HomeMy WebLinkAbout1976 Ordinance No. 031I r
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INTRODUCED AS A BILL BY COUNCILMAN WILLIAMS
BY AUTHORITY
ORDINANCE NO. JJ . , SERIES OF 1976
AN ORDINANCE AMENDING SECTION 35, CHAPTER 4, OF TITLE XIII,
OF THE 1969 ENGLEWOOD MUNICIPAL CODE, AS AMENDED, BY REDUCING
THE AMOUNT OF REVENUES FROM THE SALES AND USE TAX DEPOSITED
INTO A CAPITAL IMPROVEMENT ACCOUNT1 WITH AN EFFECTIVE DATE
TO BE SEPTEMBER 1, 1976 AND AN EXPIRATION DATE OF DECEMBER 31,
1976.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL
OF THE CITY OF ENGLEWOOD, COLORADO, as follows:
Section 1.
That Section 35, Chapter 4, of Title XIII, of the 1969
E.M.C., is hereby amended to. read as follows:
13-4-35: PURPOSE OF TAX ~ DISTRIBUTION OF PROCEEDS
The City Council hereby declares that the
purpose of the levy of the taxes imposed by this
ordinance is for the raising of funds for payment
of the general operating expenses of the City and
for capital improvements1 provided, however, not
less than ene-ehird-i~f~t TWENTY-FIVE AND EIGHT-
TENTHS (25.8\) PERCENT of all the revenues derived
from said tax shall be segregated, held apart,
and deposited into a separate "Capital Improvement
Account" and shall be used solely to fund and finance
capital im?rovements of the City of Englewood.
Section 2.
This ordinance shall become effective on September 1,
1976 and shall expire by its own terms on December 31, 1976.
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Introduced, read in full and passed on first reading
on the 21st day of June, 1976.
Published as a Bill for an Ordinance on the 23rd day
of June, 1976.
Read by title and passed on final reading on the 6th
day of July, 1976.
Published by title as Ordinance No.
1976, on the 7th day of July, 1976.
ATTEST:
31 , Series of
I, Willi D. James, do 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. 31 , Series of 1976.
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