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Resolution 2023-156 RESOLUTION 2023- 1 56 A RESOLUTION OF THE COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS PROVIDING FOR THE UPDATED DISTRIBUTION OF PROCEEDS OF THE ADDITIONAL FIVE CENT AND SIX CENT LOCAL OPTION FUEL TAXES BY UTILIZING ELIGIBLE TRANSPORTATION EXPENDITURES FOR THE PRECEDING FIVE (5) YEARS AS THE BASIS FOR THE DISTRIBUTION FORMULA PURSUANT TO SECTION 336.025, FLORIDA STATUTES; REPEALING AND SUPERSEDING RESOLUTION 2013-63; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 336.025(1)(a)and(b),Florida Statutes, authorized the County to levy an additional Five Cents and Six Cents in local option fuel taxes by ordinance adopted by the membership of the governing body of the County; and WHEREAS, Collier County had previously adopted ordinances levying and extending the additional Five Cents and Six Cents fuel tax to the year 2055; and WHEREAS,the additional Five Cents and Six Cents fuel taxes may be distributed pursuant to Section 336.025(4)(a), Florida Statutes, without an interlocal agreement; and WHEREAS, the distributions shall be recalculated every 10 years based on the transportation expenditures of the immediately preceding 5 years pursuant to Section 336.025(4)(a), Florida Statutes; and WHEREAS, Collier County staff has prepared the necessary updated distribution formula attached hereto as Exhibit "A" to this Resolution based upon the eligible transportation expenditures of the preceding five (5) years. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA that: The Board of County Commissioners has extended the imposition of the additional Five Cents and Six Cents fuel taxes up to and including year 2055, until terminated, changed or amended by the Board; and [23-MBG-00569/1813675/1] 1 0 BE IT FURTHER RESOLVED, that: Such calculation shall under no circumstances materially or adversely affect the rights of holders of bonds outstanding on July 1, 1986, which are backed by taxes authorized in Section 336.025(1)(a),Florida Statutes, and the amounts distributed to the Collier County and each municipality shall not be reduced below the amount necessary for the payment of principal and interest and reserves for principal and interest as required under the covenants of any bond resolution outstanding on the date of the recalculation; and BE IT FURTHER RESOLVED, that: The proportions shall be recalculated every ten (10) years based on the transportation expenditures of the immediately preceding five (5) years; and BE IT FURTHER RESOLVED, that: This Resolution repeals and supersedes Resolution 2013-63 in its entirety; and AND IT IS FURTHER RESOLVED, that: This Resolution shall take effect immediately upon its adoption. PASSED AND DULY ADOPTED by the Board of County Commissioners of Collier County, Florida, this /1#4 day of ca te"bel , 2023, after motion, second and majority vote favoring same. ATTEST: BOARD OF COUNTY COMMISSIONERS CRYSTA .�2 , Clerk COLLIER COUNTY, FLORIDA -Ct . ''''' ' ' .1-77Se'' 62j ; 'Deputy Clerk Rick LoCastro, Chairman Attest.? a.Chairman's sigli tUrre only. Appro 7-•, as to form and legality: Calk Sarn.hIcar (Y� A sistan ounty Attorney CPA gic12 3 [23-MBG-00569/1813675/1] 2 o P G EXHIBIT "A" Five Cents & Six Cents Local Option Fuel Taxes Updated Distribution Percentages Based on 5 Years of Transportation Expenditures (FY18 -FY22) Updated % Local Government Distribution Unincorporated County 89.06% City of Naples 4.52% City of Marco 6.23% Everglades City 0.19% Total 100.00% 0,0