HomeMy WebLinkAboutbocc.res.317.1996 `�... ...r..������ .. ..� . . . ... ' . � .� . y
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A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITHIN
COUNTY,COLORADO,APPROVING THE LJPPER VALLEY SHARE OF THE VALLEY ,
RAIL RIGHT-OF-WAX ACQUISITION COST FROM THE 1/2 CENT TRANSIT SALES �:.
AND USE TAXES AND APPROVING 1997 BUDGETS FOR THE PITKIN COUNTY 1/2
CENT TRANSIT SALES AND USB TAXES • ''- •
Resolution N 96-�1_1 .
' g�rrrat�
1. 'The Aspen City Council,the Pitkin County Board of County Commissioners and � '
the Town Councif of Snowmass Village (the "Parties") have previously identified general '
elements of their Comprehensive Valley Transportation Plan(the "Plan")which are e[igible for
funding from the Pitkin County one-half cent transit sales a�use t�.
2. By intergovemmental agreement dated September 14, 1993,ihe Parties agreed:
a. to conduct regular public meedngs to continue to refine and agree upon
proposed projects and transportation elements consistent with or complimentary to
• the Pian;and
b. that aIl expenditures and projects to be funded from the Counry-wide one-
half cent transic sales and use ta�c shall be agreed upon by the Parties and
� evidenced by a resolution adopted by the goveming body of each party.
- 3. In November of 1993 Pitkin County voters authorized the issua�e of up to
$13,650,000 of revenue bo�s Por the purpose of improving the puhlic atass transponation
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 heid on December 5, 1996, the Parties considered and ..
approved several projects to be funded in 1997 from the Pitkin County one-half cent transit sales
and use taxes.
5. Pursuant to voter approval the use ta�c had to be used first for the acquisition of
the rail right-of-way and then for other uansit projects.
6. The Parties desire to approve the attached 1996 expenditures and 1997 budgets on
condition that upon the successful acqu'rsition of the rail right-of-way that the one-half cent use
tax revenues will be made available for odier transit projects on an equal footing with projects
fvnded by the one-half cent sales tax revenues. •
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7. The previously-approved upper-valley shaze of earnest money($280,000)is to be
considered as lncluded within the total requested from the sales and use tax budgets for the_
upper-valley share of the rail right-of-way purchase($1,624,000). ��
8 By adoption of this resolution Pitkin County wishes to ratify the approvals.given '• '
at the December Sth meeting.
NOW THEREFORE BE Tf RESOLVED by the Board of Counry Commissioners of
Pitkin County, Colorado, that the attached 1996 one-haIf cent transit sales and use tax
expenditures and 1997 one-half cent transit sales and use tax revenue and expenditure budgets are
hereby approved. Furthermore,effective in 1997 and thereafter the one-half cent transit use tax
revenues shall be combined with the one-half eent transit sales tax revenues and both sources of �
revenue shall be available for transit projects as agreed upon by the Parties. '
1/2%Transit Sales Tax t
1996
'r Expenditure:
D&RGW ROW Acquisition $1,451,000
• 1/2%Transit Use Ta�c
1996
Expenditure:
D&RGW ROW Acquisition $ 573,000
Total EOTC Share of D&RGW ROW Acquisition $1,624,000
1/2%Transit Sales Tax .
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- Total Projected Revenues $2,948,000
Expenditures:
RFTA debt service for 5 buses $ I46,234
Expanded RFTA bus service 818,320
Airport intercept lot:
shuule service by RFTA 234,453
maintenance 21,000
Project design,mgmt.,and administration 106,00U
Snowmass transit center desiga 100,00Q
Total Approved Expenditures $1,426,0a7 �:
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1/2%Transit Use Tax -
1997 <
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Totat Prajected Revenaes $ 281,000 �.��; _
Expenditures:
Collection Costs $ 35,000
ROW Mgmt.and Planning 16,800 ,
Total Approved Expenditures $ 52,800 .
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APPROVED AND ADOPTED ON THE�TH DAY OF��996.
�
EST: BOARD OF COUNTY COMMISSIONERS
• OF PITHIN COUNTY,COLORADO
By: cu,.,.�� n
' Je ette Jones /James True,Chauman .
De uty Clerk&Recorder /
� Date:�7'9 L
APPROVED AS TO FORM: MANAGER APPROVAL:
.._ � .�Y � - ..
- John E zanne Kon t►an
County Attorney unry Ma er
APPROVED AS TO CONTENT: � '
� G��
Tom Oken
Administrative Secvices Director �
mr�,�no.� I -
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1997 Budgel Proposai �, �,
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Pitkin County 112%Transit Safes Tax
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Actual Actuai Budget Proposed I`,.'',�✓
1994 1995 1996 1997 " -
SOURCES:
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a) County sales tax 2,455,144 �2,526,855 2,666,000 2,826,000 ,;:>
b) Investment income 18,010 38,4T0 77,000 122,000 kr
Tota!Sources 2,473,154 2,565,325 2,743,000 2,948,000 l''�`�
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USES: r._,
1) 5 RFTA buses-debt service 75,554 145,710 146,000 146,234 t.;.;: .
2j Expanded RFTA bus service 700,000 735,000 772,000 818,320 (' �
3) RF7A opereting shoRfall 146,000 150,000
4) Airport intercept lot coastr. 635,376'
5) lntercept lot landscaping 124,102 35,898
6) Intercept tot shuttle service 308,000 218,000 234,453
' 7) I�tercept lot maintenance 20,000 21,000 ;
8) Project design,mgmt,&admin 700,537 38,036 73,560 106,000 �
9).Aspen reimbursements 65,824 30,000 ��
10) Snowmass transit center design � 29,764 12D,000 10D,000 ��
11) D&RGW ROW acquisition 1,05i,000
Tota!Uses 2,111,467 1,592,436 2,fi16,458 1,426,007 �
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ANNUAL SURPLUSI(DEFICI7) 361,687 972,889 126,542 1,521,993 �
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- CUMULATtVE SURPLUS/(DEFICI� 369,68� 1,334,576 1,461,118 2,983,117 =*�`
. Notes:
Actuai/projected increase in sales tax revenue 2.9% 5.5% 6.0%
Detail for 1997 proposal: '
2)RFTA requests an increase in its funding equal lo the actual increase in 1!2°k sales fax collections
8)Si06,000 is composed ot the following: 16,000 financial admin,and insurance �
25,000 meeting support and facilitation
� 15,000 financial wnsultant ,
- 50,000 entrance to Aspen design
106,000 �
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17115/96 HALFCENT.XLS 't'� '
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1897 Uee Tax Proposal � �'k
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P(tkin Coun�r 'fl2%i ransit Use Tax �`'9. �
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Actual . Actual Estimate ProposEd
1994 7985 1996 1997 _ :�:+,,,
SOURCES: . .�.
a) County use tex 2D8,982 335,458 275,000 275,OG0
� b) Investment(ncome d,843 26,757 12,000 B4OGO `
c)Grents 6,000 10,000 F=i. ,
Total Sources 213,825 362,213 287,000 281,000 ; •.:
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� US�S: . � f:.'
1) Collection costs Si,834 35,Q00 35,000 '`�` �
2) ROW acquisitfon efforts 42,987 53,aea �oe,�79 '
3) ROW acqutsit(on 573,000
4)ROW management&planning 16,80Q
'Cotal Uses 42,987 105,898 714,078 51,800 '
ANNUAL.SURPLUS/(DEFICI'� 170.838 ZS6,515 (427,079) 228,200
CUMULA7(VE SURPLUSf(DEFICtI� 170,838 427,153 74 229,274
Noies:
� Detail for 7997 proposal:
4j 58°k upvaUey share of 530,000: $25,0001l2-Ume position plus$5,000 materials&traintng
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