HomeMy WebLinkAbout20154124.tiffRESOLUTION
RE: DISTRIBUTION OF BANKHEAD-JONES FUNDS FOR 2015
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 adopted a
policy that Bankhead-Jones Funds will be distributed to the Weld County Public Works Fund and
the affected School Districts (RE -2, RE -9, RE -10J, RE -11, and RE -12) on the basis of a 50/50
percent split, and
WHEREAS, the Weld County Controller has prepared Exhibit "A," attached hereto and
incorporated herein as part of this Resolution, showing the calculation of the distribution of
Bankhead-Jones Tenant Act 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 Bankhead-Jones Funds shall be distributed to the County Public Works
Fund and School Districts RE -2, RE -9, RE -10J, RE -11, and RE -12, as more fully set forth in
Exhibit "A," attached hereto and incorporated herein as reference.
BE IT FURTHER RESOLVED by the Board that the Weld County Controller be directed to
prepare County warrants payable to the above School Districts for Bankhead-Jones Funds in the
amounts listed on Exhibit "A."
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 21st day of March, A.D., 2016.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST:
Mike Freeman, Chair
Weld County Clerk the Board
BY:
on y Attorney
Date of signature: (/toy/ 1
Sean`FP Conway, Pro -Tern C
?016 -'4167.-' .
FI0063
EXHIBIT "A"
DISTRIBUTION OF BANKHEAD-JONES TENANT ACT FUNDS
2015
Total Revenues Received
Less: 1% CCI Lobbying Costs
$451,533.62
0.00
Proceeds to be divided $451,533.62
County Public Works
School Districts
Less 25% direct distribution
$225,766.81
225, 766.81
112, 883.41
Total Allocation $112,883.41
School District Distribution:
District Number
Acreage Percent Amount
RE -2 10,880 5.24% $5,917.22
RE -9 43,461 20.94% $23,636.78
RE -10-J 39,500 19.03% $21,482.54
RE -11 60,038 28.93% $32,652.37
RE -12 53,680 25:86% $29,194.50
207,559
100.00% $112,883.41
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