HomeMy WebLinkAboutResolution-2005-0057
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RESOLUTION NO. 57
Series of 2005
TITLE:
A RESOLUTION LEVYING A MILL LEVY OF 1.786 ON
GENERAL PROPERTY TAXES FOR THE YEAR OF 2005,
TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR
THE CITY OF WHEAT RIDGE, COLORADO FOR THE
2006 BUDGET YEAR
WHEREAS, the City Council of the City of Wheat Ridge adopted the 2006 annual
budget on October 10, 2005 in accordance with the Local Government Budget Law. and,
WHEREAS, the amount of money necessary to balance the budget for general operatmg
purposes from real property tax revenue IS $707,633, and,
WHEREAS, the Local Government Budget Law requires certdicatlOn of the annual
property tax mill levy by December 15,2005, and,
WHEREAS, the total net assessed valuatlon of all taxable property subject to taxatIOn
for the year of2005 IS $396,211,440 and,
WHEREAS, the City for the fiscal year 2005 has determined to levy 1 860 mills on all
taxable property wlthm the City; and
WHEREAS, such levy will cause the revenues to the City to exceed the limitations set
forth m SectIOn 20 of Article X of the ConstltutlOn of Colorado (The Taxpayers Bill of Rightsl
TABOR by approximately $29,320; and
WHEREAS, the City has determmed to comply with the TABOR property tax revenue
limit by applymg a temporary null levy reduction of 0074 mills for a total levy of 1. 786 mills on
all taxable property wlthm the City, and
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WHEAT RIDGE:
A. That for the purpose of meetmg all general operatmg expenses ofthe City of
Wheat Ridge durmg the 2006 budget year, there IS hereby leVied a tax of 1 786
mills, after a temporary mill levy reductIOn of 0074 mills, placed upon each
dollar of the total valuatlOn of all taxable property within the City of Wheat Ridge
for the year 2005
B That the Mayor of the City of Wheat Ridge IS hereby authorized and directed to
Immediately certify to the County CommisslOners of Jefferson County, Colorado
the mill levy for the City of Wheat Ridge as herem above determmed and set
DONE AND RESOLVED THIS / J-~day of ~ 2005
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Jerrk mr0lio, Mayor
ATTEST
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