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Background Paper for Proposed
ORDINANCE
DATE: AGENDA ITEM # R-6
NOVEMBER 11, 2013
DEPARTMENT:
OFFICE OF THE CITY MANAGER
SAM AZAD, CITY MANAGER
JENNY EICKELMAN, INTERIM DEPUTY CITY MANAGER
TITLE
AN ORDINANCE LEVYING AND CERTIFYING THE SOUTHPOINTE SPECIAL
IMPROVEMENT MAINTENANCE DISTRICT PROPERTY TAX MILL LEVY MADE IN
2013 FOR THE 2014 BUDGET YEAR
ISSUE
This Ordinance sets the mill levy for the property tax within the Southpointe Special
Improvement Maintenance District to be assessed and collected for use in the 2014
budget.
RECOMMENDATION
Approval of the Ordinance.
FINANCIAL IMPACT
The levy is set at 5.000 mills by approval of the voters within the District. It is estimated
to collect $17,384 of property tax on an assessed valuation of $3,476,884.
ORDINANCE NO. 8665
AN ORDINANCE LEVYING AND CERTIFYING THE
SOUTHPOINTE SPECIAL IMPROVEMENT
MAINTENANCE DISTRICT PROPERTY TAX MILL LEVY
MADE IN 2013 FOR THE 2014 BUDGET YEAR
WHEREAS, the Southpointe Special Improvement Maintenance District’s budget
for fiscal year 2014 has been prepared and approved, and
WHEREAS, the 2013 net assessed valuation of all taxable property in the
Southpointe Special Improvement Maintenance District as certified by the Pueblo
County Assessor is $3,476,884, and
WHEREAS, the maximum allowed property tax revenue for fiscal year 2014
pursuant to section 20(7)(c) or Article X of the Colorado Constitution is estimated to be
$17,384; NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City Council as the governing body of the Southpointe Special Improvement
Maintenance District, for the purpose of meeting maintenance and reserve expenses of
the District, does hereby make, set and levy a tax of 5.000 mills upon each dollar of the
total assessed valuation of all taxable real property located within the Southpointe
Special Improvement Maintenance District on the assessment date for fiscal year 2014.
SECTION 2.
The City Council of the City of Pueblo does hereby fix and certify to the County
Commissioners of Pueblo County, Colorado the following mill levy imposed by this
Ordinance upon each dollar of the total valuation for assessment of all taxable real
property located within the Southpointe Special Improvement Maintenance District on
the assessment date:
Gross Mill Levy 5.000 mills
SECTION 3.
The City Clerk is hereby directed to deliver a certified copy of this Ordinance,
together with a Certificate of Tax Levies, form DLG 70, properly completed by the
Director of Finance, to the County Commissioners of Pueblo County, Colorado, and the
Division of Local Government immediately after passage of this Ordinance.
SECTION 4.
All increases to the District’s net fund balance shall constitute and be considered
“reserve increases” and therefore a part of the district’s 2013 fiscal year spending. All
2013 year-end balances shall constitute and be considered “reserves” and all
subsequent expenditures and transfers from such reserves shall be excluded from the
district’s fiscal year spending within the meaning of Article X, Section 20 (2)(e) of the
Colorado Constitution.
SECTION 5.
This Ordinance shall become effective upon final passage.
INTRODUCED: November 11, 2013
BY: Ami Nawrocki
PASSED AND APPROVED: November 25, 2013