, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE
TOWN OF AVON, COLORADO, FOR THE 2008 BUDGET YEAR
WHEREAS, the Town Council of the Town of Avon has adopted the annual
budget in accordance with the Local Government Budget Law and Town Charter on
December 11, 2007; and
WHEREAS, the amount of money necessary to balance the budget for general
operating purposes from property tax revenue is $2,008,327; and
WHEREAS, the amount of money to balance the budget for bonds and interest is
$743;368; and
WHEREAS, the 2007 net total assessed valuation for the Town of Avon, as.
certified by the County Assessor is $224,243,790.
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 2008 budget year there is levied a tax of 8.956 mills upon each
dollar of the net total assessed valuation of all taxable property within the Town of Avon
for the year 2007.
Section 2. That for the purpose of meeting all bonds and interest of the Town of
Avon during the. 2008 budget year there is levied a tax of 3315 mills upon each dollar of
the net total assessed valuation of all taxable property within the Town of Avon for the
year 2007.
Section 3. That the Mayor is hereby authorized and directed to immediately
issioners of Eagle County, Colorado, the mill levies for the
certify-to mm
Town of ;~e
"U h i, ve determined and set.
D~PTPDl.1th ay of December, 2007
IT 40AVON,C RADO
Ronald C. Wolfe, Mayor
OOLORP~~
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 Town Council
(governing board)
of the Town of Avon hereby certifies the following mill levies to be extended upon the
(name of local government)
GROSS] assessed valuation of $ 226,501,610 Submitted this. date: December 11, 2007
PURPOSE
1., General Operating Expenses [This 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(l.5) C.R.S. or for any entity if approved 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
LEVY
8.956
REVENUE
mills $ 2,00.8;327
< > mills I $ <
8.956
3.315
mills $ 2,008,327
mills $ 743,368
mills $
mills $
mills $
mills $
12.271 mills $.2,751,695
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:
Contact person: Daytime
(print) Sco . night phone: (970) 748-4055
Signed: 141 C, Title: Mayor
Send one completed copy of this form to the Division of Local Government (DLG), Room 521,1313 Sherman Street, Denver,
Colorado 80203 when you submit it to the Board(s) of County Commissioners. Questions? Call 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 Pagel, 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:
Form DLG 70 (rev 7/03) Page 2 of 2
01 - L4 `7
a7 `'~~3
0
Memo
TO. Honorable Mayor and Town Council
Thrnc Lary Brooks, Town Manager
From: Scott Wright, Finance Director
Data December 11, 2007
Re:, 2007 Property Tax Levy
Surnrrrar~l:
Two resolutions levying property taxes for general operating, debt service and the Avon Metropolitan
District are also hereby submitted for adoption.
The property tax mill rates will be levied as follows:
• o General operating purposes - 8.956 mills;
o Debt service - 3.315 mills, a decrease of 1.016 mills from 2006;
o Avon Metro District- 2.594 mills, a decrease of.687 mills from 2006.
The decrease in the debt service mill rates is due to an increase in assessed values for both the Town
and the District
Recommendation:
Staff recommends that Council adopt the resolutions discussed above as presented.
Town Manager Comments:
Atta&ineen sts
A - Resolution 07-47
C - Certification of Tax Levies - Town of Avon
B - Resolution 0748
D - Certification of Tax Levies - Avon Metropolitan District
•
Page 1
RESOLUTION NO. 0747
•
SERIES OF 2007
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR
2007, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE TOWN OF
AVON, COLORADO, FOR THE 2008 BUDGET YEAR
WHEREAS, the Town Council of the Town of Avon has adopted the annual
budget in accordance with the Local Government Budget Law and Town Charter on
December 11, 2007; and
WHEREAS, the amount of money necessary to balance the budget for general
operating purposes from property tax revenue is $2,008,327; and
WHEREAS, the amount of money to balance the budget for bonds and interest is
$743,368; and
WHEREAS, the 2007 net total assessed valuation for the Town of Avon, as
certified by the County Assessor is $224,243,790.
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 2008 budget year there is levied a tax of 8.956 mills upon each
dollar of the net total assessed valuation of all taxable property within the Town of Avon
for the year 2007.
Section 2. That for the purpose of meeting all bonds and interest of the Town of
Avon during the 2008 budget year there is levied a tax of 3.315 mills upon each dollar of
the net total assessed valuation of all taxable property within the Town of Avon for the
year 2007.
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.
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