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File #: R-2018-132    Version: 1 Name: Gas tax FY 18
Type: Resolution Status: Passed
File created: 4/17/2018 In control: Department of Financial Services
On agenda: 5/2/2018 Final action: 5/2/2018
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached 2018 Amendment To The Interlocal Agreement With Broward County Regarding Additional Local Option Gas Tax On Motor Fuel, And The 2018 Amendment To The Interlocal Agreement With Broward County Regarding Additional Local Option Gas Tax On Motor Fuel For Transit.
Attachments: 1. Gasreso.pdf, 2. GASTAX Exhibit 1.pdf, 3. GASTAX Exhibit 2.pdf, 4. tergstxa.pdf, 5. tergstxt.pdf, 6. BIS 18149.pdf
Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached 2018 Amendment To The Interlocal Agreement With Broward County Regarding Additional Local Option Gas Tax On Motor Fuel, And The 2018 Amendment To The Interlocal Agreement With 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 2018, 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.

The Interlocal Agreement with Broward County regarding the "original" six cents Local Option Gas Tax was previously approved by the City Commission on March 7, 2018 via R-2017-070.

This resolution seeks authorization to execute the attached 2018 Amendments to the Interlocal Agreements between the City of Hollywood and Broward County regarding the additional tax on motor fuel, and the additional tax on motor fuel for transit. The amendments to the two (2) agreements are as follows:

- The 2018 Amendment to the three cents "additional" agreement retains the Cities' share at 51.27% and adjusts each City's percentage share based on updated population figures.

- The 2018 Amendment to the one cent "transit" gas tax includes adjustments to each City's percentage based on updated population figures with no change in the 26% Cities' share.

Since the agreements are based on the population distribution within the County, annual amendments...

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