HomeMy WebLinkAbout1989-005-01/03/1989-SUBMITTING TO THE REGISTERED ELECTORS AN ORDINANCE IMPOSING A 0.25% INCREASE IN SALES AND USE TAX ON RESOLUTION 89-5
OF THE COUNCIL OF THE CITY OF FORT COLLINS
SUBMITTING TO THE REGISTERED ELECTORS
OF THE CITY AN ORDINANCE IMPOSING
A TWENTY-FIVE HUNDREDTHS PERCENT
(0.25%) INCREASE IN SALES AND USE TAX ON
ALL TAXABLE ITEMS EXCEPT FOOD FOR A PERIOD OF
EIGHT YEARS FOR THE PURPOSE OF OBTAINING REVENUE FOR
THE CONSTRUCTION OF CERTAIN CAPITAL IMPROVEMENTS
WHEREAS, under Section 3, Article X of the Charter of the City of Fort
Collins, the Council of the City of Fort Collins has the power to submit
any proposed ordinance or resolution or refer any adopted ordinance or
resolution to the vote of the people at a regular or special election; and
WHEREAS, the City Council has reviewed a proposed ordinance which
would impose a new sales and use tax on all taxable items except food by an
amount of twenty-five hundredths percent (0.25%) for the purpose of
providing funds for the construction of certain capital improvements
recommended by a citizen committee known as the Choices 95 Executive
Committee; and
WHEREAS, in the considered opinion of the City Council , said proposed
ordinance should be herewith submitted to a vote of the people at the next
regular City election to be held on March 7, 1989.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS:
Section 1 . That there is hereby submitted to registered voters of the
City at the next regular City election to be held on March 7, 1989, the
question of whether or not the following proposed ordinance should be
adopted:
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 ($23,236,079) ; 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 (0.25%) 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, Raintree 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
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.
Section 2. That proposed Ordinance No. 9, 1989, of the Council of the
City of Fort Collins is submitted to the registered electors of the City of
Fort Collins at the next regular election to be held on March 7, 1989, in
substantially the following form:
PROPOSED ORDINANCE
ORDINANCE NO. 9, 1989,
OF THE COUNCIL OF THE CITY OF FORT COLLINS,
PROVIDING FOR THE IMPOSITION OF A NEW TWENTY-FIVE
HUNDREDTHS PERCENT (0.25%) SALES AND USE
TAX ON ALL ITEMS EXCEPT FOOD FOR A PERIOD
OF EIGHT YEARS FOR THE PURPOSE OF OBTAINING FUNDS
FOR THE CONSTRUCTION OF CAPITAL PROJECTS IN
THE FOLLOWING CATEGORIES:
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, Raintree to Casa Grande
Prospect, Shields to Taft Hill
Timberline Extension - Prospect to Summitview
FOR THE ORDINANCE
AGAINST THE ORDINANCE
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 3rd day of January, A.D. 1989.
Mayor
ATTEST:
City Clerk