HomeMy WebLinkAboutbocc.res.094.2016 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN COUNTY,
COLORADO,APPROVING A REVISION TO THE 2016 BUDGET FOR THE Y2-CENT
TRANSIT SALES AND USE TAX FUND
RESOLUTION NO. O4 / -2016
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 as the Elected Officials Transit Committee
("EOTC") 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 the EOTC meeting held on July 21, 2016, the Parties considered and approved the
following supplemental budget requests for 2016: (1) $414,004 for Entrance to
Aspen Transportation Options Study,and(2) $70,000 for cell phone transportation data
collection(net of$10,000 contribution from Aspen Skiing Company). Both projects will be
managed by RFTA and funded from the Savings Fund for the Greater Aspen Area.
4. By adoption of this resolution the Board of County Commissioners wishes to ratify the
approvals given at the EOTC meeting.
NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of Pitkin
County, Colorado, that the following increases to the 2016 budget for the one-half cent transit sales
and use tax are hereby approved as summarized below:
Entrance to Aspen Transportation Options Study $ 414,004
Cell phone transportation data collection 70,000
INTRODUCED,READ AND ADOPTED ON THE 10TH DAY OF AUGUST,2016.
A ST: BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORAD 0
i
J, / /, �' By: - �
Je./ette Jones Rach; E.Richards, Chair
D:iuty County Cle
Date: $-
APPROVED AS TO FORM: MANAGER APPROVAL
• Ely,Co • • • o •- ; on Peacock, oounty Manager
Actual Actual Budget Plan Plan Plan
2014 2015 2016 2017 2018 2019
)URCES:
aunty 1/2% sales tax 4,567,135 4,929,637 5,021,000 5,197,000 5,379,000 5,567,000
Aunty 1/2% use tax 1,009,393 1,462,424 1,154,000 1,189,000 1,225,000 1,262,000
ent income& misc. 50,288 56,747 79,000 124,000 242,000 346,000
Sources 5,626,816 6,448,808 6,254,000 6,510,000 6,846,000 7,175,000
;ES:
collection costs 45,415 63,538 70,432 72,545 74,721 76,963
trative cost allocation & meeting costs 19,982 21,383 21,311 21,950 22,609 23,287
ng retreat 8,306
in-lieu of bus stop safety imprvs 5,766 3,561 9,000 9,270 9,548 9,835
s transit subsidy 100,000 115,000 115,000 115,000 115,000 115,000
reek Intercept Lot operating costs 32,058 15,046 36,000 37,080 38,192 39,338
mtribution (81.04% of 1/2% sales tax) 3,701,206 3,994,977 4,069,018 4,211,649 4,359,142 4,511,497
Aspen-Snowmass-Woody Creek bus service-year-round 621,658 621,658 653,754 681,399 708,655
bus service -winter, spring, fall 476,211
bus service - summer(funded from Snowmass Village Savings) 75,689
)rojects pool (advanced equally from Aspen & Snowmass Savings)
pedestrian crossing construction - savings returned (100,000)
ed. crossing design & engineering ($250k advanced from Aspen Savings)
'ark (funded from Aspen Savings)
sign, land use & permitting 491,630 142,292 16,078
lotion 4,168,777 731,223
I Travel Patterns study 30,000
ilk lot paving 233,007 46,993
edestrian underpass 750,000
me Bridge construction -transit mitigation funding 335,000
arking study - RFP scoping 7,957
!sts, funded from Savings Fund for greater Aspen Area
e-to-Aspen Transportation Options Study 414,004
>ne transportation data collection 70,000
4,886,264 9,387,196 6,970,717 5,456,248 5,300,612 5,484,575
JAL SURPLUS/(DEFICIT) 740,552 (2,938,388) (716,717) 1,053,752 1,545,388 1,690,425
JLATIVE SURPLUS FUND BALANCE 10,163,706 7,225,318 6,508,601 7,562,353 9,107,741 10,798,166
?ctions:
K 9.1% 7.9% 1.9% 3.5% 3.5% 3.5%
24.2% 44.9% -21.1% 3.0% 3.0% 3.0%
=nt earnings rate 0.5% 0.6% 1.3% 1.9% 3.2% 3.8%
)N OF ANNUAL SURPLUS (excludes projects funded from savings funds) 1,372,681 514,588 1,053,752 1,545,388 1,690,425
d tor greater Snowmass Village Area 2014 2015 2016 2017 2018 2019
imer no-fare service (75,689) - - - - -
of advance to capital pool 50,000 - - - - -
nbursement of advance to capital pool - 343,170 128,647 263,438 289,728 -
id for greater Snowmass Village Area ($6,278,787 max) 5,253,804 5,596,974 5,725,621 5,989,059 6,278,787 6,278,787
Actual Actual Budget Plan Plan Plan
)f amount allocated to Savings Fund for greater Aspen Area 2014 2015 2016 2017 2018 2019
/2% sales tax 4,567,135
/2% use tax 1,009,393
funding (3,912,734)
>to be allocated 1,663,794
i/3's allocation to Aspen Savings through 2014 1,109,196
surplus remaining after reimbursement of advances - 275,686 790,314 1,255,660 1,690,425
nbursement for$250,000 pedestrian crossing funding 98,675 114,783 - - -
of advance to capital pool 50,000 - - - - -
nbursement of advance to capital pool - 914,728 110,255 - - -
)ey Park funded from Aspen Savings (491,630) (4,311,069) (747,301)
A and cell phone study requests frunded from Aspen Savings (484,004)
id for greater Aspen Area 4,909,902 1,628,344 782,980 1,573,294 2,828,954 4,519,379
Actual Actual Budget Plan Plan Plan
)m Aspen and Snowmass Village Savings Funds 2014 2015 2016 2017 2018 2019
ig balance to reimburse Snowmass Savings for advance to capital pool 1,024,983 681,813 553,166 289,728 - -
ig balance to reimburse Aspen Savings for advance to capital pool 1,024,983 110,255 - - - -
ig balance to reimburse Aspen Savings for 2011-12 $250,000 advance 114,783 - - - - -
Actual
)f amount allocated to discretionary funding (N/A after 2014) 2014
\L SURPLUS (after funding operations) 740,552
2/3's allocation to Aspen Savings through 2014 (1,109,196)
e for capital projects pool (100,000)
Park planning funded from Aspen Savings 491,630
r no-fare bus service funded from Sowmass Village Savings 75,689
Inual discretionary funding 98,675
•sement to Aspen Savings for$250,000 ped crossing funding (98,675)
.sement of advance to capital pool -
liscretionary funding after reimbursements -
rpmaininn dicrratinnary fundinn after rnimhurcramantc -