Ordinance 1989-0981 - Laserfiche WebLink

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ORDINANCE NO. 981, SERIES 1989 AN ORDINANCE OF THE CITY OF LOUISVILLE, COLORADO, PROVIDING FOR THE IMPOSITION OF A 3.00% CITY SALES TAX ON THE SALE OF TANGIBLE PERSONAL PROPERTY AT RETAIL OR THE FURNISHING OF SERVICES; CREATING A CAPITAL IMPROVEMENT FUND TO BE FUNDED WITH ONE-THIRD OF THE REVENUES GENERATED BY THE 3.00% SALES TAXi PROVIDING FOR THE IMPOSITION OF A 3.00% CITY USE TAX FOR THE PRIVILEGE OF USING OR CONSUMING COMMERCIAL CONSTRUCTION AND BUILDING MATERIALS, AND STORING, USING, OR CONSUMING ANY MOTOR AND OTHER VEHICLES; PROVIDING FOR THE REPEAL OF INCONSISTENT ORDINANCES; AND PROVIDING FOR THE SUBMISSION OF THIS ORDINANCE FOR APPROVAL AT A SPECIAL MUNICIPAL ELECTION OF THE CITY ON MARCH 21, 1989. WHEREAS, pursuant to ~29-2-102, C.R.S. , any incorporated municipality in Colorado may adopt a municipal sales or use tax, by ordinance in accordance with state law, but only if such ordinance provides for the submission of any such tax proposal to an election by the registered electors of the municipality for their approval or rejection at a regular municipal election or at a special election called for the purpose; and WHEREAS, pursuant to ~29-2-111, C.R.S. , any incorporated municipality in Colorado may create a capital improvement fund for the deposit of all or any part of the revenue from a municipal sales or use tax, to be used solely to provide capital improvements, subject to the approval of the registered electors of the municipality; and WHEREAS, pursuant to Ordinance No. 479 (the "1975 Sales Tax Ordinance") adopted on September 16, 1975, and approved at the general election held on November 4, 1975, the City of Louisville, Colorado (the "City") presently imposes a 2.00% sales tax on the sale of tangible personal property at retail or the furniShing of . services; and WHEREAS, the City Council (the "Council" ) of the City has determined and hereby determines (i) that there exists an - 2 -