8487 - SUBMITTING TO THE ELECTORS OF THE CITY OF BOULDER AT THE GENERAL MUNICIPAL COORDINATED ELECTION TO BE HELD ON TUESDAY, NOVEMBER 2, 2021, THE QUESTION TO AUTHORIZE THE INCREASE OF DEBT OF THE CITY TO FUND CAPITAL IMPROVEMENTS FOR 15 YEARS, WITH THE1
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ORDINANCE 8487
AN ORDINANCE SUBMITTING TO THE ELECTORS OF THE
CITY OF BOULDER AT THE GENERAL MUNICIPAL
COORDINATED ELECTION TO BE HELD ON TUESDAY,
NOVEMBER 2, 2021, THE QUESTION TO AUTHORIZE THE
INCREASE OF DEBT OF THE CITY TO FUND CAPITAL
IMPROVEMENTS FOR 15 YEARS, WITH THE PROCEEDS
THEREOF TO BE USED FOR CAPITAL IMPROVEMENT
PROJECTS IN THE CITY OF BOULDER AS SET FORTH IN
THE BALLOT; SPECIFYING THE FORM OF THE BALLOT
AND OTHER ELECTION PROCEDURES; AND SETTING
FORTH RELATED DETAILS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BOULDER,
COLORADO:
Section 1. A general municipal coordinated election will be held in the city of Boulder,
county of Boulder and state of Colorado, on Tuesday, November 2, 2021.
Section 2. At that election, a question shall be submitted to the electors of the city of
Boulder entitled by law to vote, that will allow voters to consider authorizing debt to be issued to
be repaid from revenues from the tax extension of the Community, Culture, Resilience, and
Safety Tax, if approved by the voters as specified in Ordinance 8476 as provided in the ballot
title.
Section 3. The official ballot shall contain the following ballot title, which shall also be
the designation and submission clause for the issue:
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BALLOT ISSUE NO. ___
SHALL CITY OF BOULDER DEBT BE INCREASED UP TO
$110,000,000 (PRINCIPAL AMOUNT) WITH A MAXIMUM
REPAYMENT COST OF UP TO $158,000,000 (SUCH AMOUNT
BEING THE TOTAL PRINCIPAL AND INTEREST THAT
COULD BE PAYABLE OVER THE MAXIMUM LIFE OF THE
DEBT) TO BE PAYABLE SOLELY FROM THE EXTENSION
OF THE COMMUNITY, CULTURE, RESILIENCE, AND
SAFETY SALES AND USE TAX OF 0.3 PERCENT
(PREVIOUSLY KNOWN AS THE COMMUNITY, CULTURE,
AND SAFETY TAX), IF SEPARATELY APPROVED;
SUCH DEBT TO BE SOLD AT SUCH TIME AND IN SUCH
MANNER AND TO CONTAIN SUCH TERMS, NOT
INCONSISTENT HEREWITH, AS THE CITY COUNCIL MAY
DETERMINE, WITH THE PROCEEDS OF SUCH DEBT AND
EARNINGS THEREON BEING USED TO FUND CITY
CAPITAL IMPROVEMENT PROJECTS AND NON-PROFIT
PROJECTS THAT SERVE THE PEOPLE OF BOULDER
PAYABLE FROM SUCH SALES AND USE TAX EXTENSION
INCLUDING, AMONG OTHER THINGS:
MAINTAIN AND IMPROVE ROADS AND MULTI-MODAL
PATHS; REPLACE CRITICALLY DETERIORATED SIGNAL
POLES; REPLACE CENTRAL AVENUE BRIDGE; IMPROVE
THE BOULDER CREEK PATH CORRIDER; IMPLEMENT THE
BOULDER CIVIC AREA PHASE 2/CENTRAL PARK
IMPROVEMENTS; COMPLETE FIRE STATION 3
CONSTRUCTION; RELOCATE OR RECONSTRUCT FIRE
STATION 2 OR FIRE STATION 4; PURCHASE EMERGENCY
VEHICLES FOR BOULDER FIRE RESCUE TO PROVIDE
ADVANCED LIFE SUPPORT ; RENOVATE EAST BOULDER
RECREATION CENTER; ACQUIRE STREETLIGHT SYSTEM
AND CONVERT TO LED LIGHTS; REFRESH PEARL STREET
MALL; OR USED TO FUND OTHER CITY CAPITAL
IMPROVEMENT PROJECTS AND PROJECTS OF NON -
PROFIT ORGANIZATIONS OTHERWISE PAYABLE FROM
SAID SALES AND USE TAX;
AND IN CONNECTION THEREWITH, SHALL ANY
EARNINGS FROM THE INVESTMENT OF THE PROCEEDS
OF SUCH DEBTS CONSTITUTE A VOTER APPROVED
REVENUE CHANGE AND AN EXCEPTION TO THE
REVENUE AND SPENDING LIMITS OF ARTICLE X,
SECTION 20 OF THE COLORADO CONSTITUTION?
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YES/FOR ____ NO/AGAINST ____
Section 4. This ordinance is necessary to protect the public health, safety, and welfare of
the residents of the city, and covers matters of local concern.
Section 5. The City Council deems it appropriate that this ordinance be published by title
only and orders that copies of this ordinance be made available in the
office of the city clerk for public inspection and acquisition.
INTRODUCED, READ ON FIRST READING, AMENDED, AND ORDERED
PUBLISHED BY TITLE ONLY this 3rd day of August 2021.
____________________________
Sam Weaver, Mayor
Attest:
________________________________
City Clerk
READ ON SECOND READING, PASSED AND ADOPTED this 17th day of August
2021.
______________________________
Sam Weaver, Mayor
Attest:
________________________________
City Clerk