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ORDINANCE NO. 8196
AN ORDINANCE AMENDING CHAPTER 4, TITLE XIV OF
THE PUEBLO MUNICIPAL CODE AUTHORIZING THE CITY
TO USE A PORTION OF THE THREE AND THREE-TENTHS
PERCENT (3.3%) OF THE CITY’S SALES AND USE TAX
REVENUE WHICH WAS PREVIOUSLY RETAINED BY THE
RETAILERS WHO COLLECT SUCH TAX, FOR THE
PURPOSE OF REMODELING, RESTORING AND
MAINTAINING THE HISTORIC MEMORIAL HALL,
INCLUDING, WITHOUT LIMITATION, PAYING THE
PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON
REVENUE BONDS ISSUED BY THE URBAN RENEWAL
AUTHORITY OF PUEBLO, COLORADO FOR SUCH
PURPOSE OR ANY BONDS ISSUED TO REFINANCE SUCH
BONDS, AND PROVIDING OTHER MATTERS RELATING
THERETO
BE IT ORDAINED BY THE PEOPLE OF PUEBLO, that: (Brackets indicate matter
being deleted; underscoring indicates new matter added)
SECTION 1.
Section 14-4-17 of Chapter 4, Title XIV of the Pueblo Municipal Code (a portion of
Ordinance No. 2189 approved by a vote of the People on November 8, 1955, as amended
by Ordinance Nos. 3160, 3474, 4235, 4734, 5170, 5314, 5668 and 5810) is hereby
amended to read as follows:
Sec. 14-4-17. Collection Fees
Notwithstanding Sections 14-4-1 and 14-4-85 of this Chapter, three and
three-tenths percent (3.3%) of the revenues derived from the taxes imposed by this
(the "Vendor Fees")
Chapter shall be deposited and placed in a special fund
hereby created pursuant to Section 7-21 of the Charter of the City to be known as
and all Vendor
the "Collection Fee Fund." The moneys in the Collection Fee Fund
Fees now existing or generated in the future
shall be used solely for one or more
of the following purposes in such amounts and proportions as the City Council shall
netthe Pueblo
determine: (1) paying the operation and maintenance expenses of
[
Convention Center
a civic center and hotel complex within the Urban Renewal
]
Authority of the City; (2) paying the principal of, premium, if any, and interest on
[]
Pueblo, Colorado
revenue bonds of the Urban Renewal Authority of the City
[
initial construction of the Pueblo Convention Center
issued to finance the civic
]
center and hotel complex and other improvements or any bonds issued to
[]
remodeling, restoring and maintaining the
refinance such bonds; and/or (3)
historic Memorial Hall including, without limitation, paying the principal of,
premium, if any, and interest on revenue bonds of the Urban Renewal
Authority of Pueblo, Colorado issued for such purpose or any bonds issued
to refinance such bonds and/or (4)
reimbursing retailers for the costs incurred in
collecting and remitting the sales and use tax revenues to the City. The City
Council is authorized to pledge irrevocably all or any part of the moneys in the
[]
,and/or
Collection Fee Fund for the purposes set forth in clauses (1) and/or(2)
(3)
above.
SECTION 2.
Section 14-4-17 of the Pueblo Municipal Code (Ordinance No. 2189 approved by a
vote of the People on November 8, 1955, as amended by Ordinance Nos. 3160, 3474,
4235, 4734, 5170, 5314, 5668, and 5810), as amended, will promote the public peace,
health, safety and welfare and the expenditure of such revenues for the purposes set forth
in said Section 14-4-17 is a public purpose and municipal function notwithstanding such
expenditure may, directly or indirectly, aid, assist or benefit private persons, corporations
or other entities.
SECTION 3.
All ordinances relating to sales and use taxes heretofore adopted, amended or
implemented shall remain in full force and effect except as the same have been previously
amended or repealed or as the same may be amended by this Ordinance.
SECTION 4.
All ordinances, or parts thereof, inconsistent herewith are hereby repealed to the
extent of such inconsistency. This repealer shall not be construed to revive any ordinance,
or part thereof, heretofore repealed.
SECTION 5.
If any section, subsection, paragraph, clause or other provision of this Ordinance for
any reason is invalid or unenforceable, the invalidity or unenforceability of such section,
subsection, paragraph, clause or other provision shall not affect any of the remaining
provisions of this Ordinance.
SECTION 6.
This Ordinance shall become effective upon majority vote in favor thereof by the
registered electors of the City voting thereon at the Special Municipal Election to be held
Tuesday, November 2, 2010.
Election Results: November 2, 2010
YES 20,645
NO 10,510