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ORDINANCE NO. 1617 <br />SERIES 2012 <br />AN ORDINANCE IMPOSING FOR AN ADDITIONAL TEN-YEAR PERIOD THE <br />CITY'S THREE -EIGHTHS OF ONE PERCENT (% %) SALES TAX FOR OPEN SPACE <br />ACQUISITION, DEVELOPMENT, MAINTENANCE AND RELATED PURPOSES; <br />AND PROVIDING FOR THE SUBMISSION OF THE ORDINANCE TO A VOTE OF <br />THE REGISTERED ELECTORS AT A SPECIAL ELECTION TO BE HELD <br />NOVEMBER 6, 2012. <br />Section 1. The following ordinance of the City of Louisville, Colorado, is hereby <br />adopted to read: <br />WHEREAS, the City of Louisville (the "City"), is a Colorado home rule municipal <br />corporation duly organized and existing under laws of the State of Colorado and the City Charter <br />(the "City Charter"), and <br />WHEREAS, the members of the City Council of the City (the "City Council") have been <br />duly elected and qualified; and <br />WHEREAS, Article X, Section 20 of the Colorado Constitution, also referred to as the <br />Taxpayer's Bill of Rights ("TABOR") requires voter approval for any new tax, any increase in <br />any tax rate, the creation of any debt, extension of an expiring tax, and the spending of certain <br />funds above limits established by TABOR; and <br />WHEREAS, pursuant to Article 12 and Section 4-8 of the City Charter, the City may <br />authorize the issuance of bonds, the imposition of new taxes and the increase of a tax rate by <br />ordinance and upon approval of the registered electors of the City; and <br />WHEREAS, pursuant to resolution adopted by the City Council, the City will hold a <br />special election on November 6, 2012, as a coordinated election pursuant to the Uniform Election <br />Code of 1992, as amended; and <br />WHEREAS, TABOR requires that the City submit ballot issues, as defined in TABOR, <br />to the City's registered electors on specified election days before action can be taken on such <br />ballot issues; and <br />WHEREAS, November 6, 2012, is one of the election dates at which TABOR ballot <br />issues may be submitted to the registered electors of the City pursuant to TABOR; and <br />WHEREAS, pursuant to Ordinance No. 1119, Series 1993, the City Council referred to <br />the voters a TABOR ballot issue concerning imposition for a ten-year period of a temporary % % <br />sales and use tax increase for the acquisition of land in and around the City of Louisville for open <br />Ordinance No. 1617, Series 2012 <br />Page I of 5 <br />47 <br />