Laserfiche WebLink
<br />, ~/ SE-NT BY:GRIMSHAIiI & HARRING, .-10-93 <br /> <br />. <br /> <br />13:33 <br /> <br />303,_" <br /> <br />303-866-3558:/1 2 <br /> <br />ORDINANCE NO. 87 <br /> <br />AN ORDINANCE PROVIDINQ fOR THE CREATION Of A <br />CAPITAL IMPROVEMENT FUND TO BE uSED TO PROVIDE <br />CAPITAL IMPROVEMENTS Oa TO PAY DEBT SERVICE ON <br />BONOS OR OTHER OBLIGATIONS OF THE TOWN ISSUED <br />TO PROVIDE CAPITAL IMPROVEMENTS, AND PLEDGING <br />TO SUCH FUND CERTAIN PORTIONS OF THE PROCEEOS <br />OF THE 1\ SALES TAX ~MPOSED BY THE TOWN AND <br />CERTAIN PORTIONS OF THE TOWN I S SHARE OF TilE <br />PROCEEDS OF A 2' COUN~YWIOE SALES TAX IMPOStD <br />BY LA pLATA COUNTY, AND TO PROVIDE FOR TilE <br />SUBMISSION OF THIS OROINANce FOR APPROVAL AT <br />THE REGULAR ELECTION OF THE TOWN OF IGNACIO ON <br />A?Jl1L3 ~ ~l.98i,. <br />"- ' '.' -- --- <br /> <br />I <br /> <br />WHEREAS, the Town of Ignacio (the "Town") presently <br />imposes a l' Bales tax on the sale or purchase of tangible <br />personal property sold at retau or the furnishing of services, <br />within the Town, and <br />WHEREAS, La Plata ~ounty (the <br />imposes a 2\ countywide saleB tax on the <br />tangible penonal property Bolq at retail <br />services within the County, and <br />WHeREAS, 4' of the ~roceeds of the first l' of the <br />County sales tax, and 3.1' of the proceedB of the lecOnd l' of the <br />County saleB tax (totalling .3.55' of the proceeds of the entire 2\ <br />County uleB tax) 18 distributed to the Town in accordance with <br />the Bales tax resolutions adopted by the La Plata County Board of <br />County CommissionerB and approved by a majority of the registered <br />electors of the County voting thereon: and <br />WHEREAS, 811_ or any Part of the n Town Bales tax sod <br />all or. any part of the 2' Coun~y Bale& tax allocated to the Town <br />may be pl~dged to a capital improvement fund to be used to provide <br />capital intprovementB or to pay debt service on bonds or other <br />Obligations of the Town iBsued to provide capital improvements, if <br />such pledge is approved by a msjority of the registered and <br />qualified electors of the Town voting at s regular or special <br /> <br />"County") preBently <br />Bale or purchase of <br />or the furnishing of <br /> <br />- 2 - <br />