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RESOLUTION NO. 2~
SERIES OF 1995
A RESOLUTION APPROVING EXPENDITURES TO BE FUNDED FROM THE PITKIN
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 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 the Aspen City Council Chambers on Febmary
16, 1995, the Parties considered and approved several projects to be funded in 1995 from the
Pitkin County one-half cent transit sales and use tax and approved a request from the Roaring
Fork Transit Agency to use up to $1,325,000 of the Revenue Bond Authorization for the
acquisition and equipping of a downvalley maintenance facility; and
WHEREAS, the City Council of the City of Aspen approved Resolution No. 16, series
of 1995 at its public meeting on March 13, 1995, thereby approving the expenditures agreed
upon by the Parties on February 16, 1995; and
WHEREAS, at a public meeting held in the Snowmass Chapel on April 6, 1995, the
Parties agreed to decrease the amount of funding for the Airport Park-and-Ride shuttle service;
and
WHEREAS, the Pitkin County Attorney has determined that funding approved for the
Maroon Creek Pedestrian Bridge is not allowed under State authorizing legislation; and
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WHEREAS, the City of Aspen wishes to ratify the approvals given at the February 16th
and April 6 meetings by adoption of this resolution.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Aspen,
Colorado, that the following expenditures are hereby approved from the Pitkin County one-half
cent transit sales and use tax for 1995:
$ 146,000
735,000
RFT A debt service for 5 buses
Expanded RFT A bus service
Project management and administration:
management contract closeout 10,000
meeting support and financial administration 10,000
Snowmass transit center design 150,000
Reimbursement to City of Aspen for previous project work:
TDA study
Buttermilk intercept lot planning
City attorney's time
Airport intercept lot:
landscaping
shuttle service by RFTA
maintenance
25,000
15,000
25,229
160,000
308,000
30,000
Total
$1,614,229
AND BE IT FURTHER RESOLVED that RFT A is hereby permitted to use up to
$1,325,000 of the Revenue Bond Authorization for the acquisition and equipping of a
downvalley maintenance facility.
RESOLVED, APPROVED, AND ADOPTED this 15th day of May, 1995, by the City
Council for the City of Aspen, Colorado.
John 91::ne/~
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 May 15, 1995.
d~
ch, City Clerk
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11AY 08 '95 eEi:40R11 PITKIN COUNTY ADmN
-
" 1/2~ COUNTT TRANSIT SALES TAX: COMMITTED fUNDING ESTIMATE
"'i"",
I in th""".nds)
5{5/95
1990 191'5 1\196 1\197 1998 1999 200n
SOURCES
01 1/2% CQunty sales tax S2, 1~5 82.505 $2;693 S2,B95 $3,.098 .$3,:314- $~,546
b) investment ineome 3
c) surptU-S frcm prior Y&~r 27 918 2,6Il6 4,621 6,715 a,9ll4
TOTAL SOURCES 82,138 $2,532 83,611 $5,581 $7,719 slO, 029 $12,530
CORMITTED PROJE~TS
1) 5 RFtA buses ~ debt sarvlce 816 1146 8146 $143 $146 $145 8144
2) Exp~nded ~FTA bus Garv1ce roo 735 n2 810 11:51 ll9J 938
J) Airporr 1nterQOpt lot construct 6~5
4) Projaet desig~f momt, & admin 700 20 7 7 7 7 7
5) $nCwme9S t~a~$it ~ftnter design 1'0
6) Asp~n reimbur~ementG 65
TOTAL COST OF COMMITTED PROJeCTS 2,1" 1,116 92' %0 1,004 1,045 1,089
MANASERS' RECOMMENDED PROJECTS
. 7J Intlllrcept (ot landscoping 160
S) fnteroeept lot 9Muttle gerV;Cfi 308
9) ~ntercept lot ml!'lintenance 30
TOTAL COST OF RECOMMENDED PROJECTS 498 0 0 0 0 0
CUMUlATlVE SURPlUS{(DEFICIT) 27 91S 2,6116 4,62f 6,7" 8,9134 11,441
_e~~ lIIllll~~_ m~=.. !'!\O:;::::;:IIIII :;:;......- OIfIlUlra:= 1lI11==~
p,J.(lte.s:
1994 fisures Qre actual, unaudited r&BuLt~
~) pr~J~cted in~reaze in oaLes tax revunue: 2.0% 7.5% 7.5% 7.1)% :r.O% ~.O%
4) $10~OOO of 1995 ccmmftment is to complete Le8~f~ KLusm're's contract throUgtl JitlfllJary
~ 3,000 in 1995 is f~r pubLfe ~eting &Uppar~ oosts
$ 7,000 'n 1995 lfrtd beyond is an ~a'timDtft of insurance and financf.el adm;~1$trat'Qn ~osts
6) S25,OOO TOA otudy . $15,000 ButtoNnt(~ (0' plonning + $25,000 City attorney
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