City Council Minutes 1994 08 16 - Laserfiche WebLink

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FOR OPEN SPACE BUFFER ZONES, TRAII,S, WII,DLIFE HABITATS, WETLANDS, PRESERVATION AND FUTURE PARKS; AND PROVIDING FOR THE SUBMISSION OF THE ORDINANCE TO A VOTE OF THE REGISTERED ELECTORS AT A SPECIAL ELECTION CALLED FOR NOVEMBER 8, 1994 - 2ND READING - PUBLIC HEARING CONT'D FROM 8/2/94 Griffiths read by title only Ordinance No. 1157, Series 1994, "An ordinance providing for the extension of the city's Use Tax to the use or consumption of residential construction and building materials purchased at retail, for purposes of furthering the acquisition, improvement, or expansion of educational facilities of Boulder Valley School District RE-2 serving the citizens of Louisville and their school-age children, and for purposes of the acquisition of land in and around the city for open space buffer zones, trails, wildlife habitats, wetlands, preservation and future parks; and providing for the submission of the ordinance to a vote of the registered electors at a special election called for November 8, 1994 - 2nd Reading - public hearing continued from 8/2/94." Davidson opened the continuation of the public hearing on Ordinance No. 1157 calling for anyone in the audience wishing to speak on this Ordinance. NONE Davidson closed the public hearing. Davidson called on the City Attorney. Susan Griffiths, City Attorney, stated that before Council was a revised version of Ordinance No. 1157, providing that the city's use tax applicable to residential construction and building materials, which will be only for a limited period of time chosen by Council (9 - 10 years). The Ordinance allocates the revenues from the 3/8% open space tax approved by the voters last year as applied to building materials purchased at retail for use in residential construction and building projects to parks and open space purposes identified in the ordinance approved by the voters last year. She stated that the Ordinance had been submitted to the city's Bond counsel for review for any suggested changes in the Ordinance or the ballot question. Bond counsel had no suggestions for changes. Mayer suggested using the 9 year period, because both taxes (3/8% open space tax and this tax) would elapse at the same time without further voter approval. Lathrop wanted an effective date. Griffiths stated that as this is written it would be in effect the day after the election results are certified, unless this Ordinance is amended.