BALLOT ISSUE NO. 1
A CITY-INITIATED MEASURE PROPOSING A 0.25% INCREASE IN THE CITY'S SALES AND USE TAX TO FUND CERTAIN TRANSPORTATION CAPITAL IMPROVEMENT PROJECTS
SHALL CITY OF FORT COLLINS TAXES BE INCREASED BY AN ESTIMATED $6.75 MILLION FOR THE FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS MAY BE GENERATED ANNUALLY THEREAFTER BY AN INCREASE IN THE RATE OF THE CITY'S SALES AND USE TAX OF 0.25% (25¢ ON A $100 PURCHASE), ON ALL TAXABLE ITEMS, WITHOUT TAXING FOOD, COMMENCING JULY 1, 2003, AND CONTINUING THROUGH JUNE 30, 2013, WITH THE QUESTION OF EXTENDING SUCH TAX FOR ANOTHER TEN (10) YEARS TO BE SUBMITTED TO THE REGISTERED ELECTORS OF THE CITY BEFORE THE END OF THE INITIAL TEN-YEAR PERIOD, AND WITH THE PROCEEDS OF SUCH TAX RATE INCREASE, TOGETHER WITH INVESTMENT EARNINGS THEREON, TO BE USED TO PAY FOR THE PLANNING, DESIGN, ACQUISITION AND CONSTRUCTION OF CERTAIN TRANSPORTATION CAPITAL IMPROVEMENT PROJECTS, TO BE DESIGNATED BY THE CITY COUNCIL NO LESS THAN ONCE EVERY FOUR (4) YEARS AS THE HIGHEST PRIORITY TRANSPORTATION PROJECTS SHOWN ON A TWENTY (20) YEAR TRANSPORTATION MASTER PLAN, WITH THE FIRST PHASE OF SUCH PLAN TO INCLUDE, BUT NOT BE LIMITED TO, THE FOLLOWING PROJECTS:
- HARMONY ROAD, COLLEGE TO SENECA
- COLLEGE/HARMONY INTERSECTION
- SHIELDS/HARMONY INTERSECTION
- TIMBERLINE ROAD, PROSPECT TO DRAKE
- TIMBERLINE/PROSPECT INTERSECTION
- MASON TRANSPORTATION CORRIDOR
- LEMAY AVE., LINCOLN TO CONIFER RIGHT OF WAY
- COLLEGE/DRAKE INTERSECTION
- TAFT/ELIZABETH INTERSECTION
- SHIELDS/ELIZABETH INTERSECTION
WITH EACH SUCH PROJECT TO BE CONTINGENT UPON THE AVAILABILITY OF SUFFICIENT LOCAL, STATE AND/OR FEDERAL FUNDS TO COMPLETE THE PROJECT AND WITH THE SCOPE, COST AND SCHEDULING OF EACH PROJECT TO BE DETERMINED BY THE CITY COUNCIL; AND SHALL THE CITY OF FORT COLLINS BE AUTHORIZED TO COLLECT AND EXPEND ALL OF THE PROCEEDS OF SUCH TAX RATE INCREASE AND INVESTMENT EARNINGS THEREON, NOTWITHSTANDING ANY APPLICABLE LIMITATION ON REVENUES AND EXPENDITURES, INCLUDING THE LIMITATIONS SET FORTH IN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?
_____ YES
_____ NO
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