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<br />QUESTION (An ordinance concerning the city sales and use tax): <br /> "Shall Ordinance No. 981, Series 1989, of the <br /> City of Louisville, Colorado, adopted on <br /> February 7, 1989, which ordinance provides <br /> for: (i) an increase in the rate of the City <br /> sales tax from 2% to 3%, such increase to be <br /> in effect from July 1, 1989, ( ii) a pledge of <br /> one-third of the revenues generated by the 3% <br /> sales tax to a capital improvement fund to be <br /> used solely for the purpose of providing <br /> capital improvements or to pay debt service on <br /> bonds or other obligations issued to provide <br /> such capital improvements, and (iii) the <br /> imposition of a 3% use tax on the privilege of <br /> using or consuming commercial construction and <br /> building materials purchased at retail and <br /> storing, using, or consuming motor and other <br /> vehicles purchased at retail, such use tax to <br /> be in effect from July 1, 1989, all as is more <br /> particularly set forth in such ordinance, be <br /> approved?" <br /> ------------------------ <br /> FOR THE APPROVAL OF ORDINANCE . : <br /> . <br /> NO. 981, SERIES 1989 . . <br /> . . <br /> ------------------------ <br /> AGAINST THE APPROVAL OF ORDINANCE . . <br /> . . <br /> NO. 981, SERIES 1989 : . <br /> . <br /> ------------------------ <br /> - 4 - <br />