TC Res. No. 1999-57RESOLUTION NO. 99-57
SERIES OF 1999
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE
YEAR 1999, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE AVON
METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2000 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 23, 1999; and
WHEREAS, the amount of money to balance the Avon Metropolitan District
Fund budget for bonds and interest is $565,628; and
WHEREAS, the 1999 valuation for assessment for the Avon Metropolitan District
as certified by the County Assessor is $111,370,670.
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 2000 budget year there is levied a tax of 5.079 mills upon each dollar of
the total.valuation for assessment of all taxable property within the Avon Metropolitan
District for the year 1999.
Section 2. That the Mayor 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 23`d day of November, 1999.
TOWN OF AVON, COLORADO
J Yod or
CERTIFICATION OF TAX LEVIES
TO: County Commissioners of ga g 1 g County, Colorado. For
the year 19_99 the Rna rA Of w reC~ra Of the &uon Metropolitan Dist.
(governing board) (unit of government)
hereby certifies the following mill levies to be extended upon the total assessed valuation of
$ 111.37n.670
PURPOSE
1. General Operating Expenses
2. Refunds/Abatements
3. Annual Incentive Payments pursuant to
30-11-123(6) CRS (Counties a*) at
31-15-9030 CRS Odunicipalitics, only)
SUBTOTAL
4. General Obligation Bonds and Interest*
5. Contractual Obligations Approved at Election
6. Capital Expenditures levied punt to CRs
29-1-301(1.2) (Counties and Municipalities
only) or CRS 29-1-302(1.5) (Special
Districts only)
7. Expenses Incurred in Reappraisal
pursuant to Ordered or Conducted by State
Board of Equalization (County only)
8.. . Payment to State of Excess State
Equalization Payments to School
Districts (County only)
9. Temporary Property Tax Credit/
Temporary Mill Levy Rate Reduction
CRS 39-5-111.5
10.. Other-(specify)
LEVY REVENUE
mills
$
mills
$
mills
$
mills
$
CZ A -7 0- Mills
$ 565. . 691
mills
$
mills
$
mills
$
mills
$
mills.
$
Mills
$
GROSS TOTAL or NET TOTAL
-5 ..0;1 a.- mills $ 666,652
Contactperson: Scott Wr i ah t Daytime Phone: (S 7 0 )
Signed. & Agi~ga- j - Title Max r
Date: nXe-am}nAr 7 , 1 QQQ
• CRS 32-14 603 requires Special Districts to "certify separate mill levies to the Board of County
Commissioners, one each for funding requirements of each debt" Space is provided on the back of this
form. Total should be recorded above on line 4.
NOTE: Certification must be to three decimal places only. If your boundaries extend into more than
one county, please list all counties here:
Send a copy to Division of Local Government, Room 521, and the Division of Property Taxation, Room
4191313 Sherman Street, Denver, Colorado 80203.
FOB!! DLG 70 (Rev. 6/94)
A-17 Revised 10/96