ARTICLE 10. REVENUE, FINANCE AND COMMUNITY DEVELOPMENT
(a) There is hereby levied a city retailers’ sales tax in the amount of one percent (1%) to take effect on the 1st day of November, 1982.
(b) Except as may otherwise be provided by law, such tax shall be identical in its application and exemptions therefrom to the Kansas Retailers’ Sales Tax Act and all laws and administrative rules and regulations of the Kansas Department of Revenue relating to the state retailers’ sales tax shall apply to such city retailers’ sales tax insofar as such laws and regulations may be made applicable. The services of the Department of Revenue shall be utilized to administer, enforce and collect such tax.
(Ord. 1104; Ord. 1114; Code 2015)
(a) The City Council has adopted the Neighborhood Revitalization Plan incorporated by reference as if fully set forth herein. Said plan provides a 90% rebate for 3 years for commercial and industrial property only.
(b) Designation of Neighborhood Revitalization Area. That the City Council hereby designates the real property described in Part I of the Neighborhood Revitalization Plan as the Neighborhood Revitalization Area, finds that the following conditions exist within said Area: 1) a predominance of buildings which, by reason of dilapidation or obsolescence, are detrimental to public health, safety and welfare; 2) a substantial number of deteriorating structures which impair the sound growth of the city, retards the provision of housing and constitutes an economic liability; and 3) a predominance of buildings which, by reason of age, history or architecture, are significant and should be restored to productive use, and finds that the rehabilitation, conservation and redevelopment of said area is necessary to protect the health, safety and welfare of the residents of the city.
(c) Neighborhood Revitalization Fund. That the County does hereby create a Neighborhood Revitalization Fund to finance the redevelopment of the revitalization area and to provide a rebate of property tax increments as set forth in the revitalization plan.
(Ord. 1187; Code 2015)
(a) In accordance with the provisions of K.S.A. 12-1, 117, there is hereby established a municipal equipment reserve fund, which shall be used by the City of Wakefield to finance the acquisition of equipment necessary for the performance of various functions and services of the City. Moneys may be budgeted and transferred into the equipment reserve fund from any source which may be lawfully utilized for such purposes, including, but not limited to the charges on the various departments and agencies of the City of Wakefield to finance new and replacement equipment. For the purpose of this section, the word “equipment” shall mean machinery, vehicles and other equipment or personal property, including, but not limited to computer hardware and software, which the City is authorized to purchase for municipal purposes.
(b) Policy objective. It is the policy objective of the Governing Body that such equipment reserve fund shall be used as a financing mechanism to secure the planned and orderly acquisition and replacement of equipment necessary for the efficient and effective operation of the City. It is the further intent of the Governing Body to annually approve in the future the budgeting of current revenues sufficient to: (1) to finance the acquisition of new equipment needed in the following year; and (2 to finance needed future replacement and acquisitions by setting aside a reserve amount.
(c) If the Governing Body of the City of Wakefield, by adoption of an appropriate resolution, determines that all or any part of the money credited to the equipment reserve fund is not needed for the purposes for which so budgeted or transferred, the Governing Body may transfer, by adoption of such resolution, such amount from the equipment reserve fund not needed to the fund from which such money originated, and such transfer and the expenditure of such money shall thereafter be subject to the budget requirement provisions of K.S.A. 79-2925 through 79-2937 inclusive and amendments thereto.
(d) Moneys in the equipment reserve fund shall be invested in accordance with the provisions of K.S.A. 10-131 and amendments thereto, with interest earnings credited to such fund.