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<br /> WHEREAS, due to the need to perform certain capital <br />improvements and the necessity of creating a revenue source <br />therefor, it is hereby determined that the public interest <br />requires that the rate of City sales taxation be increased from 2% <br />to 2 1/2%, that a use tax in the amount of 2 1/2% be imposed, and <br />that 33% of the proceeds derived therefrom be deposited to a sales <br />and use tax capital improvement fund as hereinafter provided; and <br /> WHEREAS, the County of Boulder (the "County") has not <br />adop ted a resolution proposing a sales or use tax for the County <br />as to which the election has not previously been held; and <br /> WHEREAS, the 2 1/2% sales and use tax provided for <br />herein, if approved and imposed, would not result in the <br />imposition of a total sales tax or a total use tax by the State of <br />Colorado, the County, and the City in excess of 7%; <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br />LOUISVILLE, COLORADO: <br /> Section l. Amendment to Section 3.20.030. Section <br />3.02.030 of the Municipal Code of the City of Louisville, <br />Colorado, is hereby repealed and reenacted to read as follows: <br /> 3.20.030 Tax imposed. <br /> There is imposed on all sales of tangible personal <br /> property at reta il or the furnishing of services as <br /> prov ided in Section 39-26-104, Colorado Revised Statutes <br /> of 1973, as amended, a sales tax equal to two and one- <br /> half percent ( 2 1/2%) of the gross receipts. The <br /> tangible personal property and services taxable under <br /> this chapter shall be the same as the tangible personal <br /> property and services taxable pursuant to Section 39- <br /> 26-104, Colorado Rev i sed Statutes of 1973, as amended, <br /> and subject to the same exemptions as those specified in <br /> Section 39-26-114, Colorado Revised Statutes of 1973, as <br /> amended; PROVIDED THAT the exemption allowed by Section <br /> 39-26-114(11), Colorado Rev i sed Statutes of 1973, as <br /> amended, for purchases of machinery or machine tools, <br /> the exemption of sales and purchases of those items in <br /> Section 39-26-114(1) (a) (XXI), Colorado Revised Statutes <br /> of 1973, as amended, and the exemption for sales of food <br /> specified in Section 3 9 - 2 6 -11 4 ( 1 ) ( a) (XX) , Colorado <br /> Revised Statutes of 1973, as amended, shall not apply to <br /> - 3 - <br />