HomeMy WebLinkAboutbocc.res.004.2005RESOLUTION 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 2005 AS REQUIRED BY RESOLUTION 78-121
RESOLUTION # ~' -2005
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, 2005 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 77.0463%
Town of Basalt, Colorado 2.9069%
Town of Snowmass Village, Colorado 20.0468%
BE IT FURTHER RESOLVED, that the above new percentage distribution shall apply only to those sales tax
revenues actually collected during 2005.
BE IT FURTHER RESOLVED, that the Colorado Department of Revenue, Sales Tax Division, be notified of
the action herein taken.
APPROVED AND ADOPTED ON THE 12TH DAY OF JANUARY, 2005.
APPROVED AS T..~O,_F..QJ~._rvl,:
JOHN E.~L,Y
COUNt; ATTORNEY
BOARD OF COUNTY COMMISSIONERS
P IT~I~I COUNTY/COLORADO
CHAIRPERSON
MANAGER APPROVAL
HILAR~ETCHER SMITH
APPROVED AS TO CONTENT:
FINANCL:~I]IRECTOR