Resolution 2005-29 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 29 SERIES 2005 A RESOLUTION REFERRING TO A VOTE OF THE REGISTERED ELECTORS OF THE CITY OF LOUISVILLE AT THE NOVEMBER 1, 2005, ELECTION A TABOR BALLOT ISSUE TO AUTHORIZE THE IMPOSITION OF THE CITY'S 3.375 PERCENT USE TAX, CURRENTLY COLLECTED UPON NONRESIDENTIAL BUILDING MATERIALS AND VEHICLES, UPON THE USE, STORAGE, DISTRIBUTION OR CONSUMPTION OF ANY ARTICLE OF TANGIBLE PERSONAL PROPERTY OR SERVICES PURCHASED, LEASED OR RENTED FROM SOURCES INSIDE OR OUTSIDE THE CITY, ON WHICH THE CITY SALES TAX HAS NOT BEEN PAID WHEREAS, the City of Louisville (the "City"), is a Colorado home rule municipal corporation duly organized and existing under laws of the State of Colorado and the City Charter (the "City Charter"); and WHEREAS, Article XX of the Colorado Constitution grants plenary power to home rule cities to levy and collect taxes within the City limits; and WHEREAS, pursuant to voter authorization, the City has previously adopted a permanent use tax of three percent (3%), which tax is upon the privilege of using or consuming within the city, construction and building materials purchased at retail for use in connection with commercial, industrial or other nonresidential construction or building projects, and upon the privilege of storing, using or consuming within the city any motor and other vehicles purchased at retail on which registration is required; and WHEREAS, pursuant to voter authorization at the November 5,2002, election, the City has also increased the rate of such use tax by three-eights of one-percent (Ys %), such additional tax to be imposed for a ten-year period commencing January 1, 2004 and the revenues therefrom to collected, retained and spent exclusively for the acquisition of land in and around the City of Louisville for open space buffer zones, trails, wildlife habitats, wetlands preservation and future parks; and for the development, construction, operation and maintenance of such open space zones, trails, wildlife habitats, wetlands and parks; and WHEREAS, the City Council finds and determines that the City is in need of additional revenues; and WHEREAS, the City Council finds that imposition of the City use tax upon the use, storage, distribution or consumption of other types of 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 1