HomeMy WebLinkAbout2007-096-10/16/2007-ADOPTING A REVENUE ALLOCATION FORMULA TO DEFINE THE CITYS CONTRIBUTION TO THE POUDRE FIRE AUTHORITY RESOLUTION 2007-096
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING A REVENUE ALLOCATION FORMULA TO DEFINE THE
CITY OF FORT COLLINS' CONTRIBUTION TO THE POUDRE FIRE
AUTHORITY BUDGET FOR THE YEAR 2008 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 creating
the Poudre Fire Authority(the "Authority"); 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, as a part of the Intergovernmental Agreement the City's contribution for
maintenance and operation costs is based on a "revenue allocation formula" 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, after state voters approved Article X, Section 20 of the Colorado
Constitution, the Council determined that the City's contribution to the Authority, as determined
by the revenue allocation formula, should be proportionately reduced if City revenues exceed the
estimated annual percentage increase in revenues that the City would be permitted to retain
under Article X, Section 20 of the Colorado Constitution; and
WHEREAS, the City's contribution to the Authority for 2008 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 revenue allocation formula is hereby adopted to determine
the City's contribution to the Poudre Fire Authority for the year 2008:
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. However, said contribution shall be proportionately reduced if City
revenues exceed the estimated annual percentage increase in revenues that the
City would be permitted to retain under Article X, Section 20 of the Colorado
Constitution.
Passed and adopted at a regular meeting of the C it of the City of Fort Collins this
16th day of October, A.D. 2007.
i
Mayor
ATTEST:
City Clerk