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TC Res. No. 2012-26 Levy on Property Taxes 2012TOWN OF AVON RESOLUTION NO. 12-26 SERIES OF 2012 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2012, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE TOWN OF AVON, COLORADO, FOR THE 2013 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 November 13, 2012; and WHEREAS, the amount of money necessary to balance the budget for general operating purposes from property tax revenue is $1,615,844; and WHEREAS, the amount of money to balance the budget for bonds and interest is $546,132; and WHEREAS, the 2012 net total assessed valuation for the Town of Avon, as certified by the County Assessor is $180,420,250. 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 2013 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 2013. Section 2. That for the purpose of meeting all bonds and interest of the Town of Avon during the 2013 budget year there is levied a tax of 3.027 mills upon each dollar of the net total assessed valuation of all taxable property within the Town of Avon for the year 2012. Section 3. That the Mayor is hereby authorized and directed to certify to the County Commissioners of Eagle County, Colorado, the mill levies for the Town of Avon as hereinabove determined and set. ADOPTED this 11th day of December, 2012. Town of Avon Resolution No. 12-26 Page 1 of 2 Town of Avon Resolution No. 12 -26 Page 2 of 2 TOWN OF AVON, COLORADO Ric Carroll Mayor County Tax Entity Code DOLA LGID /SID CERTIFICATION OF TAX LEVIES for NON- SCHOOL Governments TO: County Commissioners' of Eagle County , Colorado. On behalf of the Town of Avon , (taxing entity) the Town Council (governing body) — of the Town of Avon (local government) Hereby officially certifies the following mills to be levied against the taxing entity's GROSS $ 192,931,410 assessed valuation of (GROSS" assessed valuation, Line 2 of the Certification of Valuation Form DLG 57r) Note: If the assessor certified a NET assessed valuation (AV) different than the GROSS AV due to a Tax Increment Financing (TIF) Area the tax levies must be $ 180,420,250 calculated using the NET AV. The taxing entity's total (NET assessed valuation, Line 4 of the Certification of Valuation Form DLG 57) property tax revenue will be derived from the mill levy multiplied against the NET assessed valuation of- Submitted: 1211112012 for budget/fiscal year 2013 (not later than Dec. 15) (mm/dd/yyyy) (yyyy) PURPOSE (see end notes for definitions and examples) LEVY2 REVENUE' 1. General Operating Expenses" 8.956 mills $ 1,615,844 2. <Minus> Temporary General Property Tax Credit/ Temporary Mill Levy Rate Reductions SUBTOTAL FOR GENERAL OPERATING: 3. General Obligation Bonds and Interest' 4. Contractual Obligations' 5. Capital ExpendituresL 6. Refunds /Abatements' 7. Other' (specify): < > mills 8.956 mills 1$ 1,615,844 3.027 mills $ 546,132 mills $ mills $ mills $ mills $ mills $ TOTAL: Sum of General Operating Subtotal and Lines 3 to 7 11.983 mills $ 2,1619976 Contact person: (print) Scott C. Signed: Daytime phone: ( 970 ) 748 -4055 Title: Include one copy of this tax entity's completed form when filing the local government's budget by January 31st, per 29 -1 -113 C.R.S., with the Division of Local Government (DLG), Room 521, 1313 Sherman Street, Denver, CO 80203. Ouestions? Call DLG at (303) 866 -2156. ' If the taxing entity's boundaries include more than one county, you must certify the levies to each county. Use a separate form for each county and certify the same levies uniformly to each county per Article X, Section 3 of the Colorado Constitution. Z Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation (Line 4 of Form DLG57 on the County Assessor's tnal certification of valuation). Form DLG 70 (rev 7/08) Page I of 4