Ordinance 2003-1424 - Laserfiche WebLink

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3.0 PERCENT UPON THE PRIVILEGE OF USING OR CONSUMING WITHIN THE CITY CONSTRUCTION AND BUILDING MATERIALS PURCHASED AT RETAIL FOR USE IN CONNECTION WITH RESIDENTIAL CONSTRUCTION OR RESIDENTIAL BUILDING PROJECTS, SUCH USE TAX TO BEGIN JANUARY 1, 2004 AND EXPIRE TEN YEARS AFTER SUCH DATE, WITH THE NET PROCEEDS OF SUCH USE TAX TO BE COLLECTED, RETAINED AND SPENT EXCLUSIVELY FOR PURPOSES DETERMINED BY THE CITY COUNCIL TO FURTHER THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, OR EXPANSION OF CAPITAL FACILITIES, CAPITAL PROJECTS OR EQUIPMENT OWNED BY THE CITY OR THE BOULDER VALLEY SCHOOL DISTRICT RE-2, LOCATED WITHIN THE CITY, AND BENEFITTING YOUTH WITHIN THE COMMUNITY; AND SHALL THE CITY BE PERMITTED TO COLLECT, RETAIN AND EXPEND ALL REVENUES DERIVED FROM SUCH USE TAX AS A VOTER-APPROVED REVENUE CHANGE AND AN EXCEPTION TO LIMITS WHICH WOULD OTHERWISE APPLY UNDER ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW? YES NO Section 4, The provisions of this ordinance shall take effect, following passage and approval thereof as provided in Section 3, on January 1, 2004. Section .~ If any portion of this ordinance is held to be invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance. The City Council and the registered voters of the City hereby declare that they would have passed and approved this ordinance and each part hereof irrespective of the fact that any one part be declared invalid. In particular, if revenues from the use tax upon the privilege of using or consuming within the City construction and building materials purchased at retail for use in connection with residential construction or residential building projects may not be spent for the purposes described in Section 3.20.610.A.1, such tax shall remain valid but the revenues therefrom shall be deposited in such funds or accounts as may be designated by the City Council and used for purposes meeting as nearly as possible the purposes described in said Section, as determined by City Council. Section 6. The repeal or modification of any provision of the Municipal Code of the City of Louisville by this ordinance shall not release, extinguish, alter, modify, or change in whole or in part any penalty, forfeiture, or liability, either civil or criminal, which shall have been incurred under such provision, and each provision shall be treated and held as still remaining in force for the purpose of sustaining any and all proper actions, suits, proceedings, and prosecutions for the enforcement of the penalty, forfeiture, or liability, as well as for the purpose of sustaining any judgment, decree, or order which can or may be rendered, entered, or made in such actions, suits, proceedings, or prosecutions. 4