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Section 1. Pursuant to applicable provisions of the laws of the State of Colorado and <br />the City of Louisville Home Rule Charter, the City Council hereby submits to the registered <br />electors of the City, at the special election to be held on November 5, 2002 (the "election"), the <br />ballot issues specified in Sections 2 and 3 of this ordinance. <br /> <br /> Section 2. The following ballot issue, certified in substantially the form set forth <br />below, is hereby referred to the registered electors of the City and shall appear on the ballot of <br />the City of Louisville special election to be held on November 5, 2002: <br /> <br />BALLOT ISSUE 2B <br />SHALL CITY OF LOUISVILLE TAXES BE INCREASED $450,000 IN 2003 <br />AND THEN ANNUALLY BY WHATEVER ADDITIONAL AMOUNTS ARE <br />RAISED THEREAFTER FROM THE LEVY OF AN ADDITIONAL SALES <br />AND USE TAX OF 0.140 PERCENT BEGINNING JANUARY 1, 2003 AND <br />CONTINUING THEREAFTER; WITH SUCH TAX TO BE IMPOSED ONLY IF <br />REFERRED MEASURE 2A, REFERRED TO REGISTERED ELECTORS OF <br />THE CITY AT THE NOVEMBER 5, 2002, SPECIAL ELECTION, IS <br />APPROVED BY A MAJORITY OF SUCH ELECTORS; WITH THE NET <br />PROCEEDS OF SUCH SALES AND USE TAX TO BE COLLECTED, <br />RETAINED AND SPENT FOR OPERATING AND MAINTAINING <br />RECREATIONAL AND CULTURAL FACILITIES OF THE CITY AND FOR <br />ANY OTHER LAWFUL MUNICIPAL PURPOSE; AND SHALL THE CITY BE <br />PERMITTED TO COLLECT, RETAIN AND EXPEND ALL REVENUES <br />DERIVED FROM SUCH SALES AND USE TAX AS A VOTER-APPROVED <br />REVENUE CHANGE AND AN EXCEPTION TO LIMITS WHICH WOULD <br />OTHERWISE APPLY UNDER ARTICLE X, SECTION 20 OF THE <br />COLORADO CONSTITUTION OR ANY OTHER LAW? <br /> <br />YES <br />NO <br /> <br /> Section 3. The following ballot issue, certified in substantially the form set forth <br />below, is hereby referred to the registered electors of the City and shall appear on the ballot of <br />the City of Louisville special election to be held on November 5, 2002: <br /> <br />BALLOT ISSUE 2C <br />SHALL CITY OF LOUISVILLE TAXES BE INCREASED $250,000 IN 2003 <br />AND THEN ANNUALLY BY WHATEVER ADDITIONAL AMOUNTS ARE <br />RAISED THEREAFTER BY THE IMPOSITION OF AN EXCISE TAX ON THE <br />LEASING OR RENTING OF ANY LODGING LOCATED IN THE CITY AT <br />THE RATE OF THREE PERCENT (3.0%) BEGINNING JANUARY 1, 2003 <br />AND CONTINUING THEREAFTER; WITH THE NET PROCEEDS OF SUCH <br />TAX TO BE COLLECTED, RETAINED AND SPENT FOR OPERATING AND <br /> <br /> <br />