HomeMy WebLinkAbout174 - 01/20/2004 - CONTINUING A TEMPORARY MANUFACTURING EQUIPMENT USE TAX REBATE PROGRAM FOR FORT COLLINS MANUFACTURERS ORDINANCE NO. 174, 2003
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 authorized a Temporary Manufacturing Equipment Use
Tax Rebate Program(the "Rebate Program") with Ordinance No. 29, 1996; and
WHEREAS, such Rebate Program was authorized for calendar years 1996, 1997, 1998,
1999, 2000 and 2001; and
WHEREAS, the Rebate Program was not in effect for the year 2002, so that there was no
2003 rebate of taxes received by the City in 2002; and
WHEREAS, it is the intent of the City Council to now continue the Temporary
Manufacturing Equipment Use Tax Rebate Program (the "Rebate Program") so as to apply to
taxes paid during the period from January 1, 2003 through December 31, 2003 and to taxes paid
during the period from January 1, 2004 through December 31, 2004, 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 approves the Rebate Program for taxes paid in
calendar year 2003 (for rebates in 2004) and for taxes in calendar year 2004 (for rebates in
2005), except to the extent, if at all, that the Rebate Program is theretofore modified, extended or
terminated by the Council.
Section 2. That the Council may at any time modify, extend or terminate the Rebate
Program.
Section 3. That the City Manager shall continue to monitor the Rebate Program and
its projected costs and impacts throughout 2003 and 2004, 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 4. 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 5. 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 and considered favorably on first reading and ordered published this 2nd day
of December, A.D. 2003, and to be presented for final passage on the 20th day of January A.D.
2004.
yor
ATTEST:
Chief Deputy City Clerk
Passed and adopted on final reading this 20th day of//January A.D. 2004.
Mayor Pro TORT
ATTEST:
City Clerk �k