HomeMy WebLinkAbout2003-026-02/18/2003-SUBMITTING TO THE REGISTERED ELECTORS A PROPOSED TWENTY-FIVE ONE HUNDREDTHS PERCENT SALES AND USE TA RESOLUTION 2003-026
OF THE COUNCIL OF THE CITY OF FORT COLLINS
SUBMITTING TO THE REGISTERED ELECTORS OF THE CITY
A PROPOSED TWENTY-FIVE ONE HUNDREDTHS PERCENT (0.25%)
SALES AND USE TAX ON ALL TAXABLE SERVICES
AND TANGIBLE PERSONAL PROPERTY EXCEPT FOOD
AND A PROPOSED ONE PERCENT (1%) CONSTRUCTION
TAX, FOR THE PURPOSE OF OBTAINING ADDITIONAL
REVENUES TO FUND CERTAIN TRANSPORTATION CAPITAL PROJECTS
WHEREAS,on August 20, 2002,the City Council adopted Resolution 2002-081, adopting
a strategy for long term transportation capital funding for the City; and
WHEREAS, such strategy includes the imposition of a new twenty-year .25 cent sales and
use tax dedicated to transportation capital, exempting groceries and prescription drugs, as well as
a new twenty-year 1% construction tax for the same purpose; and
WHEREAS,in view of the City's pressing transportation capital improvement needs and the
lack of sufficient revenues to fund those needs,the City Council believes it to be in the best interest
of the City that these taxes be adopted by the City; and
WHEREAS, the imposition of a new tax requires voter approval under Article X, Section
20 of the Colorado Constitution; and
WHEREAS,the City Council previously submitted to the registered electors of the City, at
a special election held in conjunction with the November 5,2002,General Election,a single question
as to whether both such taxes should be approved for a twenty-year term; and
WHEREAS, such tax proposal measure was narrowly rejected by the voters; and
WHEREAS, the Council believes that the taxes should be resubmitted to the voters as
separate ballot measures, with proposed effective dates of July 1, 2003, for the sales and use tax
increase, and October 1,2003,for the construction tax,and that the taxes should be proposed for an
initial term of ten years, with the question of extending the taxes for another ten years to be
submitted to the registered electors of the City before the expiration of the initial ten-year term; and
WHEREAS, the next regular election of the City is scheduled to be held on April 8, 2003.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the questions shown on Exhibits "A" and "B", attached hereto and incorporated
herein by this reference, shall be submitted to the registered electors of the City of Fort Collins at
the regular municipal election to be held on April 8, 2003.
Passed and adopted at a regular meeting of the City Council held this 18th day of February,
A.D. 2003.
Or
Mayor
A EST:
AUL k - .Im% ki
City Clerk
EXHIBIT "A"
BALLOT ISSUE NO. 1
A CITY-INITIATED MEASURE PROPOSING A 0.25%INCREASE IN THE CITY'S SALES AND
USE TAX TO FUND CERTAIN TRANSPORTATION CAPITAL IMPROVEMENT PROJECTS
SHALL CITY OF FORT COLLINS TAXES BE INCREASED BY AN ESTIMATED$6.75 MILLION FOR
THE FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS MAYBE GENERATED ANNUALLY
THEREAFTER BY AN INCREASE IN THE RATE OF THE CITY'S SALES AND USE TAX OF 0.25 %
(25¢ ON A $100 PURCHASE), ON ALL TAXABLE ITEMS, WITHOUT TAXING FOOD,
COMMENCING JULY 1,2003,AND CONTINUING THROUGH JUNE 30,2013,WITH THE QUESTION
OF EXTENDING SUCH TAX FOR ANOTHER TEN (10) YEARS TO BE SUBMITTED TO THE
REGISTERED ELECTORS OF THE CITY BEFORE THE END OF THE INITIAL TEN-YEAR PERIOD,
AND WITH THE PROCEEDS OF SUCH TAX RATE INCREASE,TOGETHER WITH INVESTMENT
EARNINGS THEREON,TO BE USED TO PAY FOR THE PLANNING,DESIGN,ACQUISITION AND
CONSTRUCTION OF CERTAIN TRANSPORTATION CAPITAL IMPROVEMENT PROJECTS,TO BE
DESIGNATED BY THE CITY COUNCIL NO LESS THAN ONCE EVERY FOUR(4)YEARS AS THE
HIGHEST PRIORITY TRANSPORTATION PROJECTS SHOWN ON A TWENTY (20) YEAR
TRANSPORTATION MASTER PLAN,WITH THE FIRST PHASE OF SUCH PLAN TO INCLUDE,BUT
NOT BE LIMITED TO,THE FOLLOWING PROJECTS:
HARMONY ROAD, COLLEGE TO SENECA
COLLEGEIHARMONY INTERSECTION
SHIELDS/HARMONY INTERSECTION
TIMBERLINE ROAD,PROSPECT TO DRAKE
TIMBERLINE/PROSPECT INTERSECTION
MASON TRANSPORTATION CORRIDOR
LEMAY AVE.,LINCOLN TO CONIFER RIGHT OF WAY
COLLEGE/DRAKE INTERSECTION
TAFT/ELIZABETH INTERSECTION
SHIELDS/ELIZABETH INTERSECTION
WITH EACH SUCH PROJECT TO BE CONTINGENT UPON THE AVAILABILITY OF SUFFICIENT
LOCAL, STATE AND/OR FEDERAL FUNDS TO COMPLETE THE PROJECT AND WITH THE
SCOPE, COST AND SCHEDULING OF EACH PROJECT TO BE DETERMINED BY THE CITY
COUNCIL; AND SHALL THE CITY OF FORT COLLINS BE AUTHORIZED TO COLLECT AND
EXPEND ALL OF THE PROCEEDS OF SUCH TAX RATE INCREASE AND INVESTMENT
EARNINGS THEREON, NOTWITHSTANDING ANY APPLICABLE LIMITATION ON REVENUES
AND EXPENDITURES,INCLUDING THE LIMITATIONS SET FORTH IN ARTICLE X,SECTION 20
OF THE COLORADO CONSTITUTION?
YES
NO
EXHIBIT "B"
BALLOT ISSUE NO. 2
A CITY-INITIATED MEASURE PROPOSING A 1% CONSTRUCTION TAX TO FUND CERTAIN
TRANSPORTATION CAPITAL IMPROVEMENT PROJECTS
SHALL CITY OF FORT COLLINS TAXES BE INCREASED BY AN ESTIMATED $2.5 MILLION
FOR THE FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS MAY BE GENERATED
ANNUALLY THEREAFTER BY THE IMPOSITION OF A TAX ON THE ISSUANCE OF BUILDING
PERMITS FOR ALL NEW CONSTRUCTION AND RECONSTRUCTION IN THE CITY AT THE
RATE OF 1%OF THE COST OF SUCH CONSTRUCTION OR RECONSTRUCTION,EXCEPT FOR:
• RESIDENTIAL REMODELING PROJECTS THAT DO NOT CREATE
ADDITIONAL DWELLING UNITS;
• COMMERCIAL AND INDUSTRIAL REMODELING PROJECTS THAT DO
NOT ADD SQUARE FOOTAGE; AND
• "AFFORDABLE HOUSING PROJECTS" AS DEFINED BY THE CITY
COUNCIL,
COMMENCING OCTOBER 1,2003,AND CONTINUING THROUGH SEPTEMBER 30,2013,WITH
THE QUESTION OF EXTENDING SUCH TAX FOR ANOTHER TEN (10) YEARS TO BE
SUBMITTED TO THE REGISTERED ELECTORS OF THE CITY BEFORE THE END OF THE
INITIAL TEN-YEAR PERIOD, AND WITH THE PROCEEDS OF SUCH NEW TAX, TOGETHER
WITH INVESTMENT EARNINGS THEREON, TO BE USED TO PAY FOR THE PLANNING,
DESIGN, ACQUISITION AND CONSTRUCTION OF CERTAIN TRANSPORTATION CAPITAL
IMPROVEMENT PROJECTS, TO BE DESIGNATED BY THE CITY COUNCIL NO LESS THAN
ONCE EVERY FOUR(4)YEARS AS THE HIGHEST PRIORITY TRANSPORTATION PROJECTS
SHOWN ON A TWENTY (20) YEAR TRANSPORTATION MASTER PLAN, WITH THE FIRST
PHASE OF SUCH PLAN TO INCLUDE,BUT NOT BE LIMITED TO,THE FOLLOWING PROJECTS:
HARMONY ROAD, COLLEGE TO SENECA
COLLEGE/HARMONY INTERSECTION
SHIELDS/HARMONY INTERSECTION
TIMBERLINE ROAD, PROSPECT TO DRAKE
TIMBERLINE/PROSPECT INTERSECTION
MASON TRANSPORTATION CORRIDOR
LEMAY AVE., LINCOLN TO CONIFER RIGHT OF WAY
COLLEGE/DRAKE INTERSECTION
TAFT/ELIZABETH INTERSECTION
SHIELDS/ELIZABETH INTERSECTION
WITH EACH SUCH PROJECT TO BE CONTINGENT UPON THE AVAILABILITY OF SUFFICIENT
LOCAL, STATE AND/OR FEDERAL FUNDS TO COMPLETE THE PROJECT AND WITH THE
SCOPE, COST AND SCHEDULING OF EACH PROJECT TO BE DETERMINED BY THE CITY
COUNCIL; AND SHALL THE CITY OF FORT COLLINS BE AUTHORIZED TO COLLECT AND
EXPEND ALL OF THE PROCEEDS OF SUCH NEW TAX AND INVESTMENT EARNINGS
THEREON, NOTWITHSTANDING ANY APPLICABLE LIMITATION ON REVENUES AND
EXPENDITURES,INCLUDING THE LIMITATIONS SET FORTH IN ARTICLE X,SECTION 20 OF
THE COLORADO CONSTITUTION?
YES
NO