HomeMy WebLinkAboutResolution-2003-0031
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RESOLUTION NO. 31
Series of 2003
TITLE:
A RESOLUTION LEVYING GENERAL PROPERTY
TAXES FOR THE YEAR OF 2003, TO HELP DEFRAY THE
COSTS OF GOVERNMENT FOR THE CITY OF WHEAT
RIDGE, COLORADO FOR THE 2004 BUDGET YEAR
WHEREAS, the City Council of the City of Wheat Ridge adopted the 2004 annual
budget on September 8, 2003 in accordance with the Local Government Budget Law, and,
WHEREAS, the amount of money necessary to balance the budget for gcneral operating
purposes from real property tax revenue IS $684,343, and;
WHEREAS, the Local Government Budget Law requires certification ofthe annual
property tax mill levy by December l5, 2003, and.
WHEREAS, the total net assessed valuation of all taxable property subject to taxatIOn
for the year of 2003 is $378,927,670 and,
WHEREAS, the City for the fiscal year 2003 has determined to levy 1.860 mllls on all
taxable property withm the CIty; and
WHEREAS, such levy will cause the revenues to the City to exceed the limitations set
forth in Section 20 of Article X of the Constitution of Colorado (The Taxpayers Bill of Rights)
TABOR by approximately $20,462; and
WHEREAS, the CIty has determined to comply with the TABOR property tax revenue
limit by applying a temporary mill levy reduction of 0 054 mills to the current mill levy of 1 860
mills on all taxable property within the City;
NOW, THEREFORE BE IT RESOLVED BY THE CITY COllNCIL OF THE
CITY OF WHEAT RIDGE:
A. That for the purpose of meeting all general operating expenses of the City of
Wheat Ridge during the 2004 budget year, there IS hereby levied a tax of l.806
mills, after a temporary mill levy reduction of 0 054 mills, placed upon each
dollar of the total valuation of all taxable property within the City of Wheat Ridge
for the year 2003.
B That the Mayor of the CIty of Wheat Ridge IS hereby authorIzed and dIrected to
Immediately certify to the County Commissioners of Jefferson County, Colorado
the mill levy for the City of Wheat Ridge as herein above determined and set.
DONE AND RESOLVED THIS '5{...... day of KJ f'(< P 1M b -"; ~03.