Reso 2023-3537 (2) - Laserfiche WebLink

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Memorandum Date: July 18, 2023 To: Honorable Chairman Oliver G. Gilbert, III and Members, Board of County Commissioners From: Daniella Levine Cava } Mayor Subject: Resolution Approving Amended and Restated Interlocal Agreement for the Reestablishment and Distribution of the Six -Cent Local Option Gas Tax Executive Summary Pursuant to Section 336.025, Florida Statues, local counties are permitted to impose up to a six -cent local option gas tax (per gallon) of motor and diesel fuels sold in each such county and that are distributed to the local county and municipalities. The proceeds generated from this can be used towards transportation purposes, that include funding activities for the Department of Transportation and Public Works (DTPW) as well as municipal transportation functions. This item approves the amended and restated interlocal agreement between the County and municipalities that reestablishes the disbursement formula of the six -cent local option gas tax currently being used to distribute local option fuel tax proceeds between the County and eligible municipalities for the 30 -year period including January 1, 2024 through December 31, 2053. Recommendation It is recommended that the Miami -Dade County (County) Board of County Commissioners (Board) approve the resolution which includes the amended and restated interlocal agreements that reestablish the distribution methodology for the six -cent local option gas tax among the County and municipalities currently being used to distribute local option fuel tax proceeds between the County and eligible municipalities for the 30 -year period including January 1, 2024 through December 31, 2053. Scope of Agenda Item The impact of this item is countywide as the six -cent local option gas tax eligible uses include funding public transportation operations and public works functions. Additionally, this item will allow municipalities to fund public transportation operations and public works functions. Fiscal Impact / Funding Source The annual fiscal impact associated with a six -cent levy is projected to be $63.764 million in FY 2023- 24 with the County receiving $44.890 million and the municipalities receiving $18.874 million. The relevied local option gas tax will be imposed January 1, 2024, through December 31, 2053. The January 15' relevy of the six -cent local option gas tax will create a four month lapse in collections. This lapse is being accounted for in the FY 2023-24 Proposed Budget so that no budget gaps exist for the County and municipalities. Delegation of Authority This item authorizes the Mayor or Mayor's designee to execute the amended and restated interlocal agreement with the municipalities and to exercise all provisions contained therein. Track Record / Monitor The Miami -Dade Office of Management and Budget (OMB) will administer and oversee the interlocal agreements. MDC002