HomeMy WebLinkAbout1996-127-10/15/1996-1997 BUDGET OPERATIONS AND MAINTENANCE POUDRE FIRE AUTHORITY REVENUE ALLOCATION FORMULA RESOLUTION 96-127
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING A REVENUE ALLOCATION FORMULA TO
DEFINE THE CITY OF FORT COLLINY CONTRIBUTION
TO THE POUDRE FIRE AUTHORITY BUDGET FOR THE YEAR 1997
FOR OPERATIONS AND MAINTENANCE
WHEREAS, the City of Fort Collins (the "City") entered into an Intergovernmental
Agreement dated December 22, 1981, with the Poudre Valley Fire Protection District(the"District"),
creating the Poudre Fire Authority (the "Authority") as au entity; and
WHEREAS, the Authority provides fire protection services to all properties within the city
limits, and the City has a continuing commitment to provide funding to the Authority to accomplish
the provision of these public safety services; and
WHEREAS, as a part of the Intergovernmental Agreement, the City has agreed to contribute
funding for maintenance and operation costs to the Authority based on a "Revenue Allocation
Formula" which is to be set annually based upon a percentage of sales and use tax revenues
(excluding sales and use tax revenue which must be spent on specific projects) and a portion of the
operating mill levy of the City's property taxes available for operations; and
WHEREAS, with the passage of Amendment No. I (on November 2, 1992), the Council has
determined that the City's contribution to the Poudre Fire Authority, as determined by the Revenue
Allocation Formula, should be proportionately reduced, if necessary, to reflect the estimated annual
percentage increase in revenues that the City will be permitted to retain under Article X, Section 20
of the Colorado Constitution; and
WHEREAS, the City's contribution to the PFA for 1997 operating and maintenance cost has
been so calculated and adjusted.
NOW, THEREFORE, BE IT RESOLVED BY TI lE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
That the following revenue allocation formula be, and hereby is, adopted to determine the
City's contribution to the Poudre Fire Authority for the year 1997:
REVENUE ALLOCATION FORMULA
The City will contribute to the Poudre Fire Authority a sum equal to .303 of one cent of the City's
2.25 cent sales and use tax rate applicable to sales and use tax revenues (excluding sales tax revenue
which must be spent on specific projects) and a sum equal to 67.09 percent of the operating mill levy
of the City's property taxes to provide for maintenance and operation costs of the Poudre Fire
Authority; provided, however, that such contribution shall be proportionately reduced, if necessary,
to reflect the estimated annual percentage increase in revenues that the City will be permitted to
retain under Article X, Section 20 of the Colorado Constitution.
Passed and adopted at a regular meeting of the City Council held this 15th day of October,
A.D. 1996. %—
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