HomeMy Public PortalAboutResolution 2019-12-09 Levying Property Taxes to help defray the costs of Government TOWN OF FRASER
RESOLUTION NO. 2019-12-09
LEVYING PROPERTY TAXES TO HELP DEFRAY THE COSTS OF GOVERNMENT
FOR FRASER, COLORADO, FOR THE BUDGET YEAR 2020
WHEREAS, the Board of Trustees of the Town of Fraser has adopted the annual budget
in accordance with all Local Government Laws, on December 4, 2019; and
WHEREAS, the 2019 final valuation for Fraser, as certified by the County Assessor on
August 15, 2019, is $56,921,450.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Town of Fraser,
Colorado that:
SECTION 1. For the purpose of meeting all general operation expenses of the Town
during the 2020 Budget year, there is hereby levied a tax of 5.886 mills upon each and
every dollar of valuation for assessment of all properties within the Town of Fraser for
the year 2020. Based upon the August 15, 2019 final assessed valuation certification as
provided by the County Assessor, this would result in an amount of
$335,040.
SECTION 2. The Town Clerk is hereby authorized and directed to immediately certify
to the County Commissioners of the County of Grand, the mill levies for the Town of
Fraser as herein above described and fixed.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 4th DAY OF DECEMBER, 2019.
Votes in favor: BOARD OF TRUSTEES F THE
Votes opposed: TO OF FRA ER, C ORADO
Abstained:
BY: Ae° AVI
Mayor
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\SF,� ATTEST:
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SEALNA0-(A-AtThe&
/ Town Clerk
CORAl2.--
County Tax Entity Code DOLA LGID/SID
CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments
TO: County Commissioners' of Grand County , Colorado.
On behalf of the Town of Fraser
(taxing entity)A
the Board of Trustees
(governing body)B
of the Town of Fraser
(local govemment)C
Hereby officially certifies the following mills
to be levied against the taxing entity's GROSS $ 56,921,450
assessed valuation of: (GROSSE)assessed valuation,Line 2 of the Certification of Valuation Form DLG 57E)
Note: If the assessor certified a NET assessed valuation
(AV)different than the GROSS AV due to a Tax
Increment Financing(TIF)Area'.the tax levies must be $ 56,921,450
calculated using the NET AV. The taxing entity's total (NETG assessed valuation,Line 4 of the Certification of Valuation Form DLG 57)
property tax revenue will be derived from the mill levy USE VALUE FROM FINAL CERTIFICATION OF VALUATION PROVIDED
multiplied against the NET assessed valuation of: BY ASSESSOR NO LATER THAN DECEMBER 10
Submitted: 12/04/2019 for budget/fiscal year 2020
(not later than Dec. 15) (mm/dd/yyyy) (yyyy)
PURPOSE(see end notes for definitions and examples) LEVY2 REVENUE2
1. General Operating Expenses" 5.886 mills $ 335,040
2. <Minus>Temporary General Property Tax Credit/
Temporary Mill Levy Rate Reduction' > mills $ < >
SUBTOTAL FOR GENERAL OPERATING: mills $
3. General Obligation Bonds and Interests mills $
4. Contractual Obligations" mills $
5. Capital Expenditures' mills $
6. Refunds/Abatements"' mills $
7. OtherN (specify): mills $
mills $
TOTAL: r
SuhtntalGandnOpes tc!mg 5.886 mills $335,040
Contact person: - -- Daytime
(print) — effre D phone: ( 970 ) 726-5491
Signed: 01 Title: Town Manager
Include one copy of this ity's completed form when filing the local government's budget by January 31st,per 29-1-113 C.R.S., with the
�. gig .g a a ,- ,u', I :soli i•ivai •• VI • / :l I /. - ',, 7 , I I :,•- I
' If the taxing entity's boundaries include more than one county,you must certify the levies to each county. Use a separate form
for each county and certify the same levies uniformly to each county per Article X,Section 3 of the Colorado Constitution.
2 Levies must be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation(Line 4 of
Form DLG57 on the County Assessor's FINAL certification of valuation).
Form DLG 70(rev 10/14) Page 1 of4