HomeMy WebLinkAbout06493ORDINANCE NO. 6493
AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF
PUEBLO'S PROPERTY TAX MILL LEVY MADE IN 1999 FOR
THE 2000 BUDGET YEAR AND APPROVING AND
CERTIFYING TEMPORARY PROPERTY TAX CREDITS TO BE
APPLIED THERETO
WHEREAS, the City of Pueblo's budget for fiscal year 2000 has been prepared and approved
in accordance with the provisions of Article 7 of the Charter of the City of Pueblo, and
WHEREAS, the 1999 valuation for assessment of all taxable property in the City of Pueblo
as certified by the Pueblo County Assessor is $507,627,760, and
WHEREAS, the maximum allowed property tax revenue for fiscal year 2000 pursuant to
section 20 (7)(c) of Article X of the Colorado constitution is estimated to be $7,347,822. NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
For the purpose of meeting the general operating expenses of the City of Pueblo (General
Fund) during the 2000 fiscal year there is hereby made, set and levied a tax of 15.633 mills upon
each dollar of the total valuation for assessment of all taxable property located within the City of
Pueblo on the assessment date.
SECTION 2
In order to effect a refund of 1998 excess revenue in the amount of $639,292 there is hereby
approved and certified a temporary property tax credit expressed in mill levy equivalents of 1.260
mills.
SECTION 3
A temporary property tax credit expressed in mill levy equivalents of 1.158 mills is hereby
approved and certified in order to meet the requirements of section 20(7)(c) of Article X of the
Colorado Constitution for fiscal year 2000.
SECTION 4
The City Council of the City of Pueblo does hereby 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 property located within the City of Pueblo on the
assessment date:
Gross Mill Levy
- 15.633 mills
Temporary Property Tax Credit - 2.418 mills
Net Mill Levy - 13.215 mills
SECTION 5
The City Clerk is hereby directed to prepare and deliver a certified copy of this Ordinance
together with Certificate of Tax Levies Form DLG 70 (Rev. 8/99) 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 6
This Ordinance shall become effective upon final passage.
INTRODUCED: November 8, 1999
ATTEST:
City rk
By Al Gurgle
Councilmember
APP V D:
President of the City Council
-2-
CERTIFICATION OF TAX LEVIES for NON - SCHOOL Governments
TO: County Commissioners of Pueblo County, Colorado. The City Council
(governing board)
of the City of Pueblo, Colorado hereby certifies the following mill levies to be extended upon the
(local government)
GROSS assessed valuation of $ 507, 627, 760 Submitted this date: 11/30/99
PURPOSE LEVY RE VENUE
General operating expenses (This includes
fire pension, if applicable,]
15.633 mills $ 7,935,745
2. (MINUS) Temporary property tax credit/
Temporary mill levy rate reduction
39- 1- 111.5, C.R.S.
( 2.418 mills t $( 1,227,444 )
$ IF THE CREDIT DOES NOT APPLY TO the General Operating Expenses levy PLEASE INDICATE HERE
THE LEVY TO WHICH THE CREDIT APPLIES:
SUBTOTAL
3. General obligation bonds and interest [Special Districts
must certify separately for each debt pursuant to 32- 1- 1603,C.R.S.; see
back of this form.)
4. Contractual obligations approved at election
13.215 mills
mills
mills
$ 6,708,300
5. Capital expenditures (These revenues are not subject to the mills $
statutory property tax revenue limit if they are approved by counties and
municipalities through public hearing pursuant to 29- 1- 301(1.2)C.R.S. and
for special districts throu�lt approval ftom the Division of Local_dovemment
pursuant to 29- 1- 302(1.5)C.R.S. or for any entity if approved at election
6. Refunds/Abatements
mills $
7. Other (specify): mills $
L These revenues are for purposes not indicated above in #1 through #6
and are not subject to the statutory property tax revenue limit.]
T OTAL 13.215 mills $ 6,708,300
NOTE: Certification must be carried to three decimal places only.
NOTE: If you certify to more than one county, you must certify the same levy to each county.
NOTE: If your boundaries extend into more than one county, please list all counties here:
Contact person: ; /I " . r C'V N Daytime phone: ( ^T ) c5 'Q 7 V
Signed: _ 1k. 41 Title D}< c t o r L 2 C'_ v c z
Send a completed copy o f this form to the Division of Local Government, Room 521, 1313 Sherman Street, Denver,
Colorado 80203, (303) 866 -2156.
FORM DLG 70 (Rev. 8199)