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TC Ord. No. 1985-20ORDINANCE NO. 85 - 20 AN ORDINANCE AMENDING SECTION 3.32.020 OF-THE MUNICIPAL CODE OF THE TOWN OF AVON AS IT RELATES' TO THE TAX LEVIED ON TRANSFERS OF TIME-SHARE UNITS. BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO as follows: Section 1. Amendment. Section 3.32.020 of.Chapter 3.32 of Title 3 of the Municipal Code of Avon is amended as follows: 3.32.0.2-0 Imposition of Tax on Transfers - Amount. There is imposed a-tax on all tranfers of any week or weeks of time-share units located in the Town due and payable'by the transferee at the time of the transfer: The amount of thetax shall be one-half of one percent of the consideration for the transfer. Section 2. Effective Date. This ordinance shall become effective January 1, 1986. INTRODUCED,, PASSED ON FIRST READING, APPROVED AND ORDERED POSTED, THIS 26th day of November, 1985 and a public hearing on this ordinance shall be held'at the regular meeting of the Town Council of the Town of-Avon, Colorado, on the 10th'day of December, 1985,at 7:30 P.M. in the Municipal Building of'the Town of Avon,_Colorado. r=te Allan-R. ottingham Mayor ATTE atricia J. Moyle n Clerk -INTRODUCED, PASSED ON SECOND READING, APPROVED_AND ORDERED POSTED this 10th day of December, 1985. e~- n Allan R. No ingham, yor ATTEST atricia J. ®byle nwn Clerk 0 STATE OF COLORADO ) COUNTY OF EAGLE ) SS TOWN OF AVON ) NOTICE IS HEREBY GIVEN OF A PUBLIC HEARING BEFORE THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, AT 7:30 P.M. ON THE 10TH DAY OF DECEMBER, 1985, AT THE MUNICIPAL BUILDING, 400 BENCHMARK ROAD, AVON, COLORADO FOR THE PURPOSE OF CONSIDERING THE ADOPTION OF ORDINANCE NO. 85-20: AN ORDINANCE AMENDING SECTION 3.32.020 OF THE MUNICIPAL CODE OF THE TOWN OF AVON AS IT RELATES TO THE TAX LEVIED ON TRANSFERS OF TIME-SHARE UNIITS. A copy of said Ordinance is attached hereto and is also on file at the office of the Town Clerk and may be inspected during business hours. Following this hearing, the Council may consider final passage of the Ordinance. This notice given and passed by order of the Town Council of the Town of Avon, Colorado. Dated this 27th TOWN OF AVON, COLORADO BY: cia J. P fyld, Tow*,'Cle POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON NOVEMBER 27, 1985: THE MAIN ENTRANCE OF THE POST OFFICE THE MAIN ENTRANCE TO CITY MARKET THE PESTER GAS STATION; AND THE MUNICIPAL BUILDING IN THE MAIN LOBBY day of November, 1985