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HomeMy WebLinkAbout1979-46 Annual Mill Levy Ordinance to Provide the Levy, Assessment, and Collection of Town Ad Valorem Property Taxes for the 1980 Fiscal Year' • , ~i ORDINANCE NO. Series of 1979 ANNUAL MILL LEVY ORDINANCE TO PROVIDE THE LEVY, ASSESSMENT, AND COLLECTION OF TOWN AD VALOREM PROPERTY TAXES FOR THE 1980 FISCAL YEAR; AND SETTING FORTH DETAILS RELATING THERETO. WHEREAS, in accordance with Article IX of the Charter of the Town of Vail, Colorado, the Town Manager has prepared and submitted to the Town Council a proposed long-range capital program for the Town and a proposed budget and financial plan for all Town Funds and activities for the 1980 fiscal year; WHEREAS, public hearings on the proposed Town budget and capital program have begun; and WHEREAS, in accordance with the Statutes of the State of C: Colorado, the Town Council hereby sets the Mill Levy for the Town of Vail. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: Section 1. For the purpose of defraying part of the operating expenses of the Town of Vail, Colorado, during its 1980 fiscal year, the Town Council hereby levies a property tax of 3.40 mills upon each dollar of the total assessed valuation of $65,844,110 for the 1979 tax year of all taxable property within the Town, which will result in a gross tax levy of $223,89, said assessment having been duly made by the County of Eagle, State of Colorado, and directs the Finance Director to certify said tax levy to the County of Eagle for collection pursuant to Title 39, Colorado Revised Statutes (1973, as amended), and as otherwise required by law. Section 2. This ordinance shall take effect five days after publication following the final passage hereof. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 6th day of November, 1979, and a public hearing on this ordinance shall be held at the regular meeting of the Town Council of the Town of Vail, Colorado, on the 20th day of November, 1979, at 7:30 P.b4. in the Municipal Building of the Town. • ' Ordinance No. ATTEST: ,/./~ ~_ Page 2 i mayor 1 ~,--~ • F INTRODUCED ON SECOND READING, READ, APPROVED AND ORDERED PU6LISHED BY TITLE ONLY THIS ~ ~~ DAY OF 1jL~~Lf~i2'Z` ~'~~ , 1979. .-~ , .~- -f '''` - ~ Mayo r ATTEST: 3 / ~~~ Town Clerk i J