HomeMy WebLinkAbout2005-008-02/01/2005-SUBMITTING TO THE REGISTERED ELECTORS OF THE CITY AT THE APRIL 5, 2005 REGULAR CITY ELECTION THE QUE RESOLUTION 2005-008
OF THE COUNCIL OF THE CITY OF FORT COLLINS
SUBMITTING TO THE REGISTERED ELECTORS OF THE CITY
AT THE APRIL 5, 2005 REGULAR CITY ELECTION
THE QUESTION OF RENEWAL OF AN EXISTING QUARTER-CENT
SALES AND USE TAX TO BE USED TO FUND
THE CITY'S STREET MAINTENANCE PROGRAM
WHEREAS, the City of Fort Collins has enacted a comprehensive sales and use tax,which
enactment is codified in Chapter 25, Article III of the Code of the City of Fort Collins; 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(the"Tax")approved bythe
voters of the City on April 8, 1997 as a part of the Building Community Choices Capital Projects
Program to fund the City's street maintenance and overlay program, annual pedestrian
improvements, Phases 1 and 2 of the Mason Street Transportation Corridor, and Phase 1 of
improvements to the North College Avenue Corridor; and
WHEREAS,the aforementioned sales and use tax will expire at midnight on December 31,
2005; and
WHEREAS, the City Council has directed the City staff to propose ballot language for
placing a proposed extension of the Tax to fund the Street Maintenance Program (the "Program")
on the ballot at the upcoming regular City election on April 5, 2005; and
WHEREAS, the Program provides funding for the repair, renovation and reconstruction of
the City's street system which encompasses 475 miles of arterials, collectors and residential streets
and which is growing at the rate of approximately 3% or 15 miles per year; and
WHEREAS, maintenance activities conducted under the Program include the repair,
renovation and reconstruction of curbs, gutters, bridges, sidewalks, parkways, shoulders and
medians; and
WHEREAS,the Program is currently one of four sources for fully funding such repairs and
reconstruction and constitutes the single largest source of funding for the Program; and
WHEREAS,by continuing this dedicated funding source, separate from the General Fund,
the City would not only be able to provide a higher level of maintenance for City streets but would
also be able to obtain assistance in funding the Program from non-City residents that use the City's
street system; and
WHEREAS, the Council believes it to be in the best interests of the residents of the City to
extend the quarter-cent sales and use for the Street Maintenance Program for a period of ten (10)
years.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby submitted to the registered electors of the City at the next regular City
election to be held on April 5, 2005, the question of whether to extend the Tax for the City's Street
Maintenance Program for a period of ten (10) years, which question shall be submitted in
substantially the following form:
BALLOT ISSUE NO. 3
A City-initiated Question
SHALL CITY OF FORT COLLINS TAXES BE INCREASED BY AN ESTIMATED$6,200,000
FOR THE FIRST FULL FISCAL YEAR (2006) AND BY SUCH AMOUNTS AS MAY BE
GENERATED ANNUALLY THEREAFTER BY EXTENDING THROUGH DECEMBER 31,
2015 THE EXISTING SALES AND USE TAX FOR THE STREET MAINTENANCE
PROGRAM AT THE RATE OF 0.25% (25 CENTS ON A $100 PURCHASE), WHICH TAX
IS PRESENTLY SCHEDULED TO EXPIRE DECEMBER 31,2005;PROVIDED THAT THE
REVENUES DERIVED FROM SUCH TAX EXTENSION SHALL BE USED TO PAY THE
COSTS OF PLANNING, DESIGN, RIGHT-OF-WAY ACQUISITION, INCIDENTAL
UPGRADES AND OTHER COSTS ASSOCIATED WITH:
• THE REPAIR AND RENOVATION OF CITY STREETS, INCLUDING BUT NOT
LIMITED TO CURBS, GUTTERS, BRIDGES, SIDEWALKS, PARKWAYS,
SHOULDERS AND MEDIANS;
AND FURTHER PROVIDED THAT THE FULL AMOUNT OF REVENUES DERIVED
FROM THE TAX EXTENSION MAY BE RETAINED AND EXPENDED BY THE CITY
NOTWITHSTANDING ANY STATE REVENUE OR EXPENDITURE LIMITATION,
INCLUDING THE LIMITATION CONTAINED ARTICLE X, SECTION 20 OF THE
COLORADO CONSTITUTION?
YES
NO
Passed and adopted at a regular meeting of the Council of the C' of Fort Collins held this
I st day of February, A.D. 2005.
Gj
Mayor
ATTEST:
City Clerk