HomeMy WebLinkAbout4408-03/20/2000 MISC
iNDEX1001889
` BLACK HAWK COUNTY IOWA:ss
'MARGIN Filed for record JULY 26 , 2000 at
MDCAF 4:00 P.M. and recorded in Book 339
COMPA i Et9i2z66:isc at page 510• ,e9 2 i.O Recorder
FEE 1-10.00/
CITY OF WATERLOO
This Ordinance prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
ORDINANCE NO. 4408
AN ORDINANCE IMPOSING A TAX WITHIN THE CITY
OF WATERLOO, IOWA, OF ONE PERCENT (1%) UPON
LOCAL SALES AND SERVICE TO BE EFFECTIVE
JANUARY 1, 2001, AND ENDING ON DECEMBER 31,
2005, AND PROVIDING THAT THE REVENUE SHALL BE
DERIVED AND ALLOCATED IN ACCORDANCE WITH
CHAPTER 422B OF THE 1999 CODE OF IOWA, AS
AMENDED.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA:
Section 1 . Tax Imposed
That a tax at the rate of one percent (1%) shall be imposed
in accordance with Chapter 422B of the 1999 Code of Iowa, as
amended, on the local sales and services in the City of Waterloo,
Iowa, to be effective on January 1, 2001 and ending December 31,
2005 .
Section 2 . Distribution
The revenue generated by the imposition of the local sales
and service tax shall be allocated by the City of Waterloo, Iowa,
as follows :
One hundred percent (100%) of the revenue generated in the
City of Waterloo, Iowa, during each fiscal year shall be
allocated for reconstruction/repair/replacement of exiting
streets, curbs, structures, storm sewers, as they relate to
streets within the corporate limits of the City of Waterloo,
Iowa.
The funds received from the local option sales and service
tax shall be considered additional funds which are allocated only
for reconstruction/repair/replacement of existing streets, curbs,
structures, storm sewers as they relate to streets and not as
replacement funds for the present funding levels as authorized by
the City Council of Waterloo, Iowa.
Section 3 . Long Term Planning
The city' s street repair program requires a long term and
ongoing commitment . The five year imposition of the local option
sales and service tax will not solve all of the street repair
problems in Waterloo. In an effort to ensure that all streets are
properly repaired and maintained, city staff will submit to the
City Council prior to January 1, 2004, a report and recommendation
relative to the city street repair program, with financing
alternatives, in view of the December 31, 2005, sales tax sunset
date.
BOOK 339rAGE5i0
Ordinance No. 4408
Page 2
INTRODUCED: March 20, 2000
PASSED 1ST CONSIDERATION: March 20 , 2000
PASSED 2ND CONSIDERATION: March 20, 2000
PASSED 3'D CONSIDERATION: March 20, 2000
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, on the 20th day of March, 2000, and approved by
the Mayor on the 22nd day of March, 2000 .
1111111C
C4g4Lial.41
John R. R.of ,f, Mayor io
ATTEST:
Nancy ert, City Clerk
CERTIFICATE
I , Nancy Eckert, City Clerk of the City of Waterloo, Iowa, do
hereby certify that the preceding is a true and complete copy of
Ordinance No. 4408 as passed and adopted by the Council of the
City of Waterloo, Iowa, on the 20th day of March, 2000 .
Witness my hand and seal of office this 22nd day of March,
2000 .
Nancy E ert, City Clerk
SEAL'
BOOK 339 PAGE 511