HomeMy WebLinkAboutbocc.res.015.1999A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN
COUNTY, COLORADO, APPROVING THE 1999 BUDGET FOR THE PITKIN COUNTY
1/2 CENT TRANSIT SALES AND USE TAXES
Resolution # 99-6
RECITAL $
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. In November of 1993 Pitkin County voters authorized the issuance of up to
$13,650,000 of revenue bonds for the purpose of improving the public mass transportation
system in the Roaring Fork Valley (the "Revenue Bond Authorization") if such improvements
are authorized by agreement between the Parties.
4. At a public meeting held on December 9, 1998, the Parties considered and
approved several projects to be funded in 1999 from the Pitkin County one-half cent transit sales
and use taxes.
5. Pursuant to voter approval the use tax had to be used first for the acquisition of
the rail right-of-way and then for other transit projects.
6. The Parties desire to approve the attached 1999 budget with the understanding
that upon the successful acquisition of the rail right-of-way in 1997, the one-half cent use tax
revenues became available for other transit projects on an equal footing with projects funded by
the one-half cent sales tax revenues.
7. By adoption of this resolution Pitkin County wishes to ratify the approvals given
at the December 9th meeting.
NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of
Pitkin County, Colorado, that the attached 1999 one-half cent transit sales and use tax revenue
and expenditure budget is hereby approved.
1/2% Transit Sales and Use Tax
1999
Total Projected Revenues $4,637,000
Total Approved Expenditures $1,817,396
APPROVED AND ADOPTED ON THE 27TH DAY OF JANUARY, 1999.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO
Date:
APPROVED AS TO FORM: MANAGER APPROVAL:
John Ely
County Attorney
APPROVED AS TO CONTENT:
/art St
Tom Oken
Administrative Services Director
/ ttety
Suzanne Konchan 0
County Manager
1999 Proposed Budget
EOTC SOURCES:
a) Pitkin County 1/2% sales tax
b) Pitkin County 1/2 % use tax
c) Grants
d) Investment income & misc.
e) Reimbursement of expenditures
Total EOTC Sources
EOTC Transit Project Funding
Actual
1994
Actual
1995
Actual
1996
Actual
1997
Current
Budget
1998
Proposed
Budget
1999
2,455,143
2,526,855
208,982 335,456
5,000
22,653 62,177
2,641,380
299,414
5,000
118,635
17,377
2,686,778 2,929,488 3,081,806
2,826,666 3,021,000 3,148,000
341,193 298,000 303,000
4,600,000 1,000,000
131,671 145,000 186,000
10,981 25,000
7,910,511 3,489,000 4,637,000
EOTC USES:
1) 5 RFTA buses - debt service
2) Expanded RFTA bus service
3) RFTA operating shortfall
4) Airport intercept lot constr.
5) Intercept lot landscaping
6) Intercept lot shuttle service
7) Intercept lot maintenance
8) Project design, mgmt, & admin
9) Entrance -to -Aspen design/engineering
10) Aspen reimbursements
11) Snowmass transit center design
12) Use tax collection costs
13) ROW acquisition efforts
14) ROW acquisition - EOTC (56%)
15) ROW acquisition - grants
16) RFRHA budget share
17) RFRHA CIS advance
18) RFRHA additional CIS advance
19) RFRHA enhanced public process
20) Moore Open Space replacement
21) Regional Transit Authority Plan
22) Brush Creek Study
Total EOTC Uses
75,554 145,710 142,884
700,000 735,000 772,000
146,000 150,000
635,376
124,102 38,585
308,000 218,000
19,592
700,537 39,987 63,480
65,824 30,000
29,764 87,671
51,834 15,074
42,987 53,864 177,787
2,154,454 1,700,085 1,715,073
146,232 143,000 145,828
826,152 883,021 920,108
150,747
9,579
112,679
30,080
18,000
34,400
151,623
1,624,000
5,593,075
172,999
118,125
3,000
8,990,691
121,862
21,578
103,253
150,000
13,000
54,016
100,000
35,984 36,596
406,486
56,875
618,000
127,000
67,500
75,000
12,000
2,821,559
597,848
(175,000)
125,000
1,817,396
EOTC ANNUAL SURPLUS/(DEFICIT)
532,324 1,229,403 1,366,733 (1,080,180) 667,441 2,819,604
EOTC CUMULATIVE SURPLUS/(DEFICIT)
532,324 1,761,727 3,128,460 2,048,280 2,715,721 5,535,325
Notes:
Actual/projected increase in sales tax revenue
Projected inflation rate
Projected investment eamings rate
1997-98 current expenditure budget detail:
8) is composed of the following:
10) briefing book
1997
14,099
9,668
21,962
30,000
36,950
2.9% 4.5%
2.5% 3.3%
1998
28,253
25,000
50,000
1999
29,016
25,000
112,679
103,253 54,016
7.0%
2.3%
5.5%
6.9%
1.7%
5.0%
4.2%
1.7%
4.5%
financial admin. and insurance
meeting support and facilitation
transportation linkages workshop (1/2 reimbursed by Aspen Skiing Co.)
match for Regional Transportation Partnerships grant
rail demonstration project
1/20/99 HLFCNT99.XLS