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ORDINANCE NO. 1432 SERIES 2003 AN ORDINANCE AMENDING CHAPTER 3.20 OF THE LOUISVILLE MUNICIPAL CODE TO IMPOSE THE CONTINUED OPEN SPACE SALES AND USE TAX AS APPROVED BY THE VOTERS AT THE NOVEMBER 5, 2002 ELECTION WHEREAS, pursuant to voter approval, the City in 1994 commenced imposition of a temporary ~A % sales and use tax increase for the acquisition of land for open space buffer zones, trails, wildlife habitats, wetlands preservation and future parks, which tax was approved for a ten-year period; and WHEREAS, pursuant to Ordinance No. 1395, Series 2002, the City referred to the voters and the voters approved a TABOR ballot issue to continue such 3/8 % sales and use tax increase for an additional ten-year period, with the net proceeds of such sales and use tax 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 and 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 by this Ordinance desires to amend the Louisville Municipal Code to impose such continued open space sales and use tax as approved by the voters at the November 5, 2002 election. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Subsection A of Section 3.20.200 of the Louisville Municipal Code, regarding the sales tax levy, is hereby amended to read as follows (words added are underlined: words deleted are ............... Sec. 3.20.300. Levy of tax; rate. A. There is hereby levied, and there shall be collected and paid, a sales tax equal to three percent of the purchase price of tangible personal property at retail or the furnishing of services, except that for the ten-year period beginning on January 1, 2004-1-994, the amount shall be 3% percent of the purchase price thereof, ; ...... ~ ...... ,+~. c~.~; ..... ~ ~ la r~;~ ~on2,~ ........ .~ ~.., +k.. Section 2. Subsection D of Section 3.20.300 of the Louisville Municipal Code, regarding the use tax levy, is hereby amended to read as follOws (words added are underlined;