HomeMy WebLinkAbout2013-098-12/03/2013-ADOPTING THE ANNUAL REVENUE ALLOCATION FORMULA TO DEFINE THE CITY OF FORT COLLINS' CONTRIBUTION TO T RESOLUTION 2013-098
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 2014
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 last 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; and
WHEREAS, the City's RAF contribution to the Authority for 2014 operations and
maintenance costs 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 2014:
REVENUE ALLOCATION FORMULA
The City will contribute to the Poudre Fire Authority a sum equal to .185 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) to
provide for maintenance and operation costs and a sum equal to 67.09 percent of
the operating mill levy of the City's property taxes to provide for capital
improvement costs of the Poudre Fire Authority.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 3rd
day of December A.D. 2013
j OF FORS
' �� •:o Mayor
ATTEST:
Now
City Clerk q p0
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