HomeMy WebLinkAbout172 - 11/16/1999 - APPROPRIATING OPERATING FUNDS AND APPROVING THE BUDGET OF THE DDA AND FIXING THE MILL LEVY FOR THE D ORDINANCE NO. l 72, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING OPERATING FUNDS AND APPROVING
THE BUDGET OF THE DOWNTOWN DEVELOPMENT AUTHORITY
FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2000, AND FIXING
THE MILL LEVY FOR THE DOWNTOWN DEVELOPMENT AUTHORITY
FOR FISCAL YEAR 2000
WHEREAS,the Fort Collins Downtown Development Authority(the"DDA")has been duly
organized in accordance with Section 31-25-804, C.R.S.; and
WHEREAS, on October 20, 1999,the Board of Directors of the DDA,under the provisions
of Section 31-25-816, C.R.S., adopted a budget for the fiscal year beginning January 1, 2000, and
determined the mill levy necessary to provide for payment during fiscal year 2000 of all properly
authorized expenditures to be incurred by the DDA; and
WHEREAS, it is the desire of the Council to approve said budget of the DDA and to
appropriate the sum of TWO HUNDRED EIGHTY-ON F?THOUSAND ONE HUNDRED SIXTY-
THREE DOLLARS ($281,163) for operation and maintenance of the DDA for the fiscal year
beginning January 1, 2000 and ending December 31, 2000, and
WHEREAS,the Board of the DDA has recommended to the Council a mill levy of 4.05 mills
upon each dollar of assessed valuation of all taxable property within the DDA District, such levy
representing the amount of taxes for DDA purposes necessary to provide for payment during the
ensuing fiscal year for all properly authorized expenditures to be incurred by the DDA; 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, 1999.
NOW, THEREFORE, BE IT ORDAINED BY fHF, COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the Council has reviewed the DDA's 2000 Recommended Budget, as
adopted by the Board of Directors of the DDA, and approves said budget, which is on file in the
Office of the City Clerk.
Section 2. That there be, and hereby is, appropriated out of the revenues of the DDA for the
fiscal year beginning January 1,2000 and ending December 31,2000,the sum of TWO HUNDRED
EIGHTY-ONE THOUSAND ONE HUNDRED SIXTY-THREE DOLLARS ($281,163), to be
raised by taxation and otherwise, to be expended for the authorized purposes of the DDA.
Section 3. That the 2000 mill levy rate for the taxation upon each dollar of the assessed
valuation of all taxable property within the DDA District as of December 31, 1999, 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 reading, and ordered published this 2nd day of
November, A.D. 1999, and to be presented for final passage on the 16th day of November, A.D.
1999.
i%
Ma),or
ATTEST:
f 1 �.
City Clerk
Passed and adopted on final reading this 16th day of November. A.D. 1999.
MaN or
ATTEST:
City Clerk