HomeMy WebLinkAbout114 - 10/16/1990 - DETERMINING AND FIXING THE MILL LEVY FOR THE AD VALOREM TAX FOR THE DOWNTOWN DEVELOPMENT AUTHORITY F ORDINANCE NO. 114, 1990
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 1991 AND RELATING TO THE ANNUAL
APPROPRIATIONS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 1991 AND
ENDING DECEMBER 31 , 1991 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 August 2, 1990, the Board of Directors of the Downtown
Development Authority met to adopt a 1991 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 THIRTEEN THOUSAND NINE HUNDRED
NINETY-TWO DOLLARS (E213,992) 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 3.86 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 THIRTEEN
THOUSAND NINE HUNDRED NINETY-TWO DOLLARS ($213,992) for operations and
maintenance for the fiscal year ending December 31, 1991 .
Section 2. That there is hereby levied a tax of 3.86 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, 1991, which levy represents the amount of taxes for the Downtown
Development Authority. Said mill levy of 3.86 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 2nd day of October, A.D. 1990 and to be presented for final
passage on the 16th day of October, A.D. 1990.
Mayor
ATTEST:
i\
City Clerk
Passed and adopted on final reading this 16th day of October, A.D.
1990.
Mayor
ATTEST:
City Clerk