HomeMy WebLinkAboutresolution.council.011-98 RESOLUTION NO. ] i SERIES OF 1998
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING THE 1998 BUDGET FOR THE PITKIN COUNTY 1/2 CENT TRANSIT
SALES AND USE TAXES
WHEREAS, the Aspen City Council, the Pit!tin 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 December 4, 1997,
the Parties considered and approved several projects to be funded in 1998 from the Pitkin County
one-half cent transit sales and use taxes; and
WHEREAS, pursuant to voter approval the use tax had to be used first for the acquisition
of the rail right-of-way and then for other transit projects; and
WHEREAS, the Parties desire to approve the attached 1998 budget with the
understanding that upon the successful acquisition of the rail right-of-way in 1997, the one-half
cent use tax revenues becan~e available for other transit projects on an equal footing with projects
funded by the one-lmlf cent sales tax revenues; and
WHEREAS, the City of Aspen wishes to ratify the approvals given at the December 4th
meeting by adoption of this resolution.
NOW THEREFORE BE IT RESOLVED by the City Council of the city of Aspen,
Colorado, that the attached 1998 one-half cent transit sales and use tax revenue and expenditure
budgets are hereby approved.
1/2% Transit Sales and Use Tax
1998
Total Projected Revenues $3,489,000
Total Approved Expenditures $2,156,146
RESOLVED, APPROVED, AND ADOPTED this 9th day of February, 1998, by the
City Cotmcil for the City of Aspen, Colorado.
Mayor
I, Kathryn S. Koch, duty 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 February 9, 1998.
~City Cler/~~