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NOTICE OF PUBLIC HEARING
<br />ORDINANCE No.1310, SERIES 2021
<br />NOTICE IS HEREBY GIVEN that at a regular meeting d of the City
<br />Council ofethe oCity of Louisvrilllle,, Colorado, to be meeting, on July 27,
<br />Ca ncrop`hl ea IAlf ur of 6:00 ORDlINANCE Sin an uetu TTING electronicnyra r aItlielIST°E
<br />NI ELEcTL�ELEECTIOOF N A BAAT LLLO THE
<br />cONCCEItli1NNG INCRRFA2421 5 5 RN"
<br />CRY DEBT AND PROPERTY TAXES FOR THE PURPOSE OF CON-
<br />STRUCTING TRANSPORTATION IMPROVEMENTS, AND AO MORIZ-
<br />NNO OTHER ACTIONS REGARDING THE CONDUCT Or SUCH ELEC-
<br />TION.
<br />Published In the Daily Camera on July 18, 2021 withfull ordinance.
<br />ORDINANCE N0.1B10
<br />SERIES 2021
<br />AN THE ORDINANCE
<br />AT HE NOVEEMMBEERR 2,, 202TO 1 REGULAR MUUNICI AL ELEC-
<br />TIONRS
<br />RPAERRTTY TAXES ISSUE
<br />ER THE CONCERNING
<br />OP FilesTil IN CONS CONSTRUCTING
<br />TRANS-
<br />PORTATION IMPROVEMENTS, AND AUTHORIZING OTHER ACTIONS
<br />REGARDING THE CCOONNDDUUCCTT OF SUCH ELEC710N.
<br />WHEREAS, the City of Louisville (the "City"). Is a Colorado home
<br />rule municipal corporation duly organized and existing under laws
<br />o1 the State of Colorado and the Charter for the City of Louisville,
<br />Colorado (the "City Charter'): and
<br />WHEREAS, the members of the City Council of the City (the "City
<br />Council') have been duly elected and qualified; and
<br />WHEREAS. Article X. Section 20 of the Colorado Constitution, also
<br />referred to as the Taxpayers Bill of Rights (•TABOR") requires voter
<br />approval for any new tax, any Increase In any tax rate, lire creation
<br />of any debt, and the spending of certain funds above limits eslab-
<br />eshod by TABOR; and
<br />WHEREAS, pursuant to Article 12 and section 4-8 of the City Char.
<br />ter, lac City may authorize the Issuance of bonds, the imposition of
<br />new taxes and the Increase of a tax rate by ordinance and upon ap-
<br />proval of the registered electors of the City; and
<br />WHEREAS, the City Council has determined the interest of the City
<br />and the public Interest and necessity demand and require the ac-
<br />quisition described in therobaalllot questttioonlnssoSt forth In
<br />tion Section improvements. ef. ell
<br />Data cost estimated at approximately S51.420,000'(the "Prefect,;
<br />WHEREAS, the City Council is of the opinion that the City should in-
<br />cur debt and increase the City 1 property tax mill levy for the pay-
<br />ment of such debt, as further stated in this ordinance; and
<br />WHEREAS, TABOR requires that the City submit ballot Issues, as de-
<br />fined in TABOR. to the City's reentered electors 0n specified elect
<br />don days before action can be taken on such ballot issues; and
<br />WHEREAS. the City will hold a regular munlclpal election on Novem-
<br />ber 2. 2021; and
<br />WHEREAS, November 2. 2021. Is one of the election dates at which
<br />TABOR ballot Issues may be submitted to the registered electors of
<br />the City pursuant to TABOR; and
<br />WHEREAS the County Clerk and Recorder for Boulder County (the
<br />County Clerk") will conduct the election on November 2, 2021 as a
<br />coordinated mall ballot election pursuant to the Uniform Election
<br />Code of 19e2 as amended: and
<br />WHEREAS,the City Council finds it is in the best interest of the City
<br />to refer a TABOR ballot issue to a vote of the registered electors of
<br />the City at the November 2 2021. municipal election pursuant to Ar-
<br />ticle X, Section 2q of the Colorado Constitution.
<br />NOW THEREFORE, BE ITCR ORDAINED BY THE Y COUNCIL OF
<br />THE CITY OF LOUISVILLE, C0L0RAD0;
<br />Section 1. The regular munklpal election of the City to be field
<br />on November 2, 2021,shall be held and conducted as part of a coor-
<br />dinated mail ballot eection to be conducted by the County Clerk in
<br />accordance with the Uniform Election Code of 1992, as amended.
<br />Section 2. pursuant to applicable provisions of the laws of the
<br />State of Colorado and the Charter for the Cityof Louisville, Calera-
<br />f the
<br />do, the City
<br />such Council
<br />Cityyyeflectioo to bto e registered
<br />Noemr electors 2 21.
<br />(the "election"), the ballot Issue specified In Section 3 of this ordi-
<br />nance.
<br />Section 3. The following ballot Issue, certified In substantially
<br />the form set forth below IS hereby referred to the registered elec•
<br />tors of the City and shall appear on the ballot f the City of Louis-
<br />ville regular election to be held on November 2, 2021:
<br />SHALL CITY OF LOUISVILLE DEBT BE INCREASED S51420000, WITH
<br />A REPAYMENT COST OF UP TO $90,240,000; AND SHALL CITY PROP-
<br />ERTY TAXES 8E INCREASED UP TO 53.786.00e ANNUALLY. OR BY
<br />SUCH LESSER AMOUNT AS MAY BE NECESSARY TO PAY SUCH DEBT
<br />FROM AN ADDITIONAL AD VALOREM PROPERTY TAX MILL LEVY
<br />NOT TO EXCEED 5.450 MILLS SUBJECT TO THE FOLLOWING CONDI-
<br />T10NS:.
<br />(1) SUCH DEBT AND TAXES SHALL 8E USED FOR THE PURPOSE OF
<br />FINANCING THE ACQUISITION AND CONSTRUCTION OF TRANSPOR-
<br />TATION IMPROVEMENTS INCLUDING BUT NOT LIMITED TO
<br />UNDERPASSES, BIKE PATHS, PEDESTRIAN WALK WAYS, TRAILS,
<br />AND RELATED IMPROVEMENTS OR TO REFUND SUCH DEBT AT A
<br />HIGHER OR tovige. INTEREST RATE (OR TO CREATE A RESERVE FOR
<br />(2)SSUCSUCH DEBT H PURPOSES);p pETIIASCONTRACT'S
<br />O L• OACITY,
<br />AGRf EMEi TSEA P OED E PAYAAABBLE FROM PROPERTY
<br />EX-
<br />ISTING CITY LEVY
<br />S AND USEiAXES AASS DETERMINED ALSO
<br />HE COUN-
<br />CIL AND FROM OTHER AVAILABLE REVENUE OF THE CITY;
<br />(3) SUCH DEBT SHALL BE SOLD IN ONE OR MORE SERIES, ON
<br />TERMS AND CONDITIONS AND WITH SUCH MATURITIES AS PERMIT-
<br />TED BY LAW AND AS THE CITY MAY DETERMINE, INCLUDING PROVI-
<br />SIONS FOR SALE OF THE BONDS AT A. PRICE ABOVE OR BELOW PAR,
<br />AND FOR REDEMPTION OR PREPAYMENT PRIOR TO MATURITY,
<br />00%WITH: OR WITHOUT PAYMENT OF A PREMIUM NOT TO EXCEED 3.
<br />AND SHAH THE CITY BE AUTHORIZED TO INCREASE SUCH MILL
<br />LEVY BEGINNING IN TAX COLLECTION YEAR 2022 AND ANNUALLY
<br />THEREAFTER To OFFSET PROPERTY TAX REFUNDS OR ABATEMENTS
<br />O 011111MINNE�A55ESSED PERCENTAGE
<br />ON AND ACTUAL
<br />EARNINGS
<br />FROM THE INVESTMENT OF THE PROCEEDS OF SUCH DEBT 51JCH
<br />SALES AND USE TAX REVENUES AND SUCH PROPERTY TAX REVE-
<br />NUES BE COLLECTED, RETAINED. AND SPENT AS A VOTER -
<br />APPROVED REVENUE CHANGE AND AN EXCEPTION TO LIMITS
<br />WHICH WOULD OTHERWISE APPLY UNDER ARTICLE X, SECTION 20
<br />OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?
<br />,Section„4. The City Council may submit additional ballot issues
<br />or other measures to appear on the ballot of the election by the
<br />adoption off, appropriate resolutions or ordinances apart
<br />required. by
<br />coordi-
<br />n ienated t ballot election. Pon Pursul ant to C.R.S. Secctioon 1 10-1102.7.
<br />the City mailwll utilize the requirements and procedures of the Uniform
<br />Election Code of 1992, articles aa1 to
<br />oC 13 of title 1�, aaCK..Rtc.S., 11as amended.
<br />in C.Rlieu
<br />of a3 amended. There CIICYIC`erk its Code
<br />rebySilppointod as the des-
<br />ignaateedd election official of the City for purposes of performing acts
<br />resection 0. Becausetheed the election connection
<br />heldlmas�partiOf the coor-
<br />dinated mall ballot election, the City Council hereby determines
<br />that the County Clerk shall conduct the election on behalf of the
<br />aeocaDaCeeyaBrieweer amended. The extentand
<br />the Ciittyyre hbyauUoid to nter
<br />into one or more intergovernmental agreements with the County
<br />Clerk pursuant to Section 1.7.116 and/or Article 73, T@le 1. CAS.
<br />Any such intergovernmental agreement heretofore entered Into in
<br />connection with the election is hereby ratified, approvedand con -
<br />armed.
<br />- 1...A...7.. F .majority o1 the votes c qu Lion o au•
<br />Prairie Mountain Media, LLC
<br />PUBLISHER'S AFFIDAVIT
<br />County of Boulder
<br />State of Colorado
<br />The undersigned, Shavla Naiera , being first duly
<br />sworn under oath, states and affirms as follows:
<br />1. Helshe is the legal Advertising Reviewer of
<br />Prairie Mountain Media LLC, publisher of the
<br />Daily Camera.
<br />2. The Daily Camera is a newspaper
<br />of general circulation that has been published
<br />continuously and without interruption for at (east
<br />fifty-two weeks in Boulder County and
<br />meets the legal requisites for a legal newspaper
<br />under Colo. Rev. Stat. 24-70-103.
<br />3. The notice that is attached hereto is a true copy,
<br />published in the Daily Camera
<br />in Boulder County on the following date(s):
<br />Jul 18. 2021
<br />Subscribed and sworn to me before me this
<br />1 / ' day of
<br />Notary Pu
<br />(SEAL)
<br />, &6'
<br />MELISSA L NAJERA
<br />NOTARY PUBLIC
<br />STATE OF COLORADO
<br />NOTARY ID 20064049936
<br />MY COMMISSION EXPIRES DECEMBER 11, 2022
<br />Account:
<br />Ad Number:
<br />Fee:
<br />1048836
<br />1816202
<br />$327.80
<br />1.4
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