City Council Minutes 2006 07 18 - Laserfiche WebLink

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City Council Meeting Minutes July 18, 2006 Page 4 of 7 RESOLUTION No. 29, SERIES 2006 - A RESOLUTION REFERRING TO A VOTE OF THE REGISTERED ELECTORS OF THE CITY OF LOUISVILLE AT THE NOVEMBER 7,2006, SPECIAL MUNICIPAL ELECTION A TABOR BALLOT ISSUE TO AUTHORIZE THE IMPOSITION OF THE CITY'S USE TAX, CURRENTLY COLLECTED UPON VEHICLES AND NONRESIDENTIAL CONSTRUCTION AND BUILDING MATERIALS, UPON THE USE, STORAGE, DISTRIBUTION OR CONSUMPTION OF ANY SERVICES OR ANY ARTICLE OF TANGIBLE PERSONAL PROPERTY, OTHER THAN RESIDENTIAL CONSTRUCTION AND BUILDING MATERIALS, THAT ARE PURCHASED, LEASED OR RENTED FROM SOURCES INSIDE OR OUTSIDE THE CITY, FOR WHICH THE CITY SALES TAX HAS NOT BEEN PAID RESOLUTION No. 30, SERIES 2006 - A RESOLUTION REFERRING TO A VOTE OF THE REGISTERED ELECTORS OF THE CITY OF LOUISVILLE AT THE NOVEMBER 7,2006, SPECIAL MUNICIPAL ELECTION A TABOR BALLOT ISSUE TO AUTHORIZE THE IMPOSITION OF THE CITY'S USE TAX, CURRENTLY COLLECTED UPON VEHICLES AND NONRESIDENTIAL CONSTRUCTION AND BUILDNG MATERIALS, UPON THE USE, STORAGE, DISTRIBUTION OR CONSUMPTION OF CONSTRUCTION AND BUILDING MATERIALS PURCHASED AT RETAIL FOR USE IN CONNECTION WITH NEW RESIDENTIAL CONSTRUCTION OR NEW RESIDENTIAL BUILDING PROJECTS Mayor Sisk requested a Staff presentation. Finance Director Patty Leslie explained at the July 11 Study Session the City Council requested staff prepare wording for two possible ballot questions to be discussed at the July 18 City Council meeting. The first question included in Resolution No. 29 would ask the Louisville voters to consider the imposition of a use tax" Currently a use tax is collected on vehicles and non-residential building materials in the amount of 3%. In addition, a sales and use tax of 3/8% is currently collected for open space purchases and improvements. That tax was re-authorized for ten years by the Louisville voters in 2002. If approved, the use tax would apply to items subject to sales tax excluding residential construction and building materials. An ordinance defining specifically the items that would be subject to the tax would have to be adopted by City Council. This question is the same as the question submitted to the Louisville voters in November 2005 (Ballot Issue 2A). The second question, included in Resolution No. 30 would ask the Louisville voters to consider the imposition of a use tax on building materials purchased for new residential construction. If approved, this tax would apply to building materials purchased for new residential construction and building projects. An ordinance would have to be adopted by City Council outlining specifically the