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Home My WebLink About06610ORDINANCE NO. 6610 AN ORDINANCE LEVYING AND CERTIFYING THE CITY OF PUEBLO'S PROPERTY TAX MILL LEVY MADE IN 2000 FOR THE 2001 BUDGET YEAR AND APPROVING AND CERTIFYING TEMPORARY PROPERTY TAX CREDITS TO BE APPLIED THERETO WHEREAS, the City of Pueblo's budget for fiscal year 2001 has been prepared and approved in accordance with the provisions of Article 7 of the Charter of the City of Pueblo, and WHEREAS, the 2000 valuation for assessment of all taxable property in the City of Pueblo as certified by the Pueblo county Assessor is $520,921,610 and WHEREAS, the maximum allowed property tax revenue for fiscal year 2001 pursuant to section 20 (7)(c) of Article X of the Colorado constitution is estimated to be $7,738,730. 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 2001 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 1999 excess property tax revenue in the amount of $17,759 there is hereby approved and certified a temporary property tax credit expressed in mill levy equivalents of .034 mills. SECTION 3. A temporary property tax credit expressed in mill levy equivalents of .777 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 2001. 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 - .811 mills Net Mill Levy - 14.822 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. ATTEST: Cit lerk INTRODUCED: November 13, 2000 By Al Gurgle Council Member APP O�%ED: President of City Council PASSED AND APPROVED: November 27. 2000 SEF 27 '99 11:02AM P.4 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) 521,137, 410 GROSS assessed valuation of $ Submitted this date: December 8, 2000 PURPOSE LEVY REVENUE 1. General operating expenses [This includes 15.633 mills $ 8,146, 941 fire pension, if applicable.] 2. (MINUS) Temporary property tax credit/ Temporary mill levy rate reduction 39.1- 111.5, C.R.S. ( .811 mills t $( 422,642 ) $ IF THE CREDIT DOES NOT APPLY TO the General Operating Expenses levy PLEASE INDICATE HERE THE LEVY TO WHICH THE CREDIT APPLIES: SUBTOTAL 14.822 mills $ 7,724,299 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.] mills a. Contractual obligations approved at election mills 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 through approval from the Division ofLocal Oovcn:trttcnt 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 $ 1 These revenues are for purposes not indicated above in #I through #6 and are not subject to the statutory property tax revenue limit.] TOTAL 14.822 mills $ 7,724,299 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: B illy G. M Daytime phone: 719 584 -0845 Signed: Director of Finance Sexed a completed copy of this form to the Division of Local Government, Room 521,1313 Sherman Street, Denver, Colorado 80203, (303) 866 -2156. Page 1 of 2 FORM DLG 70 (Rev. 8/99) DEC be ' Ob 09: 48AM P.1 PUEBLO COUNTY CERTIFICATION OF VALUATION December 05, 2000 City of Pueblo Use the following information for Statutory Calculation (5.5% Limit) Only In aceordaacc with (39 5•!21(2) and 128(1), C.R.S.), the total assessed valuation for the tax year 2000 is: Previous ear's net total assessed valuation $ 507,411,650 Current car's GROSS assessed valuation $ 523 717,120 Tiff District increment if an $ 2,579,710 Current ear's NET assessed valuation $ 311 New construction S 14148 898 Increased production of p roducing mines S 0 AnnexationVInclusions $ 52,420 Previous! y exempt Federal Property $ 0 Now primary oil or gas production from any oil and Gas leasehold or land (29-1-301(1)Lb), C.R.S." $ 0 Taxes collected Iast year on omitted property as of August 1 (39.10- 114(1)(a)(1)(B), C.R.S.) $ 0 Taxes abated and refunded as of August 1 (29- 1- 301(1)(a), C.R.S.) and (39 -10- 114 l a I B , C.R.S. $ 49,724.60 $1).13 1 � Use the following information for "Tub-o Local Growth" calculation only In accordance with the provisions of Article X, Section 20 C.R.S., the ACTUAL VALUATION for tax year 2000 is: Current ear's value of all Real Property" $ 3,508,504,679 Additions to taxable Real Proper Construction of taxable Real ProRertX Im rovements 27 S 88 023,258 Annexations/Inclusions $ 180 725 Increases in Mining Production $ 0 Previously Excm t Property $ 938,393 Oil or Gas Production from a new well $ 0 Taxable Real Property Omitted from the provious ear's tax warrant $ 536,182 Deletions from taxable Real Propert Destruction of taxable Real Property Improvements $ 1 517 180 Disconnections/Exclusions $ 0 Prcyiously taxable piroperty 197,324 No later than August 25, the Assessor shall certify the 191al Actual Value of all axable PrORertyto School Districts, (39- 5- 128(1), C.R.S.) $ 3,630,524,470 All levies MUST be certified to the Board of County Commissioners No later than December 15. u This value reflects personal property oxcmptions if enacted by the jurisdiction as authorized by Article 10, Scctioa 20(8)(b), C.R.S. " Ncw construction is defined as taxable Real Property structures and the Personal Property connected with the structure. " Jurisdiction must submit a certification (Form DLG 52 and 52A) to the Division of Local Government in order for the values to be counted as growth in the calculation. "Jurisdiction must apply (Form DLG 528) to the Division of Local Government before the value can be counted as growth in the calculation. z6 This includes the actual value of all taxible real property plus the actual value of all tax- exempt properties. 37 Construction is defined as newly constructed taxable real property structures 11 Includes production from new mines and increases in production on existing producing mines.