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Town Council Resolution 32 2015SNOWMASS VILLAGE TOWN COUNCIL RESOLUTION NO. 32 SERIES OF 2015 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2016 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 THE CONTRIBUTION TOWARDS THE DROSTE PROPERTY PURCHASE FOR THE 2096 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 November 9, 2015; and WHEREAS, the amount of money necessary to balance the 2016 budget for general operating expenses is $374,368; 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 $1,084,392; and WHEREAS, the amount of money necessary to fund the Road Mill Levy Fund is $2,450,050 and WHEREAS, the amount necessary to fund the Droste Property purchase by Pitkin County is $500,300; and WHEREAS, the 2015 valuation for assessment for the Town of Snowmass Village, Colorado. as certified by the County Assessor is $490,010,040. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Snowmass Village, Colorado: Section One: Action That for the purposes of meeting all general operating expenses of the Town of Snowmass Village during the 2016 budget year, there is 15-32 Page 2 hereby levied a tax of .768 mills less a temporary mill levy reduction of .004 for a net mill levy of .764 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2016, 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 2,213 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2016. 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 2016. 4. That for the purpose of funding the Droste property purchase by Pitkin County in the General Fund, there is hereby levied a tax of 1.021 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2016. 5. That for the purpose of receiving taxes abated and refunded, there is hereby levied a tax of .238 upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2016 to receive $116,622. 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 7th day of 15-32 Page 3 December, 2015, with a motion by Council Member Sirkus, and seconded by Council Member Madsen. The motion was approved by a vote of 5 in factor to 0 opposed. TOWN-qF SNOWMASS VILLAGE Markey Butler,. ay r c AT, T: Rhonda Coxon, Town Clerk