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Resolution No. 3 - Parking RESOLUTION NO.3 A RESOLUTION ESTABLISHING THE 2011 CITY OF BOULDER, BOULDER JUNCTION ACCESS COMMISSION GENERAL IMPROVEMENT DISTRICT - PARKING PROPERTY TAX MILL LEVY FOR PAYMENT OF EXPENDITURES, IN PART, OF THE DISTRICT DURING THE FISCAL YEAR 2012, AND SETTING FORTH DETAILS IN RELATION THERETO. WHEREAS, the Board has prepared and adopted a budget for the District for the 2012 fiscal year; and WHEREAS, the Board has reviewed the projected expenditures of the District for 2012, and WHEREAS, the Board has considered all sources of revenue of the District; and WHEREAS, the Board has determined that there will not be sufficient revenues produced by the facilities operated by the District along with income from investment to cover expenses of operation and debt service and that a tax levy of 5.000 mills should therefore be imposed; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, ACTING AS THE BOARD OF DIRECTORS OF THE CITY OF BOULDER, BOULDER JUNCTION ACCESS COMMISSION GENERAL IMPROVEMENT DISTRICT - PARKING, that: Section 1. Effective at 12:00 Midnight at the end of December 31, 2011 there is hereby levied for the year of 2011, to be collected in 2012 a tax of 5.000 mills upon each dollar of the total assessed valuation of all taxable property within the area of the City of Boulder Junction Access Commission General Improvement District - Parking. Section 2. The secretary of the District is directed to certify the within levy to the County Assessor, Boulder County, Colorado. ADOPTED this 18th day of October, 2011. Chair Attest: 4~L 'j-T- r 6?~ft SGCI'CCa y