HomeMy WebLinkAbout135 - 11/05/1996 - RELATING TO ANNUAL APPROPRIATIONS AND APPROVING BUDGET OF DOWNTOWN DEVELOPMENT AUTHORITY FOR 1997 FI ORDINANCE NO. 135, 1996
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, 1997, AND
ENDING DECEMBER 31, 1997, 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 3, 1996, 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, 1997, 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, it is the desire of the Council of the City of Fort Collins to approve said budget
of the Downtown Development Authority and to appropriate the sum of THREE HUNDRED
SEVENTY THOUSAND SEVENTY-NINE DOLLARS ($370,079) for operation and maintenance
of the Downtown Development Authority for the fiscal year beginning January 1, 1997 and ending
December 31, 1997; 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, 1996.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS:
Section 1. That there be, and hereby is, appropriated out of the revenues of the Downtown
Development Authority for the fiscal year beginning January 1, 1997 and ending December 31, 1997,
the sum of THREE HUNDRED SEVENTY THOUSAND SEVENTY-NINE DOLLARS
($370,079), to be raised by taxation and otherwise, to be expended for the authorized purposes of
the District.
Section 2. 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, 1997, 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 Latimer County, Colorado by the City Clerk
as provided by law.
Introduced, considered favorably on first reading, and ordered published Shis 15th day of
October, A.D. 1996, and to be presented for final passage on the th day of ember, A.D. 1996.
-Mayor
4ATTES /
y C rk
Passed and adopted on final reading this 5th day of NovenYb-�— A.D. 1996.
Mayor /
L
ATTEST:
City Clerk