PALMER LAKE, COLORADO ORDINANCE NO. 14-2001

AN ORDINANCE ADOPTING THE BUDGET FOR THE TOWN OF PALMER LAKE, COLORADO FOR THE FISCAL YEAR 2002:

WHEREAS, THE BOARD OF TRUSTEES OF THE TOWN OF PALMER LAKE, COLORADO AS REQUIRED BY LAW TO ADOPT A BUDGET FOR FISCAL YEAR COMMENCING JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002: AND

WHEREAS, THE REQUIRED PUBLIC NOTICE AND PUBLIC HEARINGS HAVE BEEN HELD TO CONSIDER THE PROPOSED BUDGET.

NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF PALMER LAKE, EL PASO COUNTY, COLORADO, AS FOLLOWS:

SECTION 1: THAT THE BUDGET FOR THE YEAR 2002 BE ADOPTED AS FOLLOWS:

"RESOLVED that there be and hereby is levied upon all taxable property of the Town of Palmer Lake, of El Paso County, Colorado,

0.598 MILLS FOR INTEREST ON BONDS\LOAN $ 11,764
2.799 MILLS FOR REDEMPTION OF BONDS\LOAN $ 55,064
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3.397 MILLS FOR WATER BOND\LOAN $ 66,828 ===========================================
4.321 MILLS FOR INTEREST ON BOND\LOAN #2 $ 85,006
3.685 MILLS FOR REDEMPTION OF BOND\LOAN #2 $ 72,495
===========================================
8.006 MILLS FOR WATER BOND\LOAN #2 $157,501
8.039 MILLS FOR GENERAL PURPOSE $158,150
===========================================
19.442 TOTAL MILLS $382,479

and the Secretary is instructed to notify the Board of County Commissioners to extend said levies on the Tax Rolls."

CITY LIMITS OF PALMER LAKE VALUATION: $ 19,672,910

SECTION 2: SEVERABILITY. IT IS HEREBY DECLARED TO BE THE INTENTION OF THE BOARD OF TRUTEES OF THE TOWN OF PALMER LAKE, COLORADO THAT THE SENTENCES, CLAUSES AND PHRASES OF THIS ORDINANCE ARE SEVERABLE, AND IF ANY SENTENCE, CLAUSE OR PHRASE OF JUDGEMENT OR DECREE OF COURT OF COMPETENT JURISDICTION, SUCH UNCONSTITUTIONALITY OR PHRASES OF THIS ORDINANCE SINCE THE SAME WOULD HAVE BEEN ENACTED BY THE BOARD OF TRUSTEES WITHOUT THE INCORPORATION OF ANY UNCONSTITUTIONAL OR INVALID SENTENCES, CLAUSES OR PHRASE.

SECTION 3 PENALTIES. THE FOLLOWING PENALTIES, HEREWITH SET FORTH IN FULL, SHALL APPLY TO THIS ORDINANCE:

(A) IT IS UNLAWFUL FOR ANY PERSON TO VIOLATE ANY OF THE PROVISIONS STATED OR ADOPTED IN THIS ORDINANCE.

(B) EVERY PERSON CONVICTED OF A VIOLATION OF ANY PROVISION STATED OR ADOPTED IN THIS ORDINANCE SHALL BE PUNISHED BY A FINE NOT EXCEEDING ONE THOUSAND DOLLARSS ($1,000), OR BY IMPRISONMENT NOT EXCEEDING ONE (1) YEAR, OR BY BOTH SUCH FINE AND IMPRISONMENT.

SECTION 4. PUBLICATION. THE TOWN CLERK SHALL CERTIFY TO THE PASSAGE OF THIS ORDINANCE AND CAUSE NOTICE OF ITS CONTENTS AND PASSAGE TO BE PUBLISHED OR POSTED. THIS ORDINANCE SHALL BE COME EFFECTIVE THIRTY (30) DAYS AFTER THE DATE OF PUBLICATION OR POSTING.

PASSED AND ADOPTED THIS 13TH DAY OF DECEMBER, 2001.

NIKKI McDONALD, MAYOR

SIGNED AND APPROVED THIS 13TH DAY OF DECEMBER, 2001.

ATTEST:
DELLA J. GINS, TOWN CLERK

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