HomeMy WebLinkAbout1983-015-01/04/1983-COMMITTING THOSE MONIES GENERATED BY AN ADDITIONAL 75 SALES AND USE TAX TO SPECIFIC PROJECTS (NO ACT 2
RESOLUTION 83-15 %
OF THE COUNCIL OF THE CITY OF FORT COLLINS
COMMITTING THOSE MONIES GENERATED BY AN ADDITIONAL /
75 SALES AND USE TAX TO SPECIFIC PROJECTS
WHEREAS, on October 19, 1982, the Council of the City of Fort Collins
adopted Ordinance No 113, 1982, imposing an additional ,15 hundredths
percent ( 75%) 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 submftted petitions to the
City Clerk calling for a referendum on the 75 hundredths percent ( 75%)
Sales and Use Tax issue, and /
WHEREAS, the additional seventy-five hundredths percent ( 75%) Sales
and Use Tax represents a sound business approach in addressing the needs of
the City to /
1) protect the investment of the rrent infrastructure,
2) provide for the capital eeds of our growing community, and
3) provide for the life safe/ty and convenience of the residents who
now live in Fort Collis, and
WHEREAS, without the addition of the seventy-five hundredths percent
( 75%) Sales and Use Tax, tpe deferred cost to address needed street repair
and congestion will be significantly higher, and
WHEREAS, the addition of the seventy-five hundredths percent ( 75%)
Sales and Use Tax r"resents the final element of a soundly financed
package that has bptn developed by this and previous City Councils to
address all Curren and ongoing operations and capital needs of the City of
Fort Collins
WHEREAS, rsuant to Article XVII, Section 3, of the Charter of the
City of Fort, ollins, the Council adopted Ordinance No 152, 1982, said
ordinance r erring the 75 hundredths percent ( 75%) Sales and Use Tax
issue to a ote of the people at the general City election to be held March
8, 1983, d
W REAS, it is the opinion of the Council that said proposed referen-
dum i an issue in which the Council has an official concern, and
WHEREAS, Council wishes to take official action to set aside, for
s cified projects, those monies to be generated by an additional 75
ales and use tax increase
Taken
114/ B3
NOW, THEREFORE, BE IT RESOLVED as follows
Section 1 That upon passage/initiation of an additional 75% Sales
and Use Tax the City Council commits to expend the revenues of this
tax for capital construction projects
Section 2 That the City Council commit that the following capital
construction projects will be the projects for which expenditures of
the proceeds of this tax will be made, and only upon the completion
of these projects will excess revenues, if any, be allocated to other
projects
Percent
Street Rehabilitation $ 4 5 million 21%
Street Program 10 0 million 47%
Timberline-Prospect Intersection
South Lemay-Horsetooth to Harmony
Drake-Taft Hill Intersection
Prospect Street-Shields to Taft
including intersections
Timberline Road-Prospect to Summitview
ROW and Construction
Shields-Mulberry Intersection
Drake-UP RR Crossing
Drake Road-C&S to Shields Reconstruction
South College Medians
(Horsetooth to Harmony)
Horsetooth-UP RR Crossing
Street Oversizing
Lincoln-Mountain Intersection
0 & M for New Community Park Areas $ 1 6 million 7%
Facilities $ 3 6 million 16%
Block 31
Old City Hall
South Side Service Center
Indoor Pool
Outdoor Pool-Bath House
Parks & Rec Administration
Lincoln Center Canyon West
City Fire Protection (PFA) 2 0 million 9%
Station in So East
Increase Rescue Response
in So East (Ladder, Truck & Battalion)
Station in North
Administrative Offices
Rolling Stock Replacement
Section 3 That this tax will expire at the end of 5 years or, in the
alternative, be submitted anew to the voters with a new list of projects
Section 4 That the City Council hereby finds and determines that
this tax is necessary to insure a sound business approach to which the
Council is committed, particularly
a) the protection of investment in the infrastructure,
b) providing the capital needs for the future, and
c) providing for the life, safety and convenience of present resi-
dents, and to avoid deferring needed street repair, maintenance,
and new construction
Section 5 City Council finds and determines that this tax is the
final element in a sound-financing package developed by many City Councils
over many years and, as such, City Council commits there will be no sales
or property tax increases by the City for the next 5 years, unless author-
ized by the voters
Passed and adopted at a regular meeting held this 4th day of January,
A D 1983
Mayor
ATTEST
City Clerk
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