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City of Louisville <br />Sample Historic Preservation Sales Tax Question <br />Draft 5/20/08 For Discussion Purposes Only <br />SHALL CITY OF LOUISVILLE 'TAXES BE INCREASED $340,000 IN 2009 <br />(FIRST FULL FISCAL YEAR IN(:REASE) AND ANNUALLY THEREAFTER <br />IN SUCH AMOUNTS AS ARE RECEIVED EACH YEAR FROM THE LEVY <br />OF AN ADDITIONAL SALES TAX OF ONE-EIGHTH OF ONE PERCENT <br />(0.125%); WITH SUCH TAX TO COMMENCE ON JANUARY 1, 2009 AND <br />EXPIIZE AFTER SUCH DATE, WITH THE NET PROCEEDS OF <br />SUCH ONE-EIGHT PERCENT SALES TAX TO BE COLLECTED, RETAINED <br />AND SPENT EXCLUSIVELY FOR HISTORIC PRESERVATION PURPOSES <br />AS DETERMINED BY THE CITY COUNCIL, TO INCLUDE, WITHOUT <br />LIMITATION, ACQUISITION .AND REHABILITATION OF HISTORIC <br />PROPERTIES TO BE SOLD WITH CONSERVATION EASEMENTS; <br />ACQUISITION OF CONSERVATION EASEMENTS ON HISTORIC <br />PROPERTIES; FUNDING OF GRANTS AND LOW-INTEREST LOAN <br />PROGRAMS FOR THE REHABILITATION OF HISTORIC PROPERTIES; <br />COMPLETION OF HISTORIC SURVEYS ON BUILDINGS IN LOUISVILLE <br />OVER 50 YEARS OLD; FUNDING OF PROPERTY TAX REBATES FOR <br />LANDMARKED PROPERTIES; FUNDING OF SALES AND PERSONAL <br />PROPERTY TAX REBATES FOR BUSINESSES LOCATED IN <br />LANDMARKED PROPERTIES; FUNDING OF SALES AND USE TAX <br />REBATES ON THE PURCHASE OF BUILDING MATERIALS USED IN THE <br />REHABILITATION OF HISTORIC PROPERTIES; FUNDING OF BUILDING <br />PERMIT FEE REBATES FOR PERMITS REQUIRED FOR <br />REHABILITATION OF HISTORIC PROPERTIES; FUNDING OF A <br />PUBLIC/PRIVATE FOUNDATION FOR HISTORIC PRESERVATION; AND <br />FUNDING OF OTHER HISTORIC PRESERVATION PROGRAMS AND <br />EXPENDITURES AS DETERMINED BY CITY COUNCIL; AND SHALL THE <br />CITY BE PERMITTED TO COLLECT, RETAIN AND EXPEND ALL <br />REVENUES DERIVED FROM SUCH TAX AS A VOTER-APPROVED <br />REVENUE CHANGE AND AN :EXCEPTION TO LIMITS WHICH WOULD <br />OTHERWISE APPLY UNDER ARTICLE X, SECTION 20 OF THE <br />COLORADO CONSTITUTION OR ANY OTHER LAW? <br />YES <br />NO <br />