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HomeMy WebLinkAbout0745_001FORM 1132-THE C, F. HOECKEL CO DENVER Statement and Certificate of Determination of an Election held in NAMES OF CANDIDATES OR PROPOSITIONS �.� tsr — OFFICE VOTED FOR 2A SHALL THE EXISTING CITY OF ASPEN ONE PERCENT (1 %) REAL ESTATE TRANSFER TAX ON THE VALUE OF REAL ESTATE IN EXCESS OF $100,000.00, AUTHORIZED BY ORDINANCE NO. 13, SERIES OF 1990, EARMARKED FOR AFFORDABLE HOUSING, BE EXTENDED BEYOND ITS CURRENT EXPIRATION DATE OF DECEMBER 31, 1994, TO DECEMBER 31, 2004? THE ESTIMATED MAXIMUM AMOUNT TO BE COLLECTED FROM THE EXTENSION OF THE REAL ESTATE TRANSFER TAX IN 1995 IS $1,700,000.00, SHALL THE CITY COUNCIL OF THE CITY OF ASPEN BE AUTHORIZED TO AMEND ORDINANCE NO. 13, SERIES OF 1990, AUTHORIZING COLLEC- TION OF A ONE PERCENT (1 %) REAL ESTATE TRANSFER TAX ON THE - VALUE OF REAL ESTATE IN EXCESS OF $100,000.00, FOR ACQUISITION, DEVELOPMENT AND MAINTENANCE Yes 178 -o- OF AFFORDABLE HOUSING, FINANCING THOSE PUR- POSES THROUGH ISSUANCE OF BONDS OR OTHER- No 179 -� WISE, AND RELATED PURPOSES TO FURTHER AFFORD- ABLE HOUSING? THE PROPOSED AMENDMENT TO ORDINANCE NO. 13, SERIES OF 1990, IS: SECTION 12—© RATi N QF ORDINANCE TO CHANGE THE EXPIRATION DATE OF THE REAL ESTATE TRANSFER TAX FROM DECEMBER 31, 1994, TO DECEMBER 31, 20041 THE — ESTIMATED MAXIMUM AMOUNT TO BE COLLECTED FROM THE EXTEN- SION OF THE REAL ESTATE TRANSFER TAX IN 1995 IS $1,700,000.00. n 2B SHALL THE CITY OF ASPEN, COLORADO, BE PERMITTED TO COLLECT, _ RETAIN, AND SPEND THE FULL PROCEEDS OF THE CITY'S EXISTING SALES AND REAL ESTATE TRANSFER TAXES, GRANTS, AND REVENUES FROM ALL OTHER SOURCES WITH THE EXCEPTION OF REVENUES GENERATED FROM THE MILL LEVY (AD VALOREM PROPERTY TAX), NOTWITHSTANDING ANY STATE RESTRICTION ON FISCAL YEAR SPENDING, INCLUDING WITHOUT LIMITATION THE RESTRICTIONS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, EFFECTIVE JANUARY 1, 1994? THIS QUESTION DOES NOT CREATE ANY NEW TAXES OR RAISE THE RATE OF ^ ANY EXISTING TAX. NOTHING IN THIS QUESTION SHALL BE CONSTRUED TO REMOVE THE REMAINING RESTRICTIONS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION WHICH IS COMMONLY KNOWN AS AMENDMENT ONE - AND/OR THE TABOR AMENDMENT. THE FOLLOWING PRINCIPAL RESTRICTIONS WILL STILL REMAIN IN FULL FORCE AND EFFECT: - (1) CITY OF ASPEN VOTER APPROVAL OF ALL NEW TAXES AND TAX RATE INCREASES; (2) CITY OF ASPEN VOTER APPROVAL FOR NEW OR ADDITIONAL CITY OF — ASPEN DEBT; _ (3) ALL AD VALOREM PROPERTY TAX RESTRICTIONS; fE� — 174 Yes (4) NO INCREASE OR IMPOSITION OF ANEW REAL. ESTATE TRANSFER TAX; AND �- 175 No (5) ALL ELECTION REQUIREMENTS. -15 �1C7 day j, Ntm BER`.