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AUG 2 0 911 <br />BOOK 84 PAGE <br />The Board reviewed the following memo dated 7/24/91: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E. <br />Public Works Directo , <br />i�r <br />SUBJECT: Continuance of Six Cent Local <br />Option Gas Tax <br />DATE: July 24, 1991 <br />DESCRIPTION AND CONDITIONS <br />The Transportation Planning Committee, the five (5) <br />municipalities within the County and the Public Works Department <br />Staff concur that continuance of the six cent Local Option Gas <br />Tax (LOGT) Program is needed for the next five year period <br />(September 1, 1991 to August 31, 1996). The attached ordinance <br />and sample Interlocal Agreement have been prepared to effect the <br />continuance. <br />The LOGT distribution formula will remain the same as previously <br />applied and is as follows: <br />Percentage of total revenue allocated to each eligible <br />entity = 1/3 of the entity's percentage of total equivalent <br />lane miles of road + 1/3 of the entity's percentage of <br />transportation expenditures over the previous five year + <br />1/3 of the entity's total percentage of population residing <br />in the area based upon the 1990 census. <br />For example, from the attached chart, Indian River County's share <br />should be computed as follows: <br />Percentage of total revenue allocated to Indian River County <br />= 1/3 (69.900) + 1/3 (66.93%) + 1/3 (64.50) = 67.1100% <br />In applying the above formula to all eligible entity's, the <br />following percentages, rounded to the nearest tenth, are derived: <br />Indian River City of City of City of Town of Indian Town of <br />County Vero Beach Fellsmere Sebastian River Shores Orchid <br />67.1100% 19.0267% 1.9800% 10.8267% 1.0533% 0.0033% <br />The annual funds proposed for distribution to each entity for the <br />six cent of local option gas tax, would amount to the following: <br />Proceeds from the Six Cent Local Option Gas Tax <br />Indian River City of City of City.of Town of Indian Town of <br />County Vero Beach Fellsmere Sebastian River Shores Orchid <br />$2,010,121 $569,999 <br />$59,306 $324,387 $31,451 $99 . <br />20 <br />_I <br />