3. To adopt an extension of the Section 4B sales and use
tax within the City of San Angelo at the rate of one-half
of one percent which was adopted by the qualified
voters by election held on January 16, 1999, and
extended through June 30, 2025 by an election in
September 11, 2004; to repeal the expiration date of the
Section 4B sales and use tax extended to June 30,
2025; and, to undertake the following projects allowed in
Section 4B of Article 5190.6, V.A.C.S., as amended,
(hereinafter “Act”) on the condition that:
4. 1) The use of sales and use tax proceeds for infrastructure
relating to the development of water supply, water
purchase, water rights purchase, and/or capital
improvements for one or more of the following options:
water reuse and/or the use of fresh or brackish water; and
the development and institution of water conservation
programs, including, but not limited to, education programs
and incentives for the installation of water saving plumbing
fixtures, to be from a minimum of 21% increasing to 72% of
gross sales and use tax proceeds as voter approved
project obligations are met and subject to future voter
approval of additional projects; and
5. 2) The use of sales and use tax proceeds for the continued
economic development projects authorized under Section 4B of
the Act, including, but not limited to, the development,
promotion, creation, retention or expansion of business
enterprises that create or retain primary jobs, including suitable
infrastructure, up to 28% of gross sales and use tax revenues;
and
3) The use of sales and use tax proceeds for the continued
development and expansion of affordable housing for a period
of thirty (30) years at its current allocation; and
4) The use of sales and use tax proceeds for infrastructure relating
to the Concho River improvements anticipated to be in the sum
of $4 million; and
6. 5) The use of sales and use tax proceeds for projects
authorized under the Act including, restoration of the
Auditorium Downtown Plaza anticipated to be in the
sum of $3.75 million, youth sports facility consolidation
anticipated to be in the sum of $1.75 million, Fort
Concho/Museum District anticipated to be in the sum
of $1 million, Fair Grounds Third (3rd) Phase
Construction anticipated to be in the sum of $1
million, and Airport Modification leveraging funds
anticipated to be in the sum of $500,000; and
7. 6) The uses of sales and use tax proceeds for
infrastructure and capital improvement projects, other
than development of water infrastructure or economic
development, requiring funding in addition to funding
anticipated at the time of approval shall be resubmitted
to the qualified voters for approval before the
expenditure of additional funds from sales and use tax
proceeds.