HomeMy WebLinkAbout1981 Ordinance No. 074-'· ~..:. .~ ~
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' BY AUTHORITY
ORDINANCE NO.
SERIES OF 198l
l!i COUNCIL BILL NO. 82
INTRODUCED BY COUNCIL
MEMBER FITZPATRICK
AN ORDINANCE AMENDING TITLE IX, CHAPTER 6, SECTION 35, OF THE
ENGLEWOOD MUNICIPAL CODE '69, BY ADDING A PROVISION REQUIRING
A DEPOSIT FEE FOR A BUSINESS THAT CONDUCTS A "GOING-OUT-OF-
BUSINESS SALE."
WHEREAS, the City of Englewood deems it necessary to require
a depoait from businesses which are defined in Title IX, Chapter 6,
Secti on 31, for guaranteed receipt of final sales tax payment
which re•ulta from the end-of-business sale; and
WHEREAS, the purpose of this deposit is to insure the payment
of the Englewood 3' •ales tax required by Title XIII, Chapter 4,
Section 2, and Title XIII, Chapter 4, Section 3, of this Code.
NOW, THEREFORE, BE IT OR DAINED BY THE CITY COUNCIL OF THE
CITY OF ENGLEWOOD, COLORA DO :
Section 1. That the fo llowi n g languaq~ be added to Title IX,
Chapter 6, Section 35:
THE APPLICANT SHALL Al.SO DEP OSIT WITH THE LICENSING
OFFICER AN AMOUNT EQUAL TO 3\ OF THE RETAIL VALUE OF THE
GOODS TO BE SOLD DURI NG THE FIRST WEEK OF THE SALE. THE
LICENSING OFFICER SH ALL ESTABLI SH THE DEPOSIT BASED UPON
PRIOR SALES TAX REP ORTS FI LED WITH THE LICENSING OFFICER
BY THE APPLICANT. AFTER THE F IRST WEEK OF SALE AND PRIOR
TO ANY SUBSEQUENT WE EK OF THE SALE, THE APPLICANT SHALL
DEPOSIT WITH THE LICENSIN G OFFICER AN AMOUNT EQUAL TO 3%
OF THE RETAIL VALUE OF THE GOODS SOLD IN THE PRIOR WEEK
OF THE SALE. THE DEP OSIT MAY BE IN THE FORM OF CASH OR
A BOND ACCEPTABLE TO THE LICENSING OFFICER. THE RECORDS
AND TRANSACTIONS OF THE APPLICANT SHALL BE SUBJECT TO
WEEKLY REVIEW BY TH E LI CENSING OFFICER DURING THE PERIOD
OF THE SALE. LICENSEES FAILING TO COMPLY WITH THE SALES
TAX FILING AND PAYMENT PROVISIONS OF TITLE XIII OF THIS
CODE SHALL FORFEIT THEIR DEPOSIT AND THE LICENSING
OFFICER SHALL PURSUE THE PROPER COLLECTION OF ALL AMOUNTS
PROPERLY DUE TO THE CITY UNDER TITLE XIII OF THIS CODE.
Introduced, read in full and passed on first reading on the
19th day of October, 1981.
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Published as a Bill for an Ordinance on the 21st day of
October, 1981.
Read by title and passed on final reading on the 2nd day
of November, 1981.
Published by title as Ordinance No.~ , Series of 1981,
on the 4th day of November, 1981.
Attest:
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Beverly J. Bradshaw, Mayor Pro Tem
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I, Gary R. Higbee, ex officio City Clerk-Treasurer of the
City of Englewood, Colorado, hereby certify that the above and
foregoing is a true, accurate and complete copy of the Ordinance
passed on final reading and published by title as Ordinance
No.~, Series of 1981 •
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