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<br /> RES 0 L UTI 0 N NO. 4 <br /> ---------- <br /> A RESOLUTION SUBMITTING TO THE REGISTERED <br /> ELECTORS OF THE CITY OF LOUISVILLE, COLORADO, <br /> AT A SPECIAL MUNICIPAL ELECTION TO BE HELD ON <br /> MARCH 21, 1989, THE QUESTION OF APPROVING <br /> ORDINANCE NO. 981, SERIES 1989, CONCERNING THE <br /> IMPOSITION BY THE CITY OF A 3.00% SALES AND <br /> USE TAX; AND SETTING FORTH CERTAIN DETAILS OF <br /> THE ELECTION. <br /> WHEREAS, the City Council (the "Council") of the City of <br />Louisville, Colorado (the "City") , by Ordinance No. 981, Series <br />1989 (the "Sales and Use Tax Ordinance"), has provided for an <br />increase of the City's sales tax rate from 2.00% to 3.00%, for the <br />pledge of certain sales tax revenues to a capital improvement <br />fund, and for the imposition of a 3.00% use tax; and <br /> WHEREAS, the Sales and Use Tax Ordinance provides that <br />it does not become effective unless the question of its approval <br />is submitted to and approved by a majority of the registered <br />electors of the City voting thereon at a special municipal <br />election to be held on Tuesday, March 21, 1989; and <br /> WHEREAS, the Council has determined to submit the <br />question of approving the Sales and Use Tax Ordinance to the <br />registered electors of the City at such special municipal <br />election; and <br /> WHEREAS, it is necessary to provide for the details in <br />connection with the election; <br /> THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br /> Section 1. At a special municipal election to be held <br />in the City, on Tuesday, March 21, 1989, between 7:00 A.M. and <br />7:00 P.M. of said day, there shall be submitted to a vote of the <br />registered electors of the City the question of approving <br />Ordinance No. 981, Series 1989, concerning the increase by the <br />City of its sales tax rate from 2.00% to 3.00%, the pledge of <br /> - 2 - <br />