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EPURA RESOLUTION 287
aCRESOLUTIONNO.287ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITYAPPROVINGPROPOSEDBALLOTLANGUAGERELATIVETOCREATIONOFAPERMANENTCOMMUNITYREINVESTMENTFUNDWHEREAS,theEstesParkBoardofTrusteeshasdeterminedthatitisinthebestinterestoftheTownofEstesParkanditscitizenstocreateapermanentCommunityReinvestmentFund;andWHEREAS,theCourtshaveyettoconclusivelydeterminewhetherornotUrbanRenewalAuthoritiesareexemptfromtheprovisionsofArticleX,Section20oftheColoradoConstitution;therefore,theBoardofTrusteesisoftheopinionthatitisprudenttoincludetheissueofretentionandexpenditureofsalesandusetaxincrementalrevenuesbytheEstesParkUrbanRenewalAuthorityinitsproposedballotquestionfortheNovember7,2000election;andWHEREAS,legalcounselhasadvisedthatboththeEstesParkBoardofTrusteesandtheEstesParkUrbanRenewalAuthorityBoardofCommissionersshouldapprovetheproposedballotlanguage.NOW,THEREFORE,BEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:TheproposedballotlanguagepreparedbytheTownAttorneyandapprovedbytheTownBoardofTrusteesbeapprovedbytheEstesParkUrbanRenewalAuthority,theproposedballotlanguagebeingasfollows:SHALLTHETOWNOFESTESPARK,COLORADO,INCLUDINGTHEESTESPARKURBANRENEWALAUTHORITY,BEAUTHORIZEDTOCOLLECTANDRETAINALLOFTHEREVENUEINEXCESSOFTHEREVENUELIMITATIONSOFARTICLEX,SECTION20OFTHECOLORADOCONSTITUTIONFROMSALESANDUSETAXES(WITHOUTANYINCREASEINSALESANDUSETAXRATES)ANDALLOTHERREVENUESOFTHETOWN,ANDTOSPENDALLOFSUCHREVENUESBYTRANSFERRINGSAIDREVENUESINTOTHECOMMUNITYREINVESTMENTFUNDFORTHEPURPOSEOFTHEACQUISITION,MAINTENANCE,REPAIRANDREPLACEMENTOFCAPITALPROJECTS,INCLUDINGEVENTS/RECREATIONFACILITIES,OPENSPACE,SIDEWALKS,TRAILS,LANDSCAPING,STREETANDPARKINGLOTCONSTRUCTION,STORMDRAINAGE,ANDMUNICIPALBUILDINGSANDFACILITIES?______YES_______NOADOPTEDthis30thdayofAugust,2000.ESTESPARKURBANRENEWALAUTHORITYChairman