HomeMy WebLinkAbout009 - 03/07/1989 - PROVIDING FOR THE IMPOSITION OF A TWENTY-FIVE HUNDREDTHS PERCENT (0.25%) SALES AND USE TAX ON ALL TA ORDINANCE NO. 9, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
PROVIDING 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 OBTAINING
FUNDS FOR THE CONSTRUCTION OF CERTAIN CAPITAL
PROJECTS, TO BE EFFECTIVE JANUARY 1, 1990
WHEREAS, heretofore, the City of Fort Collins has enacted a
comprehensive retail sales and use tax, which enactment is codified in
Chapter 25, Article III of the Code of the City of Fort Collins (the
"Code") ; and
WHEREAS, the amount of such tax presently imposed by the Code, as
contained in Section 25-75(a) thereof, includes a twenty-five
hundredths percent (0.25%) tax for the City's pool and ice rink
facility, which tax shall expire at midnight on December 31, 1989; and
WHEREAS, a committee composed of citizens known as the CHOICES 95
Executive Committee (the "Committee") has heretofore considered future
needs for capital improvements in the community and has reported its
conclusions and recommendations in the CHOICES 95 Executive Committee
Final Report, dated October 7, 1988 (the "Report") ; and
WHEREAS, the Council of the City of Fort Collins (the "Council ")
has heretofore considered the capital improvement projects recommended
by the Committee (the "Projects") and has further considered various
means for generating sufficient revenue to fund the construction of
such projects; and
WHEREAS, the Council has identified certain of the Projects, the
construction of which it deems necessary and desirable in the
interests of the citizens of Fort Collins, at an approximate total
cost of Twenty-three Million Two Hundred Thirty-six Thousand
Seventy-nine Dollars (E23,236,079) ; and
WHEREAS, the Council has further determined that it would be
necessary and desirable, upon the expiration of the existing tax for
the City's pool and ice rink, to fund a substantial portion of said
costs by the imposition of a new twenty-five hundredths percent
(0.25%) sales and use tax on all taxable items except food, commencing
January 1, 1990.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1 . That Section 25-75(a) of the Code of the City of Fort
Collins is hereby amended to read as follows:
(a) The amount of tax hereby levied is two and
seventy-five one-hundredths (2.75) 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 Council . An additional twenty-five one-hundredths
(0.25) percent is a tax, which shall expire at midnight
on June 30, 1989, and the proceeds of which shall be
placed in the capital projects fund for the necessary
capital projects as determined by the RECAP Committee.
Section 2. That the revenue raised which is attributable to
the portion of the twenty-five hundredths percent (0.25q) sales
and use tax revenues collected pursuant to this ordinance shall
be used for the following categories of projects as referred to
in the Report:
1 . PARKS & OPEN SPACE CAPITAL PROJECTS:
Older Adult Center
Eastside Neighborhood Park
SW Community Park Land Acquisition
Buckingham Park Enhancements
Edora Park Enhancements
Indoor Pool Renovations
2. OTHER PUBLIC FACILITIES CAPITAL PROJECTS:
PFA Station #10 Land Acquisition
PFA South Battalion
Lincoln Center Restrooms
3. STREETS/TRANSPORTATION CAPITAL PROJECTS - Those which improve
traffic safety and provide for increased capacity of major
streets and intersections. Such projects include:
Shields, Laurel to Prospect
Prospect-Shields Intersection
Prospect-College Intersection
Drake-Canterbury to Taft Hill
Prospect-Lemay Intersection
Eastside Neighborhood Intersection
College-Drake (Double Left/Right Turns)
Drake-Taft Hill Intersection
Prospect-Taft Hill Intersection
Shields, Davidson to Casa Grande
Prospect, Shields to Taft Hill
Timberline Extension - Prospect to Summitview
Section 3. That the Council shall authorize, by ordinance,
the appropriation and expenditure of sales and use tax revenues
J.
collected pursuant to this Ordinance. Any revenues not so
authorized for expenditure on or before January 1, 1997 may be
used for any other capital project which may be approved by the
Council . Section 4. That the amendment of Section 25-75(a) of
the Code set forth herein shall take effect at 12:01 a.m. on
January 1, 1990.
Section 5. That, except as provided herein, all other
provisions of Chapter 25 of the Code shall remain in full force
and effect until otherwise rescinded or modified by action of the
Council of the City of Fort Collins.
Approved at the Regular City Election on March 7, 1989.
ATTEST:
Ci y Clerk