Ordinance 2021-1810 - Laserfiche WebLink

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WHEREAS, the City will hold a regular municipal election on November 2, 2021; and WHEREAS, November 2, 2021, is one of the election dates at which TABOR ballot issues may be submitted to the registered electors of the City pursuant to TABOR; and WHEREAS, the County Clerk and Recorder for Boulder County (the "County Clerk") will conduct the election on November 2, 2021 as a coordinated mail ballot election pursuant to the Uniform Election Code of 1992, as amended; and WHEREAS, the City Council finds it is in the best interest of the City to refer a TABOR ballot issue to a vote of the registered electors of the City at the November 2, 2021, municipal election pursuant to Article X, Section 20 of the Colorado Constitution. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. The regular municipal election of the City to be held on November 2, 2021, shall be held and conducted as part of a coordinated mail ballot election to be conducted by the County Clerk in accordance with the Uniform Election Code of 1992, as amended. Section 2. Pursuant to applicable provisions of the laws of the State of Colorado and the Charter for the City of Louisville, Colorado, the City Council hereby submits to the registered electors of the City, at such regular City election to be held on November 2, 2021 (the "election"), the ballot issue specified in Section 3 of this ordinance. Section 3. The following ballot issue, certified in substantially the form set forth below, is hereby referred to the registered electors of the City and shall appear on the ballot of the City of Louisville regular election to be held on November 2, 2021: SHALL CITY OF LOUISVILLE DEBT BE INCREASED $51,420,000, WITH A REPAYMENT COST OF UP TO $90,240,000; AND SHALL CITY PROPERTY TAXES BE INCREASED UP TO $3,786,000 ANNUALLY, OR BY SUCH LESSER AMOUNT AS MAY BE NECESSARY TO PAY SUCH DEBT FROM AN ADDITIONAL AD VALOREM PROPERTY TAX MILL LEVY NOT TO EXCEED 5.450 MILLS SUBJECT TO THE FOLLOWING CONDITIONS: (1) SUCH DEBT AND TAXES SHALL BE USED FOR THE PURPOSE OF FINANCING THE ACQUISITION AND CONSTRUCTION OF TRANSPORTATION IMPROVEMENTS INCLUDING BUT NOT LIMITED TO UNDERPASSES, BIKE PATHS, PEDESTRIAN WALK WAYS, TRAILS, AND RELATED IMPROVEMENTS Ordinance No. 1810, Series 2021 Page 2 of 6