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HomeMy WebLinkAbout20043406.tiff RESOLUTION RE: DISTRIBUTION OF PAYMENT IN LIEU OF TAXES (PILT) FOR 2004 WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board of County Commissioners of Weld County, Colorado, has a policy that PILT Funds will be distributed to the Weld County Public Works Fund and School Districts RE-2, RE-9, RE-10J, RE-11, and RE-12 on the basis of a 50/50 percent split after one percent of said funds have been taken off for CCI lobbying purposes, and WHEREAS, the Director of Finance and Administration has prepared Exhibit "A" attached hereto and incorporated herein as part of this Resolution, showing the calculation of the distribution of PILT Funds to the Public Works Fund and School Districts RE-2, RE-9, RE-10J, RE-11, and RE-12. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the distribution of PILT Funds to the County Public Works Fund and School Districts RE-2, RE-9, RE-10J, RE-11, and RE-12 shall be distributed as more fully set forth on Exhibit "A" attached hereto and incorporated herein by reference. BE IT FURTHER RESOLVED by the Board that the Director of Finance and Administration be directed to prepare County warrants payable to the above school districts in the amount presented on Exhibit "A." The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 29th day of November, A.D., 2004. BOARD OF COUNTY COMMISSIONERS WE D COUN Y, COLORADO • fate ilk Robert D. Masden, Chair orkaClerk to the Board 1861 `1-1`` �4'y yi William H. J ke, Pro-Tem laYr• _D• e " Clerk to the Board ' M. J. ile APP AST M: cwt David . Long my Atto ey Glenn Vaad Date of signature: /.2- 2004-3406 FI0039 Y/ ' rZ ii)*, 41 id -6"31 EXHIBIT "A" DISTRIBUTION OF PILT FUNDS 2004 Total Revenues Received $ 68,940.00 Less: 1% CCI Lobbying Costs 689.40 Proceeds to be divided $ 68,250.60 County Pubic Works $ 34,125.30 School Districts 34,125.30 Total Allocation $ 68,250.60 School District Distribution: District Number Acreage Percent Amount RE-2 10,880 5.24 $ 1,788.17 RE-9 43,461 20.94 7,145.84 RE-10J 39,500 19.03 6,494.04 RE-11 60,038 28.93 9,872.45 RE-12 53.680 25.86 8.824.80 207,559 100.00 $ 34,125.30 2004-3406 FI0039 Hello