HomeMy WebLinkAboutresolution.council.087-05RESOLUTION NO. ~'~
SERIES OF 2006
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING THE 2006 EOTC BUDGET FOR 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 Cotmcil 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 on October 20, 2005, the Parties considered and
approved the attached initial budget for the year 2006 for the Pitkin County one-half cent transit
sales and use tax; and
WHEREAS, the City of Aspen wishes to ratify the approval given at the January 15th
meeting by adoption of this resolution.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Aspen,
Colorado, that the attached initial one-half cent transit sales and use tax budget for the year 2006 is
hereby approved as summarized below:
Total Revenues
Total Expenditures
$4,692,384
$3,357,336
RESOLVED, APPROVED,~, by the City
Council for the City of Aspen, Colorado.
'~Heleff Kalin/Kl~nderud, 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 November 14, 2005.
](athryn S. KdcfffCityjL~rk
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Memo
To: EOTC
From: Tom Oken
Date: October 13, 2005
Re: 2006 Budget Requests
The following numbers refer to the line item numbers on the attached 2006 Budget spreadsheet. Only
significant changes fi.om 2005 are explained below.
a) Sales tax Sales tax estimates are based on a projected 7% increase for 2005, 5% for 2006,
and 3.5% thereafter.
c) Investment income - Significant increase is due to higher interest rates and a larger invested
balance.
3) Bus stop safety improvements cab ride in-lieu - no change, but a memo explaining the
Cotmtry Inn taxi program is attached
4) X-games transit subsidy Discussed and approved at your prior meeting.
8) Brash Creek parking expansion-annual operating costs - The City of Aspen Parking
Department will be maintaining the lot.
9) Snowmass Village transit improvements - See attached memo fi.om David Peckler.
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