Ballot Question 2B

SHALL THE CITY OF GUNNISON TAXES BE INCREASED BY $2.9 MILLION ANNUALLY (WHICH AMOUNT REPRESENTS ESTIMATED REVENUES IN 2022, THE FIRST FULL FISCAL YEAR OF COLLECTION) AND BY WHATEVER AMOUNT IS GENERATED THEREAFTER FROM A SALES AND USE TAX IMPOSED AT THE RATE OF ONE PERCENT (1.0%), BEGINNING JANUARY 1, 2022, FOR THE EXCLUSIVE SUPPORT OF THE FOLLOWING:

• CONSTRUCTING AND MAINTAINING STREETS, ALLEYS AND SIDEWALKS, INCLUDING ASSOCIATED  PEDESTRIAN, BIKING, SAFETY, UTILITY AND DRAINAGE IMPROVEMENTS; AND
• FUNDING CAPITAL NEEDS AND MEETING THE OPERATIONAL COSTS OF PROVIDING FIRE PROTECTION, MEDICAL, RESCUE AND OTHER EMERGENCY SERVICES;

SHALL APPLICABLE PROVISIONS OF THE CITY CODE BE AMENDED BY ORDINANCE OF THE CITY COUNCIL CONSISTENT WITH THIS BALLOT ISSUE TO PROVIDE FOR THE TAX INCREASE AND THE DEPOSIT OF REVENUES FROM SUCH TAXES TO BE ACCOUNTED FOR IN THE APPROPRIATE FUNDS OR ACCOUNTS OF THE CITY AND USED SOLELY FOR THE ABOVE PURPOSES; AND SHALL SUCH TAX REVENUES AND ANY INTEREST THEREON BE COLLECTED AND SPENT AS A VOTER APPROVED REVENUE CHANGE AND NOTWITHSTANDING ANY REVENUE EXPENDITURE LIMIT CONTAINED WITHIN ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?

Ballot Question 2-C

AUTHORIZATION TO IMPOSE A COMMUNITY HOUSING TAX AND INCREASE THE SALES AND USE TAX AND TO INCUR DEBT TO FUND AFFORDABLE HOUSING PROGRAMS.

SHALL TOWN OF CRESTED BUTTE DEBT BE INCREASED $24,040,000 WITH A TOTAL REPAYMENT COST OF $46,353,000 AND A MAXIMUM ANNUAL REPAYMENT COST OF $1,545,000 AND  SHALL TOWN OF CRESTED BUTTE TAXES BE INCREASED $521,553 IN 2022, $1,634,053 IN 2023, AND BY SUCH AMOUNTS AS ARE RAISED ANNUALLY THEREAFTER BY THE IMPOSITION OF A NEW COMMUNITY HOUSING TAX AND A SALES AND USE TAX INCREASE,  SUBJECT TO THE FOLLOWING:

BEGINNING JANUARY 1, 2022, THE TOWN COUNCIL MAY IMPOSE BY ORDINANCE A COMMUNITY HOUSING TAX ANNUALLY ON (1) RESIDENTIAL UNITS IN TOWN THAT ARE NOT A PRIMARY RESIDENCE UNLESS THE RESIDENCE IS RENTED FOR RESIDENTIAL PURPOSES FOR AT LEAST 6 MONTHS PER YEAR IN PERIODS OF 6 CONSECUTIVE MONTHS OR MORE AND (2) UPON UNDEVELOPED PROPERTY THAT IS ZONED FOR RESIDENTIAL USE;

THE COMMUNITY HOUSING TAX MAY NOT EXCEED $2,500 PER RESIDENCE OR UNDEVELOPED PARCEL OF PROPERTY IN 2022 WHICH AMOUNT MAY BE INCREASED BY COUNCIL IN SUBSEQUENT YEARS BY NOT MORE THAN THE CUMULATIVE PERCENTAGE INCREASE IN THE UNITED STATES BUREAU OF LABOR STATISTICS CONSUMER PRICE INDEX (CPI) FOR DENVER-AURORA-LAKEWOOD;

THE TOWN WILL IMPOSE AND COLLECT THE COMMUNITY HOUSING TAX PURSUANT TO AN ORDINANCE TO BE ADOPTED BY COUNCIL, FOLLOWING NOTICE AND PUBLIC HEARING, SETTING FORTH THE TAX, PROVIDING THE METHOD OF COLLECTION AND ENFORCEMENT, DESCRIBING ANY EXEMPTIONS FROM THE TAX, AND PROVIDING OTHER DETAILS;

BEGINNNING JANUARY 1, 2022, THE TOWN COUNCIL MAY IMPOSE BY ORDINANCE AN INCREASED SALES AND USE TAX FOR AFFORDABLE HOUSING AT A RATE OF 0.5% WHICH MAY NOT BE COLLECTED ON THE SALE OF FOOD FOR HOME CONSUMPTION;

THE PROCEEDS OF THE DEBT SHALL BE USED FOR AFFORDABLE HOUSING INCLUDING ACQUIRING LAND OR OTHER INTERESTS IN REAL PROPERTY OR ACQUIRING, DESIGNING, FINANCING, CONSTRUCTING OR EQUIPPING AFFORDABLE HOUSING PROJECTS;

THE PROCEEDS OF THE TAXES SHALL BE DEPOSITED TO THE AFFORDABLE HOUSING FUND AND USED FOR AFFORDABLE HOUSING PURPOSES INCLUDING PAYING THE PRINCIPAL AND INTEREST ON SUCH DEBT;

THE RATE OF EACH TAX MAY BE INCREASED OR DECREASED WITHOUT FURTHER VOTER APPROVAL SO LONG AS THE RATE DOES NOT EXCEED THE MAXIMUM AUTHORIZED BY THE VOTERS IN THIS QUESTION;

THE DEBT MAY BE EVIDENCED BY THE ISSUANCE OF BONDS OR OTHER FINANCIAL OBLIGATIONS PAYABLE FROM ANY LEGALLY AVAILABLE TOWN REVENUES AS DETERMINED BY THE TOWN COUNCIL TO BE IN THE BEST FINANCIAL INTEREST OF THE TOWN AND MAY BE SOLD IN ONE SERIES OR MORE ON SUCH TERMS AND CONDITIONS AS THE TOWN COUNCIL MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM;

AND SHALL THE TOWN BE AUTHORIZED TO COLLECT, KEEP AND SPEND THE REVENUES FROM SUCH TAXES, THE PROCEEDS OF SUCH DEBT, AND ANY INVESTMENT INCOME THEREFROM NOTWITHSTANDING THE LIMITS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?

Yes/For

No/Against

Ballot Question 2-D

AUTHORIZATION TO INCREASE THE VACATION RENTAL TAX AND TO INCUR DEBT TO FUND AFFORDABLE HOUSING PROGRAMS.

SHALL TOWN OF CRESTED BUTTE DEBT BE INCREASED $8,985,000 WITH A TOTAL REPAYMENT COST OF $17,328,000 AND A MAXIMUM ANNUAL REPAYMENT COST OF $580,000 AND  SHALL TOWN OF CRESTED BUTTE TAXES BE INCREASED $300,000 IN 2022 AND BY SUCH AMOUNTS AS ARE RAISED ANNUALLY THEREAFTER BY INCREASING THE EXCISE TAX ON VACATION RENTALS BEGINNING JANUARY 1, 2022, FROM 5.0% TO 7.5% ON THE AMOUNT CHARGED TO ANY PERSON FOR A VACATION RENTAL SUBJECT TO THE FOLLOWING:

THE PROCEEDS OF THE DEBT SHALL BE USED FOR AFFORDABLE HOUSING INCLUDING ACQUIRING LAND OR OTHER INTERESTS IN REAL PROPERTY OR ACQUIRING, DESIGNING, FINANCING, CONSTRUCTING OR EQUIPPING AFFORDABLE HOUSING PROJECTS;

THE PROCEEDS OF THE EXCISE TAX SHALL BE DEPOSITED TO THE AFFORDABLE HOUSING FUND AND USED FOR AFFORDABLE HOUSING PURPOSES INCLUDING PAYING THE PRINCIPAL AND INTEREST ON SUCH DEBT;

THE RATE OF THE EXCISE TAX MAY BE INCREASED OR DECREASED WITHOUT FURTHER VOTER APPROVAL SO LONG AS THE RATE OF TAXATION DOES NOT EXCEED 7.5%;

THE DEBT MAY BE EVIDENCED BY THE ISSUANCE OF BONDS OR OTHER FINANCIAL OBLIGATIONS PAYABLE FROM ANY LEGALLY AVAILABLE TOWN REVENUES AS DETERMINED BY THE TOWN COUNCIL TO BE IN THE BEST FINANCIAL INTEREST OF THE TOWN AND MAY BE SOLD IN ONE SERIES OR MORE ON SUCH TERMS AND CONDITIONS AS THE TOWN COUNCIL MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE DEBT PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF A PREMIUM;

AND SHALL THE TOWN BE AUTHORIZED TO COLLECT, KEEP AND SPEND THE REVENUES FROM SUCH TAX, THE PROCEEDS OF SUCH DEBT, AND ANY INVESTMENT INCOME THEREFROM NOTWITHSTANDING THE LIMITS OF ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION?

Yes/For

No/Against