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File #: 24-355    Version: 1 Name:
Type: Resolution Status: Mayor's Office
File created: 6/21/2024 In control: City Council
On agenda: 11/12/2024 Final action: 11/12/2024
Title: A Resolution Fixing and Certifying a 4.409 Mill Levy for the Colorado Springs Briargate General Improvement District 2021, Colorado Springs, Colorado, for the 2025 Budget Year Presenter: Charae McDaniel, Chief Financial Officer
Attachments: 1. 01_Res to Fix Mill Levy for Briargate GID 2021_10 22 24, 2. Signed Resolution No. 158-24.pdf

 

Title

A Resolution Fixing and Certifying a 4.409 Mill Levy for the Colorado Springs Briargate General Improvement District 2021, Colorado Springs, Colorado, for the 2025 Budget Year

 

  Presenter: 

Charae McDaniel, Chief Financial Officer

 

Body

  Summary:

Following the Public Hearing on November 12, 2024 the attached resolution is now presented for approval by City Council, sitting as the Board of Directors of the Colorado Springs Briargate General Improvement District 2021 (GID), to fix and certify the 2024 mill levy at 4.409 mills on taxes payable in 2025 and authorize that it be certified to the Board of County Commissioners of El Paso County, Colorado.  The 2024 levy of 4.409 mills for taxes payable in 2025 is unchanged from the prior year’s mill levy.

 

  Background: 

City Council sits as the Board of Directors for each of the General Improvement Districts and is required to conduct a public hearing, fix and certify the mill levy, adopt an annual budget, and appropriate the funding for the District.  In November 2021, voters approved the organization of this GID and the imposition of a not more than 4.409 mill levy.

  Previous Council Action:

City Council referred an item to the November 2, 2021 ballot requesting the formation of the GID.  Upon voter approval, City Council created this District in 2022 (Ordinance No. 22-16).

The Board of Directors of the Colorado Springs Briargate General Improvement District 2021 annually sets and certifies the mill levy, and then adopts the budget and appropriates the funding for the District.

 

  Financial Implications:

Since the Colorado Springs Briargate GID 2021 is a separate entity, there are no direct financial implications for the City of Colorado Springs.

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

Move to approve the attached resolution to fix and certify the 2024 mill levy at 4.409 mills on taxes payable in 2025 for the Colorado Springs Briargate General Improvement District 2021.

 

Summary of Ordinance Language

N/A



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