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Home My WebLink About20013261.tiff WELD COUNTY COUNCIL RESOLUTION 134 RE: APPROVAL OF 2002 INCREASED LEVY WHEREAS, Section 14-7(2) of the Weld County Home Rule Charter states that if the Board of Weld County Commissioners be of the opinion,the amount of tax limited by the five percent(5%)limitation of Section 14-7(1)will be insufficient for County needs for the current year, It may submit the question of an increased levy to the County Council,and the County Council shall examine the needs of the County and ascertain from such examination the financial condition thereof, and if in the opinion of a majority of the County Council that the County is in need of additional funds,the Council may grant an increased levy for the County in such amount as it deems appropriate,and the County is authorized to make such increased levy. However,no such excess levy shall be granted which will allow a greater revenue than would bproduced by applying the previous year mill levy to the current year's assessed valuation,and WHEREAS,the members of the Board of Weld County Commissioners are of the opinion that with the five percent (5%) property tax limitation, and the high population growth rate of the county the budget for roads and bridges is not adequate, and WHEREAS, the Board of Weld County Commissioners has submitted the question of levying total county property taxes in the amount of$45,619,589 for the 2002 budget, and WHEREAS, an additional amount of $2,675,472 above the Weld County Home Rule five percent limitation,would be budgeted solely for the purposes of roads and bridges in Weld County, and WHEREAS, the levy of$45,619,589 would equal the TABOR limitation, but still allow an approximate county mill levy decrease of 7% and the excess levy shall be less than the revenue that would be produced by applying the previous year levy to the current year's assessed valuation per Section 14-7(2) of the Weld County Home Rule Charter. WHEREAS,in accordance Section 14-7(2)of the Weld County Home Rule Charter the County Council has examined the financial condition of the county and the 2002 budget request. NOW, THEREFORE, BE IT RESOLVED that the majority of the County Council in accordance with Section 14-7(2) has determined that the County is in need of additional funds for county roads and bridges and hereby grants the approval from an increased levy for the County in the amount of $45,619,589 for fiscal year 2002. The motion expressed in the above Resolution was, duly made and seconded, and approved by the following vote on the 20th day of November, 2001.. WELD COUNTY COUNCIL President Dwaine gd'' © , 2001-3261 /! -�(� Weld County Council Resolution 134 RE:Approval of 2002 Increased Levy Page 2 of 2 e re dentt Joyck Ctbsen't Councilwoman Jody Malone ( ) Councilman Mitchell Martin 9a6) ' .0 -1 r Councffman Douglas Rademacher Nrs ) Date Signed: November 20, 2001 Resolution Number: 134 Hello