DISCLAIMER:
The following document is a reproduction of the Pinellas County Interlocal Agreement with the Suncoast Transit Authority approved by the Pinellas County Commission.
NO COMMENTS HAVE BEEN ADDED TO THIS VERSION OF THE DOCUMENT
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It has been reformatted and indexed to make it easier for you to find Sections and Subjects.
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INTERLOCAL AGREEMENTTRANSMITTAL
TO: The Honorable Chairman and Members of the Board of County Commissioners
FROM: James L. Bennett, County Attorney
SUBJECT: DATE: Recommendation to Approve the Transit Surtax Interlocal Agreement with the Pinellas Suncoast Transit Authority
DATE: June 3, 2014
RECOMMENDATION: I RECOMMEND THAT THE BOARD OF COUNTY COMMISSIONERS APPROVE THE ATTACHED TRANSIT SURTAX INTERLOCAL AGREEMENT BETWEEN PINELLAS COUNTY AND THE PINELLAS SUNCOAST TRANSIT AUTHORITY.
DISCUSSION: The Board adopted Ordinance No. 13-34 on December 10, 2013, which levies the Charter County and Regional Transportation Surtax ("Surtax") at the rate of one percent ( 1%) subject to referendum approval. That referendum is scheduled for November 4, 2014. The intent of the Board, as expressed both in Resolution No. 13-19 and Ordinance No. 13-34, in placing the referendum question on the ballet is to provide a funding source for countywide transportation projects, specifically those outlined in the Greenlight Pinellas Plan.
The Greenlight Pinellas Plan ("Plan") was developed by the Pinellas Suncoast Transit Authority ("PSTA"), a countywide transportation authority created by special act of the Legislature. The Plan calls for the development, construction, and operation of public transit benefitting Pinellas County, including an expanded bus system with bus rapid transit, increased frequency and extended hours, and local passenger rail and regional connections. The Plan calls for funding of this transit system with proceeds collected through the Surtax.
The interlocal agreement before the Board for action is between the County and PSTA, and provides for distribution of Surtax proceeds received by the County from the Department of Revenue to the PSTA. In addition to distributing the funds, the interlocal:
• Provides that the County can withhold distribution of the Surtax proceeds and/or reduce the Surtax levy if PSTA exercises its ad valorem taxing authority
• Allows PSTA to pledge the Surtax proceeds to secure any debt or other obligations incurred by PSTA for its Green light Plan
• Provides for the reduction and/or termination of the Surtax upon the occurrence of certain defined events
• Requires County consent in order for PSTA to undertake certain defined activities
• Provides reimbursement to the County for costs incurred in support of the Greenlight Plan
• Sets forth a schedule of critical milestones for Greenlight Plan
County staff has collaborated with PSTA staff over the last several months to develop the inter local attached to this memo. It is recommended that the Board approve the interlocal, authorize the Chair to sign, and transmit the inter local to the PSTA for its approval.
To see the entire Interlocal Agreement click this link:Pinellas County/PSTA Interlocal Agreement
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