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File #: 19-452    Version: 1 Name:
Type: Resolution Status: Mayor's Office
File created: 7/30/2019 In control: City Council
On agenda: 11/26/2019 Final action: 12/5/2019
Title: A resolution fixing and certifying the 2019 annual assessment mill levy for assessments payable in 2020 at $1.10 per front footage of real property within the Platte Avenue Special Improvement Maintenance District Presenter: Charae McDaniel, Chief Financial Officer
Attachments: 1. 2020 pa signed budget letter.revised.10.15.19, 2. Platte Ave SIMD map, 3. Resolution re Set Mill Levy for Platte Ave SIMD_11.26.pdf, 4. Signed Resolution 133-19.pdf


Title
A resolution fixing and certifying the 2019 annual assessment mill levy for assessments payable in 2020 at $1.10 per front footage of real property within the Platte Avenue Special Improvement Maintenance District

Presenter:
Charae McDaniel, Chief Financial Officer

Body
Summary:
City Council approval of the attached resolution is required to fix and certify the 2019 mill levy for the assessments payable in 2020 for the Platte Avenue Special Improvement Maintenance District (District). Also attached for reference is a boundary map of the District.

Previous Council Action:
City Council annually approves a resolution fixing and certifying the District's mill levy.

Background:
There are seven special improvement maintenance and/or security districts (commonly referred to as SIMDs) within the City of Colorado Springs that require Council's approval by resolution to fix and certify the 2019 assessment mill levies for the assessments payable in 2020.

These assessment districts are used to maintain medians, landscaping, fencing, entry islands, neighborhood theme signage, accent lighting, and other public improvements that are not normally maintained by the City. These districts are authorized under Chapter 3, Article 7 of City Code and were formed by developers primarily in the 1980s in lieu of homeowner associations to provide and maintain increased amenities within the developments. The Platte Avenue Special Improvement Maintenance District is unique among SIMDs in that it levies an assessment based on linear front footage of street, rather than an assessment based on the assessed valuation of the property within the District. The assessments are imposed and collected in the same manner as ad valorem taxes.

Financial Implications:
The recommended 2019 mill levy for the assessment, payable in 2020, is $1.10 per front footage of real property. This is the same rate that was levied for the 2018 assessment, payable in 2019.

The Distr...

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