HomeMy WebLinkAbout880977.tiff RESOLUTION
RE: DISTRIBUTION OF PAYMENT IN LIEU OF TAXES (PILT)
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 Road and Bridge Fund and the School Districts (RE-2,
RE-9 , RE-10J, RE-11 , and RE-12) on the basis of a 50/50 split
after 1% of said funds has 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 Road and Bridge 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 Road and Bridge Fund and the 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 of County Commissioners
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" .
880977
Page 2
RE: DISTRIBUTION OF PILT
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 12th day of
October, A.D. , 1988 .
�. • _ BOARD OF COUNTY COMMISSIONERS
ATTEST: l� k/ t) WELD UNTY, COLORADO
Weld County Jerk and Recorder )6vAr, d � 7��i ✓
and Clerk to the Board ene R.. Bran ner, Chairman
c-' • C. W.
Kirby, P o-Tem
Deputy County erk
APPROVED AS TO FORM: a. qu'lline o nson
yf
Gar o'° ': a y
County Attorney `
Fra: Yam uch '
880977
EXHIBIT "A"
DISTRIBUTION OF PILT FUNDS
1988
Total Revenues Received $19, 855 .00
Less: 1% CCI Lobbying Costs 198 .55
Proceeds to be divided: $19,656 .45
County Road and Bridge $ 9 ,828.22
School Districts 9 ,828 .23
Total Allocation $19 ,656 .45
SCHOOL DISTRICT DISTRIBUTION:
RE-2 10 ,880 5 .24 $ 515 . 00
RE-9 43 ,461 20. 94 2, 058 .03
RE-10J 39 ,500 19.03 1 ,870 .31
RE-11J 60 ,038 28 .93 2 , 843.31
RE-12 53 ,680 25 .86 2 ,541 . 58
207 ,559 100 . 00 $9 ,828.23
880977
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