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City Clerk's Office Item # R3
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 SOUTHPOINTE
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 property tax within the SouthPointe
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 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 mils. It is
estimated to generate $38,592 in property taxes on an assessed valuation of
$7,718,372.
BOARD/COMMISSION RECOMMENDATION:
Approval of this Ordinance.
STAKEHOLDER PROCESS:
The Southpointe 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 for 2024 to be
collected in 2025.
ALTERNATIVES:
Not applicable.
RECOMMENDATION:
Approval of this Ordinance.
ATTACHMENTS:
None
ORDINANCE NO. 10840
AN ORDINANCE LEVYING AND CERTIFYING THE
SOUTHPOINTE SPECIAL IMPROVEMENT MAINTENANCE
DISTRICT PROPERTY TAX MILL LEVY MADE IN 2024 FOR
THE 2025 BUDGET YEAR
fiscal year 2025 has been prepared and approved, and
WHEREAS, the 2024 net assessed valuation of all taxable property in the SouthPointe
Special Improvement Maintenance District as certified by the Pueblo County Assessor is
$7,718,372, and
WHEREAS, the property tax revenue for the fiscal year 2025 is estimated to be $38,592;
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.
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.
nding. All 2025
year- and all subsequent
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 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