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HomeMy WebLinkAbout099 - 01/04/1973 - AMENDING SECTION B-49 THROUGH B-137 OF THE CITY CODE RAISING THE SALES AND USE TAX, DESIGNATING THE �J ORDINANCE NO 99 1972 BEING AN ORDINANCE AMENDING SECTION 8 49 THROUGH 8 137 OF THE CODE OF ORDINANCES OF THE CITY OF FORT COLLINS 1958 AS AMENDED, BEING THE SALES AND USE TAX ORDINANCE RAISING THE SALES AND USE TAX DESIGNATING THE PURPOSES FOR WHICH THE ADDITIONAL REVENUE FROM SUCH INCREASED TAX MAY BE USED AND PROVIDING FOR THE PLEDGE OF SUCH ADDITIONAL REVENUE TO SECURE BONDS TO BE ISSUED BY THE CITY WHEREAS heretofore a committee was formed designated as Designing Tomorrow Today and WHEREAS such committee was made up of citizens of the city representa tive of all groups and interest in the city and WHEREAS the purpose of such committee was to make recommendations to the City Council and the citizens of the City of Fort Collins regarding public facilities and projects necessary for the advancement of the community in the future and WHEREAS, such committee has made a study and reported to the City Council its recommendations for the future of Fort Collins and WHEREAS such report included a recommendation that the sales and use tax be increased for the period of the proposed program in order to provide funding for the recommended projects and WHEREAS the City Council has considered the report of the Designing Tomorrow Today committee and is of the opinion that it is desirable and necessary to implement the recommendations made NOW THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS Section 1 That Section 8 60 of the Code of Ordinances of the City of Fort Collins 1958 as amended be and the same hereby is amended by deleting therefrom parts (a) and (b) and by substituting therefore the following (a) On sales amounting to $ 19 to and including $ 84 a tax of one cent (b) On sales amounting to $ 85 to and including $1 18 a tax of two cents (c) On all higher sales $ 02 shall be added in each bracket of $1 00 or any part thereof of additional sales price and by redesignating part (c) ofsuch section as part (d) and changing such part (d) as redesignated by deleting therefrom the words and figures one percent (1-) wherever they appear therein and by substituting therefor the words and figures two percent (2-) and by redesignating part (d) of said section xs part (e) and by deleting the first second and third paragraphs from part (e) as redesignated and substituting therefor the following (e) Nothing herein contained shall be deemed to prohibit any retailer selling malt vinous or spiritous liquors by the drink from including in his sale price any tax levied under this article The brackets and tax amount designated in part (a) (b) and (c) of this section shall be used by such retailers in determining amounts to be included in sales prices as provided in this provision Section 1 A That Section 8 58(13) be and the same hereby is amended by deleting the words and figures one percent (1-)' therefrom and by substituting therefor the words and figures two percent (2-) � � r Section 1 B That Section 8 59(a) of the Code of Ordinances of the City of Fort Collins Colorado, 1958 as amended be and the same hereby is amended by deleting therefrom the words and figures one percent (19') wherever the same appears in said section and by substituting therefor the words and figures two percent (2-) Section 2 That Section 8 66 of the Code of Ordinances of the City of Fort Collins 1958 as amended, be and the same hereby is amended by changing the words and figures "one percent (1-) wherever the same appear in such section to two percent (2-)" Section 3 That Section 8 69 of the Code of Ordinances of the City of Fort Collins, Colorado 1958 as amended be and the same hereby is amended by changing the words and figures one percent (1-) in part (2) of said section to two percent (2-)" Section 3 A That Section 8 70 be and the same hereby is amended by deleting the words and figures one percent (1-) therefrom and by substituting therefor the words and figures two percent (2-)' Section 4 That Section 8 71 of the Code of Ordinances of the City of Fort Collins Colorado 1958, as amended, be and the same hereby is amended by deleting therefrom parts A and B of subsection 3 thereof and by substituting therefor the following (a) On sales amounting to $ 19 to and including $ 84 a tax of one cent (b) On sales amounting to $ 85 to and including $1 18 a tax of two cents (c) On all higher sales $ 02 shall be added in each bracket of $1 00 or any part thereof of additional sales price and by deleting from subsection 4 W thereof the words and figures one percent (1-) wherever the same appear in said subsection and by substituting therefor the words and figures "two percent (2-) Section 5 That Section 8 87 of the Code of Ordinances of the City of Fort Collins Colorado, 1958 as amended, be and the same hereby is amended by changing the words and figures "one percent (1-)' wherever the same appear in said section to ' two percent (2-)' Section 6 The revenue from the additional Sales and Use Tax herein levied shall be maintained in an account separate from the general fund such account to be known as the Special Capital Improvements Fund and the funds in such account shall be expended only for Capital Improvements and Acquisitions hereafter authorized by the City Council Section 7 The revenues from the additional Sales and Use Tax herein levied may be used in payment of or pledged in support of any bonds issued to finance the cost of any capital improvement or acquisition authorized by the City Council provided that nothing herein shall be construed to limit the authority of the City to pledge any other or all resources of the City in support of any such bonds Section 8 This ordinance and the tax herein imposed shall be in effect from April 1 1973 until March 31, 1980 unless sooner changed or repealed by ordinance of the City Council Thereafter the Sales and Use Tax shall revert to the amount in effect immediately prior to the effective date of this Ordinance or to such different amount as may be established by Ordinance hereafter enacted by the Council Nothing herein contained shall be construed as restricting the power of the City Council to enact any other ordinance or measure levying a tax of any kind including a sales and/or use tax 2 Section 9 The within ordinance is hereby submitted to the qualified electors in the special city election to be held on February 20, 1973 If a majority of the qualified electors voting on this issue in said election approve this ordinance, the same shall go into affect on the effective date herein provided If a majority of such qualified electors fail to approve this ordinance then the same shall not go into effect Introduced, considered favorably on first reading and ordered published this 14th day of December A D 1972 and to be presented for final passage on the 4th day of January, A D 1973 yor ATTEST Ci Clerk Passed and adopted on final reading this 4th day of January A D 1973 Mayor ATTEST rty ler c 3