HomeMy WebLinkAbout066976125101 Substituted Cony
ORDINANCE NO. 6697
AN ORDINANCE SUBMITTING TO THE ELIGIBLE ELECTORS
OF THE CITY OF PUEBLO, COLORADO AT THE GENERAL
MUNICIPAL ELECTION TO BE HELD ON NOVEMBER 6, 2001,
A QUESTION RELATING TO THE CONTINUATION OF THE
ONE -HALF PERCENT SALES AND USE TAX FOR JOB CREAT-
ING CAPITAL IMPROVEMENT PROJECTS WITHIN THE CITY
AND THE PUEBLO MEMORIAL AIRPORT BOUNDARIES AND
THE ADOPTION OF AN ORDINANCE TO EFFECT THE
CONTINUATION
WHEREAS, the City of Pueblo, Colorado (the "City ") presently imposes, pursuant to Chapter
4, Title XIV of the 1971 Code of Ordinances of the City of Pueblo (the "Act "), a sales and use tax
of three and one -half percent (3.5 %); and
WHEREAS, a one -half percent (0.5 %) sales and use tax (of the three and one -half percent
[3.5 %]) is deposited in a special fund known as the "1992 to 2001 Sales and Use Tax Capital
Improvement Projects Fund" (the "Fund "); and
WHEREAS, moneys in the Fund are used for job creating capital improvement projects
within the City and the Pueblo Memorial Airport boundaries; and
WHEREAS, the capital improvement projects funded by moneys from the Fund have been
successful in creating jobs and thereby promoting the public peace, health, safety and welfare of the
residents of the City; and
WHEREAS, the Act was initially enacted by the voters of the City, who also enacted
ordinances creating and continuing the one -half percent sales and use tax used to fund such capital
improvements projects; and
WHEREAS, the provisions in the Act effecting the one -half percent sales and use tax
presently expire on December 31, 2001; and
WHEREAS, the City Council of the City has determined that continuing the one -half percent
sales and use tax dedicated to job creating capital improvement projects within the City and the
Pueblo Memorial Airport boundaries would promote the public peace, health, safety and welfare of
the residents of the City; and
WHEREAS, Section 18 -5 of the Charter of the City requires that ordinances such as the Act,
which have been adopted by an affirmative vote of the electorate, be amended only upon a vote of
the electorate adopting the amending ordinance; and
WHEREAS, the City Council has proposed an ordinance ( "Ordinance No. 6683"), which is
attached hereto and which if adopted by the voters of the City would continue the one -half percent
sales and use tax for an additional five years; and
WHEREAS, Article X, Section 20 of the Colorado Constitution requires that the continuation
of a tax be treated as a tax increase and adopted by an affirmative vote of the City's electorate; and
WHEREAS, the City desires to ask the electors of the City, pursuant to Article X, Section
20 of the Colorado Constitution and Section 18 -5 of the Charter, to approve Ordinance No. 6566 and
thereby approve the continuance of the one -half percent sales and use tax for another five years for
the purposes stated above; NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that
SECTION 1
The question of Adopting Ordinance No. 6683 and thereby continuing the one -half percent
sales and use tax dedicated to job creating capital improvement projects shall be submitted to a vote
of the eligible electors of the City at the City's general municipal election to be held on November
6, 2001. The ballot question (submission clause and title) therefor shall be as follows:
QUESTION NO. _ - (CONTINUATION OF THE ONE -HALF CENT SALES TAX)
SHALL CITY OF PUEBLO TAXES BE INCREASED BY $6,100,000 ANNUALLY,
COMMENCING IN 2002, AND BY WHATEVER ADDITIONAL AMOUNTS ARE
RAISED ANNUALLY THEREAFTER, BY ADOPTING ORDINANCE NO. 6683,
THEREBY CONTINUING THE CITY'S ONE -HALF PERCENT SALES AND USE TAX,
WHICH IS DEDICATED TO FUNDING JOB CREATING CAPITAL IMPROVEMENT
PROJECTS, FOR A FIVE YEAR PERIOD FROM JANUARY 1, 2002 THROUGH
DECEMBER 31, 2006, TO BE SPENT TOGETHER WITH ALL INVESTMENT INCOME
THEREFROM AS A VOTER - APPROVED REVENUE CHANGE AND AN EXCEPTION
TO THE LIMITS WHICH WOULD OTHERWISE APPLY PURSUANT TO ARTICLE X,
SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW, AND BY
CONTINUING TO DEDICATE THE REVENUES FROM THE ONE -HALF PERCENT
SALES AND USE TAX FOR JOB CREATING CAPITAL IMPROVEMENT PROJECTS
WITHIN THE CITY AND THE PUEBLO MEMORIAL AIRPORT BOUNDARIES,
CREATING A SPECIAL FUND FOR THE DEPOSIT OF SUCH REVENUES, AND
FINDING AND DETERMINING THAT THE EXPENDITURE OF SUCH REVENUES
FOR JOB CREATING CAPITAL IMPROVEMENT PROJECTS IS A PUBLIC PURPOSE
AND MUNICIPAL FUNCTION?
FOR THE ORDINANCE
AGAINST THE ORDINANCE
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SECTION 2
The officers of the City are authorized and directed to take all action necessary, appropriate
or required to effectuate the provisions of this Ordinance.
SECTION 3
This Ordinance shall become effective upon final passage.
INTRODUCED: June 11 2001
By: CorinnelKoehl
City Council
ATTESTED BY`
City Clerk
PASSED AND APPROVED: June 25, 2001
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