TOWN OF COCHITI LAKE
RESOLUTION 2007-14

A Resolution Concerning the rate of taxation for the fiscal year 2007-2008 for the Town of Cochiti Lake.

Whereas; Section 1701 of the Charter of the Town of Cochiti Lake states that the Assembly shall have the power, and it shall be their duty, to provide by ordinance, a system for the assessment, levy, and collection of all Town taxes, and

Whereas; Ordinance 2005-1 ordained that the leasehold Improvement Tax rate will be set each year via Resolution of the Assembly of the Town of Cochiti Lake, and 

Whereas; Ordinance 2005-1 ordained that upon approval of the fiscal year budget, the Town Assembly shall set the tax rate to a rate sufficient to meet the revenue provided for in the fiscal year budget, not to exceed $1 for each $100 of assessed value of leasehold Improvements,

BE IT RESOLVED by the Assembly of the Town of Cochiti Lake,

That the Town tax be figured using the Sandoval County assessed valuation on improvements only, from 2004, and that the tax rate remain unchanged from the preceding year, which was set at 0.1569.

DULY ADOPTED this  24^th  day of July 2007, by the Assembly of the Town of Cochiti Lake at a meeting thereof; at which a quorum was present, _4__voting for and _0_ voting against.

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Anthony Da Silva, Mayor                             Annette Narvaiz, Town Clerk