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Town Council Resolution 25 2013SNOWMASS VILLAGE TOWN COUNCIL RESOLUTION NO. 25 SERIES OF 2013 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2014 TO HELP DEFRAY THE COST OF GOVERNMENT FOR THE TOWN OF SNOWMASS VILLAGE, COLORADO; AND TO PAY GENERAL OBLIGATION BOND PRINCIPAL, INTEREST AND RELATED COSTS; AND FOR THE TOWN'S ROAD IMPROVEMENT PROGRAM; AND FOR TRANSPORTATION SERVICES AND THE CONTRIBUTION TOWARDS THE DROSTE PROPERTY PURCHASE FOR THE 2014 BUDGET YEAR. WHEREAS, the Town Council of the Town of Snowmass Village has adopted the annual budgets in accordance with the Local Government Budget Law on October 21, 2013; and WHEREAS, the amount of money necessary to balance the 2014 budget for general operating expenses is $356,031; and WHEREAS, the amount of money necessary to pay General Obligation Bond principal, interest and related costs for the Droste Conservation Easement, Recreation Center and the Community Swimming Pool is $1,084,798; and WHEREAS, the amount of money necessary to fund the Road Mill Levy Fund is $2,386,269 and WHEREAS, the amount necessary to help fund General Fund Transportation costs is $357,463; and WHEREAS, the amount necessary to fund the Droste Property purchase by Pitkin County is $200,447; and WHEREAS, the 2013 valuation for assessment for the Town of Snowmass Village, Colorado, as certified by the County Assessor is $477,253,780. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Snowmass Village, Colorado: Section One: Action 1. That for the purposes of meeting all general operating expenses of the Town of Snowmass Village during the 2014 budget year, there is 13-25 Page 2 hereby levied a tax of .768 mills less a temporary mill levy reduction of .022 for a net mill levy of .746 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2014. 2. That for the purpose of paying General Obligation Bond principal, interest and related costs for the Droste Conservation Easement, Recreation Center and the Community Swimming Pool, there is hereby levied a tax of 2.273 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2014. 3. That for the purpose of funding the Road Mill Levy Fund, there is hereby levied a tax of 5.000 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2014. 4. That for the purpose of funding Transportation Services in the General Fund, there is hereby levied a tax of .749 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2014. 5. That for the purpose of funding the Droste property purchase by Pitkin County in the General Fund, there is hereby levied a tax of .420 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2014. 6. That for the purpose of receiving taxes abated and refunded, there is hereby levied a tax of .073 upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2014 to receive $34,840. 7. That the Finance Director is hereby authorized and directed to immediately certify to the County Commissioners of Pitkin County, Colorado, the mill levies for the Town as hereinabove determined and set. INTRODUCED, READ AND ADOPTED on the first reading by the Town Council of the Town of Snowmass Village, Colorado on the 9th day of 13-25 Page 3 December, 2013, with a motion by Jason Haber, and seconded by Fred Kucker. The motion was approved by a vote of 5 in favor to 0 opposed. N OF SNO gYVMASS VILLAGE Bill Boineau, Mayor AT T: Rhonda Coxon, Town Clerk