CITY OF FORT COLLINS
BALLOT ISSUE 200
PROPOSED CITIZEN-INITIATED ORDINANCE NO. 1, 2001
SHALL CITY OF FORT COLLINS SALES AND USE TAXES BE INCREASED BY AN ESTIMATED $8,000,000 FOR THE FIRST FULL FISCAL YEAR AND BY SUCH AMOUNTS AS MAY BE GENERATED ANNUALLY THEREAFTER BY INCREASES IN THE RATES THEREOF FROM 3.00% TO 3.29%, TO COMMENCE JANUARY 1, 2002, AND EXPIRE DECEMBER 31, 2021, THE PROCEEDS OF WHICH TAX RATE INCREASES, TOGETHER WITH INVESTMENT EARNINGS THEREON, SHALL BE USED FOR THE ACQUISITION, CONSTRUCTION, INSTALLATION, OPERATION AND MAINTENANCE OF
- A NEW PERFORMING ARTS CENTER, INCLUDING AN APPROXIMATELY 2,200-SEAT MAIN THEATER AND AN APPROXIMATELY 400-SEAT THEATER, A VISUAL ARTS GALLERY, SPACE FOR COMMUNITY MEETINGS AND IMPROVEMENTS TO THEATERS IN THE COLORADO STATE UNIVERSITY CENTER FOR THE ARTS TO ACCOMMODATE JOINT USE WITH THE CITY,
- A NEW MAIN LIBRARY WITHOUT REGARD TO LIMITATIONS CONTAINED IN PEOPLES ORDINANCE NO. 1, 1975, AND LAND FOR A NEW SOUTHEAST BRANCH LIBRARY AND
- MUSEUM FACILITIES WITHOUT REGARD TO LIMITATIONS CONTAINED IN PEOPLES ORDINANCE NO. 2, 1975,
OR FOR THE PAYMENT OF PRINCIPAL, INTEREST AND ANY PREMIUM DUE IN CONNECTION WITH SALES AND USE TAX REVENUE BONDS ISSUED BY THE CITY FOR THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF SUCH FACILITIES, TO CONTINUE WITHOUT REDUCTION IN RATES UNTIL SUCH BONDS ARE PAID IN FULL AND THEREAFTER TO BE REDUCED TO RATES SUFFICIENT TO PAY THE REMAINING COSTS OF ACQUISITION, CONSTRUCTION AND INSTALLATION OF SUCH FACILITIES AND THE OPERATION AND MAINTENANCE THEREOF, SUCH TAX RATE INCREASES AND REDUCTIONS TO BE ENACTED BY SUCH ORDINANCES OF THE CITY COUNCIL AS MAY BE NECESSARY TO EFFECT THE PROVISIONS HEREOF, AND IN CONNECTION THEREWITH SHALL THE CITY OF FORT COLLINS BE AUTHORIZED TO COLLECT AND EXPEND THE PROCEEDS OF SUCH TAX RATE INCREASES 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, ALL IN ACCORDANCE WITH CITIZEN-INITIATED ORDINANCE NO. 1, 2001?
_____ YES
_____ NO
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