Ordinance 2017-1743 - Laserfiche WebLink

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Louisville E Eligibility for histonc landmarking shall be determined by the Louisville Historic Preservation Commission and any approval thereof shall be by the city council pursuant to city ordinances as in effect from time to time F All incentive funding decisions shall be approved by the city council Incentive programs and the procedures applicable to the administration and receipt of such incentives shall be as provided by city council ordinance or resolution, the provisions of which shall not be inconsistent with the provisions of this section and applicable ballot issues - • , 1 1 ; G Anv proposed expenditure of historic preservation funds outside histonc Old Town Louisville shall be approved by the affirmative vote of not less than five members of the entire City Council C. Effective January 1, 2019, Subsection B. of Section 3.20.610 of the Louisville Municipal Code is hereby amended to read as follows (words added are underlined ; words deleted are stricken through): Sec. 3.20.610. – Use tax—Use of specified revenues. B Revenues from a one-eighth percent rate of use tax shall be deposited into the histonc preservation fund and the net proceeds of such one- eighth percent use tax shall be collected, retained and spent exclusively for the histonc preservation purposes - e _.. as provided in subsection 3 20 605-R of this chapter Section 2. Total City tax revenues are estimated to increase by up to $550,000 in the first full year m which the sales tax provided for in this ordinance is in effect However, the revenues from said sales tax may be collected and spent, regardless of whether said revenues, in any year after the first full year m which said sales tax is in effect, exceed the estimated dollar amount stated above, and without any other limitation or condition, and without limiting the collection or spending of any other revenues or funds by the City of Louisville, under Article X, Section 20 of the Colorado Constitution or any other law Section 3. This ordinance shall not take effect unless and until a majority of the registered voters voting at the special municipal election on November 7, 2017 vote "yes" in response to the following ballot title BALLOT ISSUE SHALL CITY OF LOUISVILLE TAXES BE INCREASED $550,000 IN 2019 AND THEN ANNUALLY BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED THEREAFTER FROM THE CONTINUATION OF THE CITY'S Ordinance No 1743, Series 2017 Page 5 of 7