HomeMy WebLinkAboutOrdinance 2008-1419
CITY OF WHEAT RIDGE, COLORADO
INTRODUCED BY COUNCIL MEMBER SANG
Council Bill No. 15-2008
Ordinance No. -1lli
Series of 2008
TITLE: AN ORDINANCE SUBMITTING A BALLOT ISSUE TO THE
VOTERS OF THE CITY AT THE NOVEMBER 4, 2008
SPECIAL ELECTION, CONCERNING THE AUTHORIZATION
OF A TEMPORARY SALES AND USE TAX RATE INCREASE
AND REVENUE BONDS TO FINANCE THE
RECONSTRUCTION AND STREETSCAPING OF PORTIONS
OF WEST 38TH AVENUE
WHEREAS, the City Council of the City of Wheat Ridge, Colorado has the
authority to refer ballot issues to the electorate; and
WHEREAS, the Council wishes to refer a ballot issue concerning temporarily
increasing the City of Wheat Ridge sales and use tax to be used solely to pay revenue
bonds issued for the purpose of financing various street capital improvements; and
WHEREAS, the Council wishes to set the title for the same.
NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF WHEAT RIDGE, COLORADO:
Section 1. Ballot issue referred.
The following ballot issue is hereby referred to the electorate of the City at
the November 4, 2008 election:
SHALL THE CITY OF WHEAT RIDGE TAXES BE INCREASED
$3,925,000 (FIRST FULL FISCAL YEAR DOLLAR INCREASE)
ANNUALLY AND SHALL THE CITY OF WHEAT RIDGE DEBT BE
INCREASED BY AN AMOUNT NOT TO EXCEED $33,435,000, WITH A
MAXIMUM REPAYMENT COST OF $72,015,000; WHICH TAXES SHALL
CONSIST OF THE REVENUES GENERATED FROM A TEMPORARY
RATE INCREASE OF 0.6% IN THE CITY SALES AND USE TAX
(REPRESENTING A SIX-TENTHS OF ONE CENT INCREASE ON EACH
DOLLAR SUBJECT TO THE TAX) AND SHALL BE USED SOLELY TO
PAY REVENUE BONDS ISSUED FOR THE PURPOSE OF FINANCING
OR REFINANCING
. THE RECONSTRUCTION OF 38TH AVENUE FROM KIPLING
STREET TO YOUNGFIELD STREET (TO INCLUDE BUT NOT
LIMITED TO TURN LANES, SIDEWALKS, STORMWATER
DRAINAGE, STREET LIGHTING, PEDESTRIAN TRAILS,
STREETSCAPE AND UNDERGROUNDED UTILITIES) AND THE
STREETSCAPING OF 38TH AVENUE FROM HARLAN STREET TO
WADSWORTH BOULEVARD (TO INCLUDE BUT NOT LIMITED TO
DETACHED SIDEWALKS, IRRIGATED TREE LAWNS, PEDESTRIAN
LIGHTS AND STREET FURNITURE)
SUCH BONDS TO BE DATED AND SOLD AT SUCH TIME, AND AT
SUCH PRICES (AT, ABOVE OR BELOW PAR) AND CONTAINING
SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE CITY
COUNCIL MAY DETERMINE; SUCH TAX RATE INCREASE TO
COMMENCE JANUARY 1, 2009 AND TERMINATE ON THE 1ST DAY OF
THE MONTH IMMEDIATELY FOLLOWING THE DATE ON WHICH THE
DEBT APPROVED HEREBY IS PAID IN FULL; AND SHALL THE TAX
REVENUES FROM THE TAX INCREASE AND ALL EARNINGS ON
SUCH REVENUES AND THE PROCEEDS OF THE BONDS
(REGARDLESS OF THE AMOUNT) CONSTITUTE A VOTER
APPROVED REVENUE CHANGE, AND AN EXCEPTION TO THE
REVENUE AND SPENDING LIMITS OF ARTICLE X, SECTION 20 OF
THE COLORADO CONSTITUTION?
Yes:
No:
Section 2. Ballot Title Set. The ballot title for the election is hereby set as
follows: the text of the ballot issue referred in Section 1 of this Ordinance.
Section 3. Challenaes to ballot title and content. For purposes of C.R.S. ~ 1-
11-203.5 and ~ 31-10-1308(2), this Ordinance shall serve to set the title and content of
the ballot issue set forth herein. Any petition to contest the form or content of the ballot
title must be filed with the Jefferson County District Court and a copy served on the City
Clerk within five days after the title of the ballot issue is set by the City Council upon
final adoption of this Ordinance on second reading.
Section 4. Safetv Clause. The City Council hereby finds, determines, and
declares that this Ordinance is promulgated under the general police power of the City
of Wheat Ridge, that it is promulgated for the health, safety, and welfare of the public
and that this Ordinance is necessary for the preservation of health and safety and for
the protection of public convenience and welfare. The City Council further determines
that the Ordinance bears a rational relation to the proper legislative object sought to be
attained.
Section 5. Effective Date. This Ordinance shall take effect immediately upon
adoption at second reading, as permitted by the Charter.
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INTRODUCED, READ, AND ADOPTED on first reading by a vote of 7-0 on this
11th day of August, 2008, ordered published in full in a newspaper of general circulation
in the City of Wheat Ridge and Public Hearing and consideration on final passage set
for August 25, 2008, at 7:00 o'clock p,m., in the Council Chambers, 7500 West 29th
Avenue, Wheat Ridge, Colorado, and that it take effect immediately upon adoption at
second reading.
READ, ADOPTED AND ORDERED PUBLISHED on second and final reading by
a vote of 8 to 0 , this 25th day of August, 2008.
SIGNED by the Mayor on this 2'ith
J~Muff
jryr:yrUiliO' Mayor
,2008.
ATTEST:
~
Michael Snow, City Clerk
First Publication: August 14, 2008
Second Publication: August 28, 2008
Wheat Ridge Transcript
Effective Date: August 25, 2008
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