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<br />WITHIN THE CITY CONSTRUCTION AND BUILDING <br />MATERIALS PURCHASED AT RETAIL FOR USE IN <br />CONNECTION WITH COMMERCIAL, INDUSTRIAL OR <br />OTHER NONRESIDENTIAL CONSTRUCTION OR <br />NONRESIDENTIAL BUILDING PROJECTS, AND FOR THE <br />PRIVILEGE OF STORING, USING OR CONSUMING <br />WITHIN THE CITY ANY MOTOR AND OTHER VEHICLES, <br />PURCHASED AT RETAIL ON WHICH REGISTRATION IS <br />REQUIRED, AND FROM THE THREE-EIGHTHS PERCENT <br />( 3/8 ) PERCENT USE TAX IMPOSED PURSUANT TO <br />ORDINANCE NO. 1157 (SERIES 1994), UPON THE <br />PRIVILEGE OF USING OR CONSUMING WITHIN THE <br />CITY CONSTRUCTION AND BUILDING MATERIALS <br />PURCHASED AT RETAIL FOR USE IN RESIDENTIAL <br />CONSTRUCTION OR RESIDENTIAL BUILDING PROJECTS, <br />SHALL BE USED EXCLUSIVELY FOR THE ACQUISITION <br />OF LAND IN AND AROUND THE CITY OF LOUISVILLE <br />FOR OPEN SPACE BUFFER ZONES, TRAILS, WILDLIFE <br />HABITATS, WETLANDS PRESERVATION AND FUTURE <br />PARKS. <br /> <br />3. EXCEPT AS PROVIDED IN PARAGRAPHS 1 AND 2 OF THIS <br />SUBSECTION C, ALL REVENUES FROM THE USE TAX SHALL <br />BE DEPOSITED IN SUCH FUND OR FUNDS AS THE COUNCIL <br />SHALL DESIGNATE. <br /> <br />B. Section 3.20.170 of the Louisville Municipal Code is amended <br />to read as follows: <br /> <br />3.20.170 Use Tax - Construction and building materials <br />- Collection, administration, and enforcement. <br /> <br />The collection, administration and enforcement of <br />the use tax on comn,,!!rcial construction and building <br />materials shall be performed by the city treasurer. The <br />council of the city is authorized to adopt all rules and <br />regulations which may be necessary or appropriate for the <br />collection, administration and enforcement of the use tax <br />on cornrhercial construction and building materials. <br /> <br />Section 2. Total City tax revenues are estimated to <br />increase by up to $559,330 in the first full year in which the use <br />tax extension provided for in this ordinance is in effect. <br />However, the revenues from said extension may be collected and <br />spent, regardless of whether said revenues, in any year after the <br />first full year in which said use tax extension is in effect, <br />exceed the estimated dollar amount stated above, and without any <br />other limitation or condition, and without limiting the collection <br />or spending of any other revenues or funds by the City of <br />Louisville, under Article X, Section 20 of the Colorado <br />Constitution or any other law. <br /> <br />4 <br />