HomeMy WebLinkAbout126 - 10/15/1985 - DETERMINING AND FIXING THE MILL LEVY FOR DOWNTOWN DEVELOPMENT AUTHORITY FOR 1986 ORDINANCE NO. 126, 1985
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE DETERMINING AND FIXING THE
MILL LEVY FOR THE FORT COLLINS DOWNTOWN DEVELOPMENT
AUTHORITY FOR FISCAL YEAR 1986
WHEREAS, the Fort Collins Downtown Development Authority has been d::ly
organized in accordance with 31-25-804, Colorado Revised Statutes 1973, as
amended; and
WHEREAS, on September 26, 1985, the Board of the Downtown Development
Authority met to adopt a 1986 budget and to determine the mill levy
necessary to provide for payment during the ensuing budget year of all
properly authorized demands against the Downtown Development Authority; and
WHEREAS, the Board of the Downtown Development Authority has
recommended to the Council of the City of Fort Collins adoption of a mill
levy rate of five (5) mills on the valuation for assessment of property in
the Downtown Development Authority District.
NOW, THEREFORE, BE 1T ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the mill levy rate for taxation upon all the taxable property
within the Downtown Development Authority District for the fiscal year
ending December 31, 1986, shall be five (5) mills, which levy represents
the amount of taxes for the Downtown Development Authority. Said mill levy
shall be distributed as follows: General expense - 5 mills being a total
of 5 mills, which levy as so distributed shall be certified to the Board of
County Commissioners of Larimer County, Colorado, by the City Clerk as
provided by law.
Introduced, considered favorably on first reading, and ordered
published this lst day of October, A.D. 1985 and to be presented for final
passage on the 15th day of October, A.D. 1985.
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UC�it.GL
ATTEST:
City Clerk
Passed and adopted on final reading this 15th day of October, A.D.
1985.
Mayor
ATTEST:
City Clerk