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
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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.