Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached 2016 Amendment To The Interlocal Agreement Between The City Of Hollywood And Broward County Regarding The Local Option Gas Tax, The Attached 2016 Amendment To The Interlocal Agreement Between The City Of Hollywood And Broward County Regarding Additional Local Option Gas Tax On Motor Fuel, And The Attached 2016 Amendment To The Interlocal Agreement Between The City Of Hollywood And Broward County Regarding Additional Local Option Gas Tax On Motor Fuel For Transit.
Body
Staff Recommends: Approval of the Resolution
Explanation:
There are currently Interlocal Agreements between the Cities within Broward County and the County to distribute the proceeds from the Local Option Gas Tax. Included among these Interlocal Agreements are the following:
- Adopted in 1983, the "original" Local Gas Tax provides for Cities to receive 37.5% of proceeds of the six cents of gas tax.
- Adopted in 1993, the "additional" Local Option Gas Tax provides for Cities to receive 51.27% of the three cents of gas tax.
- Adopted in 2000, the "transit" gas tax provided for Cities to receive 26% of the proceeds of gas tax.
Pursuant to a 1997 Board approved Policy, the Cities' share of Local Option Gas Taxes was increased to take into account the population shift resulting from annexation. This policy allowed both the "original" and "additional" Interlocal agreements to be amended in 1997 and 1999 to increase the Cities' share. Even though the Cities' share of the "original" Local Option Gas Tax did not change, the Cities received the full benefit of the population shift resulting from annexation through an increase in the Cities' share of "additional" Local Option Gas taxes. This has resulted in the Cities' share of the three cent "additional" to be more than the Cities' share of the six cents "original" Local Option Gas Tax....
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