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HomeMy WebLinkAbout20002055.tiff S'1/ 08 .;>8- Dora ' ORDINANCE NO. 218 IN THE MATTER OF APPROVING AND IMPLEMENTING THE WELD COUNTY LAND PRESERVATION SALES AND USE TAX PROGRAM BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF WELD, STATE OF COLORADO: WHEREAS, the Board of County Commissioners of the County of Weld,State of Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS,there is in Weld County, citizen support to protect and preserve Weld County's agricultural heritage through the preservation of agricultural lands,watersheds and river corridors, and wildlife habitat, and WHEREAS, little or no County-wide funding source currently exists to pay for such preservation, and WHEREAS, the intent of this Ordinance is to establish a County-wide sales and use tax in accordance with the terms set forth in this Ordinance for the purpose of paying for protective mechanisms and/or the acquisition, improvement,and maintenance of preserved agricultural lands, watersheds and river corridors, and wildlife habitats on a "willing seller" basis only, and WHEREAS, Weld County wishes to coordinate implementation of plans involving the protection and preservation of Weld County's agricultural heritage through the preservation of agricultural lands, watersheds and river corridors, and wildlife habitat, and WHEREAS, Weld County will coordinate with communities regarding their goals with respect to such preservation, and WHEREAS, the intent of this Ordinance is to supplement existing funding sources, if any, for such purposes, and WHEREAS, it is the intent of this Ordinance that the revenues generated hereby may be used to pay for principal and interest on "multiple-fiscal year direct or indirect district debt or other financial obligation whatsoever," as that term is used pursuant to the requirements of Article X, Section 20 of the Colorado Constitution, and WHEREAS, agriculture is determined to be significant to Weld County's cultural heritage, therefore preservation of lands for agricultural purposes from willing participants is desirable, and WHEREAS, pursuant to Section 29-2-10, C.R.S., Weld County has the authority :o levy a county use tax for the privilege of using or consuming in the County any construction and building materials purchased at retail or for the privilege of storing, using, or consuming in the County any motor and other vehicles, purchased at retail on which registration is required,or both, as provided in Section 29-2-109. C.R.S., effective throughout the incorporated and unincorporated portions of Weld County, and 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 2 WHEREAS, pursuant to Section 29-2-103. C.R.S., Weld County has the authority 10 levy a county sales tax on all sales of tangible personal property at retail or the furnishing of services in Weld County, as provided in Section 29-2-105(1)(d), C.R.S., effective throughout the incorporated and unincorporated portions of Weld County, and WHEREAS, it is the desire of Board of County Commissioners to deposit 100% of the revenue(gross receipts less collection and distribution costs)derived from the sales and use taxes into a separate fund to pay strictly for the preservation, protection, and/or provision of preserved land, natural areas, wildlife habitats, and parks. NOW, THEREFORE, BE IT ORDAINED by the Board of County Commissioners of the County of Weld, State of Colorado, that for the purpose of preserving, protecting, and/or prcviding preserved lands, natural areas, wildlife habitats, and parks, the following sales and use tax requirements shall apply and: I. Imposition of Sales Tax. There is hereby imposed a county-wide one-quarter of one percent (0.25%) sales tax on all sales of tangible personal property at retail or the furnishing of services in Weld County, as provided in Section 29-2-105(1)(d), C.R.S., effective throughout the incorporated and unincorporated portions o°Weld County, subject to the following terms and conditions: A. Transactions Subject to the Sales Tax. 1. The tangible personal property and services taxable hereunder shall be the same as the tangible personal property and services taxable pursuant to Section 39-26-104, C.R.S., subject to the same exemptions as those specified in Section 39-26-114, C:.R.S., including, specifically, and not by way of limitation,the exemption for sales of food (as the term "food" is defined in Section :39-26- 102(4.5), C.R.S.), as exempted from the Colorado state sales tax pursuant to Section 39-26-114(1)(a)(XX);the exemption for vending machine sales of food, as described in Section 39-26-114(7.5), C.R.S.; the exemption for purchases of machinery and machine tools specified in Section 39-26-114(11), C.R.S.; the exemption for sales and purchases of those items listed in Section 39-26- 114(l)(a)(XXI); the exemption for occasional sales by a charitable organization, as provided in Section 39-26-114(18), C.R.S.; the exemption for sales and purchases of farm equipment or farm equipment under lease or contract exempted from the Colorado state sales tax, pursuant to Section 39-26-114(20), excel on E definjq e* e a_ 0nr-pa is useddrrthe reek p nce_e4 =• a tpl i1eypalletsF&aids WOOay rti •mb, . e a - ^ . ` igd or adapted to Q ertakea _. ultw "Pt3j = ' e;s; and the exemption for sales of low-emitting motor vehicles, power sources, or parts used for converting such power sources, as specified an Section 39-26-114(22), C.R.S. 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 3 2. Such sales tax shall not apply to pesticides that are registered by the Colorado Commissioner of Agriculture for use in the production of agricultural and livestock products, pursuant to the provisions of the "Pesticide Act," Article 9 of Title 35, C.R.S., and offered for sale by dealers licensed to sell such pesticides, pursuant to Section 35-9- 115, C.R.S.,notwithstanding the removal of such pesticides from the Colorado state sales tax base, pursuant to House Bill 99-1381, enacted at the first regular session of the Sixty-Second General Assembly. 3. Such sales tax shall not apply to the sale of construction and building materials, as the term is used in Section 29-2-109, C.R.S., if such materials are picked up by the purchaser and if the purchaser of such materials presents to the retailer a building permit or other documentation acceptable to the County evidencing that a local use tax has been paid or is required to be paid. 4. All sales of personal property on which a specific ownership tax has been paid or is payable shall be exempt from the sales tax imposed by Weld County when such sales meet both of the following conditions: (i)the purchaser is a non-resident of or has his principal place of business outside of Weld County, and (ii) such personal property is registered or required to be registered outside the limits of Weld County under the laws of the State of Colorado. 5. Such sales tax will not be imposed upon the sale of tangible personal property at retail or the furnishing of services if the transaction was previously subjected to a sales or use tax lawfully imposed on the purchaser or user by another statutory or home rule county equal to or in excess of that sought to be imposed hereunder by Weld County. A credit shall be granted against the sales tax imposed hereunder by Weld County with respect to such transaction equal in amount to the lawfully imposed local sales or use tax previously paid by the purchaser or user to the previous statutory or home rule county. The amount of the credit shall not exceed the sales tax imposed hereunder by Weld County. 6. Such sales tax will not apply to the sale of food purchased with food stamps. For purposes of this section,"food"shall have the meaning as provided in 7 U.S.C. Section 2012(g) as such section exists on October 1, 1987, or is thereafter amended. 7. Such sales tax will not apply to the sale of food purchased with funds provided by the special supplemental food program for women, infants and children 42 U.S.C. Section 1786. For purposes of this section"food"shall have the same meaning as provided in 42 U.S.C. Section 1786 as such section exists on October 1, 1987, or is thereafter amended. 2000-2055 ORRD218 RE: ORDINANCE NO. 218 PAGE 4 B. Determination of Place at Which Sales are Consummated. For the purposes of this Ordinance, all retail sales shall be considered consummated at the place of business of the retailer, unless the tangible personal property sold is delivered by the retailer or his agent to a destination outside the limits of Weld County or to a common carrier for delivery to a destination outside the limits of Weld County. The gross receipts from such sales shall include delivery charges when such charges are subject to the Colorado state sales and use tax imposed by Article 26 of Title 39, C.R.S., regardless of the place to which delivery is made. In the event a retailer has no permanent place of business in Weld County, or has more than one place of business, the place or places at which the retail sales are consummated for the purpose of a sales tax imposed by this Ordinance shall be determined by the provisions of Article 26 of Tile 39, C.R.S., and by rules and regulations promulgated by the Department of Revenue. The amount subject to the sales tax imposed hereunder shall not include any Colorado state sales or use tax imposed by Article 26 of Title 39, C.R.S. C. Collection, Administration, and Enforcement. The sales tax imposed hereunder shall be collected, administered and enforced by the Executive Director of the Colorado Department of Revenue ("Executive Director") in the same manner as the collection, administration and enforcement of the Colorado state sales tax. The provisions of Article 26 of Title 39, C.R.S., and all rules and regulations promulgated thereunder by the Executive Director shall govern the collection, administration, and enforcement of the sales tax imposed hereunder. Distribution of all sales tax collected by the Executive Director, pursuant to this Ordinance, shall be to Weld County. D. Licensing of Vendors. Any person engaging in the business of selling tangible personal property at retail, or the furnishing of certain services as herein specified, is required to obtain a license therefore,which license shall be granted at no cost and issued by an official designated by the Board of County Commissioners, and shall be in force and effect for a period of three years thereafter, unless sooner revoked. Such license shall be granted upon application stating the name and address of the person desiring such license, the address of such business and location, and such other facts as the said official may reasonably require. In case business is transacted at two(2)or more separate places by one person, a separate licence fcr each place of business shall be required. Each license shall be numbered and shall show the name, residence, place and character of a business of the licensee and shall be posted in a conspicuous place in the place of business for which it is issued. No license shall be transferable. Any license nay be revoked for cause as provided in Section 39-26-103, C.R.S., and any amendment thereto enacted before the effective date of this Ordinance, which provision is incorporated herein by reference. No license shall be required for any person engaged exclusively in the business of selling commodities which are exempt from taxation under this Ordinance. The 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 5 vendor(retailer)shall be entitled as collecting agent to withhold a collection fee in the same amount and in the same manner as authorized in Section 39-26-105, C.R.S., and any amendment thereto enacted before or after the effective date of this proposal from the total amount due by vendor to the County. No vendor shall be entitled to the collection fee for any month that the vendor is or remains delinquent. E. Application of Section 29-2-108, C.R.S. The seven percent (7%) imitation on amount of sales tax provided for in Section 29-2-108, C.R.S., shall be exceeded in the municipalities of the City of Fort Lupton, the Town of Hudson, and the Town of Lochbuie, Colorado, upon the approval of the sales tax imposed hereunder. In such event, such sales tax limitatio i shall be exceeded by one-quarter of one percent (0.25%). II. Imposition of Use Tax. There is hereby imposed a county-wide one-quarter of one percent (0.25%) use tax in accordance with the provisions of Article 2, Title 29, C.R.S., for the privilege of using or consuming in Weld County any construction and building materials purchased at retail and for the privilege of storing, using, or consuming in Weld County any motor and other vehicles, purchased at retail on which registration is required, effective throughout the incorporated and unincorporated portions of Weld County, subject to the following terms and conditions: A. Exemptions from the Use Tax. 1. Storage, use, or consumption of any tangible personal property the sale of which is subject to a retail sales tax imposed by Weld County. 2. Storage, use or consumption of any tangible personal property purchased for resale in Weld County either in its original form or as an ingredient of a manufactured or compounded product, in the regular course of a business. 3. Storage, use or consumption of tangible personal property brought into Weld County by a nonresident thereof for his own storage, use, or consumption while temporarily within the County;however,as this exemption does not apply to the storage, use, or consumption of tangible personal property brought into this state by a nonresident to be used in the conduct of a business in this state. 4. Storage, use, or consumption of tangible personal properly by the United States government, or the State of Colorado, or its institutions, or its political subdivisions in their governmental capacities only or by religious or charitable corporations in the conduct of their regular religious or charitable functions. 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 6 5. Storage, use, or consumption of tangible personal properly by a person engaged in the business of manufacturing or compounding for profit, or the use of any article, substance, or commodity. which tangible personal property enters into the processing of or becomes an ingredient or component part of the product or service which is manufactured, compounded, or furnished and the container, label, or the furnished shipping case thereof. 6. Storage, use, or consumption of any article of tangible personal property, the sale or use of which has already been subjected to a legally imposed sales or use tax of another statutory or hone rule county equal to or in excess of that imposed by Weld County. A credit shall be granted against the use tax imposed by Weld County with respect to a person's storage, use, or consumption in Weld County of tangible personal property purchased in another statutory or home rule county. The amount of the credit shall be equal to the tax paid by the person by reason of the imposition of a sales or use tax of the other statutory or home rule county on the purchase or use of the property. The amount of the credit shall not exceed the tax imposed by this proposal. 7. Storage, use, or consumption of tangible personal property and household effects acquired outside of Weld County and brought into it by a non-resident acquiring residency. 8. Storage or use of a motor vehicle if the owner is or was, at the time of purchase, a non-resident of Weld County and he purchased the vehicle outside of Weld County for use outside of Weld County and actually so used it for a substantial and primary purpose for which it was acquired and he registered, titled, and licensed said motor vehicle outside of Weld County. 9. Storage, use, or consumption of any construction and building materials and motor and other vehicles on which registration is required if a written contract for the purchase thereof was entered into prior to the effective date of this use tax proposal. 10. Storage, use, or consumption of any construction and building materials required or made necessary in the performance of any construction contract bid, let, or entered into any time prior to the effective date of the use tax imposed hereunder. 11. The use tax imposed hereunder shall be applicable to every motor vehicle for which registration is required by the laws of the State of Colorado, and no registration shall be made of any motor or other vehicle for which registration is required, and no certificate of title shall be issued for such vehicle by the Department of Revenue or its 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 7 authorized agents until any tax due upon the use, storage, or consumption thereof pursuant to this Ordinance has been paid. B. Collection, Administration, and Enforcement. Except as proviced by Sections 39-26-209 and 39-26-304, C.R.S., the use tax imposed hereunder shall be collected, enforced and administered by Weld County. The use tax on construction and building materials shall be collected by the County Building Inspection Department, by each municipality or, as rray be otherwise provided by intergovernmental agreement, based upon an estimate of building and construction materials costs submitted by the owner or contractor at the time a building permit application is made. All use tax collected on construction and building materials pursuant to this Ordnance shall be distributed to Weld County. All use tax collected on motor or other vehicles pursuant to this Ordinance shall be distributed to Weld County. III. Effective Date. The effective date of this Ordinance and the date upon wh ch the imposition of the sales and use taxes referred to herein begins shall be Jan!Jary 1, 2001. IV. Necessity for Election. The sales and use taxes imposed hereunder shall not become effective until and unless a majority of the registered electors voting thereon, pursuant to Sections 29-2-103O) and 29-2-104(5), C.R.S. A. Ballot Titles/Questions. The Ballot Titles/Questions on the county-wide sales and use tax Ordinance that shall be referred to the registered electors of Weld County at the general election to be held on Tuesday, the 7th day of November, 2000, shall be, in substantially the following form, with only such changes as may be determined by the Board of County Commissioners: "SHALL WELD COUNTY TAXES BE INCREASED $3.5 MILLION ANNUALLY,AND BY WHATEVER ADDITIONAL AMOUNTS ARE RAISED ANNUALLY THEREAFTER, BY A COUNTY-WIDE SALES AND USE TAX OF ONE QUARTER OF ONE PERCENT (1 CENT ON A $4 PURCHASE) EFFECTIVE JANUARY 1, 2001, AND AUTOMATICALLY EXPIRING AFTER 10 YEARS, WITH THE REVENUES PLEDGED TO THE WELD COUNTY LAND PRESERVATION FUND, IN ORDER TO PROTECT AND PRESERVE WELD COUNTY'S AGRICULTURAL HERITAGE THROUGH THE PRESERVATION OF AGRICULTURAL LANDS, THE PROTECTION OF WATERSHEDS AND RIVER CORRIDORS, AND THE PROTECTION OF WILDLIFE HABITAT, AND THE REPAYMENT OF ANY BONDED INDEBTEDNESS ISSUED FOR SUCH PURPOSES, ALL IN ACCORDANCE WITH WELD COUNTY ORDINANCE NO. 218, WITH NO MORE THAN FOUR PERCENT (4%) OF THE EXPENDITURES USED FOR ADMINISTRATION AND ALL EXPENDITURES BASED ON RECOMMENDATIONS OF A CITIZENS' ADVISORY COMMITTEE AND SUBJECT TO ANNUAL INDEPENDENT AUDIT, AND SHALL THE PROCEEDS AND INVESTMENT INCOME THEREON CONSTITUTE 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 8 VOTER-APPROVED REVENUE CHANGES AND BE COLLECTED AND SPENT BY THE COUNTY WITHOUT REGARD TO ANY EXPENDITURE, REVENUE RAISING, OR OTHER LIMITATION CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION, AND WITHOUT LIMITING IN ANY YEAR THE AMOUNT OF OTHER REVENUES THAT MAY BE COLLECTED AND SPENT E3Y THE COUNTY?" YES NO B. Cost of Election. The entire cost of the election shall be paid frcm the general fund of Weld County. C. Notice by Publication. The Weld County Clerk and Recorder shall publish the text of this sales and use tax Ordinance four separate times, a week apart, in the official newspaper of Weld County and each municipality within this County. D. Election Officer. The Weld County Clerk and Recorder, as election officer, shall undertake all measures necessary to comply with the election provisions set forth in Colorado Constitution, Article X, Section 20(3), including, but not limited to, the mailing of required election notices and ballot issue summaries. E. Conduct of Election. The conduct of the election shall conform so far as is practicable to the general election laws of the State of Colorado. V. Creation of the Weld County Land Preservation Fund and Allocation of Revenues. A separate fund, to be known as the "Weld County Land Preservation Fund" (the "Fund"), shall be created and 100% of the revenue (gross receipts less collection and distribution costs)derived from the sales and use tax shall be deposited thereto to be used solely for the purposes stated herein and as further described below. VI. Interest from Revenues and Income Generated from Acquired Lands. Interest generated from the revenues of the sales and use taxes imposed herein shall be used for the purposes stated herein. Income generated from the use or lease of preserved lands, natural areas, wildlife habitats, and parks acquired with the sales and use taxes imposed herein shall be used for the purposes stated herein. VII. Use of Revenues Distributed to Fund. The revenues shall be used solely for paying: (i) all or any part of the costs of negotiating for and acquiring interests in, protecting and improving preserved lands, natural areas, wildlife habitats, and parks; (ii) up to thirty percent (30%) of the revenue may be set aside to be used solely for paying all or any part of the long-term costs of operating, maintaining, and administering such interests and improvements; and (iii)not more than four percent 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 9 (4%) of the previously stated thirty percent (30%) of the revenue shall be used for program costs, including, but not limited to, fund distribution, grant writing, and administration. Specifically,with respect to the revenues attributed to the Fund,the preserved lands, natural areas, wildlife habitats, and parks upon which the Fund may be spent shall be designated by the Board of County Commissioners. upon consideration of the recommendations of the Board described herein, utilizing the following guidelines: A. Preserved lands. Preserved lands may include: 1. Lands that will be preserved for agricultural purposes from willing participants. 2. Lands with significant natural resource, scenic and wildlife habitat values. 3. Lands that are buffers maintaining community identity. 4. Lands that are to be used for wildlife migration routes. 5. Lands that provide outdoor recreation, environmental educa-ion or nature observation opportunities near population centers, including areas that expand or provide buffers to existing parklands. 6. Lands with other important values such as scenic and historic sites that contribute to Weld County's natural and cultural heritage. B. Lands highly desirable for preservation. Lands considered to be highly desirable for preservation using revenue from the Fund share and in cooperative partnerships with other entities include: 1. Land preserved for agricultural preservation. 2. Riparian lands and access to riparian lands along the Big Thompson River, Cache La Poudre River, Little Thompson River, St. Vrain River, and South Platte River. 3. Wildlife habitat and scenic land preservation located in the foothills and upland grasslands. 4. Buffers to maintain community identity which include agricultural uses in the area. 5. Wildlife habitat, scenic land preservation and buffers. 6. Lands for wildlife habitat protection and passive recreation at plains reservoirs. 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 10 C. Other Lands. Other lands upon which the Fund may be spent include those lands for which the Board of County Commissioners has determined are, or may in the future be,within the public interest to acquire areas of interest in order to assure their protection. D. Expenditure Restrictions. The proceeds of the sales and use taxes distributed to the Fund shall be expended by Weld County only for the following purposes: 1. To acquire fee title interest in real property in Weld County for land preservation, natural area, wildlife habitat, park and trail purposes. 2. To acquire less than fee interests in real property such as easements(including conservation and agricultural),leases,options, future interest,covenants,development rights,subsurface rights and contractual rights, either on an exclusive or nonexclusive basis, for land preservation, natural area, wildlife habitat, park and trail purposes. 3. To acquire water rights and water storage rights for use in connection with the aforementioned purposes. 4. To allow expenditure of funds for joint projects between counties, municipalities, recreation districts,other government entities, trusts, foundations or other public or private entities for land preservation, natural area, wildlife habitat, and parks in Weld County. 5. To improve and protect preserved lands, natural areas, wildlife habitat, and parks. 6. To manage, patrol and maintain preserved lands, natural areas, wildlife habitat, and parks. 7. To pay for related collection, distribution and construction costs subject to limitations stated herein. 8. To pay for repayment of bonded indebtedness authorized by the Board of County Commissioners and issued by Weld County for the purposes set forth herein, including interest. The property interests so acquired shall be held by Weld County,the Weld Land Trust, or some other similar land trust, to be held according to the terms and restrictions contained in this Ordinance. E. Fund Advisory Board. A voluntary county-wide Advisory Board snail be established and appointed by the Board of County Commissioners to make recommendations to the Board of County Commissioners regarding 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 11 expenditures from the Fund and transfers or encumbrances of lands acquired through such expenditures. The Fund Advisory Board shall: 1. Oversee the administration and operations of the program and make recommendations to the Board of County Commissioners regarding the same. 2. Develop guidelines concerning the program administration and operations for approval by the Board of County Commissioners, giving priority to conservation easements. 3. Develop guidelines providing authority to Weld County to use the Fund for joint projects which are leveraged with other available funds. 4. The Fund Advisory Board shall consist of nine (9) members who shall be appointed by the Board of County Commissioners, including two (2) at-large members and seven (7) members residing during their terms in seven (7) geographic districts of Weld County. The seven (7) geographic districts shall be as follows: a. District 1 shall include the area within the following boundaries:the eastern county line;the northern county line; Colorado State Highway 14; U.S. Highway 85; and U.S. Highway 34 bypass, excluding the City of Greeley. b. District 2 shall include the area within the following boundaries:the western county line;Colorado State Highway 14; U.S. Highway 85; and U.S. Highway 34 bypass, excluding the City of Greeley. c. District 3 shall include the area within the foliowing boundaries: the western county line; U.S. Highway 34; U.S. Highway 85; Colorado State Highway 66, excluding the City of Greeley. d. District 4 shall include the area within the foliowing boundaries:the western county line;Colorado State Highway 66; U.S. Highway 85; and the southern county line. e. District 5 shall include the area within the fol owing boundaries: the eastern county line; U.S. Highway 34; U.S. Highway 85; the southern county line, excluding the City of Greeley. f. District 6 shall include the area within the following boundaries: the City of Greeley east of 35th Avenue. 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 12 g. District 7 shall include the area within the following boundaries: the City of Greeley west of 35th Avenue 5. The term of office of each Fund Advisory Board member shall be 4 years. Terms shall be staggered initially so that three (3) members shall be appointed to a two(2)year term,three(3)members shall be appointed to a three (3) year term (with one being an at-large member), and three (3) members being appointed to a four (4) year term (with one being an at-large member). F. Restriction on Transfer or Encumbrance of Acquired Lands. No land acquired through the revenues provided by the sales and use taxes imposed herein may be sold, leased, traded, or otherwise conveyed, nor may an exclusive license or permit on such land be given, nor may the use of such land be converted to purposes other than those permitted hereby, nor may any encumbrance be placed thereon until approval of such action by the appropriate elected board or council, or trust. Prior to such action, the proposed action shall be reviewed by the Fund Advisory Board, and a recommendation shall be forwarded to the appropriate elected beard or council, or trust. Notice of such proposed action shall be delivered to the Board of County Commissioners and the Fund Advisory Board at least 30 days in advance of the meeting of such elected board or council, or of the board of directors of the trust, wherein the action is considered The following requirements shall apply: (i) if any real property or interest therein acquired by use of proceeds of said sales and use taxes imposed herein ever be sold, exchanged, transferred or otherwise disposed of, the consideration for such sale, exchange, transfer or disposition shall be subject to the same expenditure and use restrictions as those so forth herein for the original proceeds of said sales and use taxes including restrictions set forth in this section; and (ii) if any real property or interest therein acquired by use of proceeds of said sales and use taxes imposed herein shall ever be converted to purposes other than land presentation, natural area, wildlife habitat, park purposes, the County or trust shall pay into the Fund, from any legally available County or trust moneys other than said sales and use taxes, the then estimated value of such property, as determined by an appraisal. All acquisitions shall be carried out with good faith negotiations with willing sellers. No entity receiving the sales and use tax revenues generated herein shall use such funds to make any acquisition authorized herein through eminent domain. VIII. Pledge for Capital Improvements. Pursuant to Article 2 of Title 29, C.R.S., Weld County is authorized to create a special fund to be known as the "Sales and Use Tax Capital Improvement Fund," for the deposit of all or any part of the sales and use tax revenue (or both, as determined by the Board of County Commissioners) to be used solely to provide capital improvements. 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 13 BE IT FURTHER ORDAINED by the Board that it shall, by separate ordinance, adopt such uniform rules and regulations, and, by resolution,enter into and execute on behalf of Weld County any agreements necessary for the administration and enforcement of this Ordinance. BE IT FURTHER ORDAINED by the Board that for the purposes of Colorado Constitution Article X, Section 20, the receipt and expenditure of revenue of this sales and use tax and investment income thereon, shall be accounted for, budgeted and appropriated separately from other revenues and expenditures of Weld County and outside of the fiscal year spending of the County as calculated under Article X, Section 20, and nothing in Article X, Section 20, shall limit the receipt and expenditure in each fiscal year of the full amount of such revenues, nor shall receipt and expenditure of such revenues affect the receipt or expenditure of any and all other revenues of Weld County for any fiscal year. BE IT FURTHER ORDAINED by the Board that the Board is authorized to issue revenue bonds, pursuant to the provisions of Section 29-2-112, C.R.S.,to be paid solely from the Sales and Use Tax Capital Improvement Fund referred to in Section IX, above. The issuance of such bonds shall not require further election and shall not be subject to the requirements of Colorado Constitution Article X, Section 20. BE IT FURTHER ORDAINED by the Board that if any section, subsection, paragraph, sentence, clause, or phrase of this Ordinance is for any reason held or decided to be unconstitutional, such decision shall not affect the validity of the remaining portions hereof. The Board of County Commissioners hereby declares that it would have enacted this Ordinance in each and every section, subsection, paragraph, sentence, clause,and phrase thereof irrespective of the fact that any one or more sections, subsections, paragraphs, sentences, clauses,or phrases might be declared to be unconstitutional or invalid. BE IT FURTHER ORDAINED by the Board that the sales and use taxes imposed nerein shall expire at midnight on December 31, 2020 ZQ , and all moneys remaining in the Fund shall continue to be expended for the purposes set forth herein until completely exhausted. 2000-2055 ORD218 RE: ORDINANCE NO. 218 PAGE 14 The above and foregoing Ordinance Number 218 was,on motion duly made and seconded, adopted by the following vote on the 11th day of September, A. D., 2000. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: --- Barbara J. Kirkmeyer, Chair Weld County Clerk to the Board M. J. Geile, Pro-Tern BY: Deputy Clerk to the Board — --- George E. Baxter APPROVED AS TO FORM: Dale K. Hall County Attorney Glenn Vaad First Reading: August 14, 2000 Publication: August 17, 2000 Second Reading: August 28, 2000 Publication: August 31, 2000 Final Reading: September 11, 2000 Publication: September 14, 2000 Effective: January 1, 2001, if approved by majority vote of the registered electors of Weld County at the General Election November 7, 2000. 2000-2055 ORD218 Hello