HomeMy WebLinkAbout2009-101-11/03/2009-ADOPTING A REVENUE ALLOCATION FORMULA TO DEFINE THE CITY OF FORT COLLINS CONTRIBUTION TO THE POUDRE RESOLUTION 2009-101
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 2010
FOR OPERATIONS AND MAINTENANCE
WHEREAS,on December 22, 1981,the City entered into an Intergovernmental Agreement
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, the City's contribution to the Authority for 2010 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 2010:
REVENUE ALLOCATION FORMULA
The City will contribute to the Poudre Fire Authority a sum equal to .216 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 o4Cncil the City of Fort C lins this 3rd
day November, A.D. 2009.
,
ATTEST:
City Clerk