TC Ord. No. 2002-06 Amending Title 3 of the muni code of the TOA relating to tac credit within the Village at AvonORDINANCE NO. 02-06
AN ORDINANCE AMENDING TITLE 3 OF THE
MUNICIPAL CODE OF THE TOWN OF AVON RELATING
TO TAX CREDITS WITHIN THE VILLAGE (AT AVON).
BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
AVON, COLORADO:
Section 1. Amendment. Section 3.08.035 of Chapter 8, Title 3 of the Municipal
Code of the Town of Avon is amended to provide as follows:
"3.08.035 Tax Credit. Notwithstanding any other provisions of this
chapter, there shall be granted to each person owing the tax on sales consummated
within The Village (at Avon) a temporary tax credit against collection of the tax
equal to the amount of any retail sales fee paid by or on behalf of such person.
The amount of the credit shall not exceed the amount of the tax. No such credit
shall be granted subsequent to termination of the collection of the retail sales fee
pursuant to the Annexation and Development Agreement for The Village (at
Avon). Neither the ability of the Town to grant the temporary tax credit nor the
termination of the credit shall constitute a tax increase, the imposition of a new
tax or a tax policy change."
Section 2. Amendment. Section 3.12.065 of Chapter 12, Title 3 of the Municipal
Code of the Town of Avon is amended to provide as follows:
"3.08.035 Tax Credit. Notwithstanding any other provisions of this
chapter, there shall be granted to each person owing the tax on transfers within
The Village (at Avon) a temporary tax credit against collection of the tax equal to
the amount of any real estate transfer fee paid by or on behalf of such person. The
amount of the credit shall not exceed the amount of the tax. No such credit shall
be granted subsequent to termination of the collection of the real estate transfer
fee pursuant to the Annexation and Development Agreement for The Village (at
Avon). Neither the ability of the Town to grant the temporary tax credit nor the
termination of the credit shall constitute a tax increase, the imposition of a new
tax or a tax policy change."
Section 3. Amendment. Section 3.28.075 of Chapter 28, Title 3 of the Municipal
Code of the Town of Avon is amended to provide as follows:
"3.08.035 Tax Credit. Notwithstanding any other provisions of this
chapter, there shall be granted to each person owing the tax on the lease or
rental of any public accommodations within The Village (at Avon) a
temporary tax credit against collection of the tax equal to the amount of
any public accommodation fee paid by or on behalf of such person. The
amount of the credit shall not exceed the amount of the tax. No such credit
shall be granted subsequent to termination of the collection of the public
accommodations fee pursuant to the Annexation and Development
Agreement for The Village (at Avon). Neither the ability of the Town to
grant the temporary tax credit nor the termination of the credit shall
constitute a tax increase, the imposition of a new tax or a tax policy
change."
Section 4. Effective Date. This ordinance shall be effective as of the first day of
January, 1999.
INTRODUCED, APPROVED, PASSED ON FIRST READING AND
ORDERED POSTED the 23rd day of April, 2002, and a public hearing on this ordinance
shall be held at the regular meeting of the Town Council on the 14th day of May, 2002, at
5:30 P.M. in the Council Chambers, Avon Municipal Building, 400 Benchmark Road,
Avon, Colorado:<-_::`=::-:.::.., ,
E~
61yor
INTRODUCED, FINALLY APPROVED, PASSED ON SECOND
READING AND ORDERED POSTED the 14th day of May, 2002.
or
ATTEST:
P.M
To ~n Cl rk
APPROVED AS TO FORM:
t
To & Attorney
s
<yj ~ ,q
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 5:30 P.M. ON THE 14TH DAY
OF MAY 2002, AT THE TOWN OF AVON MUNICIPAL BUILDING FOR THE
PURPOSE OF CONSIDERING THE ADOPTION OF ORDINANCE NO. 02-06, SERIES
OF 2002:
An Ordinance Amending Title 3 Of The Municipal Code Of The
Town Of Avon Relating To Tax Credits Within The Village (At
Avon).
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 regular business hours.
Following this hearing, the Council may consider final passage of this Ordinance.
This notice is given and posted by order of the Town Council of the Town of Avon, Colorado
Dated this 10th day of May,
TOWN OF AVON, COLORADO
BY:
AMqqt(tiy~ envy
To rk
POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON
MAY 10, 2002:
AVON MUNICIPAL BUILDING IN THE MAIN LOBBY
ALPINE BANK
AVON RECREATION CENTER
CITY MARKET IN THE MAIN LOBBY
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 5:30 P.M. ON THE 14TH DAY
OF MAY 2002, AT THE TOWN OF AVON MUNICIPAL BUILDING FOR THE
PURPOSE OF CONSIDERING THE ADOPTION OF ORDINANCE NO. 02-06, SERIES
OF 2002:
An Ordinance Amending Title 3 Of The Municipal Code Of The
Town Of Avon Relating To Tax Credits Within The Village (At
Avon).
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 regular business hours.
Following this hearing, the Council may consider final passage of this Ordinance.
This notice is given and posted by order of the Town Council of the Town of Avon, Colorado
Dated this 10th day of May, 2002.
TOWN OF AVON, COLORADO
BY: C k--~
P tty c envy
wn Jerk
POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON
MAY 10, 2002:
AVON MUNICIPAL BUILDING IN THE MAIN LOBBY
ALPINE BANK
AVON RECREATION CENTER
CITY MARKET IN THE MAIN LOBBY