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City Clerk's Office Item # R2
Background Paper for Proposed
Ordinance
COUNCIL MEETING DATE: November 25, 2024
TO: President Mark Aliff and Members of City Council
CC: Mayor Heather Graham
VIA: Marisa Stoller, City Clerk
FROM: Danny Nunn, Acting Director of Finance
Heather Graham, Mayor
SUBJECT: AN ORDINANCE LEVYING AND CERTIFYING THE BANDERA
BOULEVARD SPECIAL IMPROVEMENT MAINTENANCE DISTRICT
PROPERTY TAX MILL LEVY MADE IN 2024 FOR THE 2025 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 2025 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 $46,784 in property taxes on an assessed
valuation of $9,356,726.
BOARD/COMMISSION RECOMMENDATION:
Approval of this Ordinance.
STAKEHOLDER PROCESS:
The Bandera Boulevard Special Improvement Maintenance District Advisory Committee
met in October of 2024 to discuss the 2025 operations and budget of the District. The
Advisory Committee recommended the mill levy remain at 5.000 mills with no
temporary credit for 2024 to be collected in 2025.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of the Ordinance.
ATTACHMENTS:
None
ORDINANCE NO. 10839
AN ORDINANCE LEVYING AND CERTIFYING THE BANDERA
BOULEVARD SPECIAL IMPROVEMENT MAINTENANCE
DISTRICT PROPERTY TAX MILL LEVY MADE IN 2024 FOR
THE 2025 BUDGET YEAR
WHEREAS, the Bandera Boulevard Special Improvement Maintenance District's budget
for fiscal year 2025 has been prepared and approved, and
WHEREAS, the 2024 net assessed valuation of all taxable property in the Bandera
Boulevard Special Improvements Maintenance District as certified by the Pueblo County
Assessor is $9,356,726 and
WHEREAS, the tax revenue for the fiscal year 2025 is estimated to be $46,784; NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City 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 2025.
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 is hereby directed to deliver a certified copy of this Ordinance, together
with a Certificate of Tax Levies, from 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 2025 fiscal year spending. All 2025
year-end balance 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 (20)(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.
The 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 11, 2024.
Final adoption of Ordinance by City Council on November 25, 2024.
____________________________
President of City Council
Action by the Mayor:
Approved on _______________.
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 _____________
____________________________
President of City Council
ATTEST
________________________________
City Clerk