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HomeMy WebLinkAbout07836ORDINANCE NO. 7836 AN ORDINANCE AMENDING ORDINANCE NO. 6381 ESTABLISHING CRITERIA, STANDARDS, RULES AND REGULATIONS FOR THE APPROPRIATION AND EXPENDITURE OF FUNDS ON DEPOSIT IN THE 1992 -2011 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND AND AUTHORIZING THE CITY COUNCIL TO EXPEND UP TO $1.5 MILLION IN THE AGGREGATE FOR PUBLIC INFRASTRUCTURE SERVING NEW MAJOR GOVERNMENTAL FACILITIES BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: (brackets indicate matter being deleted, underscoring indicates matter being added) SECTION 1 Ordinance No. 6381 is hereby amended by the addition of the following new Section 5.1. SECTION 5.1 Notwithstanding anything herein to the contrary, the City Council may authorize the expenditure of up to One Million Five Hundred Thousand and No /100ths ($1,500,000.00) of the Fund in the aggregate for public infrastructure required to serve new major governmental facilities consolidated or relocated within the City of Pueblo as determined by the City Council. A "major governmental facility" means a facility in which at least sixty -five (65) full -time employees are located. SECTION 2 The City Council hereby finds and determines that (a) location of a new major governmental facility in the City will create employment opportunities for the citizens of the City of Pueblo, (b) employees employed at a major governmental facility will provide services for use outside the City and County of Pueblo, and (c) a new major governmental facility constitutes a primary job creating capital improvement project within the meaning of Section 14- 4 -85(f) of the Pueblo Municipal Code. SECTION 3_ This Ordinance shall become effective upon final passage and approval. INTRODUCED June 23, 2008 BY Randy Thurston Councilperson APPROVED: VICE -PRESIDENT OF CITY OUNCIL ATTESTED BY: PITY CLERK PASSED AND APPROVED: July 14, 2008 o - 7 93( D �1 ED �I ED v Background Paper for Proposed ORDINANCE AGENDA ITEM #� 3�{ DATE: June 23, 2008 DEPARTMENT: Law Department TITLE AN ORDINANCE AMENDING ORDINANCE NO. 6381 ESTABLISHING CRITERIA, STANDARDS, RULES AND REGULATIONS FOR THE APPROPRIATION AND EXPENDITURE OF FUNDS ON DEPOSIT IN THE 1992 -2011 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND AND AUTHORIZING THE CITY COUNCIL TO EXPEND UP TO $1.5 MILLION IN THE AGGREGATE FOR PUBLIC INFRASTRUCTURE SERVING NEW MAJOR GOVERNMENTAL FACILITIES ISSUE Should the City Council approve an amendment to Ordinance No. 6381 relating to new governmental facilities? RECOMMENDATION Approve the Ordinance. BACKGROUND The Ordinance authorizes the City Council to expend up to $1.5 million in the aggregate of the revenue from the one -half percent sales and use tax rate for public infrastructure serving new major governmental facilities as determined by the City Council. A "major governmental facility" means a facility in which at least 65 full - time employees are located. The ordinance finds and determines that a new major governmental facility constitutes a primary job creating capital improvement project within the meaning of section 14- 4 -85(f) of the Pueblo Municipal Code. FINANCIAL IMPACT See Background.