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<br />It is further the intent that if the ballot issue set forth in Section 1, above, is approved by the <br />registered electors at the November 1, 2005, election, then the City Council shall have the <br />authority, with the exception of the revenues subject to subsection A, above, to waive or reduce <br />the amount of use tax otherwise due and payable to the City pursuant to such approved ballot <br />issue and to enter into agreements for the sharing or crediting of revenues from such use tax if <br />city council determines that such waiver, reduction, sharing or credit is in the best interests of the <br />city. <br /> <br />Section 4. The officers and employees of the City are hereby authorized and directed <br />to take all necessary and appropriate action to effectuate the provisions of this Resolution in <br />accordance with Colorado law. <br /> <br />Section 5. Pursuant to C.R.S. Section 31-10-102.7, the City will utilize the <br />requirements and procedures of the Uniform Election Code of 1992, articles 1 to 13 of title I, <br />C.R.S., as amended, in lieu of the Colorado Municipal Election Code of 1965, article 10 of title <br />31, C.R.S., as amended, with respect to the regular municipal election to be held on November I, <br />2005, and such election shall be conducted as part of a coordinated mail ballot election. <br /> <br />PASSED AND ADOPTED this 2nd day of August <br /> <br /> <br />,2005. <br /> <br /> <br />Chari <br /> <br />7/2912005 12:53 PM[SJL] F:\CompanylLouisville\Ord\UseTaxAddition(2oo5) <br /> <br />4 <br />