HomeMy WebLinkAbout2010-068-11/16/2010-ADOPTING THE ANNUAL REVENUE ALLOCATION FORMULA TO DEFINE THE CITY'S CONTRIBUTION TO THE POUDRE FIRE RESOLUTION 2010-068
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING THE ANNUAL REVENUE ALLOCATION FORMULA TO DEFINE THE
CITY OF FORT COLLINS' CONTRIBUTION TO THE POUDRE FIRE
AUTHORITY BUDGET FOR THE YEAR 2011
FOR OPERATIONS AND MAINTENANCE
WHEREAS,on December 22, 1981,the City entered into an Intergovernmental Agreement
(the"IGA")with the Poudre Valley Fire Protection District creating the Poudre Fire Authority(the
"Authority"), which IGA was amended in 1987; 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 for its public
safety services; and
WHEREAS, the IGA provides that the City's contribution for maintenance and operation
costs is based on a "revenue allocation formula" ("RAF") which is 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, the City's RAF contribution to the Authority for 2011 operating and
maintenance cost has been so calculated and adjusted.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the following formula is hereby adopted to set the City's RAF contribution to the
Poudre Fire Authority for the year 2011:
REVENUE ALLOCATION FORMULA
The City will contribute to the Poudre Fire Authority a sum equal to .184 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.
Passed and adopted at a regular meeting of the C4tthef Fort Collins this 16th
day of November A.D. 2010.
May
ATTEST..
. y
`Chief Deputy City Clerk