Suzy Ageton George Karakehian KC Becker Tim ... - City of Boulder

city council to defray operations and maintenance costs associated with the
softball fields, soccer fields, and other parks and recreation capital improvements,
to the extent reasonably required therefor. Any monies thereafter remaining in the
fund shall be paid into the permanent park and recreation fund.
(3) Eight percent shall be paid into an environmental fund, to be expended only for
environmental projects, including, without limitation, a recycling center, a
hazardous waste drop-off center, and a pollution prevention program.
(4) Eight percent shall be paid into a youth opportunity fund, to be expended only for
culture and arts programs, recreation, sports, and other youth activities for young
persons who are otherwise underserved in such programs, and to enhance the
availability and attractiveness of such programs to young persons. Youth as used
in this paragraph means persons under the age of twenty-one, or through
graduation from high school, whichever comes first.
(5) Four percent shall be paid into an arts and cultural fund, to be expended only for
the arts, culture, and maintenance of city buildings used for the arts and culture,
including, without limitation, stabilization of arts and cultural services delivery
entities and development of arts and cultural programs, which may include,
without limitation, community outreach, arts in education, and access to arts and
culture by underserved populations. All such expenditures shall be consistent with
an arts and culture master plan and other relevant plans to be adopted by the city
council.
(6) The remaining twenty percent shall be available for appropriation for basic
municipal services, including, without limitation, parks and recreation facilities
refurbishment and municipal facilities refurbishment, but if the city council finds
that basic municipal services can be funded adequately without use of all or part
of this portion of the tax, then the portion of the tax not allocated to basic
municipal services shall be earmarked for and distributed to the five funds listed
above. After the issuance of bonds supported by the revenues described in this
paragraph, the revenues shall be expended by the city council for the payment of
the principal of, and premium, if any, and interest and reserves, if any, on such
bonds, together with all necessary incidental appurtenant facilities, structures,
furnishings, and equipment. Any such revenues on the day following any
principal payment date on the bonds may be used for any basic municipal services
purpose.
(7) For the year 1999 and thereafter, the city council may, after considering the
recommendations of a citizen review committee appointed for that purpose, adjust
the earmarking set forth in this subsection, except to the extent required for the
repayment of bonds.
ATTACHMENT A: Ordinance No. 7822
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