TC Res. No. 2003-51TOWN OF AVON, COLORADO
RESOLUTION NO. 03-51
SERIES OF 2003
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE
YEAR 2003, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE
AVON METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2004
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 25, 2003; and
WHEREAS, the amount of money to balance the Avon Metropolitan District
Fund budget for bonds and interest is $487,843; and
WHEREAS, the 2003 valuation for assessment for the Avon Metropolitan District
as certified by the County Assessor is $136,157,300.
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 2004 budget year there is levied a tax of 3.619 mills upon each dollar of
the total valuation for assessment of all taxable property within the Avon Metropolitan
District for the year 2003.
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 25th day of November, 2003.
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ATTEST: •
TOWN OF AVON, COLORADO
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Albert D. Reynolds, Ma or
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Patty c envy
To C k
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 Metro. District hereby certifies the following mill levies to be extended upon the
-(name of local government)
GROSS I assessed valuation of $ 136,157,300 Submitted this date: Dec. 2 , 200.3.-
PURPOSE LEVY REVENUE
L General Operating Expenses [This includes
fire pension; unless fire pension levy is voter-
approved; if so, use Line 7 below.] mills $
2. (Mipus) Temporary Property Tax Credit/
Temporary fill Levy Rate Reduction,
394-111.5, C'.R.S. < > mills t $ < >
IF THE CREDIT DOES NOT APPLY TO the General Operating Expenses levy
PLEASE INDICATE HERE THE LEVY TO WHICH THE CREDIT APPL 7F'S
SUBTOTAL
mills
$
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.]
3.619 mills
$ 492,753
4.
Contractual Obligations Approved At
Election
mills
$
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 df Local
Government pursuant to 29-1-302(1.5) C.R.S.
or for any entity if approved at election.]
mills
$
6.
Refunds/Abatements
mills
$
7.
Other (specify):
mills
$
TOTAL
3.619 miss
$ 492,753
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) Scot Wright phone: (970) 748-4055
f •
Signed: Title: Board President
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 NETAssessed Valuation to calculate any levy.
Form DLG 70 (rev 6/02) Page 1 of 2
i