TC Res. No. 2008-45 Levying general property taxes for the year 2008 to help defray the costs of governemnt for the TOATOWN OF AVON, COLORAOD
RESOLUTION NO. 0845
SERIES OF 2008
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR
2008, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE TOWN
OF AVON, COLORADO, FOR THE 2009 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 11, 2008; and
WHEREAS, the amount of money necessary to balance the budget for general
operating purposes from property tax revenue is $2,025,286; and
WHEREAS, the amount of money to balance the budget for bonds and interest is
$550,869; and
WHEREAS, the 2008 net total assessed valuation for the Town of Avon, as
certified by the County Assessor is $226,137,320.
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 2009 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 2008.
Section 2. That for the purpose of meeting all bonds and, interest of the Town of
Avon during the 2009 budget year there is levied a tax of 2.436 mills upon each dollar of
the net total assessed valuation of all taxable property;within the Town of Avon for the
year 2008.
Section 3. That the Mayor is hereby authorized and directed to immediately
certify to the County Commissioners of Eagle County, Colorado, the mill levies for the
Town of Avon as hereinabove determined and set.
ADOPTED this 11 cn day of November, 2008.
~N OF A~p~
'SEAL:
AVON,
6~cac
Ronald C. Wolfe
Mayor
LORADO
ATTEST:
w~l. C
Pa cI enny
To Cler
Resolution No. 08-45 08 Mill Levy
Page 2 of 2
•
Memo
To: Honorable Mayor and Town Council
Thra: Lary Brooks, Town Manager
From: Scott Wright, Assistant Town Manager - Finance
Date: November 11, 2008
Re: 2008 Property Tax Levies
Summary:
Three resolutions levying property taxes for general operating, debt service, the Avon
Metropolitan District 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;
o Debt service - 2.436 mills, a decrease of 0.879 mills from 2007;
o Avon Metro District- 2.594 mills, an increase of.111 mills from 2007.
o Avon General Improvement District No. 1- 9.396 mills.
Recommendation:
Staff recommends that Council adopt the resolutions discussed above as presented.
Town Marm er Comments
Attachments _
A - Resolution 08-45
B - Resolution 08-46
C - Resolution 08-47
Page 1
RESOLUTION NO. 08-45
SERIES OF 2008
A RESOLUTION LEVYING GENERAL PROPERTY TAXES, FOR THE YEAR
2008, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE TOWN OF,_
AVON, COLORADO, FOR THE 2009 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 11, 2008; and
WHEREAS, the amount of money necessary to balance the budget for general
operating purposes from property tax revenue is $2,025,286; and
WHEREAS, the amount _of money to balance the budget for bonds and interest is
$550,869; and
WHEREAS, the 2008 net.total assessed valuation for. the Town of Avon, as
certified by the County Assessor is $226,137,320.
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 2009 budget year there is levieda 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 2008.
Section 2. That for the purpose of meeting all bonds and interest of the Town of
Avon during the 2009 budget year there is. levied a tax of 2.436 mills upon each dollar, of
the net total assessed valuation of all taxable property within the Town of Avon for the
year 2008.
Section 3. That the Mayor is hereby authorized and directed to immediately
certify to the County Commissioners of. Eagle County, Colorado, the mill levies for the
Town of Avon as hereinabove determined and set.
0.