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Home My WebLink Aboutbocc.min.spec.03211983 �� _,;. '• r `'c;��?� , �'�'[y,'<i'�.r�j� - � _-' ,4h_ ,M� j�. ' r � �jLi� x � "4��. ��.��4r`t� ,.W s �i+.'x' ^sv i ��t:�t � � %r h�d +1 � "��"�r�Crs" ',• '�lp° 'x+ � 'R�� Y e ."�� 7�[F t` �r ,�3u t' �_ z y�.3-t�atf�� _�-,�� '} s�� +r�'?l��Y�1-ye��;�t ��t,+`(��'`S�°'��'{e �F �i. � x a� �.u;?* �„};.��"it l� i . �� wii�w.:c'a3' Fr6533ac::_'S.ms.,...::t:su'..�M_��. N.`n ? .?, �`_� �y?H�+�.a��f��S( � i�. ,� 6: .. ti� �:.) t�', �1?. .:1'�� eir' ;�:=:1 �M1. . �;_ � . ,-:� {�;-: f 1 �T� �� Cx,�y1� . . ' . .�; PITKIN COUN'PY ��=y' a_N=' � '"�` BOARD OF CQYY�IISSIOI�RS �;i f�;. i �a�. sr;� ��<.i 1`�;� Y:;�.+i ��f"a SPECIFIL hIEETING 21 MAidC}�, 1983 ` {�a a _ '?_'!P1�SENT: GEOAGE MADSEN, HELEN KLANDERUD, MI(:fiAEL KINSLEY, ROBERT W QiILD - ' ;�'� CO[TLCIIMFF[IDERS: HEFdNAN EDEL. SUSAN MIQ-IAEL, GEOFtGE PARRY, CHIC CALLINS � --------° �,r, �Trans- The Board convened a special joint meeting with City Council to rnnsider the special r:;.;. ,,_„portation a.;.;,,Consol- election on 3 May and associated election issues. Financial Planner John Eldert ` � ;idation: � 4j;�2[�ID Read introduced on second and final reading s resolution setting a special election conceming ? . �;;;�Special .>;:Election funding of the Countywide transportation system. The resolution, which sets the special - '1ST 'i'Fsad election to coincida with the [[xuiicipal election in May, received first reading appzoval -':::I Ballot E. ;:?._�Questions at a special meeting convened on 15 March. Eldert also introduced three (3) other 3t''``I ��:�;,� resolutions: one (1) would pmvide for an increase in the County sales.tax by one i.:: ± "�;;; percent (1$), to be utilized specifically for public transportation facilities and ; ��n"� Y Y:�, f�,'a:: services within the County, and the other would submi.t to tt� electorate two (2) ballot .,:*;; : questions requesting approval of this sales tax increase and authorizing the i.ssuance of - Sales Tax Revenue Bonds to provide for transportation facilities and related equipment. I- : �F; The third resolution ;aould require joint approval by both the Board and Council, and ��: '��'� would reaffizm the intent of both entities to jointly fund and operate transportation .�.�.i - � . services and facilities within the Imaring Fbrk Valley. Eldert explained that this �.� t=r�� latter docimient was an annual requirelnent of IR7TA, and that it would serve to confitm - t'�t,;3 �.,,.�..�� ,_.. =�;? previous joint agreements on the bus maintenance facility and associated equipment. i f �,� Child then moved appmval on sewnd reading of the resolution setting the special , ,�� f election for 3 May, 1983, Kinsley secnnr3etl, and the motion passed unanimously. The � m�tion pertained to the Board only, and Council did not participate. � � ' I y';� City Manager Wayne Chapman expla:ined that the County's bond counsel has indicated i � that two (2) se , �'� parate ballot questions must be submitted to the electorate; both the ' ..:w,� 1 �; Board and Council had indicated at the previous joint meeting that a single question ! `°; was preferable, and staff made every effort to convince counsel that one (1) ballot a '3.� ? �{`'�� Catmissia�►er's Meeting 21 March, 1983 - 1 i,,: -�� ,, - `..Y'{,{�,�. , � . . �.-~b / . 1 .HF f/�. . ..p.c�3�j' ' L f�±�k.� � i�� M.�� .�1Y� � tY" y� �i1�+��C'�'rdV . " yt h* a Si � yrc � A�` �i�..l j)`�s��y�# r,�. - i�n �•"t' z 'j'�e �t . . �L t h'1�� ,�� k.rg R +k j '`'rify��' !F�1 yt.l Y+�l�r . �� '.�/ S�y�s 97`�M . .�+* r� �� '�'��?",��f'��`��TXr�{ a��1�4xi� i4]�.�i7i n �' � 4 J � ' � r, t s�S3 '� J � �� +F`• j�. � ��r H, t A �, y �.' � �..3�!�lrw+aritc.'iit±-��'t":'217.MfS!rrw?,'��.,.F�w s4. 1� s. �uti; n .�'� ` ..- .... . �!!'.<'��;,_rSF: -v.Y �.r . �...:a�i1rc.:..�^.s�._.csr�-:?1- .��lu.,. . ti�..,,.�:'?t. .n�a...t�:•.. � ? - :.� -.:! ��:.� question was appropriate as such would provide for a better infornied public vote. The I�S'-;� two (2) questions have since been drafted, and both entities should consider alternative �lr "�^:� plans in the event one (1) fai.ls. ��;;`" . ir � �r:i Sldert noted that the sales tax resolution would establish an additional one percent �j (18) tax throughout the County. The revenues derived from thi.s tax would provide fos � c�' - ,n<;% the consolidated transportation system, and a portion would be allocated to both the z g-�.J , �� City and the Town of Snowtnass. Those funds to be allocated to the City would pay the ; �rs necessary principal and interest on the City's outstanding Sales Tax Refunding Revenue �`'� Bonds, provide for its �ood tax refund program and mall maintenance. Those funds � 1.,;-_° l;r;• %� allocated for maintenance of the msll could not eacceed 6.23� of the additional County �'�.� ';;� tax. The Zbwn of Snorome�would receive an allocation equal to the additional County tax t.'�: <�j collected within its cosporate limits. Those funds retained by the County subsequent to _ • �� this distribution would be limited as follows: fourteen percent (148) of the revenues a4'j . ._; would be deposited to a special Capital I�rovement F1md, whereas the remaining eighty- ��'' six percent (86g) would provide for a Transportation Facility Operation and Maintenance a.3 _� i..; Flmd. Neither fund would be available to the County for any general puiposes. r�;�: Gi{; The amount of revenue necessary for the City's outstanding Sonds has been established ' `� ` : ,� at I2.9� of the additional County tax, which funds would be re�nitted directly to the �.'- ; ' �.=' City by the State. The State can only administer a program based on a percentage of the ',� z" �.i ; �, tax collected in lieu o£ a fixed dollar amount. The food tax refimd program would � , ��j �� rerniire an a�munt not to e.�cceed 5.4g of the additional County tax. The City was due to ��111� receive, then, a ca�ined total of appro�cimately twenty-five percent (25�) of the i f� �3 x,a additional County tax. �� Edel expressed some concern that the City may be precluded from increasing its food �.;;� tax refund as funding would be restricted to a percentage of the new tax. Eldert _ {:j �:_., explained that a specific percentage was considered advantageous, as such would ]ikely '�i r3 provide for greater revenue in future years due to inflation and other factors. These ` percentages were identified by City staff, and would be included in the intergovern- � � i.....- . '� mental agreeicent between t2� two (2) entities. s �� ...,. f� � i County Manager Curt Stewart explained thaC a similar agreement would be entered into � � with the ZbRVn of Snovmass; although the Taan has not enclmibered that portion of its tax � to be repealed, it would like the abiZity to i.ncur such debt for an anticipated � . � convention center. i Finally, Eldert noted that the special Capital Ir�rovement EUnd would rern,ire an f � annual pay[tienC of approximately three hundred thousand dollars ($300,000), representing { i the �mun amount of fLmds necessary to meet the annual debt service on the bonds; � i it was anticipated that bonds would be issued in the amount of one million, eight � � ! ;�dmttni.ssioner's P�leeting 21 b7arch, 1983.- 2 ��. .` ;:,�:;'' , � , .�..�'� � � / * �y, t ,, ' •i' ��+"" crwyl�' � �`'iris,� a �r � ,� ��iY"��Yx�� f�2�•s`�y�+�'S� ;y:4 S'q��h�,�' '��+�i�e�x ''T�r�ry,.. �ys„�1� � },� ''�!z � y'� �J�fri" i` 'Gr, rfi�� 'ry .¢�t �' �'g'�. a, ( � ,�f` � t!"� � .91r��r3tl��i� '°'�k.1;�»i. , rF.'.i.`...1.w..�i��y�.��717..•�.�'�+�• -' j..�i��`{:�. f::�.�{'"t�.:". I J :'i.;5� i:...� 7` � himdred thousand dollars ($1,SOO,OQO), to bear an interest rate not to exc�e,d fourteen �_;� y}.'� ;,._:_� percent (148), which bonds would mature in twenty (20) years. ,;�:� �k`I Edel expressed some concern that the percentage of revenue identified as necessazy _.,:-� 4:,... ��✓� for the City's existing debt service rtt3y not provide sufficient revenue. Stewart noted � . �'�"; �:� that the intergovemmental agree�nent would obligate the County to providing sufficient l4."'� 4`.'.. � revenue for this purpose regardless of the amount of revenue collected. He also noted � G'�y �w that the City would continue to receive funds subsequent to the satisfaction of its va--: �,,,,. e�cisting debt; this issue should be addressed as these funds would be specifically ; �t Y', restricted to the City's debt service. �-,� i;�; Klanderud suggested that the Capital I�rovgnent PUnd be specifically identified as t;�; n'� the "Pitkin County Transportation Capital I�rovement F1u�d" for clarification purposes. �+ ��';� It was also suggested that the resolution indicate that the County's "Transportation - 't a _ ; r� Facility Operation and Maintenance F1u�d" be used solely for the purpose of providing ��'s� operation and maintenance for public transportation "fleet and related" facilities ;-;� i!,;;:s:� within the County. Eldert e�lained that the resolution was drafted so as to provide for .�•:;� ��`� statutory cort�liance, but agreed to amend the dociatent subject to review by bond !:;'i ;-;_:� counsel. He noted that the additional tax would become effective as of 1 January, 1984, 1-{ � �� and that its repeal could only be accortQlished in the event there was no outstanding debt ',� `��`j � _. �;-'�; of either the County, City or the 7Yx,m. The tax could beoort�e effective as of 1 June i;., �`!�� of this year, although the January date was considered more appropriate so as to allow � � � :?`; �' "�1 for the repeal of the City's existi.ng seventh penny. i b'�i g ';�� Child suggested the resolution indicate that the sales tax increase must be approved � ��;; by one si�cth (1/6) of the electors registered to vote in the County at the time of t�.:� the election, to allow for co�liance with a recent Home Rule Charter amendment. - Klanden�d asked when the City would set an election on the repeal of its seventh ��"'� Cit Attorne Paul Taddune explained that, at the earliest, such an election �•� Pe�Y• Y Y �.� :f`'� could be scheduled sixty (60) days subsequent to final approval of the sales tax '�=� and ballot question resolutions. It was anticipated that ti�is election would be '�� set for sometime this swnner. !,`'•.''!;.: r�l 4'�' � !°�'� Kil�sley then moved first reading approval of the resolution providing for an increase �� in the Pitkin County sales tax from two percent (2$) to three percent (38), Child ! secronded and the motion passed unan'vrously. The rtntion pertained to the Board only and ! r'j i . �'' Council did not participate. I rt� Eldert then discussed the resolution submitting the two (2) ballot questions. Those j -<;� �;� questions have been drafted as follavs: �_ < - Shall Resolution 83- of the Board of County Cortmissioners of Pitkin County, = Colorado, passed and adopted on March 28, 1983, relating to the Pitkin County ' Sales Tax and providing for an increase in such sales tax from two percent (2�) �„ to three percent (3�), and pledging a portion of such sales tax increase to a �� k�a Caimissioner's Meeting 21 Mardi, 1983 - 3 �,�, R� ��r . ' '..v��~��.` , . � .� �� t:� � �2 }�' :r�i ` �dt'.*�.�r'�`s��'1.��I�`r;'�i'1.?'.�.n g',i'��i�,'..1 ,.. ',!}.4i `�� T,<��1��r�e��r. ..� � a?a'�e 3�^ �f r v �'�yt(a'±�Fy'�(�.'�ti�.� ��w...,�» .ta...YA�.,�.FpN a'Y+iM�YH�J}.wG%...Ma.Wr��:.f......��F,_, a."ti�e�..,� y,�::.t4_'S"e�i'�.!�..x„ni�llt�`WC�':�1� � ��, . �'. I -,. 1 ' � capital i�rovement fund to be used solely for the pu7pose of rovidin tr facilities within and for the Count of Pitkin, or for p g �pO�ation �:;� y paying debt service on bonds 4�� or other obligations of the Cotmty issued for such transportation £acilities, as is �`E?� more specifically set forth in said Resolution 83- , be approved?" Y:1 - f'�'�1 - "Shall the Board of County Camiissioners of PitY.in County, Colorado, be authorized to ' �;'; issue its Sales Tax Revenue Bonds in the principal amount of one million, eight hundred F=,4.'• t't thousand dollars ($1,800,000) for the puxpose of acc��iring buses and necessazy bus � . t maintenance and storage buildings and facilities for such buses, within and for the �� County of Pitkin, such bonds to be payable solely from certain proceeds of the County � sales tax, or from the proceeds received by the County from the i�osition of a sales F:: -:' �'a ta�c b the State of Colorado, or an a en thereof, such bonds to bear interest at E: k->i Y Y 9 �Y a net effective interest rate not exceeding fourteen percent (14�) per annian, to E4 £"�� mature serially within twenty (20) years from their date and to be callable for 3 i'°� �a redertQtion prior to maturity at such time and in such manner, with or without ? :�� premi�n, such premiun not to exceed three percent (3�) of the principal amount so � redeemed, as ma later be determined b the Board?" ? .a.;; Y Y t:-: ��;� Eldert again noted that the ballot guestions were drafted by bond counsel; the fornier G� ��':� would request appmval of the sales tax resolution just passed by the Board on first ��y -'• : readi.n whereas the latter would authorize the Board to issue bonds to '�:<� 4. provide the !'_ _ local share of the UMTA grant for the new buses and the bus barn. � � Kinsley expressed some concern with the ballot question language, and suggested that ''`3 the Board demand fran bond counsel ballot questions that are easily understandable. t��-� Y.�^_._� Eldert agreed to di.scuss such with counsel, and suggested that the Board approve the M."4 5::;� resolution as written on first reading; the specific language could be amended on second �.,� �._- y:?:� �;r;�-� reading, subsequent to a review by bond counsel. �y r� 7 Kinsley then moved fisst reading approval of the resolution submitting to the ! ` ': i electorate two (2) questions concerning f�ding of the Countywide transportation system, ; �� 1 � ;' Klanderud seconded and the motion passed unanimously. Both resolutions would be �`�'i ;� considered on second reading at the regular joint meeting on 28 March. Again, as the iII�i `�_�' motion pertained to the Board only, Council did not participate. � � � ' ;iFinally, Eldert introduced a joint resolution of intent to jointly fund and operate 3 �:: ;` :;! transportation services and facilities within the Roaring Fbrk Valley. The resolution � J would satisfy an annual UM'PA requirement in that both the County and City cn�st certify .� ,,;=ii the following: �� .? - that the equipment and facilities acquired under the project oontinue to be used � ! solely for tYie purpose for which the grant was appmved �� - that the equi�xnent and facilities do not exceed the needs of the transit operatio,is 1� fa�_^ - that none of the equipment or facilities has been sold, damaged or otherwise taken �• �:.� ��:� out of transit service : r`:.. i ' ..� - that there has not been a reduction in the local contribution made to the project i ��,,,,eee�� . The facility has not yet been built nor the eguipment purchased, and the fleet has been � �Y�!fi/ ' reduced fran seventy-five (75) to fifty (50) buses, such so that ccmpliance i.n these � �4'.:� �; areas could be dgnonstrated. Both entities must also certify that the local match has �''�`�.� �. been provided for. The resolution, while aff�**�+�*+g the c�bove� also indicates that the �•= i '��0 design and site selection phases of the maintenance facility have been ca�leted, and �,_ ca , �,:�� +"` recronfixms the joint funding and opezating agreeanents entered into by the Board and ; ,�� i �z Council in July, 1980. s �;^,,` � ; ;-R �� '��,�-��,Caa�missioner's Meeting 21 D7arch. 1983 - 4 �_r.Ml �,, . j;,•. `V :��Y�f!� � � , ' i l ,..:yqtis° . � ;Ytr`L'�!�x F . � �.� . � : . ^ , y:r�.�F' �r'� 'n',�°' Sr,.��,y r �, � j � . _ '. 1 � �,�( .w.. � �.'.� t rt�J�� i4��,�.� 0�.�. ��:�. a�;� , - '1��:��'"�a�o� � I �( ! x{�i's.`, r��t �:. �?�'� Eldert explained that the one million, eight hundred thousand dollar ($1,800,000) �_� �'' local share includes the following: approximately five hundred thousand dollars ��:. a�, �,�� ($500,000) for the sixteen (16) new buses, a similar amotmt for the bus barn facility, = (�� A.<: , - iy.r�-� approximately three hundred thousand dollars ($300,000) representing the fisst years <++ `�,�� principal and interest reserve, approximately two hundred and sixteen thousand dollars �I ' A ($216,000) for interest payttents, and eighty-one thousand dollars ($81,000) representing �� , ; �,, the oost o£ issuance. !' -. Kinsley then moved approval of the joint resolution, Parry seconded and tk� rtntion � Y� � passed unanirtnusly. Kinsley suggested that both governments identify, for the electorate, `�1 the likely outcome of the transit system in the event the election issue is defeated. ( k� f � It was suggested that staff draft such for review at the subsequent joint meeti.ng. � � i!�- ---------- � � ;., There being no further business, the meeting was adjourned. k'� . 5� ---------- r; �,!i � �� rr� . k-�Y . , �t� . 5,� ct ly Submi.tted, PkOVED= �� `"� Deputy County Clesk e , Chai**++�'+n _; . ':.i � �� :�7 � �� . � �-. r"' +.�# ��?� 6. 7 '1 N`.� � � � �• — . . I . ;:..' � � I �. f f I i 1 � C�[ti.ssioner's Meeting 21 March, 1983 - 5 . ��