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TC Res. No. 2008-46 Levying general property taxes for the year 2008 to help defray the costs of governement for the avon metropolitan districtTOWN O AVON, COLORADO RESOLUTION NO. 08-46 SERIES OF 2008 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2008, TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE AVON METROPOLITAN DISTRICT, AVON, COLORADO, FOR THE 2009 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 11, 2008; and WHEREAS, the amount of money to balance the Avon Metropolitan District Fund budget for bonds and interest is $449,503; and WHEREAS, the 2008 net total assessed valuation for the Avon Metropolitan District as certified by the County Assessor is $182,814,257. 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 Avon Metropolitan District during the 2009 budget year there is levied a tax of 2.705 mills upon each dollar of the net total assessed valuation of all taxable property within the Avon Metropolitan District for the year 2008. 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 11th day of November, 2008. TOWN OF AVON, COLORADO - Ronald C. Wolfe Mayor ATT C L-r Patt c envy To Cl k Resolution No. 08-46 08 AMD Mill Levy Page 2 of 2