To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Trish Muller, CPA, Finance Director
Title
Ordinance Levying General Property Taxes on Behalf of the Castle Rock Downtown Development Authority for the Year 2021, To Be Collected in 2022, and Providing for the Emergency Adoption of This Ordinance on Second and Final Reading (Second Reading - Approved on First Reading on November 16, 2021, by a vote 6-1)
Body
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Executive Summary
Attached is the Ordinance establishing the Mill Levy of the Castle Rock Downtown Development Authority for collection in 2022 (Attachment A). In August, the County Assessor certifies the Total Value of all Personal and Real Property within the Authority. This value is used to calculate the preliminary mill levy rate. In December, the County Assessor recertifies the Total Value of Real and Personal Property.
Discussion
The Castle Rock Downtown Development Authority Board of Directors has requested Town Council to certify its respective mill levy of 3.000 mills, which is anticipated to yield approximately $201,116.
Staff Recommendation
Staff recommends that Town Council approve this Ordinance as written.
Proposed Motion
“I move to Approve an Ordinance Levying General Property Taxes for the Year 2021, for 2022 Collection, for the Castle Rock Downtown Development Authority, and Providing for Emergency Adoption on this Second and Final reading.”
Alternative Motions
I move to approve the ordinance as introduced by title, with the following conditions: (list conditions).
I move to continue this item to the Town Council meeting on _____ date to allow additional time to (list information needed).
Attachments
Attachment A: Ordinance