HomeMy WebLinkAbout163 - 12/20/2005 - AMENDING THE CITY CODE SO AS TO EXTEND CERTAIN PORTIONS OF THE CITY SALES AND USE TAX IN ACCORDANCE ORDINANCE NO. 163, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTION 25-75 OF THE CITY CODE
SO AS TO EXTEND CERTAIN PORTIONS OF THE CITY'S SALES AND USE TAX
IN ACCORDANCE WITH THREE VOTER-APPROVED BALLOT MEASURES
WHEREAS, Section 25-75(a) of City Code establishes the rate of the sales and use tax
imposed on the purchase price paid or charged for tangible personal property and taxable services
sold or brought into the City; and
WHEREAS, 75/100 percent of such amount consists of three quarter-cent taxes which are
presently scheduled to expire at midnight on December 31, 2005; and
WHEREAS, 25/100 percent of such amount consists of a tax imposed to fund the
acquisition,construction,enhancement and maintenance of trail systems,wildlife habitat and other
natural areas to benefit the citizens of the City and for the construction of certain park projects as
described in Ordinance No. 29, 1997 (the "Open Space Tax") and;
WHEREAS, at a special City election held on November 5, 2002,the registered electors of
the City approved the extension of the Open Space Tax through midnight on December 31, 2030,
with the proceeds of such extended tax to be used for the purposes of acquiring, operating and
maintaining open spaces, community separators, natural areas, wildlife habitat, riparian areas,
provide rovide for the appropriate use and en o
wetlands and valued agricultural lands,andenjoyment of these
areas by the citizenry, pursuant to the provisions of Citizen-Initiated Ordinance No. 1, 2002; and
WHEREAS, another 25/100 percent of the City's sales and use tax is a tax imposed to fund
street maintenance and overlay and for the construction of certain transportation projects as identified
in Ordinance No. 30, 1997 (the "Street Maintenance Tax"); and
WHEREAS, at a regular City election held on April 5, 2005, the registered electors of the
City approved a ballot measure extending the Street Maintenance Tax through December 31,2015,
forthe purpose of paying the costs of planning,design,right-of-way acquisition,incidental upgrades
and other costs associated with the repair and renovation of City streets, including but not limited
to, curbs, gutters, bridges, sidewalks, parkway shoulders and medians; and
WHEREAS, another 25/100 percent of the City's sales and use tax is a tax imposed to fund
the construction of certain capital projects identified in Ordinance No. 31, 1997, and approved by
the City Council according to the provisions of said ordinance (the "Capital Projects Tax"); and
WHEREAS, at a special City election held on November 1, 2005, the registered electors of
the City approved the extension of the Capital Projects Tax through December 31, 2015, for the
purpose of paying the costs of planning, design, right-of-way acquisition, construction and at least
seven years of operation and maintenance of certain capital projects specified in the "Building on
Basics"capital project program,subject to the terms and conditions of Ordinance No. 92,2005; and
WHEREAS, Section 25-75(a) of the City Code should be amended to reflect the foregoing
tax extensions.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that Section 25-75(a) of the City Code is hereby amended so as to read in its entirety as
follows:
Sec. 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,
2030, and the proceeds of which shall be used for the purposes of acquiring,
operating and maintaining open spaces,community separators,natural areas,wildlife
habitat,riparian areas,wetlands and valued agricultural lands, and to provide for the
appropriate use and enjoyment of these areas by the citizenry, pursuant to the
provisions of the Citizen-Initiated Ordinance No. 1,2002. Another twenty-five one-
hundredths (0.25) percent is a tax which shall expire at midnight on December 31,
2015, and the proceeds of which shall be used for the purpose of paying the costs of
planning, design, right-of-way acquisition, incidental upgrades and other costs
associated with the repair and renovation of City streets,including but not limited to,
curbs,gutters,bridges,sidewalks,parkway shoulders and medians. Another twenty-
five one-hundredths (0.25) percent is a tax which shall expire at midnight on
December 31, 2015, and the proceeds of which shall be; used for the purpose of
paying the costs of planning, design, right-of-way acquisition, construction and at
least seven years of operation and maintenance of certain capital projects specified
in the "Building on Basics" capital project program, subject to the terms and
conditions of Ordinance No. 92, 2005.
Introduced and considered favorably on first reading and ordered published this 29th day of
November, A.D. 2005, and to be presented for final passage on the 20th day of December, A.D.
2005.
Mayor
ATTEST:
City Clerk QN
Passed and adopted on final reading this 20th day of December, A.D. 2005.
Mayor
ATTEST:
City Clerk