Attachment D - Proposed Ordinance 8762

Regular Meeting, August 6, 2026 · item 5A: 1. Second reading and consideration of a motion to adopt Ordinance 8758 submitting to the electors of the city of Boulder at the Regular Mun… · 3 pages

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ORDINANCE 8762

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AN ORDINANCE SUBMITTING TO THE ELECTORS OF THE CITY OF BOULDER AT THE REGULAR MUNICIPAL COORDINATED ELECTION TO BE HELD ON TUESDAY NOVEMBER 3, 2026, THE QUESTION OF AUTHORIZING AN AMENDMENT OF THE BOULDER HOME RULE CHARTER TO MODIFY THE CALCULATION OF THE CITY’S DEBT LIMITATION, AS SET FORTH IN THE BALLOT; SPECIFYING THE FORM OF THE BALLOT AND OTHER ELECTION PROCEDURES; AND SETTING FORTH RELATED DETAILS

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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO:

11 Section 1. A regular municipal coordinated election will be held in the city of Boulder,

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County of Boulder, and State of Colorado, on Tuesday November 3, 2026.

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Section 2. At that election, a question shall be submitted to the electors of the city of Boulder entitled by law to vote that will allow voters to consider authorizing an amendment of Section 97 of the Boulder Home Rule Charter to modify the calculation of the city’s debt limitation from three percent (3%) of the assessed valuation of the taxable property within the city to three percent (3%) of the actual value of the taxable property within the city. The material

in the charter to be removed is shown stricken through with solid line and the material to be

added to the charter is shown as underlined:

Sec. 97. – Limitation of city indebtedness.

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The city shall not become indebted for any purpose or in any manner to any amount which, including existing indebtedness, shall exceed three percent of the assessed valuation actual value of the taxable property within the city, as shown by the last preceding assessment for city purposesannually determined by the Boulder county assessor based on a biennially recalculated “level of value” set on January 1 of each odd-numbered year; provided, however, that in determining the limitation of the city's power to incur indebtedness there shall be included only those bonds or other indebtedness payable solely from the proceeds of ad valorem taxes. Bonds or other securities payable in whole or in part from revenue to be derived from water, sewer, electric light and power, gas, or other public utilities, projects, enterprises, works, or ways from which the city will derive the revenue, or from sales, use, or other excise taxes, or from franchise fees or taxes, or from any other fees and charges shall not be included in determining the outstanding indebtedness of the city. Such revenue bonds or other securities may be additionally secured by a pledge of the full faith and credit of the city without being required to be included in such computation of indebtedness.

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Section 3. The official ballot shall contain the following ballot title, which shall also be the designation and submission clause for the issue:

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Ballot Question No. ______ SHALL SECTION 97 OF THE BOULDER HOME RULE CHARTER BE AMENDED PURSUANT TO ORDINANCE 8762 TO MODIFY THE CITY’S DEBT LIMITATION TO BE NOT MORE THAN THREE PERCENT OF THE ACTUAL VALUE OF THE TAXABLE PROPERTY WITHIN THE CITY? YES/FOR ____

NO/AGAINST ____

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Section 4. This Ordinance is necessary to protect the public health, safety, and welfare of the residents of the city, and covers matters of local concern. Section 5. The City Council deems it appropriate that this Ordinance be published by title only and orders that copies of this Ordinance be made available in the office of the city clerk for public inspection and acquisition.

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INTRODUCED, READ ON FIRST READING, AND ORDERED PUBLISHED BY

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TITLE ONLY this 23rd day of July 2026.

3 ___________________________________ Aaron Brockett, Mayor

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Attest: __________________________________ City Clerk

READ ON SECOND READING, PASSED AND ADOPTED this 6th day of August 2026.

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___________________________________ Aaron Brockett, Mayor

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Attest: __________________________________ City Clerk

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