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ORDINANCE NO. 1743 SERIES 2017 AN ORDINANCE IMPOSING FOR AN ADDITIONAL TEN-YEAR PERIOD THE CITY'S 0.125% HISTORIC PRESERVATION SALES TAX; EXPANDING THE PURPOSES FOR WHICH SALES AND USE TAXES IN THE HISTORIC PRESERVATION FUND MAY BE SPENT TO INCLUDE EXPENDITURE OF UP TO TWENTY PERCENT ANNUALLY ON OPERATING AND MAINTAINING THE LOUISVILLE MUSEUM CAMPUS; AUTHORIZING EXPENDITURES OF SALES AND USE TAXES IN THE HISTORIC PRESERVATION FUND OUTSIDE OF HISTORIC OLD TOWN LOUISVILLE IF SUCH EXPENDITURES ARE APPROVED BY THE AFFIRMATIVE VOTE OF NOT LESS THAN FIVE MEMBERS OF THE ENTIRE CITY COUNCIL, AND PROVIDING FOR THE SUBMISSION OF THE ORDINANCE TO A VOTE OF THE REGISTERED ELECTORS AT THE REGULAR ELECTION TO BE HELD NOVEMBER 7, 2017 Section 1. The following ordinance of the City of Louisville, Colorado, is hereby adopted to read WHEREAS, the City of Louisville (the "City"), is a Colorado home rule municipal corporation duly orgamzed and existmg under laws of the State of Colorado and the City Charter (the "City Charter"), and WHEREAS, the members of the City Council of the City (the "City Council") have been duly elected and qualified, and WHEREAS, Article X, Section 20 of the Colorado Constitution, also referred to as the Taxpayer's Bill of Rights ("TABOR") requires voter approval for any new tax, any increase in any tax rate, the creation of any debt, extension of an expiring tax, and the spending of certain funds above limits established by TABOR, and WHEREAS, pursuant to Article 12 and Section 4-8 of the City Charter, the City may authonze the issuance of bonds, the imposition of new taxes and the increase of a tax rate by ordinance and upon approval of the registered electors of the City, and WHEREAS, the City will hold a regular municipal election on November 7, 2017, as a coordinated election pursuant to the Uniform Election Code of 1992, as amended, and WHEREAS, TABOR requires that the City submit ballot issues, as defined in TABOR, to the City's registered electors on specified election days before action can be taken on such ballot issues, and WHEREAS, November 7, 2017, is one of the election dates at which TABOR ballot issues may be submitted to the registered electors of the City pursuant to TABOR, and Ordinance No. 1743, Series 2017 Page 1 of 7