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HomeMy WebLinkAboutbocc.res.004.2016 RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN COUNTY, COLORADO,ESTABLISHING THE FORMULA FOR THE DISTRI- BUTION OF THE MUNICIPAL SHARE OF COUNTY SALES TAX REVENUE FOR THE YEAR 2016 AS REQUIRED BY RESOLUTION 78-121 RESOLUTION# �7 -2016 RECITALS 1. The Board of County Commissioners,by its Resolution No. 78-121 did submit to the electorate an initiative establishing a method of distribution of the proceeds from County-wide sales tax among municipalities with Pitkin County,and 2. The method,as approved by the electorate on November 7, 1978 reserves 43%of the revenues for the County, and allocates the remaining 57%to the municipalities according to the amount of County sales tax collected within their jurisdictions, and 3. The Board has calculated the share of the various municipalities in accordance with the methodology required by Resolution 78-121 and wishes to make its findings of record as per attached Addendum A. NOW,THEREFORE,BE IT RESOLVED by the Board of County Commissioners of Pitkin County, Colorado,that, effective January 1,2016 the 57%municipal share of County sales tax proceeds allocated to municipalities within Pitkin County shall be distributed in the following percentages: City of Aspen, Colorado 76.2102% Town of Snowmass Village,Colorado 19.7007% Town of Basalt, Colorado 4.0891% BE IT FURTHER RESOLVED,that the above new percentage distribution shall apply only to thosesales tax revenues collected attributable to 2016. BE IT FURTHER RESOLVED,that the Colorado Department of Revenue, Sales Tax Division, be notified of the action herein taken. IN RODUCED, FIRST READ AND SET FOR PUBLIC HEARING ON THE 13 DAY OF 2016. NOTICE OF PUBLIC HEARING AND TITLE AND SHORT SUMMARY OF TJIE '. ' ILUTION PUBLISHED IN THE ASPEN TIMES WEEKLY ON THE 3( DAY OF L, 2016. NOTICE OF PUBLIC HEARING AND THE FULL TEXT OF THE RESOLUTIONSTED ON T OFFICIAL PITKIN COUNTY WEBSITE (www.aspenpitkin.com) ON THE 5(./v' DAY OF tUtk04,- 2016. I ADAPTED AFTER FINAL READING AND PUBLIC HEARING ON THE �/DAY OF A-ev �` 016. PUBLISHED BY TITLE AND SHORT SU I • RY,AFTER ADOPTION, IN THE ASPEN TIMES WEEKLY ON THE // - DAY OF aiI_A, _ 2016. POSTED BY TITLE AND SHORT SUMMARY ON THE OFF I L PITKIN COUNTY w �� WEBSITE (w w.aspenpitkin.com) ON THE ""' DAY OF .-64It 2016. AST: BOARD OF COUNTY COMMISSIONERS i , ll it ' 1011 -4 Jea I tte Jones / - Rachel E. ichards, Chair . De ty County Cler. Date: Oa' 0 vZ, c co- APPROVED AS TO FORM: MANAGER APPROVAL: Jo - , Co a •ttorney Jon Peacock, County Manager