HomeMy WebLinkAbout10328ORDINANCE NO. 10328
AN ORDINANCE LEVYING AND CERTIFYING THE BANDERA
BOULEVARD SPECIAL IMPROVEMENT MAINTENANCE
DISTRICT PROPERTY TAX MILL LEVY MADE IN 2022 FOR
THE 2023 BUDGET YEAR
WHEREAS, the Bandera Boulevard Special Improvement Maintenance District's budget
for fiscal year 2023 has been prepared and approved; and
WHEREAS, the 2022 net assessed valuation of all taxable property in the Bandera
Bouldvard Special Improvement Maintenance District as certified by the Pueblo County
Assessor is $7,960,981; and
WHEREAS, the tax revenue for the fiscal year 2023 is estimated to be $39,805; NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City Council Council as the governing body of the Bandera Boulevard 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 Bandera Boulevard Special
Improvement Maintenance District on the assessment date to meet the cost of maintenance and
reserve requirements for fiscal year 2023.
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 Bandera Boulevard Special Improvement Maintenance District on the assessment date:
Gross Mill Levy 5.000 mills
SECTION 3.
The City Clerk 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 2023 fiscal year spending. All 2023
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 authorized to perform any and all acts
consistent with the intent of this Ordinance to implement the policies and procedures described
herein.
SECTION 6.
This Ordinance shall become effective on the date of final action by the Mayor and City
Council.
Action by City Council:
Introduced and initial adoption of Ordinance by City Council on November 14, 2022.
Final adoption of Ordinance by City Council on November 28, 2022 .
President of City Council
Action by the Mayor:
☒ Approved on December 5, 2022 .
□ Disapproved on based on the following objections:
_
Mayor
Action by City Council After Disapproval by the Mayor:
□ Council did not act to override the Mayor's veto.
□ Ordinance re-adopted on a vote of , on
□ Council action on _______ failed to override the Mayor’s veto.
President of City Council
ATTEST
City Clerk
City Clerk's Office Item # R2
Background Paper for Proposed
Ordinance
November 14, 2022
COUNCIL MEETING DATE:
TO: President Heather Graham and Members of City Council
CC: Mayor Nicholas A. Gradisar
VIA: Marisa Stoller, City Clerk
FROM:
Nicholas Gradisar, Mayor
SUBJECT: AN ORDINANCE LEVYING AND CERTIFYING THE BANDERA
BOULEVARD SPECIAL IMPROVEMENT MAINTENANCE DISTRICT
PROPERTY TAX MILL LEVY MADE IN 2022 FOR THE 2023 BUDGET
YEAR
SUMMARY:
The attached Ordinance sets the mill levy for the property tax within the Bandera
Boulevard Special Improvement Maintenance District to be assessed and collected for
use in the 2023 budget.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
The City Council as the governing body of the Bandera Boulevard Special Improvement
Maintenance District, for the purpose of meeting maintenance and reserve expenses of
the District, through this Ordinance sets and levies a tax of 5.000 mills upon taxable
real property located within the Bandera Boulevard Special Improvement Maintenance
District.
FINANCIAL IMPLICATIONS:
By approval of the voters within the District, the levy is fixed at 5.000 mills. The mill
levy of 5.000 mills is estimated to generate $39,805 in property taxes on an assessed
valuation of $7,960,981.
BOARD/COMMISSION RECOMMENDATION:
Approval of this Ordinance.
STAKEHOLDER PROCESS:
The Bandera Boulevard Special Improvement Maintenance District Advisory Committee
met in October of 2022 to discuss the 2023 operations and budget of the District. The
Advisory Committee recommended the mill levy remain at 5.000 mills with no
temporary credit, for 2022 to be collected in 2023.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of this Ordinance.
ATTACHMENTS:
None