TC Res. No. 2006-55 LEVYING GENERAL PROPERTY TAXES FOR THE YEARTOWN OF AVON, COLORADO
RESOLUTION NO.06-55.
SERIES OF 2006
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR
2006, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE AVON
METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2007 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 14, 2006; and
WHEREAS, the amount of money to balance the Avon Metropolitan District
Fund budget for bonds and interest is $487,591; and
WHEREAS, the 2006 valuation for assessment for the Avon Metropolitan District
as certified by the County Assessor is $148,610,620.
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 2007 budget year there is levied a tax of 3.281 mills upon each dollar of
the total valuation for assessment of all taxable property within the Avon Metropolitan
District for the year 2006.
Section 2. That the Mayor acting as Board President 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 12th day of December 2006.
;1 s S E I~
ATTEST: LQ~
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Ronald C. Wolfe
Mayor
RADO
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Resolution No. 06-55 AMD Mill Levy 06
Page 2 of 2
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
(gov"emieg"board)
of the Avon Metropolitan District hereby certifies the following mill levies to be extended upon the
(name of local government)
GROSSI assessed valuation of $ 148,610,620 Submitted this date: December 12, 2006
PURPOSE
LEVY
REVENUE
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(1.5) 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
3.281
3.281
mills $
mills $ $ < >
mills $
mills $ 487,591
mills $
mills
Mills $
mills $
mills $ 487,591
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) Scott Wright phone: (970) 748-4055
Title: Board President
Signed: _
Send one completed copy of this form to the Divisio 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.
Y 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 Page 1, Line 3.
CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT:
BONDS:
1. Purpose of Issue:
Water System
Series:
Avon Metropolitan District G. O. Refundipg Bonds, Series 2001
Date of issue:
February 1, 2001
Coupon Rate:
4.00% - 4.20%
Maturity Date:
November 1, 2010
Levy:
3.281
Revenue:
487,591
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