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11 . Gel 6 LOCAL OPTION GAS TAX LOGT REVENUE <br /> DISTRIBUTION — CITY OF SEBASTIAN3 CITY OF VERO <br /> BEACH CITY OF FELL MERE , TOWN OF ORCHID <br /> AND TOWN OF INDIAN RIVER SHORES <br /> The Board reviewed a <br /> Memorandum of May 4 <br /> 200 <br /> TO : James E . Chandler , County Administrator <br /> FROM : James W . Davis , P . E . , Public Works Directo <br /> SUBJECT : 6t Local Option Gas Tax ( LOGT ) Revenue <br /> Distribution <br /> DATE : May 41 2001 <br /> DESCRIPTION AND CONDITIONS <br /> As required by Chapter 209 of the Indian River County Code , the <br /> staff has contacted the City Managers of all five municipalities <br /> for the purpose of collecting gas tax distribution formula data . <br /> Staff has inserted all recent data into the three parameter LOGT <br /> formula , ( see attached chart ) . Distribution percentages change <br /> slightly . <br /> RECOMMENDATIONS AND FUNDING <br /> Staff recommends that the Board approve the new distribution <br /> percentages as shown on the 2001 LOGT chart and send them to the <br /> State effective Sept . 1 , 2001 . <br /> ATTACHMENT <br /> Letters to five municipalities with chart attached . <br /> MAY 159 2001 <br /> i 1 0i t t .J3 <br /> - 76 - <br /> 4. <br />