City of Fountain - Pure Colorado

FOUNTAIN, COLORADO 80817

NOTICE OF ELECTION TO INCREASE TAXES ON A REFERRED MEASURE CITY OF FOUNTAIN

Election Date: November 3, 2009

SHALL CITY OF FOUNTAIN TAXES BE INCREASED $1,352,000 (FIRST FULL FISCAL YEAR DOLLAR INCREASE) ANNUALLY AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY THEREAFTER, SUCH TAX TO BE IMPLEMENTED BY AN AMENDMENT TO THE FOUNTAIN MUNICIPAL CODE TO CONSIST OF A RATE INCREASE IN THE CITY-WIDE SALES TAX OF 0.75% (SEVENTY-FIVE HUNDREDTHS OF ONE PERCENT WHICH REPRESENTS THREE-QUARTERS OF A CENT ON EACH ONE DOLLAR PURCHASE) (AN INCREASE IN THE SALES TAX RATE FROM 3% TO 3.75%) BEGINNING ON OR AFTER JANUARY 1, 2010, WITH A REDUCTION OF SUCH TAX RATE INCREASE TO 0.40% (FORTY HUNDREDTHS OF ONE PERCENT WHICH REPRESENTS FOUR-TENTHS OF A CENT ON EACH ONE DOLLAR PURCHASE) (TO A SALES TAX RATE OF 3.40%) TEN YEARS AFTER THE BEGINNING OF THE TAX FOR TRANSPORTATION FUNDING INCLUDING TRANSPORTATION IMPROVEMENTS, TRANSPORTATION SERVICES, TRANSPORTATION MAINTENANCE AND PUBLIC TRANSPORTATION AS FOLLOWS:

• THE 0.35% (THIRTY-FIVE HUNDREDTHS OF ONE-PERCENT) PORTION OF THE SALES TAX INCREASE SHALL END TEN YEARS AFTER THE BEGINNING OF THE TAX AND SHALL BE USED TO PAY FOR CAPITAL IMPROVEMENTS TO STREETS INCLUDING PAVING, CURBS, GUTTERS MEDIANS, SIDEWALKS AND/OR NECESSARY DRAINAGE FACILITIES, TRAFFIC SIGNALS AND SAFETY IMPROVEMENTS FOR THE FOLLOWING PROJECTS:

• RAILROAD CROSSING HORN QUIET ZONE & SAFETY IMPROVEMENTSDUCKWOOD ROAD/STATE HIGHWAY 85 INTERSECTION &RAILROAD CROSSING IMPROVEMENTS-REPLACES MESA ROAD CROSSING
• C&S ROAD CONNECTION TO DUCKWOOD ROAD/MESA ROAD
• COMANCHE VILLAGE/STATE HIGHWAY 85 INTERSECTION IMPROVEMENTS
• FOUNTAIN MESA ROAD/C&S ROAD INTERSECTION IMPROVEMENTS
• OHIO AVENUE/JIMMY CAMP ROAD INTERSECTION IMPROVEMENTS
• CARSON BLVD/STATE HIGHWAY 85 TRAFFIC SIGNAL
• MONTEREY WAY IMPROVEMENTS-COMANCHE VILLAGE TO C&S ROAD
• AMERICANS WITH DISABILITIES ACT SIDEWALK CORNER RAMP IMPROVEMENTS
• TRAFFIC CALMING - VARIOUS LOCATIONS:

AND

• THE 0.25% (TWENTY-FIVE HUNDREDTHS OF ONE PERCENT) PORTION OF THE SALES TAX INCREASE SHALL BE USED FOR PUBLIC TRANSPORTATION INCLUDING TRANSIT SERVICES, TRANSIT IMPROVEMENTS, AND TRANSIT MAINTENANCE WHICH MAY INCLUDE FIXED-ROUTE BUS SERVICE, EXPRESS BUS SERVICE, OTHER BUS SERVICE, PARATRANSIT SERVICE, DIAL-A-RIDE TRANSIT SERVICE, TRANSIT VEHICLES, TRANSIT EQUIPMENT, AND/OR TRANSIT FACILITIES;

• THE 0.15% (FIFTEEN HUNDREDTHS OF ONE PERCENT) PORTION OF THE SALES TAX INCREASE SHALL BE USED TO PAY FOR PUBLIC STREET RESURFACING;

AND SHALL ALL TAX REVENUES GENERATED FROM THE SALES TAX AUTHORIZED HEREIN AND FROM ANY EARNINGS FROM THE INVESTMENT OF SUCH REVENUES CONSTITUTE A VOTER-APPROVED REVENUE CHANGE, AND AN EXCEPTION TO THE REVENUE AND SPENDING LIMITS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?