Ordinance 1973-425 - Laserfiche WebLink

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ORDINANCE NO. 425 AN ORDINANCE ENACTING A DOCUMENTARY FEE UPON THE RECORDING OF DOCUMENTS OF TITLE CONVEYING REAL PROPERTY IN THE CITY OF LOUISVILLE, PROVIDING FOR THE IMPOSITION AND COLLECTION OF THE SAME AND ESTABLISHING CERTAIN EXCEPTIONS. WHEREAS, the City Council of the City of Louisville, Colorado, deems it necessary and appr'opriate to enact a City Documentary Fee upon any deed or instrument in \'lriting, wherein or whereby title to real property situated in this City is granted or conveyed. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Definitions: (a) Person. "Personll means and includes any individual, firm, copartnership, Joint venture, association, fraternal organization, cor- poration, estate, trust, trustee in bankruptcy, executor, administrator, syndicate, the United States, this State, any county, city and county, municipality, district or other political subdivision of the State, or any group or combination acting as a unit. (b) Document. "Document" means and includes any deed, contract of sale, instrument or writing by which real property located in the City of Louisville is transferred. "Documentll shall not mean or include any decree of distribution in probate proceedings, any document terminating or evidencing termination of a Joint tenancy in real property except where an additional consideration of value is paid in connection with such termination, or a decree of agreement partitioning real property held under common ownership unless a consideration of value is paid in connection therewith. (c) Transfer. "Transfer" means and includes any conveyance of the ownership of or titll~ to real property and is evident by any person offering for recording in the office of the County Clerk and Recorder in the County of Bnulder, Colorado, any deed or instrument in writing wherein or whereby title to real property situated in this City is granted or conveyed, subject to the exclusions provided in this Ordinance. Transfer shall not mean or include the transfer of title to a trustee solely as securi t~1 for an obl igation, the change of interest in real property by reason of death, will or decree of distribution, nor any increase in an estate in real property be reason of termination of Joint tenancy or by partition of property unless a consideration of value be paid in connection with such joint tenancy termination or such partition. (d) Real Property. "Real Property" means and includes all lands or interests in lands within the City to which title or the right of title has been acquired from or ratified by the government of the United States or the State of Colorado; all mines, minerals and quaries in and under the land and all rights and privileges appertaining thereto, and improvements.