HomeMy WebLinkAboutresolution.council.046-95
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RESOLUTION NO. 'f f.-
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, at a public meeting held in the Aspen City Council Chambers on July 13,
1995, the Parties considered, amended, and approved a request for funding from the Pij:kin
County one-half cent transit sales and use tax fund to RFTA for a one,time operating subsidy
of $ 146,000; and
WHEREAS, the City of Aspen wishes to ratify the approvals given at the July 13th
meeting 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:
0.5 Transit Sales Tax:
RFT A operating revenue shortfall and TDP contribution of
The elected officials decided to fund 60 %
of RFTA's $ 242,836 total request. That 60 %
figure is $ 145,701. It has been rounded up
to $ 146,000.
$ 146,000
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0.5 Transit Use Tax:
Contract to finish Denver & Rio Grande Western
right,of,way acquistion
30,000
TOTAL
$ 176,000
RESOLVED, APPROVED, AND ADOPTED this 24th day of July, 1995, by the City
Council for the City of Aspen, Colorado.
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John S. Bennett, Mayor
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 July 24, 1995.
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7/13/95
1/2% COUNTY TRANSIT SALES TAX: COMMITTED FUNDING ESTIMATE
(in thousands)
SOURCES
a} 1/2% County sales tax
b) investment income
c) surplus from prior year
TOTAL SOURCES
COMMITTED PROJECTS
1) 5 RFTA buses - debt service
2) Expanded RFTA bus service
3) Airport intercept lot construct
4) Project design, mgmt, & admin
5) Snowmass transit center design
6) Aspen reimbursements
7) Intercept lot landscaping
8) Intercept lot shuttle service
(9) Intercept lot maintenance
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~ TOTAL COST OF COMMITTED PROJECTS
REQUESTED PROJECTS
lOl RFTA
11) RFTA
TDP
1995 operating shortfall
TOTAL COST OF REQUESTED PROJECTS
CUMULATIVE SURPLUS/(DEFICIT)
Notes:
1994 figures are actual, unaudited results
1994
$2,135
19
$2,154
2,111
a) projected increase in sales tax revenue:
1995
$2,505
$2,548
$76
700
635
700
$146
735
43
20
150
65
160
308
30
16
225
241
693
1996
$2,693
$3,386
$146
772
2,461
7.5%
1997
$2,895
693
2,461
1998
$3,098
4,397
$7,495
$146
851
7
960
1,004
1999
$3,314
6,491
---- -
2000
$3,546
8,755
$9,805 $12,301
$145
893
7
1,045
o
8,760
7.0%
7.0%
4) $10,000 of 1995 commitment is to complete Leslie Klusmire's contract through January
$ 3,000 in 1995 is for public meeting support costs
$ 7,000 in 1995 arid beyond is an estimate of insurance and financial administration costs
1,614
43
2.0%
$5,356
$143
810
7
925
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4,396
7.5%
o
6,491
_'" 6) $25,000 TDA study + $15,000 Buttermilk lot planning + $25,000 City attorney
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$144
938
7
7
1,089
o
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11,212
7.0%