HomeMy WebLinkAbout135 - 10/17/1989 - DETERMINING AND FIXING THE MILL LEVY FOR THE AD VALOREM TAX FOR THE DOWNTOWN DEVELOPMENT AUTHORITY F ORDINANCE NO. 135, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE DETERMINING AND FIXING
THE MILL LEVY FOR THE AD VALOREM TAX FOR THE
FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY FOR
FISCAL YEAR 1990 AND RELATING TO THE ANNUAL
APPROPRIATIONS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 1990 AND
ENDING DECEMBER 31, 1990 IN THE
DOWNTOWN DEVELOPMENT AUTHORITY FUND
WHEREAS, the Fort Collins Downtown Development Authority has been duly
organized in accordance with Section 31-25-804, C.R.S. ; and
WHEREAS, on. September 7, 1989, the Board of Directors of the Downtown
Development Authority met to adopt a 1990 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, it is the desire of the Council of the City of Fort Collins
to appropriate the sum of TWO HUNDRED FIFTEEN THOUSAND ONE HUNDRED
TWENTY-FOUR DOLLARS ($215,124) 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 3.675 mills upon each dollar of assessed valuation of all taxable
property in the Downtown Development Authority District.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS:
Section 1 . That there is hereby appropriated for expenditure in the
Downtown Development Authority fund the sum of TWO HUNDRED FIFTEEN THOUSAND
ONE HUNDRED TWENTY-FOUR DOLLARS ($215,124) for operations and maintenance
for the fiscal year ending December 31, 1990.
Section 2. That there is hereby levied a tax of 3.675 mills upon each
dollar of the assessed valuation of all the taxable property within the
Downtown Development Authority District for the fiscal year ending December
31, 1990 shall be 3.675 mills, which levy represents the amount of taxes
for the Downtown Development Authority. Said mill levy of 3.675 shall be
distributed to General Expense, 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 3rd day of October, A.D. 1989 and to be presented for final
passage on the 17th day of October, A.D. 1989
Mayor
TTEST:
City Clerk
Passed and adopted on final reading this 17th -day of October, A.D.
1989.
D.tk-)
Mayor
TTEST:
City Clerk