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HomeMy WebLinkAbout1987-173-11/17/1987-DEFEATED RESOLUTION 87-173 OF THE COUNCIL OF THE CITY OF FORT COLLINS FIXING THE MILL LEVY FOR THE FISCAL YEAR ENDING DECEMBER 31, 1988 PURSUANT TO THE PROVISIONS OF ARTICLE V OF THE CITY CHARTER WHEREAS, on October 6, 1987, the Council of the City Fort Collins passed and adopted Resolution 87-148, which resolution opted the City budget and set the mill levy for the fiscal year ending ecember 31, 1988; and WHEREAS, the mill levy rate set in that resolution/ for all the taxable property within the corporate limits of the City of Fort Collins for the fiscal year ending December 31, 1988, was 7.663 mils; and WHEREAS, the State of Colorado Division of Local Government has notified the City of Fort Collins that the mill levy for the City can be adjusted to a slightly higher rate which would provide additional monies for the payment of all properly authorized demands against the City in Fiscal Year 1988; and WHEREAS, the Council of the City,of Fort Collins deems it in the best interest of the citizens of the Cit ' to adjust the mill levy for 1988 to provide additional money for the vision of quality basic services to those citizens. NOW, THEREFORE, BE IT RES LVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the mill levy to for the taxation upon all the taxable property within the corpora limits of the City of Fort Collins for the fiscal year ending Decembe 31, 1988, shall be 7.989 mills, which levy represents the amount of xes for City purposes necessary to provide for payment during the ensui budget year of all properly authorized demands against the City. Said ill levy shall be distributed as follows: General Fund 0 & . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 .777 mills Parks 0 & M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0.661 mills Poudre Fire Au ority Contribution. . . . . . . . . . . . . . . .3.996 mills Fire Pension und(Gen. Fund Unfunded Liab. 0. 152) .0.342 mills (PFA Employer Contrib. 0. 190) Parks Debt ervice. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.213 mills being a t al of 7.989 mills, which levy if so distributed shall be certified y November 20, 1987, to the County Assessor and the Board of County C mmissioners of Larimer County, Colorado, by the City Clerk as provide by law. /Passed and adopted at a regular meeting of the Council of the City of ForXCollins this 17th day of November, A.D. 1987. Mayor ATTEST: City Clerk (_"