HomeMy WebLinkAboutresolution.council.054-89 RESOLUTION NO. ~-~ (Series of 1989)
RESOLUTION OF THE CITY COUNCIL OF ~HE CITY OF ASPEN, COLORADO,
SUBMITTING TO THE ELECTORATE AT THE FEBRUARY 13, 1990 SPECIAL
ELECTION A PROPOSED AMENDMENT TO THE SIXTH PENNY SALES TAX
ORDINANCE LIMITING THE USE OF SIXTH PENNY SALES TAX REVENUES TO
PARKS, TRAILS AND OPEN SPACE PURPOSES
WHEREAS, Section 5.7 of the Aspen Home Rule Charter provides
that the City Council, on its own motion, shall have the power to
submit to the electorate, at any general or special election, any
proposed ordinance; and
WHEREAS, there has been proposed an amendment to
Ordinance 16 (Series of 1970) limiting the use of sixth penny
sales tax revenues to parks, trails and open space purposes; and
WHEREAS, there has been scheduled a special election for
February 13, 1990; and
WHEREAS the City Council wishes to submit the proposed
amendment to Ordinance 16 (Series of 1970) to the electors for
their consideration at the scheduled special election.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Aspen, that there shall be submitted to the electorate at
the City of Aspen municipal special election scheduled for
February 13, 1990 the question as to whether or not Section 7 of
Ordinance No. 16 (Series of 1970) shall be repealed and reenacted
to read as follows:
"Section 7. Expenditures and Ear-marking of Revenues.
All revenue from this retail sales tax collected on and
after July 1, 1990 shall be set aside in a separate
fund entitled "Parks and Open Space Fund." The monies
of said fund shall be expended by the City Council
solely for the acquisition of parks, trails and open
space real property, for the construction of improve-
ments on any real property owned or purchased by the
City for parks, trails and open space purposes, for
maintenance of real property owned by the City and used
for parks, trails and open space, and for the payment
of indebtedness incurred for acquisition or improvement
of parks, trails and open space real property, food tax
refunds payable by the City, and for such expenditures
as may be necessary to protect real property or the
improvements thereon owned by the City for parks,
trails and open space purposes. Additionally, the
revenue from this tax may be used for the payment of
sales tax revenue bonds previously issued by the City
of Aspen prior to January 1, 1990 which are secured by
or payable out of the sales tax imposed by Ordinance
No. 16, Series of 1970."
Adopted by the Aspen City Council at its regular meeting
held December 18, 1989.
William L. Stirling, Mayor
I, Kathryn S. Koch, duly appointed and acting City Clerk, do
certify that the foregoing is a true and accurate copy of that
resolution adopted by the City Council of the City of Aspen, at a
meeting held , 1989.
Kathryn S. Koch, City Clerk
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