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HomeMy WebLinkAbout7684RESOLUTION NO. 7684 A RESOLUTION SUBMITTING TO THE ELIGIBLE ELECTORS OF THE CITY OF PUEBLO AT THE GENERAL MUNICIPAL ELECTION TO BE HELD ON NOVEMBER 7, 1995, A QUESTION RELATING TO A REVENUE AND SPENDING CHANGE WHEREAS, the Director of Finance has advised the City Council that the City's revenue from sources not excluded from fiscal year spending will exceed the City's 1994 maximum revenue and spending limits under Article X, Section 20 of the Colorado Constitution by $1,066,426, and WHEREAS, such excess must be refunded in 1995 unless the voters approve a revenue change as an offset, and WHEREAS, the City is in need of additional funds for fire and police emergency vehicles, storm drainage and roadway improvements, and WHEREAS, it would be in the best interests of the City if the excess would be approved by the voters as a revenue change for fire and police emergency vehicles, storm drainage and roadway improvements; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The question of a revenue change pursuant to Section 20(7) of Article X of the Colorado Constitution in the amount of $1,066,426 in fiscal year 1994 for fire and police emergency vehicles, storm drainage and roadway improvements shall be submitted to a vote of the eligible electors of the City at the general municipal election to be held on November 7, 1995. The ballot title (submission clause and title) therefor shall be as follows: QUESTION NO. C - SHALL CITY OF PUEBLO, COLORADO BE AUTHORIZED TO RETAIN AND SPEND $1,066,426 FROM REVENUES COLLECTED IN FISCAL YEAR 1994 FOR FIRE AND POLICE EMERGENCY VEHICLES, STORM DRAINAGE, AND ROADWAY IMPROVEMENTS, 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? YES NO 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 Resolution. SECTION 3. This Resolution shall become effective upon final passage. INTRODUCED July 24, 1995 By John Califano Councilperson ATTEST: APPR D: City Cler (Acting) President of the ity Council