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HomeMy WebLinkAbout1983-014-01/04/1983-TAKING MEASURES TO INSURE SOUND FINANCING IN THE CITY OF FORT COLLINS FOR 1983 RESOLUTION 83- 14 OF THE COUNCIL OF THE CITY OF FORT COLLINS TAKING MEASURES TO INSURE SOUND FINANCING IN THE CITY OF FORT COLLINS FOR 1983 WHEREAS, on October 19, 1982, the Council of the City of Fort Collins adopted Ordinance No 113, 1982, imposing an additional 75 hundredths percent Sales and Use Tax in the City of Fort Collins to be effective December 1, 1982, and WHEREAS, subsequent to the adoption of the aforementioned ordinance, qualified electors of the City of Fort Collins submitted petitions to the City Clerk calling for a referendum on the 75 hundredths percent Sales and Use Tax issue, and WHEREAS, pursuant to Article XVII, Section 3, of the Charter of the City of Fort Collins, the Council adopted Ordinance No 152, 1982, said ordinance referring the 75 hundredths percent Sales and Use Tax issue to a vote of the people at the general City election to be held March 8, 1983, and WHEREAS, the amount of estimated revenue to be received from sales and use tax collections in 1983 will be insufficient for the annual appropri- ations ordinance adopted October 5, 1982 as a result of said referendum, and WHEREAS, the City of Fort Collins wishes to maintain the sound fi- nancing of City government NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF FORT COLLINS as follows Section 1 That appropriations totaling THREE MILLION SEVEN HUNDRED FIFTY THREE THOUSAND ONE HUNDRED NINETY-ONE DOLLARS ($3,753,191) be frozen pending the results of the March 8 election as follows Old City Hall Renovation $ 403,939 Street Rehabilitation 400,000 Timberline & Prospect Intersection 1,574,000 Timberline-Prospect to Summitview 392,000 South Lemay-Horsetooth to Harmony 554,000 Street Oversizing 200,000 Contribution to Social Service Agencies 10,932 Park Maintenance for new Cormunity Parks 186,124 Capital Reserves 32,196 TOTAL $3,753,191 r Section 2 That the 1983 General City Capital Improvement Program include only the following projects pending the results of the sales tax issue Block 31 $ 100,000 Southside Service Center Site Improvements 863,275 Old Municipal Building Renovation 387,406 Street Rehabilitation 500,000 Capital Reserves 671,704 TOTAL $2,522,385 Section 3 That the Sales Tax Rebate Program for qualified residents is hereby deferred pending the results of the sales tax issue Passed and adopted at a regular meeting of City Council held this 4th day of January, A D 1983 ATTEST Mayor City C erc -2-