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Town Council Resolution 48 2010SNOWMASS VILLAGE TOWN COUNCIL RESOLUTION NO. 48 SERIES OF 2010 A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2011 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, FOR THE 2011 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 18, 2010; and WHEREAS, the amount of money necessary to balance the 2011 budget for general operating expenses is $325,978; and WHEREAS, the amount of money necessary to pay General Obligation Bond principal, interest and related costs for the Rodeo Property, Droste Conservation Easement, Recreation Center and the Community Swimming Pool is $1,406,041; and WHEREAS, the amount of money necessary to fund the Road Mill Levy Fund is $2,817,678 and WHEREAS, the amount necessary to help fund General Fund Transportation costs is $357,456; and WHEREAS, the amount necessary to fund the Droste Property purchase by Pitkin County is $200,064; and WHEREAS, the 2010 valuation for assessment for the Town o!f Snowmass Village, Colorado, as certified by the County Assessor is $699,522,750. 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 2011 budget year, there is hereby levied a tax of .768 mills less a temporary mill levy reduction of .302 for a net mill levy of .466 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2011. That for the purpose of paying General Obligation Bond principal, interest and related costs for the Rodeo Property, Droste Conservation Easement, Recreation Center and the Community Swimming Pool, there is hereby levied a tax of 2.010 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2011. 10-48 Page 2 3. That for the purpose of funding the Road Mill Levy Fund, there is hereby levied a tax of 4.028 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2011. 4. That for the purpose of funding Transportation Services in the General Fund, there is hereby levied a tax of .511 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2011. 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 .286 mills upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2011. 6. That for the purpose of receiving taxes abated and refunded, there is hereby levied a tax of .055 upon each dollar of the total valuation for assessment of all taxable property within the Town for the year 2011 to receive $38,474. 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 13th day of December, 2010, with a motion by Wilkinson, and seconded by Kucker. The motion was approved by a vote of 4 in favor to 0 opposed. Council Member Butler was absent. T F SNOW a LAGE Bill Boineau, Mayor ATTEST: Rhonda Coxon, Town Clerk