RESOLUTION N0. 177-07

A RESOLUTION LEVYING TAXES FOR THE YEAR 2007 IN THE

RIDGES METROPOLITAN DISTRICT #1

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION, COLORADO:

That there shall be and hereby is levied upon all taxable property within the limits of the Ridges Metropolitan District # 1, City of Grand Junction, Colorado, for the year 2007 according to the assessed valuation of said property, a tax of five and eight hundred thousandths (5.800) mills on the dollar ($1.00) upon the total assessment of taxable property within the Ridges Metropolitan District #1, City of Grand Junction, Colorado, for the purpose of paying certain indebtedness of the District, for the fiscal year ending December 31, 2008.

ADOPTED AND APPROVED THIS 5^th day of December, 20007.

             /s/: James J. Doody

             President of the Council

ATTEST:

/s/: Stephanie Tuin

City Clerk

TAX LEVY CERTIFICATION

TO: County Commissioners of Mesa County, Colorado.

For the year 2007, the Board of Directors of the Ridges Metropolitan District #1 hereby certifies the following mill levy to be extended upon the total assessed valuation:

PURPOSE LEVY REVENUE

1. General Obligation Bonds and Interest - 1992 * 5.800 mills $ 165,945

2. Temporary Property Tax Credit/

Temporary Mill Levy Rate Reduction n/a mills $ 0.00

CRS 39-5-121 (SB 93-255)

TOTAL 5.800 MILLS $ 165,945

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Contact person: Stephanie Tuin Daytime Phone: (970) 244-1511

Signed /s/: Stephanie Tuin___ Title City Clerk, City of Grand Junction

* CRS 32-1-1603 (SB 92-143) requires Special Districts to “certify separate mill levies to the Board of County Commissioners, one each for funding requirements of each debt.”

Send a copy to Division of Local Government, Room 521, 1313 Sherman Street, Denver, Colorado 80203.

Original form (FORM DLG 70 (Rev. 6/92)