HomeMy WebLinkAbout2005-111-10/04/2005-EXPRESSING THE CITY COUNCILS SUPPORT OF REFERRED ISSUE 2A RENEWING THE CITY OF FORT COLLINS ONE-QUAR RESOLUTION 2005-111
EXPRESSING THE CITY COUNCIL'S SUPPORT
OF REFERRED ISSUE 2A RENEWING THE CITY OF FORT COLLINS'
ONE-QUARTER CENT CAPITAL SALES AND USE TAX
WHEREAS, the City of Fort Collins has undertaken a two-year process of identifying its
highest priority capital needs in all areas; and
WHEREAS, these unfunded needs total over$300 million over the coming years; and
WHEREAS, the citizens of Fort Collins have funded many similar capital needs during the
past 30 years through the use of voter approved sales and use taxes; and
WHEREAS, the current voter approved general City capital sales and use tax for Building
Community Choices—Community Enhancements projects (the "Existing Tax") is scheduled to
expire on December 31, 2005; and
WHEREAS, the City Council has reviewed the projects which citizens, boards and
commissions and staff have identified as being of a high priority and has selected thirteen
projects to place before the voters in a package known as 'Building on Basics 2005" ("BOB")
that would be funded by a ten- year extension of the Existing Tax; and
WHEREAS, the proposed extension of the Existing Tax would generate $5.6 million per
year for the next 10 years, totaling $56 million to be used to complete specific capital projects
and fund $4.4 million in initial operation and maintenance costs; and
WHEREAS, the question of whether to extend the Existing Tax will be presented to the
voters of the City at the November 1, 2005 Coordinated Latimer County election; and
WHEREAS, the City Council believes that voter approval of the renewal of the Existing
Tax for capital and construction of the 13 projects is in the best interests of the community.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FORT
COLLINS that, the City Council strongly supports the proposed extension of the Building on
Basics 2005 capital improvement sales and use tax, and urges the registered electors of the City
to vote in favor of the ballot measure.
Passed and adopted at a regular meeting of the C nc of the City of For ollins held
this 4th day of October, A.D. 2005.
vet
Mayo
ATTEST: ySA
City Clerk p