Ordinance 2010-1575 - Laserfiche WebLink

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ANNUALLY (FIRST FULL FISCAL YEAR INCREASE) AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY THEREAFTER BY THE ADOPTION OF A USE TAX UPON THE PRIVILEGE OF USING, STORING, DISTRIBUTING, OR CONSUMING WITHIN THE CITY ANY ARTICLE OF TANGIBLE PERSONAL PROPERTY OR TAXABLE SERVICES PURCHASED, LEASED OR RENTED FROM SOURCES OUTSIDE THE CITY, AND UPON RENTAL OF STORAGE SPACE WITHIN THE CITY, SUCH TAX TO BE AT THE RATE OF 3.500% OF THE PURCHASE PRICE THEREOF AND TO COMMENCE JANUARY 1, 2011 SUBJECT TO THE FOLLOWING: SUCH USE TAX SHALL SUPERSEDE THE CITY'S CURRENT USE TAX OF 3.375 PROVIDED THAT IF THIS QUESTION IS NOT APPROVED BY THE VOTERS THE CURRENT USE TAX OF 3.375% SHALL REMAIN IN EFFECT IN ACCORDANCE WITH THE TERMS OF THE VOTERS' APPROVALS OF SUCH 3.375% USE TAX; THE NEW USE TAX OF 3.500% SHALL BE APPLIED TO SUCH PROPERTY AND SERVICES, AND SUBJECT TO SUCH EXEMPTIONS, AS MAY BE PRESCRIBED FROM TIME TO TIME BY ORDINANCE OF THE CITY COUNCIL; THE NET PROCEEDS OF SUCH TAX TO BE ALLOCATED SUCH THAT REVENUES FROM A RATE OF 0.375% ARE USED FOR OPEN SPACE PURPOSES CONSISTENT WITH BALLOT ISSUE 2D APPROVED AT THE NOVEMBER 5, 2002 ELECTION, REVENUES FROM A RATE OF 0.125% ARE USED FOR HISTORIC PRESERVATION PURPOSES CONSISTENT WITH BALLLOT ISSUE 2A APPROVED AT THE NOVEMBER 4, 2008 ELECTION; AND REVENUES FROM THE REMAINING 3.000% ARE USED FOR PURPOSES DETERMINED BY THE CITY COUNCIL; AND SHALL THE CITY BE PERMITTED TO COLLECT, RETAIN AND EXPEND ALL REVENUES DERIVED FROM SUCH 3.500% 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, 2011. 9