Agenda Date: 10/21/2025
Subject:
Title
Ordinance 20-2025: An ordinance on second reading establishing the tax levy of 3.0 mills to help defray the costs of government for the Littleton Downtown Development Authority of the county of Arapahoe, State of Colorado, for the calendar year beginning January 1, 2026, and ending on December 31, 2026
Body
From: |
James L. Becklenberg, City Manager |
Prepared by: |
Laurie Matta, Finance Director |
|
Kevin Orton, Budget Manager |
Presentations: |
N/A |
PURPOSE:
City Council consideration establishing the tax levy of 3.0 mills to help defray the costs of government for the Littleton Downtown Development Authority of the county of Arapahoe, State of Colorado, for the calendar year beginning January 1, 2026, and ending on December 31, 2026
LONG-TERM OUTCOME(S) SERVED:
High-Quality Governance
DISCUSSION:
This ordinance will establish a mill levy of 3.0 mills for the LDDA to be collected in 2026 as approved by voters November 2022.
BACKGROUND:
The Littleton Downtown Development authority was approved by voters in November 2022 with a mill levy set at 3.0 mills. The LDDA Board adopted the 2026 budget on September 17, 2025, and is being presented to the council for consideration on October 7th.
Prior Actions or Discussions
This ordinance passed on first reading on October 7, 2025.
FISCAL IMPACTS:
The LDDA estimates approximately $202,949 to be collected in property taxes in 2026.
STAFF RECOMMENDATION:
Staff recommends approval of the ordinance on second reading establishing the 2025 tax (mill) levy to be collected in 2026.
ALTERNATIVES:
N/A
PROPOSED MOTION:
Proposed Motion
I move to approve Ordinance 20-2025 on second reading establishing the tax levy of 3.0 mills to help defray the costs of government for the Littleton Downtown Development Authority of the county of Arapahoe, State of Colorado, for the calendar year beginning January 1, 2026, and ending on December 31, 2026.