HomeMy WebLinkAbout2002-085-09/03/2002-SUBMITTING TO THE REGISTERED ELECTORS A PROPOSED TWENTY-FIVE ONE HUNDREDTHS PERCENT SALES AND USE TA RESOLUTION 2002-085
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
EXCISE 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.025 cent sales and
use tax dedicated to transportation capital, exempting groceries and prescription drugs, as well as
a new twenty year 1% construction excise 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 to submit to the registered electors of the City the question of whether the foregoing taxes
should be imposed by the Council; and
WHEREAS, the imposition of a new tax requires voter approval under Article X, Section
20 of the Colorado Constitution; and
WHEREAS, by Ordinance No. 100, 2002, the City Council has called a special election to
be held in conjunction with the November general election on November 5, 2002.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the following question shall be submitted to the registered electors of the City of Fort
Collins at the special municipal election to be held on November 5, 2002:
CITY OF FORT COLLINS
BALLOT ISSUE
A CITY-INITIATED MEASURE PROPOSING A 0.25 PERCENT INCREASE IN CITY SALES
AND USE TAXES AND A PROPOSED 1% CONSTRUCTION EXCISE TAX TO FUND CERTAIN
TRANSPORTATION CAPITAL IMPROVEMENT PROJECTS
SHALL CITY OF FORT COLLINS TAXES BE INCREASED BY AN ESTIMATED$9.1 MILLION FOR THE
FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS MAY BE GENERATED ANNUALLY
THEREAFTER BY:
• AN INCREASE IN THE RATE OF SALES AND USE TAXES OF 0.25 PERCENT
(25t ON A $100 PURCHASE), TO BE IMPOSED ON ALL TAXABLE ITEMS
EXCEPT FOOD, TO COMMENCE JANUARY 1, 2003, AND TO EXPIRE
DECEMBER 31,2022;AND
• THE IMPOSITION OF AN EXCISE TAX UPON THE ISSUANCE OF BUILDING
PERMITS FOR ALL NEW CONSTRUCTION AND RECONSTRUCTION IN THE
CITY EXCEPT FOR RESIDENTIAL REMODELING PROJECTS THAT DO NOT
CREATE ADDITIONAL DWELLING UNITS AND COMMERCIAL AND
INDUSTRIAL REMODELING PROJECTS THAT DO NOT ADD SQUARE
FOOTAGE, AND EXCEPT FOR QUALIFIED AFFORDABLE HOUSING
PROJECTS,AT THE RATE OF ONE PERCENT(1.00%)OF THE COST OF SUCH
CONSTRUCTION OR RECONSTRUCTION,TO COMMENCE APRIL 1,2003,AND
TO EXPIRE MARCH 31,2023
WITH THE PROCEEDS OF SUCH NEW TAXES,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 PROJECTS SO DESIGNATED TO INCLUDE, BUT NOT BE LIMITED TO, THE
FOLLOWING:
• THE WIDENING AND IMPROVEMENT OF TIMBERLINE ROAD FROM DRAKE
ROAD TO PROSPECT ROAD;
• THE IMPROVEMENT AND EXTENSION OF THE MASON STREET
TRANSPORTATION CORRIDOR;
• AN OVERPASS OR UNDERPASS AND OTHER IMPROVEMENTS TO LEMAY
AVENUE NEAR THE INTERSECTION OF VINE DRIVE;
• OTHER INTERSECTION IMPROVEMENTS THROUGHOUT THE CITY;
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 INCREASES 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
Passed and adopted at a regular meeting of the City Council held this 3rd day of September,
A.D. 2002.
-I V4�4
Mayor
ATTEST:
City Clerk