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ORDINANCE NO. 1571 <br /> SERIES 2010 <br /> AN ORDINANCE AMENDING SECTIONS 3.24.030 AND 3.24.080.B OF THE <br /> LOUISVILLE MUNICIPAL CODE TO REVISE THE DEFINITION OF ENHANCED <br /> SALES TAX USED FOR PURPOSES OF THE TAX AND FEE BUSINESS ASSISTANCE <br /> PROGRAM AND TO CONFIRM EXCLUSION OF HISTORIC PRESERVATION TAX <br /> REVENUES FROM SUCH PROGRAM <br /> WHEREAS, the City Council desires to amend the definition of enhanced sales tax <br /> within the Tax and Fee Business Assistance Program; and <br /> WHEREAS, the City Council further desires to amend Section 3.24.080.B of the <br /> Louisville Municipal Code to expressly confirm that revenues from the historic preservation tax <br /> are excluded from the Tax and Fee Business Assistance Program; <br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF LOUISVILLE, COLORADO: <br /> Section 1. Section 3.24.010 of the Louisville Municipal Code is hereby amended to <br /> revise the definition of "enhanced sales tax" to read as follows <br /> 3.24.030. Definitions. <br /> As used in this chapter and all sections thereof, the following phrases shall have <br /> the following meanings: <br /> Enhanced sales tax means the amount of sales tax collected by the city over and <br /> above a base amount negotiated by, and agreed upon by, the applicant and the city, and <br /> which amount is approved by the city council, which base amount shall never be lower <br /> than the amount of sales taxes collected by the city at the property in question in the <br /> previous twelve (12) months. <br /> Section 2. Section 3.24.080.B. of the Louisville Municipal Code is hereby amended <br /> to read as follows (words added are underlined): <br /> B. Without limiting the foregoing subsection A of this section, it is conclusively <br /> stated that there shall be excluded from the BAP and any BAP agreement all revenues <br /> from the temporary three eighths percent sales and use taxes imposed for the ten -year <br /> period beginning on January 1, 2004, to be used for open space and related purposes as <br /> authorized by the registered electors of the city and set forth in chapter 3.20 of this Code:, <br /> and (ii) the temporary one eighth of one percent sales tax for historic preservation <br /> purposes imposed for the ten -year period beginning on January 1, 2009 as set forth in <br /> section 3.20.605 of this Code. Such revenues shall not be used, impaired or otherwise <br /> affected by the BAP. <br /> Ordinance 571. Series 2010 1 <br />