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HomeMy WebLinkAboutresolution.council.045-99 RESOLUTION NO. ~ SERIES OF 1999 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, APPROVING A 1999 SUPPLEMENTAL BUDGET EXPENSE ITEM FROM THE PITKIN COUNTY 1/2 CENT TRANSIT SALES AND USE TAX FUND 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 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, in November of 1993 Pitkin County voters authorized the issuance of up to $13,650,000 of revenue bonds for the purpose of improving the public mass transportation system in the Roaring Fork Valley (the "Revenue Bond Authorization") if such improvements are authorized by agreement between the Parties; and WHEREAS, at a public meeting held in Aspen Council Chambers on May 20, 1~99; the Parties considered and approved supplemental funding in the amount of $1,624,519 for the transit-related elements of the Maroon Creek Roundabout construction project from the Pitkin County ~A cent transit sales and use tax fund under the condition that in the event Pitkin County receives reimbursement from CDOT forthis project, the 1/2 cent funding shall be reimbursed first and in full, then Pitkin County and Aspen shall split any additional reimbursement; and WHEREAS, pursuant to voter approval the use tax had to be used fu:st for the acquisition of the rail right-of-way and then for other transit projects; and WHEREAS, the Parties desire to approve the attached 1999 supplemental budget item with the understanding that upon the successful acquisition of the rail right-of-way in 1997, the: one-half cent use tax revenues became available for other transit projects on an equal footing with projects funded by the one-half cent sales tax revenues; and WHEREAS, the City of Aspen wishes to ratify the approvals given at the May 20, 1999 meeting by adoption of this resolution. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Aspen, Colorado, that the following 1999 one-half cent transit sales and use tax expenditure budget item is hereby approved. 1/2% Transit Sales and Use Tax Supplemental Expenditure 1999 Roundabout Transit-Related Items $1,624,519 RESOLVED, APPROVED, AND ADOPTED this 14th day of June, 1999, by the City Council for the City of Aspen, Colorado. ~M~yor 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 meet'rag held June 14, 1999.