HomeMy WebLinkAbout131 - 11/03/2015 - AMENDING SECTION 25-75(a) OF CITY CODE TO EXTEND THE EXPIRATION DATE OF THE CITY'S 0.25% STREET MAIN ORDINANCE NO. 131, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTION 25-75(a) OF THE CODE OF THE CITY OF FORT COLLINS
TO EXTEND THE EXPIRATION DATE OF THE CITY'S 0.25% STREET MAINTENANCE
SALES AND USE TAX AS APPROVED BY THE VOTERS AT THE CITY'S APRIL 7, 2015,
REGULAR ELECTION AND TO CORRECT AN ERROR IN THE EXPIRATION DATE OF
THE CITY'S 0.85% SALES AND USE TAX INCREASE APPROVED BY THE VOTERS AT
THE CITY'S NOVEMBER 2, 2010, SPECIAL ELECTION
WHEREAS, the City of Fort Collins has enacted comprehensive retail sales and use tax
provisions that are codified in Chapter 25, Article III of the Fort Collins Municipal Code; and
WHEREAS, the rate for this tax, as amended from time to time, is set in City Code
Section 25-75(a); and
WHEREAS, on February 3, 2015, the City Council adopted Resolution 2015-020 to refer
to the City's voters at the City's April 7, 2015, regular election, a ballot measure to extend the
expiration date of the City's existing 0.25% sales and use tax used for the maintenance of City
streets (the "Street Maintenance Tax") from December 31, 2015, to December 31, 2025, which
ballot measure the City's voters approved; and
WHEREAS, this Ordinance amends Code Section 25-75(a) to change and extend the
expiration date of the Street Maintenance Tax from December 31, 2015, to December 31, 2025,
as approved by the City's voters on April 7, 2015; and
WHEREAS, on August 17, 2010, the City Council adopted Resolution 2010-058 to refer
to the City's voters at the City's November 2, 2010, special election, a ballot measure to increase
the rate of the City's then existing sales and use tax from 3.00% to 3.85%, which measure was
known as the "Keep Fort Collins Great" tax increase, with such increase to commence on
January 1, 2011, and expire at midnight on December 31, 2020, (the "Ballot Measure") and the
voters approved the Ballot Measure; and
WHEREAS,on December 21, 2010,.the City Council adopted Ordinance No. 126, 2010
to amend Code Section 25-75(a) to increase the rate of the City's sales and use tax by 0.85% as
authorized by the Ballot Measure (the "Tax Increase"), but Ordinance No. 126, 2010 incorrectly
set December 31, 2021, as the expiration date for the Tax Increase instead of December 31,
2020;
WHEREAS, this Ordinance amends Code Section 25-75(a) to so change the expiration
date of the Tax Increase from December 31, 2021, to December 31, 2020.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that Section 25-75(a) of the Code of the City of Fort Collins is hereby
amended to read as follows:
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Sec. 25-75. Rate of tax.
(a) The amount of tax hereby levied is three and eight-five hundredths (3.85) percent
of the purchase price of tangible personal,property or taxable services except that the
amount of use tax levied on manufacturing equipment is three (3) percent of the purchase
price. Twenty-five one-hundredths (0.25) percent of such amount is a tax which shall
expire at midnight on December 31, 2030, 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,
2025, 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, parkways, shoulders and medians. Another twenty-five one-hundredths (0.25)
percent is a tax which shall expire at midnight on December 31, 2015, 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 (7) 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. Another eighty-five one-
hundredths (0.85) percent is a tax which shall expire at midnight on December 31, 2020, "
the proceeds of which shall be used in accordance with the terms and conditions of
Ordinance No. 126, 2010.
Introduced, considered favorably on first-reading, and ordered published this 20th day of
October, A.D. 2015, and to be presented for final passage on the 3rd day of November, A.D.
2015.
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`moo•,... Mayor
SEAL .N
ATTEST:
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City Clerk
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Passed and adopted on final reading on this 3rd day of November, A.D. 2015.
Mayor
ATTEST: �o�FORT
SEAL N
City Clerk 6o,'•
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