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WHEREAS, by Ballot Issue 2A, approved at the November 4, 2008 election, the voters
<br />of the City approved the levy of a 0 125% sales tax, collected for a ten-year penod commencing
<br />January 1, 2009, with the net proceeds of such 0 125% percent sales tax to be collected, retained
<br />and spent exclusively for histonc preservation purposes within histonc Old Town Louisville, and
<br />WHEREAS, by Ballot Issue 2D, approved at the November 2, 2010 election, the voters
<br />of the City approved the levy of a permanent use tax of 3 50% to supersede the City's then -
<br />current use tax, with the net proceeds of such tax to be allocated such that revenues from a rate of
<br />0 125% are used for histonc preservation purposes consistent with said Ballot Issue 2A approved
<br />at the November 4, 2008 election, and
<br />WHEREAS, the temporary 0 125% sales tax approved by Ballot Issue 2A will expire on
<br />December 31, 2018, unless it is continued by approval of the City's voters, and
<br />WHEREAS, the City Council is of the opinion that it should refer to the voters at the
<br />November 7, 2017 regular election a TABOR ballot issue to continue the City's temporary sales
<br />tax for histonc preservation purposes for an additional ten years, commencing January 1, 2019,
<br />to expand from histonc Old Town Louisville to Citywide the area within which histonc
<br />preservation sales and use taxes may be spent, provided that any expenditure of such funds
<br />outside historic Old Town Louisville is approved by the affirmative vote of not less than five
<br />members of the entire City Council, and to authorize the expenditure, on the City's annual fiscal
<br />year basis, of up to twenty percent of the net proceeds of histonc preservation sales and uses
<br />taxes for operating and maintaining the Louisville Museum Campus, as further stated in this
<br />ordinance
<br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
<br />CITY OF LOUISVILLE, COLORADO:
<br />A. Effective January 1, 2019, Subsection A of Section 3.20.200 of the Louisville
<br />Municipal Code,* regarding the sales tax levy, is hereby amended to read as follows (words
<br />added are underlined; words deleted are s ielken eugh):
<br />Sec. 3.20.200. Levy of tax; rate.
<br />A There is hereby levied, and there shall be collected and paid, a
<br />sales tax equal to 3 15 percent of the purchase pnce of tangible personal property
<br />at retail or the furnishing of services, except that (1) for the ten-year penod
<br />beginning on January 1, 2014, there is hereby levied, and there shall be collected
<br />and paid, an additional sales tax of three-eighths of one percent of the purchase
<br />pnce of tangible personal property at retail or the furnishing of services, as
<br />authonzed at the November 6, 2012 election, and (2) for the ten-year penod
<br />beginning on January 1, 2019 2009, there is hereby levied, and there shall be
<br />collected and paid, an additional sales tax of one-eighth of one percent of the
<br />purchase pnce of tangible personal property at retail or the furnishing of services,
<br />as authonzed at the November 7, 2017 election
<br />Ordinance No 1743, Series 2017
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