HomeMy WebLinkAbout141 - 10/18/1988 - DETERMINING AND FIXING THE MILL LEVY FOR THE DOWNTOWN DEVELOPMENT AUTHORITY FOR 1989 AND RELATING TO ORDINANCE NO. 141, 1988
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 1989
AND RELATING TO THE ANNUAL APPROPRIATIONS FOR
THE FISCAL YEAR BEGINNING JANUARY 1, 1989
AND ENDING DECEMBER 31, 1989 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 1, 1988, the Board of Directors of the Downtown
Development Authority met to adopt a 1989 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 of 3.55 mills on the valuation for assessment of property in the
Downtown Development Authority District; and
WHEREAS, the Council of the City of Fort Collins approved the 1989
budget of the Fort Collins Downtown Development Authority by Resolution
88-165; and
WHEREAS, it is the desire of the Council of the City of Fort Collins
to appropriate the sum of TWO HUNDRED TWENTY-SEVEN THOUSAND FIVE HUNDRED
FORTY-NINE DOLLARS ($227,549) for Operations and Maintenance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1 . That there is hereby levied a tax of 3.55 mills upon each
dollar of the assessed valuation of all property within the Downtown
Development Authority District for the fiscal year ending December 31,
1989. Said mill levy of 3.55 mills 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.
Section 2. That there is hereby appropriated for expenditure in the
DOA fund the sum of TWO HUNDRED TWENTY-SEVEN THOUSAND FIVE HUNDRED
FORTY-NINE DOLLARS ($227,549) for operations and maintenance for the fiscal
year ending December 31, 1989.
Introduced, considered favorably on first reading, and ordered
published this 4th day of October, A.D. 1988 and to be pre ented for final
passage on the 18th day of October, A.D. 1988.
Mayor
ATTEST:
Ci ty Clerk
Passed and adopted on final reading this 18th day of October, A.D.
1988.
May r
TTEST:
Ci Clerc