HomeMy WebLinkAbout173 - 12/19/2000 - CONTINUING A TEMPORARY MANUFACTURING EQUIPMENT USE TAX REBATE PROGRAM FOR FORT COLLINS MANUFACTURERS ORDINANCE NO. 173, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
CONTINUING A TEMPORARY MANUFACTURING EQUIPMENT
USE TAX REBATE PROGRAM
FOR FORT COLLINS MANUFACTURERS
WHEREAS, the City Council first authorized a Temporary Manufacturing Equipment
Use Tax Rebate Program (the 'Rebate Program") with the adoption of Ordinance No. 29, 1996;
and
WHEREAS, such Rebate Program was subsequently authorized for calendar years 1996,
1997, 1998, 1999, and 2000 (based on taxes paid in each prior year); and
WHEREAS, it is the intent of the City Council to continue the Rebate Program for the
period January 1, 2001 through December 31, 2001 (based on tax year 2000) and January 1,
2002 through December 31, 2002 (based on tax year 2001), unless otherwise modified and
extended.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That the City of Fort Collins Manufacturing Equipment Use Tax Rebate
Program, as described and previously approved by the Council by Ordinance No. 30,1999, is in
the best interests of the City.
Section 2. That the Council hereby extends the Rebate Program for calendar years
2001 and 2002 or until such earlier date that the Rebate Program is modified, extended or
terminated by the Council.
Section 3. That the Council may at any time modify, extend or terminate the Rebate
Program.
Section 4. That the City Manager shall continue to monitor the Rebate Program and
its projected costs and impacts, and if the City Manager determines from that review, or from
any other information, that the Rebate Program poses a financial, environmental or other threat
to the well-being of the City, the City Manager shall report such determination to the Council.
Section 5. That the Rebate Program may be discontinued, at the discretion of the
Council, upon finding that the costs of the Program are contrary to the financial well-being of the
City or upon finding the Program is not compatible with the City's Economic Policy.
Section 6. That the provisions of this Ordinance shall not be construed as
establishing any right or entitlement to a rebate of any taxes on the part of any applicant and that
the actual rebate of use taxes under such Rebate Program shall be entirely discretionary with the
City Council and shall be subject to the appropriation of funds for such purpose.
Introduced, considered favorably on first reading, and ordered published this 21st day of
November, A.D. 2000, and to be presented for final passage on the 19t day of December, A.D.
2000.
ayor
ATTEST: \\
C .a��k(1us9.Yz
City Clerk
Passed and adopted on final reading this 19th day of Decembe ,-l.D. 2000.
`Mayor
ATTEST:
City Clerk