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HomeMy WebLinkAboutresolution.council.043-98 RESOLUTION NO. k~ ~ SERIES OF 1998 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO. APPROVING SUPPLEMENTAL BUDGETS FOR THE 1/2 CENT TRANSIT SALES AND USE TAX FOR 1998 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 ro cont'mue to ret-me and agree upon proposed projects and transportation elements consistent with or complimentary ro 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 parry; and WHEREAS, at a public meeting held on May 12, 1998. the Parties considered and approved the 1998 expenditure of $618,000 in Corridor Investment Study (CIS) funding; and WHEREAS. the City of wishes to ratify the budget approvals given at the previous public meeting of the Parties by adoption of this resolution. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Aspen, Colorado. that the following supplemental 1998 one-half cent transit sales and use tax expenditure budgets are hereby approved. ~o--~ 1. Expenditures: Additional CIS Funding $618,000 Total Supplemental Expenditures $618,000 2. As a part of this approval, the City of Aspen anticipates that the other member governments of the Roaring Fork Railroad Holding Authority will consider contributing to the additional CIS Funding, in the manner set out the Interg6vernmental Agreement that governs RFRHA, as a pan of their respective 1998 supplemental budget process. 3. As a pan of this approval, the City of Aspen recognizes an a additional $248,000 will be required to complete the CIS in 1999, and that RFRHA will be proposing funding for this work as a pan of their 1999 budget process. 4. A specific condition of this approval is that RFRHA shall use its best efforts to ensure that the City of Aspen, Pitkin County, and the Town of Snowmass Village are fully informed and apprised of all data, information, and developments in the CIS process. RESOLVED, APPROVED, AND ADOPTED this ~ day of May, 1998, by the City Council for the City of Aspen, Colorado. John . B~e~ett, Mayor I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing is a tree and accurate copy of t~t~re,~solution adopted by the City Council of the City of Aspen, Colorado, at a meeting held ~ ~(~, 1998. Kathryn S. !~hj City Clerk