TC Res. No. 2011-22 Levying General Property Taxes for the Town of Avon General Improvement District 1 for 2011TOWN OF AVON
RESOLUTION NO. 11-22
SERIES OF 2011
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE
TOWN OF AVON GENERAL IMPROVEMENT DISTRICT NO. 1 FOR THE
YEAR 2011, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE
TOWN OF AVON, COLORADO, FOR THE 2012 BUDGET YEAR
WHEREAS, on August 28, 2007, the Town Council of the Town of Avon passed
on second reading Ordinance No. 07-07 declaring the Town of Avon General
Improvement District No. 1 (District) organized and submitted to the electors of the
District the question of imposing an ad valorem tax to pay the annual expenses of the
District; and
WHEREAS, on November 6, 2007, an election was held under the requirements
and procedures of the Uniform Election Code, the Mail Ballot Election Act, and TABOR,
and a majority of the votes cast on the question were in favor of incurring such levy as
provided in such question; and
WHEREAS, the Town Council is authorized to act as the ex -officio Board of
Directors of the District and is authorized to proceed with the necessary action to levy the
ad valorem taxes so authorized; and
WHEREAS, the authority to levy ad valorem taxes as conferred by the results of
the election, is deemed and considered a continuing authority to levy the ad valorem taxes
so authorized; and
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 13, 2011; and
WHEREAS, the estimated cost of providing transportation and recreation
services to and within the District is $39,999; and
WHEREAS, the 2011 net total assessed valuation for the property included in the
District as certified by the County Assessor is $2,616,360.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF AVON, COLORADO:
Town of Avon
Resolution No. 11-22
Page 1 of 2
Section 1. That for the purpose of providing transportation and recreation services
to and within the District during the 2012 budget year there is levied a tax of 15.288 mills
upon each dollar of the net total assessed valuation of all taxable property within the
District for the year 2011.
Section 2. 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
Local Improvement District No. 1 as hereinabove determined and set.
ADOPTED this 13t' day of December, 2011.
TOWN OF AVON, COLORADO
Rich Carroll
S T A L ' Mayor
ATTEST: ....
Town of Avon
Resolution No. 11-22
Page 2 of 2
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 General Improvement District No. I
(taxing entity)A
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 $ 2,616,360
assessed valuation of: (GROSS assessed valuation, Line 2 of the Certification of Valuation Form DLG 57 )
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 $
calculated using the NET AV. The taxing entity's total
property tax revenue will be derived from the mill levy
multiplied against the NET assessed valuation of.
assessed valuation, Line 4 of the Certification of Valuation Form DLG 57)
Submitted: 12/13/2011 for budget/fiscal year 2012
(not later than Dec. 15) (mm/dd/yyyy) (yyyy)
PURPOSE (see end notes for definitions and examples) LEVY' REVENUE2
1. General Operating Expenses'
2. <Minus> Temporary General Property Tax Credit/
Temporary Mill Levy Rate Reduction'
SUBTOTAL FOR GENERAL OPERATING:
3. General Obligation Bonds and Interest'
4. Contractual Obligations"
5. Capital Expenditures`'
6. Refunds/Abatementsm
7. OtherN (specify):
15.288 mills
$ 39,999
< > mills
$ < >
15.288 mills
$ 39,999
mills
$
mills
$
mills
$
mills
$
mills
$
mills
$
TOTAL. Sum of General Operating Q
Subtotal and Lines 3 to 7 15.288 mills $ 39,999
Contact person: Daytime
(print) Scott C. Wright, Finan for phone: (970) 748-4055
Signed: —�?� Title: Mayor
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.
' 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).
F„r,,, ru n'7n 1-, 7/OR)
Memo
To: Honorable Mayor and Town Council
Thru: Larry Brooks, Town Manager Initials
Legal: Eric Heil, Town Attorney f
From: Scott Wright, Asst. Town Manager — Finance
Date: December 8, 2011
Re: 2010 Property Tax Levies
�I e�l��tavLS no , �1 -2l anti Flo. 11 - ZZ
Summary
Two resolutions levying property taxes for Town of Avon general operating, Town of Avon
debt service, and the Avon General Improvement District No. 1 are hereby submitted for
adoption.
The property tax mill rates will be levied as follows:
o General operating purposes - 8.956 mills, no change from the previous year;
o Debt service - 3.116 mills, an increase of 0.852 mills from 2010;
o Avon General Improvement District No. 1 — 15.288 mills, an increase of
5.8592 mills from the previous year.
Recommendation:
Staff recommends that Council adopt the resolutions discussed above as presented.
Town Manager Comments:
Attachments:
A — Resolution 11-21
B — Resolution 11-22
Page 1
TOWN OF AVON
RESOLUTION NO. 11-21
SERIES OF 2011
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE
YEAR 2011, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE
TOWN OF AVON, COLORADO, FOR THE 2012 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 13, 2011; and
WHEREAS, the amount of money necessary to balance the budget for general
operating purposes from property tax revenue is $1,639,601; and
WHEREAS, the amount of money to balance the budget for bonds and interest is
$570,455; and
WHEREAS, the 2011 net total assessed valuation for the Town of Avon, as
certified by the County Assessor is $183,072,890.
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 2012 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 2011.
Section 2. That for the purpose of meeting all bonds and interest of the Town of
Avon during the 2012 budget year there is levied a tax of 3.116 mills upon each dollar of
the net total assessed valuation of all taxable property within the Town of Avon for the
year 2011.
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 13th day of December, 2011.
Town of Avon
Resolution No. 11-21
Page 1 of 2
TOWN OF AVON, COLORADO
Rich Carroll
Mayor
ATTEST:
Patty McKenny
Town Clerk
Town of Avon
Resolution No. 11-21
Page 2 of 2
TOWN OF AVON
RESOLUTION NO. 11-22
SERIES OF 2011
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE
TOWN OF AVON GENERAL IMPROVEMENT DISTRICT NO. 1 FOR THE
YEAR 2011, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE
TOWN OF AVON, COLORADO, FOR THE 2012 BUDGET YEAR
WHEREAS, on August 28, 2007, the Town Council of the Town of Avon passed
on second reading Ordinance No. 07-07 declaring the Town of Avon General
Improvement District No. 1 (District) organized and submitted to the electors of the
District the question of imposing an ad valorem tax to pay the annual expenses of the
District; and
WHEREAS, on November 6, 2007, an election was held under the requirements
and procedures of the Uniform Election Code, the Mail Ballot Election Act, and TABOR,
and a majority of the votes cast on the question were in favor of incurring such levy as
provided in such question; and
WHEREAS, the Town Council is authorized to act as the ex -officio Board of
Directors of the District and is authorized to proceed with the necessary action to levy the
ad valorem taxes so authorized; and
WHEREAS, the authority to levy ad valorem taxes as conferred by the results of
the election, is deemed and considered a continuing authority to levy the ad valorem taxes
so authorized; and
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 13, 2011; and
WHEREAS, the estimated cost of providing transportation and recreation
services to and within the District is $39,999; and
WHEREAS, the 2011 net total assessed valuation for the property included in the
District as certified by the County Assessor is $2,616,360.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF AVON, COLORADO:
Town of Avon
Resolution No. 11-22
Page 1 of 2
Section 1. That for the purpose of providing transportation and recreation services
to and within the District during the 2012 budget year there is levied a tax of 15.288 mills
upon each dollar of the net total assessed valuation of all taxable property within the
District for the year 2011.
Section 2. 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
Local Improvement District No. 1 as hereinabove determined and set.
ADOPTED this 13th day of December, 2011.
TOWN OF AVON, COLORADO
Rich Carroll
Mayor
ATTEST:
Patty McKenny
Town Clerk
Town of Avon
Resolution No. 11-22
Page 2 of 2