HomeMy WebLinkAbout1989-018-10/03/1989-REFERRING TO THE REGISTERED ELECTORS OF THE CITY AN ORDINANCE IMPOSING A 0.25% INCREASE IN SALES AND RESOLUTION 89-18
OF THE COUNCIL OF THE CITY OF FORT COLLINS
REFERRING 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 THE PURPOSE OF OBTAINING FUNDS
FOR STREET MAINTENANCE, TO BE EFFECTIVE JULY 1, 1989
AND TO EXPIRE ON DECEMBER 31, 1997
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 and adopted Ordinance No. 8,
1989, which would impose a new retail sales and use tax by an amount of
twenty-five hundredths percent (0.25%) for the purpose of providing funds
for street maintenance; and
WHEREAS, in the considered opinion of the City Council , said adopted
ordinance should be herewith referred 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 referred to the 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 referred ordinance should be
adopted:
ORDINANCE NO. 8, 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
MAINTENANCE OF THE CITY'S STREET SYSTEM,
TO BE EFFECTIVE JULY 1, 1989
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 necessary capital
projects, which tax shall expire at midnight on June 30, 1989;
and
WHEREAS, the City street system constitutes a substantial
asset of the City and the City's investment therein must be
protected through adequate maintenance of the street system,
which maintenance is of critical importance to the preservation
of the public safety and welfare; and
WHEREAS, the generation of revenue through the imposition of
a new sales and use tax on all taxable items except food is an
appropriate mechanism for raising revenue for street maintenance
purposes; and
WHEREAS, upon the expiration of the existing tax for
necessary capital projects, it is necessary and desirable that
such new twenty-five hundredths percent (0.25%) sales and use tax
on all taxable items be imposed, commencing July 1, 1989, for the
purpose of raising revenues for the maintenance of the City
street system.
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, 1989, and the
proceeds of which shall be placed in the capital
projects fund of the city for the pool and ice
rink facility . An additional twenty-five
one-hundredths (0.25) percent is a tax which shall
expire at midnight on December 31, 1997, and the
proceeds of which shall be used for the purpose of
street maintenance.
Section 2. That the Council of the City of Fort Collins
shall authorize, by ordinance, the appropriation and expenditure
of sales and use tax revenues collected pursuant to this
Ordinance.
Section 3. That the amendment to Section 25-75(a) of the
Code set forth herein shall take effect at 12:01 a.m. on July 1,
1989.
Section 4. That, except as provided herein, all other
provisions of Chapter 25 of the Cade 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 Ordinance No. 8, 1989, of the Council of the City of
Fort Collins is referred 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:
REFERRED ORDINANCE
ORDINANCE NO. 8, 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
MAINTENANCE OF THE CITY'S STREET SYSTEM,
TO BE EFFECTIVE JULY 1, 1989
AND TO EXPIRE ON DECEMBER 31, 1997
FOR THE ORDINANCE
AGAINST THE ORDINANCE
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 17th day of January, A.D. 1989.
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City Clerk