HomeMy WebLinkAboutresolution.council.104-00 RESOLUTION NO. [/~)¢
SERIES OF 2000
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN. COLORADO.
APPROVING 2000 SUPPLEMENTAL BUDGET EXPENSE ITEMS FROM THE PITK1N
COUNTY 1/2 CENT TRANSIT SALES AND USE TAX FUND
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 mfme 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 agree.d 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 Snowmass Village Council Chambers on July 6.
2000, the Parties considered and approved supplemental funding in the amount of $50,000 for
the completion of the Rural Transportation Authority (RTA) Intergovernmental Agreement (IGA)
from the Pitkin County a,5 cent transit sales and use tax fund: and
WHEREAS, at a public meeting held in Snowmass Village Council Chambers on August
10, .2000, the Pa~ies considered and approved supplemental funding in the form of a loan to the
Roaring Fork Transit Agency (RFTA) in the amount of $550,000 for the purchase and minor
refurbishment of a five (5) unit apartment complex at 1048 Main Street in Carbondale ($525,000
for the purchase of the apartment complex and $25,000 for minor refurbishment); with the
condition that the loan be repaid by June 30, 2001 from the proceeds of a new bond issue from
new or existing bonding authority.
WHEREAS, at the July 6, 2000 meeting the Parties agreed to have each jurisdiction pay
its proportional share of the cost of placing the RTA ballot question on the Pitkin County
November 2000 ballot; 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 2000 supplemental budget item
with the understanding that upon the successful acquisition of the rail right-of-way in 1997, the
one-half cent use tax revenues became available for Other transit projects on an equal footing
with projects funded by the one-half cent sales tax revenues; and
WHEREAS, the City of Aspen wishes to ratify the approvals given at the July 6, 2000
and August 10, 2000 meetings by adoption of this resolution.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Aspen,
Colorado, that the following 2000 one-half cent transit sales and use tax expenditure budget
items are hereby approved.
1/2% Transit Sales and Use Tax
Supplemental Expenditure 2000
RTA IGA Completion $ 50,000
RFTA Housing Loan $550,000
Total Supplemental Budget Request $600,000
RESOLVED, APPROVED, AND ADOPTED this 14th day of August, 2000, by the
City Council for the City of Aspen, Colorado.
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 August 14, 2000.
~.-. ~:' Kathryn S. Ko (~ity Clerk