HomeMy WebLinkAbout 13-43 Use of Revenues 1% taxRESOLUTION NO. 13-43
A RESOLUTION CONCERNING THE USE OF REVENUES FROM THE ONE PERCENT
SALES TAX INCREASE REFERRED TO THE REGISTERED ELECTORS AT THE
SPECIAL ELECTION TO BE HELD NOVEMBER 5, 2013
WHEREAS, by the adoption %J Resolution No. 13-39 and Ordinance No. 830, the Board
of Trustees has called a special election to be held November 5, 2013 and has referred to the
registered electors of the Town TABOR ballot issues proposing a sales tax increase of one
percent commencing January 1, 2014 and proposing the authorization of debt to fund parks and
streets projects; and
WHEREAS, the Board of Trustees desires by this Resolution to further state its intent
with respect to use of funds from the sales tax, while recognizing that final decisions regarding
the use of revenues from the tax and use of debt authorization, if approved by the voters, will be
made through the Town's capital improvement planning and annual budgeting processes;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO:
Section 1. As stated in the ballot titles therefor, if Ballot Issue 2A is approved by the
registered electors of the Town at the November 5, 2013 special election, all or any portion of the
net proceeds of the Town sales tax shall be collected, retained and spent to finance the
acquisition, development, construction, repair, replacement, expansion, rehabilitation and
renovation of existing and planned streets and parks.
Section 2. Recognizing that Ballot Issue 2A will, if approved, generate revenues to
assist the funding of several categories of capital improvement projects within the Town, the
Board of Trustees states it is the Board's present intent that revenues from the one percent sales
tax provide a funding source for the following capital improvements:
• Widening of Firestone Boulevard
• Reconstruction of Colorado Boulevard
• Reconstruction of Historic Firestone Streets
• Improvements to McClure Avenue and Locust Street
• Construction of Sable Avenue Sidewalks
The capital improvements projects within the above list are as further described in the Town of
Firestone five-year capital improvement plan, as adopted and amended from time to time.
Section 3. As stated in the ballot title therefor, if Ballot Issues 2A and 2B are
approved by the registered electors, any portion of the net proceeds of the one percent sales tax
not deposited to the Sales Tax Capital Improvement Fund for debt service shall be collected,
retained and spent for operating or maintaining any existing or planned parks and streets
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including without limitation, ongoing operations and maintenance of streets and parks in
Firestone to extend their useful life and, in the case of streets, to improve driver and pedestrian
safety.
Section 4. The list of projects in Section 2, above, is not an exclusive list, nor does
this list or resolution imply any order of priority for completion of projects or any guarantee of
funding. Rather, the Board intends that all decisions regarding the use of revenues from the tax
will be made by the current and succeeding Boards of Trustees through the Town's capital
improvement planning and annual budgeting processes. Nothing herein constitutes an
appropriation of funds.
READ, PASSED AND ADOPTED this 28t" day of August, 2013.
ATTEST:
Medina, Town Clerk
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Chad Auer, Mayor
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