Agenda

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Special BCC Meeting

Meeting Date:	07/14/2016
Issue: Local Option Gas Tax (LOGT) Distribution Formula
From:	Amy Lovoy
Department:	Asst County Administrator
CAO Approval:

Information

RECOMMENDATION:

Recommendation Concerning the Distribution of the Local Option Gas Tax Formula between Escambia County and the City of Pensacola - Amy Lovoy, Assistant County Administrator

That the Board take the following action concerning the distribution of the Local Option Gas Tax (LOGT) formula between Escambia County and the City of Pensacola:

A. Discuss and approve a distribution formula for the proceeds of the LOGT commencing September 1, 2016, and continuing for 10 years, 4 months through December 31, 2026.

B. Approve, subject to Legal review and sign-off, an Interlocal Agreement with the City of Pensacola, should the Board approve a distribution formula different than the formula defined in Florida Statutes 336.025.

BACKGROUND:

See Attached

BUDGETARY IMPACT:

See Attached

LEGAL CONSIDERATIONS/SIGN-OFF:

The Legal Department will draft an interlocal agreement that will reflect the approved distribution percentages.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

Before September 1, 2016, the City of Pensacola must approve any interlocal agreement.

Attachments
LOGT Sharing Calculations