HomeMy WebLinkAbout1976 Ordinance No. 043i . . "
• INTRODUCED AS A BILL BY COUNCILMAN WILLIAMS
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BY AUTHORITY
ORDINANCE NO. 43 , SERIES OF 1976
AN ORDINANCE AMENDING SECTION 35, CHAPTER 4, TITI.E XIII,
OF TRE 1969 ENGLEWOOD MUNICIPAL CODE, AS AMENDED, BY MAIN-
TAINING THE RATE OF SALES AND USE TAX REVENEUS AT THREE
CENTS (.03) ON EACH DOLLAR, BEYOND DECEMBER 31, 1976;
EXPRESSLY REPEALING PROVISIONS OF SECTION 7, ORDINANCE NO.
27, SERIES OF 1970, RELATING TO THE EXPIRATION OF SAID TAX;
AUTHORIZING THE REVENUE DERIVED FROM USE TAXES UPON MOTOR
VEHICLES, TRAILERS, SEMI-TRAILERS, BUILDING MATERIALS AND
SUPPLIES, TO BE SEGREGATED AND HELD APART AND USED SOLELY
FOR CAPITAL IMPROVEMENTS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, as follows:
Section 1.
That Section 35, Chapter 4, 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 chapter
is for the raising of funds for payment of the
general operating expenses of the City and for
capital improvements1 provided, however, THAT
ALL OF THOSE REVENUES DERIVED ON THE USE CONSUMPTION
OR STORAGE OF THOSE ITEMS CONTAINED IN SECTION 17
OF THIS CHAPTER, DEALING WITH MOTOR VEHICLES, TRAILERS
OR SEMI-TRAILERS, BUILDING MATERIALS AND SUPPLIES,
shall be segregated, held apart and deposited into a
separate •capital Improvement A.ccount" and shall be
used solely to fund and finance the capital improve-
ments of the City of En9lewood.
Section 2.
That the amendments contained herein shall become
effective commencing at 12:01 o'clock A.M. on January 1,
1977 •
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Section 3.
That Section 7, Ordinance No. 27, Series of 1970,
relating to the expiration of the Sales and Use Tax,or any
portion thereof, on December 31, 1976, is hereby expressly
repealed, and that all ordinances, or parts of ordinances
in conflict with or inconsistent with the provieions of
this ordinance are hereby repealed.
Introduced, read in full and passed on first reading
on the 16th day of August, 1976.
Published as a Bill for an Ordinance on the 18th day of August, 1976.
Read by title and passed on final reading on the 7th
day of September, 1976.
Published by title as Ordinance No.
of 1976, on the 8th day of September, 1976 •
ATTEST:
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ex officio C~k-Treasurer
43 , Series _ .......... _
I, William D. ~ames, 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. 43 , Series of 1976.
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