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RESOLUTION NO. 60 SERIES 2010 A RESOLUTION OF THE LOUISVILLE CITY COUNCIL URGING LOUISVILLE CITIZENS TO VOTE YES ON BALLOT ISSUE 2D AT THE NOVEMBER 2, 2010 ELECTION CONCERNING THE CITY USE TAX WHEREAS, pursuant to voter authorization, the City has previously adopted a permanent use tax of three percent (3.00 on nonresidential construction and building materials and motor and other vehicles purchased at retail on which registration is required; and WHEREAS, pursuant to voter authorization at the November 5, 2002 election, the City has also increased the rate of such use tax by three eights of one percent (.375 such additional tax to be imposed for a ten year period commencing January 1, 2004 and the revenues therefrom to be collected retained and spent exclusively for the acquisition of land in and around the City of Louisville for open space buffer zones, trails, wildlife habitats, wetlands preservation, future parks, and for the development, construction, operation, and maintenance of such open space zones, trails, wildlife habitats, wetlands, and parks; and WHEREAS, the City Council finds and determines that the City is in need of additional revenues to maintain current services and quality of life for its citizens; and WHEREAS, to keep expenditures at or lower than available revenue during this current economic downturn, the City has already reduced staff and employee benefits and scaled back or eliminated services and programs including the annual Fourth of July festivities the branch recycling facility, senior services and others; and WHEREAS, in order to provide additional revenues for needed facilities and services, the City Council by Ordinance No. 1575, Series 2010 has referred to the voters a ballot issue concerning a proposed increase in the City use tax rate to three and one half percent (3.50 and extension of the City use tax to other types of property and services, with revenues therefrom to be allocated for open space, historical preservation and other purposes as further provided in Ordinance No. 1575; and WHEREAS, the City Council finds that unlike a number of area cities and towns, the City's current use tax is collected only upon two categories of property, which are nonresidential construction materials and motor and other vehicles; and WHEREAS, the City Council finds that adoption of a use tax upon other categories of property and services will equalize tax treatment of property purchased outside the City but used or consumed within the City, which will remove a competitive disadvantage for some categories of City retailers and provide additional tax revenues for needed City services; and Resolution No. 60, Series 2010 Page 1 of 2