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HomeMy WebLinkAboutR20-050 Concerning Delinquent Interest for Late Property Tax Payments DocuSign Envelope ID:D4EAD865-064D-472C-B042-1380F9ABB9E6 Commissioner Schen moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2020 - 050 RESOLUTION CONCERNING DELINQUENT INTEREST FOR LATE PROPERTY TAX PAYMENTS WHEREAS, in an effort to provide financial relief to taxpayers during the COVID-19 pandemic, Colorado House Bill 20-1421 ("HB 1421") was enacted on June 14, 2020; and WHEREAS, 1-IB 1421 amends C.R.S. § 39-10-104.5 so that the Eagle County Board of County Commissioners (the "Board"), upon approval of the Eagle County Treasurer(the "Treasurer"), may waive accrued delinquent-payment interest, or suspend the accrual of delinquent-payment interest for late property tax payments that would otherwise accrue between June 15, 2020 and October 1. 2020 (the"Waiver Period"); and WHEREAS. the Treasurer has recommended and approved the Board's waiver of accrued delinquent-payment interest and suspension (lithe further accrual of-delinquent-payment interest dWino the Waiver Period tbr late propert tax payments: and WHEREAS. the Eagle ( ount) Treasurer has provided a Notice of Intent to Waive and Suspend Interest to potentially affected taxing jurisdictions within Eagle County in accordance with C.R.S. § 39-10-104.5(13)(a); and WHEREAS, the Treasurer encouraged any jurisdiction within Eagle County, which Nvill become unable to meet bond payment obligations due to this Resolution Concerning Delinquent Interest for Property Tax Payments within the Waiver Period, to provide notice of request for an advance to the Board within three business days of receipt of the Notice. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, the Board desires to utilize the relief provisions contained in HB 1421 in order to provide a small amount of financial relief, and reduce the late-payment penalty to Eagle County taxpayers during the COVID-19 pandemic; and THAT, pursuant to C.R.S. § 39-10-104.5, the Board hereby orders that the Treasurer may waive all delinquent-payment interest amounts that have already accrued due to Eagle County taxpayer's late payment of property taxes during the Waiver Period; and • -1 - DocuSign Envelope ID:D4EAD865-064D-472C-B042-1380F9ABB9E6 THAT, pursuant to C.R.S. § 39-10-104.5, the Board hereby orders that the accrual of delinquent- payment interest for Eagle County property owners' late payment of property taxes is hereby suspended during the remainder of the Waiver Period; and THAT, for property taxes that remain unpaid after September 30, 2020, delinquent-payment interest will begin to accrue at the rate required by C.R.S. § 39-10-104.5; and THAT, this Resolution is necessary for the public health, safety and welfare of the residents of the County of Eagle, State of Colorado. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the 23'day of June, 2020. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its EAGit BOARD OF COUNTY COMMISSIONERS co6, ATTEST: DocuSigned by' "---DocuSigned by: .0) -A L;LAA, 61 y: 61(41 (kr—Rutiii Clerk to th- ‘,:rd4K6440 KeltirysChtiwAtis-Henry County Commissioners loRro° County Commissioners Chair Absent Jeanne McQueeney CoAti-rrii8gioncp: Mae" ScLar mzu-seharD18E0473 Commissioner Commissioner Chandler-Henry' seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Chandler-Henry Aye Commissioner McQueeney Absent Commissioner Scherr Aye -2 -