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INTRODUCED BY: Ms. Brot DATE: OS/22/06 BILL NO. 8878 ORDINANCE NO. 6634 AN ORDINANCE IMPOSING AN ADDITIONAL ONE-FOURTH OF ONE PERCENT SALES TAX ON ALL RETAIL SALES MADE IN THE CITY OF UNIVERSITY CITY WHICH ARE SUBJECT TO TAXATION UNDER CHAPTER 144 RSMO, FOR ECONOMIC DEVELOPMENT PURPOSES, AND PROVIDING FOR THE SUBMISSION OF A PROPOSITION AUTHORIZING SUCH TAX TO THE QUALIFIED VOTERS OF THE CITY OF UNIVERSITY CITY AT THE PRIMARY ELECTION ON AUGUST 8, 2006; CONTAINING AN EMERGENCY CLAUSE. WHEREAS, Section 67.1305 RSMo permits the City of University City to impose a sales tax of up to one-half of one percent for economic development purposes, subject to voter approval; and WHEREAS, the City of University City desires to impose a sales tax at the rate of one- fourth of one percent for said purpose. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1. A sales tax at the rate of one-fourth of one percent is hereby imposed on all retail sales made in the City of University City, Missouri, which are subject to taxation under Chapter 144 RSMo, for economic development purposes. This tax shall be in addition to any and all other sales taxes allowed by law. Section 2. An election is hereby called and ordered to be held in the City of University City, Missouri on Tuesday, August 8, 2006, for the purpose of submitting to the qualified voters of said City the following proposition: PROPOSITION U Shall the City of University City, Missouri impose a sales tax at the rate of one-fourth of one percent for economic development purposes? Yes No If you are in favor the proposition, place an "X" in the box opposite "Yes." If you are opposed to the proposition, place an "X" in the box opposite "No." :""L