HomeMy WebLinkAboutbocc.res.234.2002 PITKIN COUNTY
BOARD OF COUNTY COMMISSIONERS
RESOLUTION #,�5 y 2002
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2002,
TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE COUNTY OF PITKIN
COLORADO, AND ITS SPECIAL DISTRICTS FOR THE 2003 BUDGET YEAR
1) The assessed valuation for county-wide Pitkin County grew 1.6% as defined by the County
Assessor's 2002 appraisal of all new real property as described by the existing state property tax law. This
assessed valuation is applied to the mill levy for each county taxing entity or fund listed, to determine the
property tax herein; and
2) In conformance with the mill levy limitation in Colorado State Constitution Article X, Section 20,
(commonly known as Amendment One), Pitkin County gross mill levy total for 2002 does not exceed the
gross mill levy total for 2001; except where mill levy adjustments were made due to loss of prior year
property tax revenues from tax abatements, where voter approval on November 9, 1999 increased the
Open Space fund mill levy to 3.75, were voter approval on November 5, 2002 increased the Health and
Human service and non-profit mill levy, and where pre-existing debt service commitments require a change
in the property tax collected to pay specific debt payments scheduled for 2003; and
3) A temporary mill levy reduction is necessary to avoid collection of excess revenue under Colorado
State Constitution, Article X, Section 20, and the Colorado Legislature has determined that either a
temporary property tax credit or a temporary mill levy rate reduction is a reasonable method for setting
annual mill levies and effecting property tax refunds in accordance with Section 20 of Article X of the State
Constitution, C.R.S. section 39-1-111.5; and
4) C.R.S. section 39-1-111.5 authorizes a local government to certify a refund in the form of a
temporary property tax credit or a temporary mill levy rate reduction, provided that the certification includes
the gross mill levy, the temporary property tax credit or temporary mill levy rate reduction expressed in mill
levy equivalents, and the net mill levy and under C.R.S. section 39-1-111.5(4), the Assessor shall,
concurrent with delivery of tax warrants to the Treasurer, itemize duly certified temporary property tax credits
or temporary mill levy rate reductions in the manner set forth in C.R.S. section 39-1-111.5(2), and under
C.R.S. section 39-1-111.5(5)the tax statements shall indicate by footnote which local government mill levies
reflect a temporary property tax credit or temporary mill levy rate reduction for the purpose of effecting a
refund.
5) The 2002 valuation of assessment, as certified by the County Assessor on December 10, 2002,
and the amount of money necessary to balance the budget for each county fund are listed in the attached
table on page 2.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin County,
Colorado that for the purpose of balancing the 2003 budget, the following taxes are hereby levied upon each
dollar of the total valuation for assessment of all taxable property within the taxing districts shown below for
the year 2002; that a temporary mill levy rate reduction is authorized; and that the individual mill levies are
expressed in terms of the gross mill levy, the temporary mill levy rate reduction shown in mill levy
equivalents, and the net mill levy as shown in Exhibit A:
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2002 2002
Assessed Net 2003
Taxing District and Fund Valuation Mill Levy Property Tax
PITKIN COUNTY
General Fund $ 1,799,987,440 2.231 $ 4,015,772
Road & Bridge Fund 1,799,987,440 0.168 302,398
Social Services Fund 1,799,987,440 0.000 0
Human Services and Other Grants 1,799,987,440 0.463 833,394
TV& FM Translator 1,799,987,440 0.265 476,997
Open Space&Trails Fund 1,799,987,440 3.773 6,791,353
County General Obligation Fund 1,799,987,440 0.290 521,996
Aspen Library Fund 1,671,864,680 1.072 1,792,239
Aspen Ambulance District Fund 1,306,339,360 0.209 273,025
$ 15,007,174
Twining Flats GID Fund 2,607,330.0 0.788 $ 2,055
Holland Hills GID fund 3,148,890.0 4.000 12,596
Redstone ranch Acres GID 1,647,640.0 4.108 6,769
$ 21,419
INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING AT THE
REGULAR MEETING ON THE 10TH DAY OF DECEMBER, 2002.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE 6TH
DAY OF DECEMBER, 2002.
APPROVED AND ADOPTED AFTER SECOND READING AND PUBLIC HEARING
ON THE 18TH DAY OF DECEMBER, 2002.
PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 27TH DAY OF
CEMBER, 2
7'
ATT ST: BOA OF COUNTY COMMISSIONERS
iahette Jones Patti Kay Clapp r, Chairperson
Deputy Clerk & Re order
(also acting as the Board of Directors of the Aspen
Ambulance District, and Redstone Ranch Acres, Twining
Flats, and Holland Hills General Improvement Districts)
Date: 6 1--l 3 -0 3
APPROVED AS TO FORM: MA�AGER APP OVAL:
John rEl Hilary F et er Smith
orney County anager
APPROVED AS TO CONTENT: RECOMMENDED FOR APPROVAL:
214 b✓
Debe Nelson Tom Oken
Finance Director Administrative Services Director
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