HomeMy WebLinkAboutresolution.council.003-10RESOLUTION NO.
SERIES OF 2010
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING THE INITIAL 2010 BUDGET AND A REVISED 2009 BUDGET FOR THE
PffICII\I COUNTY 1/2 CENT TRANSIT SALES AND USE TAX
WHEREAS, 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; and
WHEREAS, 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; and
WHEREAS, at the EOTC meeting held on October 15, 2009, the Parties considered and
approved the attached initial 2010 budget for the Pitkin County one-half cent transit sales and use
tax; and
WHEREAS, at EOTC meetings held on April 6, August 6, and October 15, 2009, the
Parties considered and approved the attached revised 2009 budget for the Pitkin County one-half
cent transit sales and use tax which extends funding through the end of the year for no-fare Aspen-
Snowmass bus service; and
WHEREAS, at the EOTC meeting held on August 6, 2009, the Parties decided to designate
at least two-thirds of each year's net bondable revenue to fund the Entrance-to-Aspen capital project
with the remainder available to fund operations and discretionary projects; and
WHEREAS, the City of Aspen wishes to ratify the approvals given at the EOTC meetings
by adoption of this resolution.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Aspen,
Colorado, that the attached initia12010 budget and revised 2009 budget for the one-half cent transit
sales and use tax are hereby approved as summarized below:
Tota12009 Revenues $4,149,000
Tota12009 Expenditures $4,335,374
Tota12010 Revenues $4,139,800
Total 2010 Expenditures $3,246,602
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AND BE IT FURTHER RESOLVED that at least two-thirds of each year's net bondable
revenue be designated to fund the Entrance-to-Aspen capital project. "Net bondable revenue" is
defined as the sum of the annual proceeds from the %% transit sales and use tax minus the 81.04%
of the ''/z% sales tax that is contributed to RFTA. This annual dedication to the Entrance-to-Aspen
shall begin in 2010. The remaining annual revenue shall be available to fund operations and
discretionary projects. Any undesignated surplus fund balance at the end of 2009 and future years
shall also be designated to fund the Entrance-to-Aspen.
RESOLVED, APPROVED, AND ADOPTED this 11th day of January, 2010, by the City
Council for the City of Aspen, Colorado.
Michael .Ireland, Ma r
I, Kathryn S. Koch, duly appointed and acting City Clerk, do certify that the foregoing is a
true and accurate copy of that resolution adopted by the City Council of the City of Aspen,
Colorado, at a meeting held January 11, 2010. ~,~
Kathryn S. h, City Clerk
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