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RESOLUTION NO. 2020-17 A RESOLUTION OBLIGATING ONE-PERCENT GENERAL PURPOSE TAX FOR ESSENTIAL SERVICES AND CAPTIAL EXPENDITURES ONLY WHEREAS, the Governing Body of the City of Cody recognizes the City’s responsibility to provide and maintain critical infrastructure systems which are necessary for daily operations in the Cody community; and WHEREAS, the Governing Body of the City of Cody recognizes current municipal revenue streams limit the City’s financial ability to repair and maintain substantial infrastructure needs, prolonging essential infrastructure maintenance and repairs; and WHEREAS, local government revenue generated from Sales and Use Tax, will be insufficient to meet the increasing demands of continuing essential services for the next four years and are anticipated to decrease in the foreseeable future; and WHEREAS, the costs of providing essential services and capital expenditure requirements are expected to increase for the next four years; and WHEREAS, the revenue from the one-percent general purpose sales and use tax would fund valuable services and capital expenditures benefits all citizen of Cody, and WHEREAS, the Governing Body of the City of Cody recognizes these funds should be spent exclusively on capital infrastructure expenditures and associated maintenance expenditures listed on Exhibit A. NOW, THEREFORE BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF CODY, that the City of Cody commits and obligates to the funding of only those items listed on Exhibit A using One-Percent General Purpose Sales and Use Tax Revenue. PASSED, APPROVED AND ADOPTED on this 1st day of September, 2020 MATT HALL, MAYOR ATTEST: BAKER, ADMINISTRATIVE SERVICES OFFICER ---PAGE BREAK--- CERTIFICATE I, hereby certify that the foregoing Resolution was adopted by the City Council of the City of Cody at a regular meeting held on and that the meeting was held according to law; and that the said Resolution has been duly entered into the minute book of the City of Cody. BAKER, ADMINISTRATIVE SERVICES OFFICER RESOLUTION NO. 2020-17 EXHIBIT A Proposed essential services and capital expenditures to be funded by the General Purpose Optional 1% Sales and Use Tax 1. School Resource Officers. 2. Public Safety and Maintenance – Vehicles & Equipment. 3. Annual funding for Cody Senior Center; Park County Animal Shelter; 4th of July parades and events. 4. Building maintenance and facility upgrades. 5. Expand and improve public parking areas. 6. Replace and update outdated IT equipment. 7. Replace and repair sub-standard equipment and facilities in current parks. 8. 50/50 sidewalk program, cost share with property owners for new sidewalks along city streets. 9. Asphalt overlaying major streets instead of chip sealing. 10. Acquire a permanent easement for the existing storm water ponds west of Cooper lane. 11. Extend Cougar Avenue to the east of Freedom Street. 12. Continue repairs to streets and rights-of-ways in the form of pothole repairs, paint striping, signage, patching and chip sealing. The Optional 1% Sale and Use Tax will allow the City of Cody the opportunity to continue providing basic services, as well as, make improvements to our community, thus improving the quality of life for citizens of all ages.