TC Res. No. 1990-48a .0
RESOLUTION NO. 90-48
Series of 1990
A RESOLUTION OPPOSING PROPOSED AMENDMENT #1
OF THE COLORADO CONSTITUTION
WHEREAS, the proposed Amendment #1 to the Colorado
Constitution will be submitted to the voters at.the General
Election on November 6, 1990;
and
WHEREAS, Amendment #1 will impose severe limitations on
the ability of the Town of Avon to raise existing or new revenues
related to any tax, license, permit or fee to provide needed
services;
and '
WHEREAS, Amendment #1 will impose severe limitations on
the ability of the Town of Avon to issue all types of debt
related to General Obligation Bonds, short term borrowing, lease
purchasing, or debt refinancing;
and
WHEREAS, Amendment #1 will cause many service level
reductions in the Town which heretofore have been desired and/or
mandated by the citizens of the Town,
and
WHEREAS, the Town Charter and the Town Ordinances adopted
by the citizens of the Town of Avon contain reasonable and
practical provisions for the self-government of Avon by its
citizens and elected Town Officials;
and
WHEREAS, Amendment #1 creates a state-wide approach to
taxation and fails to recognize special local needs or the
desires of the citizens of the Town of Avon;
and
WHEREAS, Amendment #1 undermines local control, threatens
continuation of current services, and impairs the ability of the
Town to respond quickly and effectively to find solutions to
problems affecting the Town;
and
WHEREAS, Amendment #1 requires the Town to set aside
emergency reserves from fiscal year spending of one percent (1$)
in 1991, two percent (2%) in 1992 and three percent "(3-%) in 1993
and each year thereafter;
and
. WHEREAS, emergency reserves can be spent only for
declared emergencies which exclude economic conditions and
revenue shortfalls;
and
WHEREAS, Amendment #1 will have an adverse affect on
Town's bonds rating thus increasing the cost of borrowing funds
for further growth;
and
i
WHEREAS, Amendment #1 will decrease the Town's revenue
generated from property taxes over a ten year period;
and
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF AVON, COLORADO:
The Town Council hereby sets forth its strong opposition of
proposed Amendment #1 of the Colorado Constitution and urges all
registered voters to reject Amendment #1 at the General. Election
on November 6, 1990.
INTRODUCED, READ, APPROVED AND ADOPTED THIS Z3./.:~PDAY OF
OCTOBER, 1990.
Gloria McRory, May o-Tem
ATTEST
CTatricii-a Doyle, own Cl