Ordinance 2005-1474 - Laserfiche WebLink

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property and services will produce additional revenues for needed facilities and services and that, unlike a number of area statutory and home rule jurisdictions, the City's current use tax is collected only upon two categories of property, that being nonresidential construction materials and vehicles; and WHEREAS, Article X, Section 20 of the Colorado Constitution, also referred to as the Taxpayer's Bill of Rights ("TABOR") requires voter approval for any new tax, any tax policy change directly causing a net revenue gain, and the spending of certain funds above limits established by TABOR; and WHEREAS, pursuant to and as required by the Constitution and laws of the State of Colorado, it is necessary to have voter approval of a TABOR ballot issue concerning the imposition of the use tax provided for herein, and it is also necessary to have voter approval to allow funds collected through such use tax to be reserved for and carried over to subsequent years; and WHEREAS, TABOR requires that the City submit ballot issues, as defined in TABOR, to the City's registered electors on specified election days before action can be taken on such ballot issues; and WHEREAS, the City will hold a regular municipal election on November 1, 2005, as a coordinated mail ballot election, and such date is one of the election dates at which TABOR ballot issues may be submitted to the registered electors of the City; and WHEREAS, City Council finds it is in the best interest of the City and its citizens to submit to the registered electors of the City the question of imposing the City's use tax upon the use, storage, distribution or consumption of other articles of tangible personal property and upon certain taxable services on which the City sales tax has not been paid, as further stated in this ordinance, NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: A. Subsections C and D of Section 3.20.300 of the Louisville Municipal Code are hereby renumbered as, respectively, Subsections D and E, and said Section 3.20.300 is hereby amended by the addition of a new Subsection C, to read as follows: Sec. 3.20.300. Levy of tax; rate. There is imposed and there shall be paid and collected a use tax: C, Upon the privilege of using, storing, distributing, or consuming within the city any other article of tangible personal property or taxable services purchased, leased or rented from sources inside or outside the City, on which the City sales tax has not been paid, 2