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| Hours: Mon - Fri 8am to 4:30pm |
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| Arapahoe County Lima Plaza |
| 6934 S. Lima Street, Unit A |
| Centennial, CO 80112 |
| Phone: 720-874-6540 |
| Fax: 303-794-3201 |
| E-mail: open space |
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VI. Creation of the Arapahoe County Open Space Fund. A separate fund, to be known as the "Arapahoe County Open Space Fund"
(the "Fund"), shall be created and 100% of the revenue derived from the sales and use tax imposed on the incorporated and
unincorporated areas of Arapahoe County shall be deposited thereto to be used solely for the purposes stated herein and as
further described more fully below.
A. For purposes of Colo. Const., Art. X, Section 20, the receipt and expenditure of revenues of the sales tax and use tax
shall be accounted for, budgeted and appropriated separately from other revenues and expenditures of Arapahoe County and outside
of the fiscal year spending of the County as calculated under Art. X, Section 20, and nothing in Art. X, Section 20, shall
limit the receipt and expenditure in each fiscal year of the full amount of such revenues of the sales tax and use tax, nor
shall receipt and expenditure of such revenues affect or limit the receipt or expenditure of any and all other revenues of
Arapahoe County for any fiscal year.
B. Interest from Revenues and Income Generated from Acquired Lands. Interest generated from the revenues of the sales and
use taxes imposed herein shall be used for the purposes stated herein. Income generated from the use or lease of preserved
lands, natural areas, wildlife habitats, and parks acquired with the sales and use taxes imposed herein shall be used for
the purposes stated herein.
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