TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: April 29, 2020
Title
APPROVING THE 2020 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 THREE-CENT LOCAL OPTION GAS TAX ON MOTOR FUEL ORDINANCE AND THE 2020 AMENDMENT TO INTERLOCAL AGREEMENT BETWEEN BROWARD COUNTY AND MARGATE PROVIDING FOR DIVISION AND DISTRIBUTION OF THE PROCEEDS FROM THE BROWARD COUNTY ADDITIONAL FIFTH CENT LOCAL OPTION GAS TAX ON MOTOR FUEL FOR TRANSIT; PROVIDING FOR UPDATED POPULATION FIGURES; PROVIDING FOR EFFECTIVE DATE.
BACKGROUND: 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 2018 so the Cities share of the three cents of gas tax will remain the same as last year. As a result, this amendment 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 includes adjustments to each City's percentage share based on updated population figures.
RECOMMENDATION: For approval.
FISCAL IMPACT: Small percentage increase.
|
|
Current Proceeds |
Amended Proceeds |
|
Exhibit 1 |
1.588293% |
1.591563% |
|
Exhibit 2 |
0.805454% |
0.807112% |
CONTACT PERSON: Cale Curtis, City Manager