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EXISTING LOCAL OPTION GAS TAX RENEWAL P. II ~.""" Ine as ;',"c'):', ri!;\t!'?iJ . \..ounty ',,,,, OFFICE OF THE COUNTY ADMINISTRATOR MEMORANDUM TO: FROM: The Honorable Ma~rs and City Managers of Pinellas County ~ Stephen M. Spratt, County Administrator SUBJECT: Existing Local Option Gas Tax Renewal DISTR: The Honorable Chairman and Members of the Board of County Commissioners Susan H. Churutl, County Attorney DATE: May 6, 2005 As previously discussed at our City Manager Consortium Meetings, the existing six (6) cent LOGT is scheduled to sunset August 31, 2007. I think that we all agree that this revenue source is Important to addressing our transportation needs. The Board of County Commissioners has indicated that it will favorably consider a recommendation extending the authorization for an additional ten (10) years through 2017. To this end, attached please find an Interlocal Agreement drafted by the County Attorney's Office. This Agreement is similar to that which is currently in place. The primary difference is that the County share of the total has been reduced from 75% to 60%. Pursuant to the discussion at the April MPO meeting, the municipal share (40%) has been allocated to the individual cities based upon 2004 population statistics published by the Bureau of Economic and Business Research (BEBR), see Appendix A. After your Council has approved the Agreement, please contact Mark Woodard at 464~3485. We will coordinate the collection of the executed document with your Clerk or other appropriate staff. Please endeavor to have the Agreement approved by July 1, 2005. Thank you in advance for your cooperation in this matter. Attachment INTERLOCAL AGREEMENT THIS INTERLOCAL AGREEMENT made and entered into as of the ~ day of . 2005, by and between Pinellas County, a political subdivision of the State of Florida (the "County") and the municipalities that are parties hereto within Pinellas County representing a majority of the population of the incorporated area of Pinellas County, as listed on the signature pages hereto (the "Municipalities"). WITNESSETH: WHEREAS, this Agreement is authorized by Section 336.025, Florida Statutes, and other applicable law; and WHEREAS, Section 336.025(1 )(a), Florida Statutes, authorizes the imposition of a local option fuel tax of up to six cents ($0.06) upon every gallon of motor fuel and diesel fuel sold in the County and taxed under the provisions of Chapter 206, Florida Statutes; and WHEREAS, that section also provides that this tax may be extended or the distribution changed in the manner set forth herein; and WHEREAS, on June 18, 1985, the County levied and imposed a four cent ($0.04) per gallon local option fuel tax by Ordinance No. 85-14, effective from September 1, 1985 through and including August 31, 1995; thereafter, the County increased the local option fuel tax fate from four cents ($0.04) to six cents ($0.06) for the period from September 1, 1987 through August 31, 1995, and additionally imposed the six cents ($0.06) local option fuel tax from September 1, 1995 until August 31, 1997 by Ordinance No. 87-46; and extended the six cents ($0.06) local option fuel tax for a period of ten (10) years from September 1, 1997 until August 31, 2007 by Ordinance No. 93-64 (the six cents levy hereinafter sometimes referred to as the "First Local Option Fuel Tax"). Pllgc 1 of 11 WHEREAS, in accordance with these ordinances, the County and Municipalities representing a majority of the population of the incorporated areas of Pinellas County previously entered into interlocal agreements dated June 18, 1985, May 19, 1987 and July 1, 1991, which detennined the method and distribution of the First Local Option Fuel Tax ("Prior Interlocals"); and WHEREAS, there exists a need within Pinellas County for additional funds to be used for transportation expenditures authorized by Section 336.025, Florida Statutes; and WHEREAS, the County and the Municipalities are desirous of insuring a stable and sufficient revenue flow from the local option fuel tax proceeds both in terms of the amount and the period of the levy, in order to have such monies available for the payment of transportation expenditures incurred by the County and the Municipalities as permitted by applicable Florida law; and WHEREAS, the purpose and intent of this Interlocal Agreement is to establish a current plan for the continued administration and expenditwe of the proceeds of the First Local Option Fuel Tax, as well as a new distribution formula by redetermining the division of the proceeds from the First Local Option Fuel Tax among the County and the Municipalities, conditioned upon the further extension of the First Local Option Fuel Tax. NOW, THEREFORE, in consideration of the premises and of the mutual benefit, and in consideration of the covenants and agreements set forth herein, the County and the Municipalities agree as follows: Page 2 of II SECTION 1. PRIOR PLEDGE OF LOCAL OPTION GAS TAX PROCEEDS UNAFFECTED HEREBY. Nothing in this lnterlocal Agreement shall under any circumstances materially or adversely affect the rights of holders of any bonds or other such debt which have been pledged as security for the First Local Option Fuel Tax, and the covenants regarding such pledge and the pledge itself shall not be affected hereby. Furthermore, the amounts distributed hereunder shall not be reduced by virtue of or due to the terms of this Interlocal Agreement below the amount pledged for the payment of principal, interest, and reserves as required under the covenants of any bond resolution or indenture outstanding on the date of establishment of this Interlocal Agreement. SECTION 2. DISTRIBUTION. The First Local Option Fuel Tax imposed by the County upon every gallon of motor fuel and diesel fuel sold in the County and taxed under the provisions of Chapter 206, Florida Statutes, shall be distributed by the State Department of Revenue directly to the County, for placement in the Local Option Fuel Tax Trost Fund Account for subsequent allocation and disbursement to the Municipalities and the County in accordance with the distribution formula attached hereto as Appendix "A" and incorporated by reference herein. SECTION 3. UTILIZATIONS OF FUEL TAXES. The County and the Municipalities agree that the moneys received from the First Local Option Fuel Tax, or the proceeds of any revenue bonds secured thereby, shall only be utilized for transportation expenditures as defined by Section .3.36.025(7), Florida Statutes, needed to meet the requirements of the capital improvements element of an adopted comprehensive plan, or for expenditures needed to meet immediate local transportation problems and for other transportation-related Page 3 of 11 expenditures that are critical for building comprehensive roadway networks by local govermnents. SECTION 4. PRIOR INTERLOCALS SUPERSEDED. Commencing on the Effective Date of this lnterlocal Agreement as defined in Section 9, the County and the Municipalities agree that the County shall administer the allocation of estimated cash receipts and shall distribute the proceeds of the First Local Option Fuel Tax to the Municipalities and the County in accordance with the distribution formula in Appendix A. The distribution tenns of this lnterlocal Agreement shall supersede the distribution formulas contained in the Prior lnterlocals, and the distribution of the First Local Option Fuel Tax proceeds shall be governed specifically by the terms of this Interlocal Agreement as of the Effective Date. During the period between when this Interlocal Agreement is approved by the parties hereto and the Effective Date, the First Local Option Fuel Tax shall be distributed in accordance with the Interlocal Agreement dated July 1, 1991. The parties hereby agree that all distributions which have been undertaken prior to the date hereof are proper and acceptable and the parties hereby waive any right to dispute any amounts previously distributed. SECTION s. ABILITY TO PLEDGE. The parties respective portions of the First Local Option Fuel Tax may be pledged by the County or the Municipalities to secure revenue bonds or other obligations for the purposes set forth in Section 336.025, Florida Statutes, and as set forth in this Agreement. The County and the Municipalities may also develop, implement and administer any other program or financial arrangement in accordance with applicable law and this Interlocal Agreement which provides for payment with their respective share of the First Local Option Fuel Tax. Page 4 of II SECTION 6. NEW MUNICIP ALITffiS. Any municipality which may become newly incorporated in the County after the effective date hereof and which is eligible for participation in the distribution of the proceeds of the First Local Option Fuel Tax under Parts II and VI of Chapter 218 may become a party hereto, but only in accordance with Section 336.025(4)(b), Florida Statutes. SECTION 7. AMENDMENT. This Agreement may be amended in writing upon the express formal consent of the governing bodies of all the parties. SECTION 8. EFFECTIVE DATE. This Agreement shall be effective for the purposes stated herein on September 1, 2007, and except as otherwise provided herein, shall expire on August .31,2017. SECTION 9. . TERMINATION IF NO LEVY. This Agreement shall automatically terminate in the event that the County does not adopt an ordinance extending the First Local Option Fuel Tax pursuant to Section .336.025, Florida Statutes, on or before January 1,2007. SECTION 10. PERIODIC REVIEW. The County and Municipalities shall review the distribution formula for the First Local Option Fuel Tax at least every ten (10) years during the term hereof, including any extensions of this lnterlocal Agreement. SECTION 11. FILING INTERLOCAL AGREEMENT. Upon the execution hereof by the duly authorized representatives of the parties, this Interlocal Agreement shall be filed with the Clerk of the Circuit Court for recording in the public records of Pinellas County, Florida, as required by Section 163.01 (11), Florida Statutes. <SIGNATURE PAGE FOLLOWS> Page 5 of) I IN WITNESS WHEREOF, the parties hereto have caused this InterIocal Agreement to be executed as of the day and year first above written. ATTEST KEN BURKE, CLERK PINELLAS COUNTY, FLORIDA by and through its Board of County Commissioners By: By: John Morroni, Chairman Deputy Clerk [SEAL] ATTEST: TOWN OF BELLEAlR By: By: Mayor Town Clerk [SEAL] ATTEST: CITY OF BELLEAIR BEACH By: By: Mayor City Clerk [SEAL] ATTEST: CITY OF BELLEAIR BLUFFS By: By: Mayor City Clerk [SEAL] ATTEST: TOWN OF BELLEAIR SHORE By: By: Mayor Town Clerk [SEAL] Page 6 of 11 Countersigned: ~/~ Fraf1f{ V. Hibbard Mayor Approved as to form: ~kin City Attorney CITY OF CLEARWATER, FLORIDA By: 4)~.~-:u: William B. Horne II City Manager Attest: ~z . J.L.~~,^-- Cyn la E. Go~eal!.- City lerk -:::..-_ . . ATTEST: By: ATTEST: By: ATTEST: By: ATTEST: By: City Clerk [SEAL] ATTEST: By: City Clerk [SEAL] ATTEST: By: City Clerk [SEAL] City Clerk [SEAL] Town Clerk [SEAL] City Clerk [SEAL] Page 7 of I ] CITY OF CLEARWATER By: See Attached Signature Page Mayor CITY OF DUNEDIN By: Mayor CITY OF GULFPORT By: Mayor CITY OF INDIAN ROCKS BEACH By: Mayor TOWN OF INDIAN SHORES By: Mayor CITY OF KENNETH CITY By: Mayor ATTEST: By: ATTEST: By: ATTEST: By: ATTEST: By: City Clerk [SEAL] ATTEST: By: City Clerk [SEAL) ATTEST: By: Town Clerk [SEAL] City Clerk [SEAL) City Clerk [SEAL) Town Clerk [SEAL) Poge 8 of II CITY OF LARGO By: Mayor CITY OF MADEIRA BEACH By: Mayor TOWN OF N. REDINGTON BEACH By: Mayor CITY OF OLDSMAR By: Mayor CITY OF PINELLAS PARK. By: Mayor TOWN OF REDINGTON BEACH By: Mayor ATTEST: By: ATTEST: By: ATTEST: By: Town Clerk [SEAL] ATTEST: By: City Clerk [SEAL] ATTEST: By: City Clerk [SEAL] ATTEST: By: City Clerk [SEAL] City Clerk [SEAL] City Clerk [SEAL] Page 9 ofll TOWN OF REDINGTON SHORES By: Mayor CITY OF SAFETY HARBOR By: Mayor CITY OF SEMINOLE By: Mayor CITY OF ST. PETE BEACH By: Mayor CITY OF ST. PETERSBURG By: Mayor CITY OF SOUTH PASADENA By: Mayor ATTEST: By: City Clerk [SEAL] ATTEST: By: City Clerk [SEAL] Page 100fll CITY OF TARPON SPRINGS By: Mayor CITY OF TREASURE ISLAND By: Mayor APPENDIX A TO INTERLOCAL AGREEMENT DATED AS OF . 2005 . The Municipalities shall be entitled to receive forty percent (40%) of the First Local Option Gas Tax proceeds received by the County from the Department of Revenue and the County shall be entitled to retain sixty percent (60%) of the Local Option Gas Tax proceeds, The Municipalities shall individually be entitled to receive the following respective portions of such forty percent (40%): Municipalitv Percentage of Local Option Gas Tax to be Received Effective September 1. 2007 Belleair Belleair Beach Belleair Bluffs Belleair Shore Clearwater Dunedin Gulfport Indian Rocks Beach Indian Shores Kenneth Clty Largo Madeira Beach North Redington Beach Oldsmar Pinellas Park Redington Beach Redington Shores Safety Harbor St Petersburg St Pete Beach Seminole South Pasadena Tarpon Springs Treasure Island Total 0.25% 0.10% 0.14% 0.00% 6..72% 2.26% 0.78% 0,32% 0.11% 0.27% 4.38% 0.28% 0.09% 0.83% 2.85% 0..10% 0.14% 1.08% 15.41% 0.61% 1.08% 0.36% 1.39% 0.46% 40.00% F:\USERS\A fTY\A TYKB07\WPDOCS\2005\Agrec:menlS\lnlerlocaJ AgrnlS\Gas Tax 4-26-05dr1.doc Page 11 of ) I