HomeMy WebLinkAboutbocc.res.007.2000 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO,
APPROVING THE 2000 BUDGET FOR THE 1/2 CENT TRANSIT SALES AND USE TAX
Resolution#
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 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 public meetings held on October 14 and November 11, 1999, and January 13,
2000, the Parties considered and approved (a) the attached requested budget for the year 2000 for
the Pitkin County one-half cent transit sales and use tax, (b) the proposed budget for the Roaring
Fork Railroad Holding Authority (RFRHA) for the year 2000, and (c) their share of the RFRHA
budget.
4. In approving the RFRHA budget the Parties also approved of an advance of up to
$419,567 for RFRHA to request entry in preliminary engineering from the Federal Transit
Administration(FTA) until such funds are fully reimbursed from an FTA grant, and they approved
of the deferral for up to three (3) years of the repayment to the Parties from other members of
RFRHA of$117,458, the other members' share of costs incurred to negotiate the acquisition of the
D&RGW railroad right-of-way (32.5%x$361,410).
5. The $400,000 RFTA operating shortfall line-item in the one-half cent transit sales
and use tax budget was approved contingent upon additional EOTC review in June 2000, with the
EOTC reserving the right to adjust the amount depending on progress with the formation of the
Rural Transportation Authority, and on the status of 2000 fare revenues and sales tax proceeds.
6. By adoption of this resolution Pitkin County Board wishes to ratify the approvals
given at the October 14 and November 11, 1999, and January 13,2000 meetings.
00
NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners of Pitkin
County, Colorado, that the attached requested one-half cent transit sales and use tax budget for the
year 2000 is hereby approved as summarized below:
Total Projected Revenues $49782,000
Total Approved Expenditures $2,2929745
APPROVED AND ADOPTED AT A SPECIAL MEETING ON THE 18TH DAY OF
JANUARY,2000.
ATTEST: BOARD OF COUNTY COMMISSIONERS
-� OF PITKIN COUNTY, COLORADO
DA
J ette Jones ;'," Shellie Roy Harper, C ai erson
eputy Clerk&✓Recorder
Date: 2-• ` E• 0 0
APPROVED AS TO FORM: MANAGER APPROVAL:
vE-P
John Ely S e Konc
County Attorney Co ty Manager
APPROVED AS TO CONTENT:
Tom Oken
Administrative Services Director
h1fcnb00a.doc
Requested Budget for 2000
EOTC Transit Project Funding
Current
Requested
Actual Actual Actual Actual Actual Projection Budget
1994 1995 1996 1997 1998 1999 2000
EOTC SOURCES:
a) Pitkin County 1/2%sales tax 2,455.143 2,526,855 2,641,380 2,826,666 3,052,234 3,055,445 3,175,000
b) Pitkin County 1/2%use tax 208,982 335,456 299,414 341,193 391,128 419.000 390,000
c) Grants 5,000 5,000 4,600,000 1,000,000
d) Investment income&misc. 22,653 62,177 118,635 131,671 160,284 182,000 217,000
e) Reimbursement of expenditures 17,377 10,981 25,000
Total EOTC Sources 2,686,778 2,929,488 3,081,806 7,910,511 3,618,646 3,656,445 4,782,000
EOTC USES:
1) 5 RFTA buses-debt service 75,554 145,710 142,884 146,232 143,000 145,828 145,153
2) Expanded RFTA bus service 700,000 735,000 772,000 826,152 892,081 893,019 927,847
3) RFTA operating shortfall 146,000 150,000 400,000
4) Airport intercept lot constr. 635,376
5) Intercept lot landscaping 124,102 38,585
6) Intercept lot shuttle service 308,000 218,000 150,747 106,138
7) Intercept lot maintenance 19,592 9,579 7,830 13,000 13,000
8) Project design,mgmt,&admin 700,537 39,987 63,480 112,679 88,674 42,477 41,124
9) Entrance-to-Aspen design/engineering 30,080 149,908 138,025
10) Aspen reimbursements 65,824 30,000 18,000
11) Snowmass transit center design 29,764 87,671 100,000 300,000
12) Use tax collection costs 51,834 15,074 34,400 27,063 60,000 80,500
13) ROW acquisition efforts 42,987 53,864 177,787 151,623
14) ROW acquisition-EOTC(56%) 1,624,000
15) ROW acquisition-grants 5,593,075
16) RFRHA budget share 172,999 396,833 597,848 385,121
17) RFRHA CIS advance 118,125 56,875 (175,000)
18) RFRHA CIS contribution 618,000
19) RFRHA enhanced public process 127,000
20) Moore Open Space appraisal 3,000
21)Regional Transit Authority Plan 75,000
22)Brush Creek Study 125,000
23)RFTA mitigation of roundabout construction up to 40,000
24)Roundabout loan 1,624,519
Total EOTC Uses 2,154,454 1,700,085 1,715,073 8,990,691 2,688,402 3,604,716 2,292,745
EOTC ANNUAL SURPLUS/(DEFICIT) 532,324 1,229,403 1,366,733 (1,080,180) 930,244 51,729 2,489,255
EOTC CUMULATIVE SURPLUS/(DEFICIT) 532,324 1,761,727 3,128,460 2,048,280 2,978,524 3,030,253 5,519,508
Notes: see below-
Actual/projected increase in sales tax revenue 2.9% 4.5% 7.0% 8.0% 0.1% 3.9%
Projected inflation rate 2.5% 3.3% 2.3% 1.7% 1.7% 2.0%
Projected investment earnings rate 5.5% 5.0% 4.6% 5.0%
.projected sales tax increase for 1999 if one-time revenue from sale of Ritz Carlton Hotel in 1998 is excluded from base 2.0%
expenditure detail: 1997 1998 1999 2000
8) is composed of the following: 14,099 16,556 17,477 16,124 financial admin.and insurance
9,668 21,487 25,000 25,000 meeting support and facilitation
21,962 50,631 transportation linkages workshop(1/2 reimbursed by Aspen Skiing Co.)
30,000 match for Regional Transportation Partnerships grant
36,950 rail demonstration project
112,679 88,674 42,477 41,124
1113100 HLFCNTOO.XLS