HomeMy WebLinkAboutbocc.res.061.2001 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO,
APPROVING THE 2001 BUDGET FOR THE 1/2 CENT TRANSIT SALES AND USE TAX
Resolution�-2001
RECITALS
1. The Aspen City Council, the Pitkin County Board of County Commissioners and
the Town Council of Snowmass Village (the "Parties") have previously identified general elements
of their Comprehensive Valley Transportation Plan (the 'Plan") which are eligible for funding from
the Pitkin County one-half cent transit sales and use tax.
2. By intergovernmental agreement dated September 14, 1993,the Parties agreed:
a. to conduct regular public meetings to continue to refine and agree upon
proposed projects and transportation elements consistent with or complimentary to the Plan;
and
b. that all expenditures and projects to be funded from the County-wide one-
half cent transit sales and use tax shall be agreed upon by the Parties and evidenced by a
resolution adopted by the governing body of each party.
3. At a public meeting held on March 13, 2001, the Parties considered and approved
the attached requested budget for the year 2001 for the Pitkin County one-half cent transit sales and
use tax.
4. By adoption of this resolution Pitkin County Board wishes to ratify the approvals
given at the March 13, 2001 meeting.
NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of Pitkin
County, Colorado, that the attached requested one-half cent transit sales and use tax budget for the
year 2001 is hereby approved as summarized below:
Total Projected Revenues $4,673,947
Total Approved Expenditures $1,751,321
APPROVED AND ADOPTED ON THE 28TH DAY OF MARCH, 2001.
ATTEST: BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO
By: Ag& '64 -�6 (4, )
J ette Jones Michael C. Ireland, hairperson
eputy Clerk Recorder
Date: q-4/
APPROVED AS TO FORM: MANAGER APPROVAL:
John Ely Hilary S th
CountyAttorney County anager
APPROVED AS TO CONTENT:
- 4�4- az, v
Tom Oken
Administrative Services Director
h1faOlpitcol.doc
Budget for 2001
EOTC Transit Project Funding
Actual Budget Budget
1994-1999 2000 2001
EOTC SOURCES: -
a) Pitkin County 1/2%sales tax 16,525,061 3,175,000 3,309,947
b) Pitkin County 1/2%use tax 2,086,671 390,000 500,000
c) Grants 5,810,000 500,000
d) Investment income&misc. 665,153 217,000 364,000
e) Reimbursement of expenditures 53,358
Total EOTC Sources 25,140,243 3,782,000 4,673,947
EOTC USES:
11 RTA contribution - 1,590,099
2) Use tax collection costs 200,996 80,500 103,620
3) Intercept lot maintenance 38,381 13,000 3,000
4) Project design,mgmt,&admin 1,035,821 41,124 29,602
5) Safety improvements at bus stops - 25,000
6) Snowmass transit center design 217,818 300,000
7) 5 RFTA buses-debt service 799,208 145,153
8) Expanded RFTA bus service 4,808,706 927,847
9) RFTA operating shortfall 296,000 400,000
10) RFRHA budget share 1,167,680 385,121
11) Brush Creek Study 75,333 49,667
12) Airport intercept lot constr. 635,376
13) Airport intercept lot landscaping 162,687
14) Airport intercept lot shuttle service 782,885
15) Entrance-to-Aspen design/engineering 301,524
16) Aspen reimbursements 113,824
17) ROW acquisition efforts 400,240
18) ROW acquisition-EOTC(56%) 1,624,000
19) ROW acquisition-grants 5,593,075
20) RFRHA CIS advance -
21) RFRHA CIS contribution 573,504
22) RFRHA enhanced public process 127,000
23) RFRHA CIS grant exp 1,198,305
24) Regional Transit Authority Plan 75,000
_25) Roundabout loan 1,496,827
Total EOTC Uses 21,724,190 2,342,412 1,751,321
EOTC ANNUAL SURPLUS/(DEFICIT) 1,439,588 2,922,626
EOTC CUMULATIVE SURPLUS/(DEFICIT) 3,416,053 4,855,641 7,778,267
Notes:
Actual/projected increase in sales tax revenue 5.0% 4.3%
Projected inflation rate 2.0% 3.0%
Projected investment earnings rate 5.5% 5.75%
4)Project admin.includes the following: 2000 2001
financial admin.and insurance 16,124 14,602
meeting support and facilitation 25,000 15,000
41,124 29,602
2000 budget notes:
11)$49,667 for Brush Creek Study is a carryover of unspent 1999 budget
2001 budget notes:
c) reduced GOCO grant for ROW acquisition;possibly to be paid$150,000 in 2001,$350,000 in 2003
loans outstanding beyond 2000: amount repayment
ROW pre-acquisition costs 91,437 2001?
Roundabout 1,496,827 state FY 2002,so 7/2001?
1,588,264
03/22/2001 hlfcnt0l.xls