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ORDINANCE NO. 8793
AN ORDINANCE LEVYING AND CERTIFYING THE
SOUTHPOINTE SPECIAL IMPROVEMENT MAINTENANCE
DISTRICT PROPERTY TAX MILL LEVY MADE IN 2014 FOR
THE 2015 BUDGET YEAR
WHEREAS, the SouthPointe Special Improvement Maintenance District’s budget for
fiscal year 2015 has been prepared and approved, and
WHEREAS, the 2014 net assessed valuation of all taxable property in the SouthPointe
Special Improvement Maintenance District as certified by the Pueblo County Assessor is
$3,614,444, and
WHEREAS, the maximum allowed property tax revenue for the fiscal year 2015
pursuant to section 20(7) of Article X of the Colorado Constitution is estimated to be $18,072;
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 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 2015.
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 2014 fiscal year spending. All 2014
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.
The officers and the staff of the City are directed and authorized to perform any and all
acts consistent with the intent of this Ordinance to effectuate the policies and procedures
described herein.
SECTION 6.
This Ordinance shall become effective upon final passage.
INTRODUCED: November 10, 2014
BY: Chris Nicoll
PASSED AND APPROVED: November 24, 2014
City Clerk’s Office Item # R-3
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: November 10, 2014
TO: Vice President Ami Nawrocki and Members of City Council
CC: Sam Azad, City Manager
VIA: Gina Dutcher, City Clerk
FROM: Sam Azad, City Manager
SUBJECT: AN ORDINANCE LEVYING AND CERTIFYING THE SOUTHPOINTE SPECIAL
IMPROVEMENT MAINTENANCE DISTRICT PROPERTY TAX MILL LEVY
MADE IN 2014 FOR THE 2015 BUDGET YEAR
SUMMARY:
The attached 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 2015 budget.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
The City Council as the governing body of the Southpointe Special Improvement Maintenance
District, for the purpose of meeting maintenance expenses of the District through this
Ordinance sets and levies a tax of 5.000 mills upon taxable real property located within the
SouthPointe Special Improvement Maintenance District.
FINANCIAL IMPLICATIONS:
By approval of the voters within the District, the levy is fixed at 5.000 mills. It is estimated to
generate $ 18,072 in property taxes on an assessed valuation of $3,614,444.
BOARD/COMMISSION RECOMMENDATION:
Approval of this Ordinance.
STAKEHOLDER PROCESS:
The SouthPointe Special Improvement Maintenance District Advisory Committee met on
September 11, 2014 to discuss the 2015 operations and budget of the District. The Advisory
Committee recommended the mill levy remain at 5.000 mills for 2014 collected in 2015.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of this Ordinance.
Attachments:
Proposed Ordinance.