HomeMy WebLinkAbout157 - 11/15/1994 - RELATING TO THE ANNUAL APPROPRIATIONS AND APPROVING THE BUDGET OF THE DOWNTOWN DEVELOPMENT AUTHORITY ORDINANCE NO. 157, 1994
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING THE ANNUAL APPROPRIATION ORDINANCE
RELATING TO THE ANNUAL APPROPRIATIONS
AND APPROVING THE BUDGET OF THE
DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 1995, AND ENDING DECEMBER 31, 1995,
AND FIXING THE MILL LEVY FOR THE DOWNTOWN DEVELOPMENT AUTHORITY
WHEREAS, the Fort Collins Downtown Development Authority has been duly
organized in accordance with Section 31-25-804, C.R.S. ; and
WHEREAS, on October 6, 1994, the Board of Directors of the Downtown
Development Authority, under the provisions of Section 31-25-816, C.R.S., adopted
a budget for the fiscal year ending December 31, 1995, and determined 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 City of Fort Collins recommends that the Downtown Development
Authority appropriate THREE HUNDRED FOUR THOUSAND SEVEN HUNDRED FIFTY-FIVE
DOLLARS ($304,755) for operations and Maintenance as provided by the
aforementioned budget; 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 of 4.05 mills
upon each dollar of assessed valuation of all taxable property in the Downtown
Development Authority District; and
WHEREAS, Section 39-5-128(1) , C.R.S. , requires certification of any tax
levy to the Board of County Commissioners no later than December 15, 1994.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS:
Section 1. That the budget for the Downtown Development Authority be, and
it hereby is, approved for the fiscal year ending December 31, 1995, as follows:
Operating Expenses
Personal Services $32,615
Contractual 70,226
Commodities 2,100
Capital Outlay 154,394
Other 45.420
Total $304,755
Section 2. That there be, and hereby is, appropriated out of the revenues
of the Downtown Development Authority for the fiscal year beginning January 1,
1995 and ending December 31, 1995, the sum of THREE HUNDRED FOUR THOUSAND SEVEN
HUNDRED FIFTY-FIVE DOLLARS ($304,755) , to be raised by taxation and otherwise,
to be expended for the authorized purposes of the District.
Section 3. That the mill levy rate for the taxation upon each dollar of
the assessed valuation of all taxable property within the Downtown Development
Authority District for the fiscal year ending December 31, 1995, shall be 4.05
mills, which levy represents the amount of taxes for the District purposes to
provide for payment during the aforementioned budget year of all properly
authorized expenditures to be incurred by the District. Said mill levy shall be
certified to the County Assessor and the Board of County Commissioners of Larimer
County, Colorado by the City Clerk as provided by law.
Introduced, considered favorably on first readin and ord
( ered ublished
this 18th day of October, A.D. 1994, and to be prese o final age on the
15th day of November, A.D. 1994.
1
ayor
ATTEST:�T�
City Clerk
Passed and adopted on final reading this 15th y of Novemb A.D. 1994.
ATTEST:
v, � City Clerk