TO: Mayor and City Commission
FROM: Douglas E. Smith, City Manager
DATE: April 6, 2016
Title
APPROVING (1) 2016 AMENDMENT TO INTERLOCAL AGREEMENT BETWEEN BROWARD COUNTY AND MARGATE PROVIDING FOR DIVISION AND DISTRIBUTION OF THE PROCEEDS OF THE LOCAL OPTION GAS TAX IMPOSED BY THE BROWARD COUNTY LOCAL OPTION GAS TAX ORDINANCE; (2) THE 2016 AMENDMENT TO THE INTERLOCAL AGREEMENT BETWEEN BROWARD COUNTY AND THE CITY OF MARGATE PROVIDING FOR DIVISION AND DISTRIBUTION OF THE PROCEEDS FROM THE BROWARD COUNTY ADDITIONAL LOCAL OPTION GAS TAX ON MOTOR FUEL ORDINANCE; AND (3) 2016 AMENDMENT TO INTERLOCAL AGREEMENT BETWEEN BROWARD COUNTY AND MARGATE PROVIDING FOR DIVISION AND DISTRIBUTION OF THE PROCEEDS FROM THE BROWARD COUNTY FIFTH CENT ADDITIONAL LOCAL OPTION GAS TAX ON MOTOR FUEL FOR TRANSIT; PROVIDING FOR UPDATED POPULATION FIGURES.
Body
BACKGROUND: The "original" local option gas tax agreement last levied in 1988 provides for Cities to receive 37.5% of the proceeds of six cents of gas tax. This amendment (attached Exhibit 1) adjusts each City's percentage share of the 37.5% based on updated population figures.
The "additional' local option gas tax agreement levied in 1994 now provides for Cities to receive 51.27% of three cents of gas tax. The Cities' share of this gas tax has increased over the years due to annexations, however, there were no annexations of populated areas effective September 2014 so the Cities share of the three cents of gas tax will remain the same as last year. As a result, this amendment (attached Exhibit 2) adjusts each City's percentage share of the 51.27% based on updated population figures.
The "transit gas tax" agreement levied in 2001 provides for Cities to receive 26% of the proceeds of one cent of gas tax. This amendment (attached Exhibit 3) includes adjustments to each City's percentage share based on updated population figures.
RECOMMENDATION: For approval.
FISCAL IMPACT: Small decrease in the City's percentage share.
Curr...
Click here for full text