HomeMy WebLinkAbout125 - 12/15/1992 - AMENDING CITY CODE PROVIDING FOR IMPOSITION OF 0.25% SALES AND USE TAX ON ALL TAXABLE ITEMS EXCEPT F ORDINANCE NO. 125, 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTION 25-75(a) OF THE CODE OF THE CITY
OF FORT COLLINS TO PROVIDE FOR THE IMPOSITION OF A
TWENTY-FIVE HUNDREDTHS PERCENT (0.25%) SALES AND USE
TAX ON ALL TAXABLE ITEMS EXCEPT FOOD FOR THE PURPOSE OF
ACQUIRING, CONSTRUCTING, ENHANCING AND MAINTAINING
TRAIL SYSTEMS, WILDLIFE AND OTHER NATURAL AREAS,
TO BE EFFECTIVE JANUARY 1, 1993
WHEREAS, the City of Fort Collins ("the City") has heretofore enacted a
comprehensive retail sales and use tax, which enactment is codified in Chapter
25, Article III, of the Code of the City ("the Code") ; and
WHEREAS, the amount of such tax imposed by the Code is contained in Section
25-75(a) thereof; and
WHEREAS, on September 1, 1992, by Resolution 92-104, the Council of the
City referred to the qualified electors of the City a citizen-initiated proposed
quarter-cent increase in such tax to be levied for a five (5) year period,
beginning January 1 , 1993, and ending December 31, 1997, the proceeds of which
would be used for the acquisition, construction, enhancement and maintenance of
trail systems, wildlife habitat and other natural areas to benefit of the
citizens of the City; and
WHEREAS, on November 3, 1992, the qualified electors of the City approved
the imposition of such additional tax.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that Section 25-75(a) of the Code be, and the same hereby is, amended to read in
its entirety as follows:
Section 25-75. Rate of tax.
(a) The amount of tax hereby levied is three (3) percent of the
purchase price of tangible personal property or taxable services.
Twenty-five one-hundredths (0.25) percent of such amount is a tax
which shall expire at midnight on December 31, 1997, and the
proceeds of which shall be placed in the capital projects fund of
the city for the construction of certain capital projects as
determined by the Choices 95 Executive Committee and approved by the
City Council . Another twenty-five one-hundredths (0.25) percent is
a tax which shall expire at midnight on December 31 , 1997, and the
proceeds of which shall be used for the purpose of street
maintenance. Another twenty-five one-hundredths (0.25) percent is
a tax which shall expire at midnight on December 31, 1997, and the
proceeds of which shall be used for the purpose of the acquisition,
construction, enhancement and maintenance of trail systems, wildlife
habitat and other natural areas to benefit the citizens of the City
of Fort Collins.
Introduced, considered favorably on first reading, and ordered published
this 17th day of November, A.D. 1992, and to be presented for final passage on
the 15th day of December, A.D. 1992. '
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Passed and adopted on final reading this 15th day of December, A.D. 1992.
Mayor
ATTEST:
City Clerk ki