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HomeMy WebLinkAboutResolution-1975-0422 INTRODUCED BY COUNCILMAN Cavarra RESOLUTION NO. 422 Series of 1975 TITLE: RESOLUTION ADOPTING THE CITY BUDGET AND ESTABLISHING A MILL LEVY FOR THE PURPOSE OF DERIVING PROPERTY TAX REVENUES TO THE CITY OF WHEAT RIDGE FOR THE FISCAL YEAR 1976 WHEREAS, the City of Wheat Ridge Budget for the fiscal year 1976 has been established and a public hearing held thereon after due published notice; and WHEREAS, the budget provides for revenues and operating and capital expenditures in the total amount of $4,178,572 which includes $2,962,372 in the General Fund, $1,050,000 in the Capital Improvements Fund, and $166,200 in Special Funds; and WHEREAS, $376,339 of the General Fund Budget is estimated to be derived from ad valorem property taxes and the balance derived from other estimated revenue sources; NOW, THEREFORE, BE IT RESOLVED THAT: 1. The City of Wheat Ridge total Budget for the fiscal period beginning January 1, 1976, and ending December 31, 1976, be hereby approved and adopted. 2. The property tax mill levy for General Fund operating and capital purposes is hereby established at 4.8 mills and assessed against all real property within the City of Wheat Ridge for taxes to be collected in 1976 for the valuation year 1975. this DONE AND RESOLVED by a vote of 6 5th day of November, A.D. 1975. to o ') / () it: IN ATTEST: