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Supplemental Gas Tax Interlocal Agreement 07/20/2022 GV�S COURTq c o: A Kevin Madok, CPA - �o ........ � Clerk of the Circuit Court& Comptroller Monroe County, Florida �z cooN DATE: August 8, 2022 TO: Judith Clarke, PE, Director Engineering/Roads &Bridges ATTN: Nicole Twyrnan Executive Assistant FROM: Liz Yongue, Deputy Clerk SUBJECT: July 20th BOCC Meeting The following item has been executed and added to the record: CIO Supplemental Gas Tax Interlocal Agreement with the City of Key West to compensate the City for the difference in 6-cent Local Option Gas Tax Revenue between the Citds old distribution percentage (36.5%) and the updated distribution percentage (28.3%) for a period of four years with the compensation amount decreasing by 25%per year. Should you have any questions please feel free to contact me at (305) 292-3550. cc: County Attorney_ Finance File KEY WEST MARATHON PLANTATION KEY 500 Whitehead Street 3117 Overseas Highway 88770 Overseas Highway Key West, Florida 33040 Marathon, Florida 33050 Plantation Key, Florida 33070 SUPPLEMENTAL GAS TAX INTERLOCAL AGREEMENT THIS INTERLOCAL AGREEMENT is made and entered into on this 201" day of July, 2022 between Monroe County(MONROE COUNTY), a political subdivision of State of Florida, and the City of Key West (KEY WEST), a municipal corporation of the State of Florida. WHEREAS, pursuant to Florida Statutes Section 336.025,the county and municipalities intend to enter into an interlocal agreement setting forth a distribution formula for dividing the entire proceeds of the tax among county government and all eligible municipalities within the county; and WHEREAS, MONROE COUNTY and the cities of KEY WEST, KEY COLONY BEACH, VILLAGE OF ISLAMORADA, LAYTON, and MARATHON have tentatively agreed to enter into Amendment Two to the Local Option Gas Tax Sharing Interlocal Agreement to update the 5-cent gas tax distribution, which is based upon populations, with the 2020 census data and the 6-cent gas tax distribution,which is based on transportation expenditures, with transportation expenditures for the most recent past 5 fiscal years (FY) (FY 2017-FY 21); and WHEREAS, while the 5-cent percentage distribution for Key West increases slightly,the 6-cent percentage distribution for Key West will decrease from 36.5%to 28.33%resulting in a reduction of funds of approximately$250,000 based upon current gas tax revenue proceeds; and WHEREAS, in order to allow for Key West to absorb this reduction over the next 4 fiscal years, the County has agreed to enter into this Supplemental ILA whereby Monroe County will compensate Key West for the difference between the new 6-cent percentage and what Key West would have received if no percentage change were made and reducing it by 25%per year over 4 years; and WHEREAS,the City of Key West,the most populous municipality in Monroe County, so long as this Supplemental Gas Tax Agreement is approved,will execute the Amendment Two to the Interlocal Agreement, rendering the agreement sufficient for purposes of the Department of Revenue (DOR) and setting the updated distributions contained therein; and WHEREAS,the Board of County Commissioners of Monroe County has decided to share a portion of its distribution from the Florida Department of Revenue to compensate Key West for the difference between the new 6-cent percentage and what the City would have received if no percentage change were made and reducing it by 25% per year over 4 years; NOW THEREFORE, IN CONSIDERATION OF the mutual promises and conditions contained herein,the PARTIES agree as follows: SECTION 1.TERM. This Agreement shall be effective on the date as first written above and will be for a term beginning September 1, 2022 and continue in force for four years, ending on September 1, 2026. SECTION 2. PAYMENT AMOUNT SUPPLEMENTAL TO THE LOCAL OPTION GAS TAX SHARING ILA This agreement supplements the county-wide Amendment Two to the Local Option Gas Tax Sharing interlocal agreement approved by the County on July 20 , 2022, and is intended to compensate the City of Key West for the difference between the updated 6-cent distribution percentage of 28.3% and the amount the City of Key West would have received had no percentage change been made (3 . )and to reduce the compensation a on 2 r year over 4 years. Monroe County will pay In arrears from the gas tax distributions it receives from the Florida Department of Revenue( ). The 6-cent gas tax is levied and imposed pursuant to Ordinance No.033-2019 withn effective date of September 1 to August 31. For the period of September 1,2022,through August 31,2023,the Monroe County shall pay Key West In arrears In two Installments on or about March 1,2023,and September 1,2023, 1 of the difference een the gas tax revenues percentage n . applied to the i gas tax revenue for that annual term. For the period of September 1,2023,through August 31,2024,Monroe County shall pay Key West In arrears In two Installments n or about March 1,2024,and September 3,2024,7 f the difference between the gas tax revenues percentage of 28.33%and 36.5%appliedto the 6-cent gas tax revenue for that annual term. For the period of September 1, 2024,through August 31,2025,the Monroe County shall pay Key West In arrears in two Installments on or about March 1,2025,and September 1,2025,50%difference between the gas tax revenues percentage of 28.33%and 36.5%applied to the tax revenue for that annual term. For the period of September 1,2025,through August 1,2026,the Monroe County shall pay Key West in arrears in two instailments on or about March 1,2026,and September 1,2026,25%of the difference between the gas tax revenues percentage of 28.33%and 36.5%appliedthe 6-cent s tax revenue for that annual term. Upon expiration of this ILA on September 1,2026 or upon payment of the final amount by Monroe County,the percentage distribution in Amendment 2 to the ILA will apply and the County shall not pay any additional funds from gas tax distributions after August 31,2026. ADJUSTMENT;MAINTENANCE No adjustment to the distributions specified In Section 2 above shall be made except Ina written document executed by all parties affected by the adjustment. The City of Key West shall maintain adequate fiscal control and fund accountingprocedures that comply with generallya d government accounting principles In order to assure that the funds are spent for the purposes permitted by state statute.Any funds transferred by the COUNTY to the municipality under this agreement andwhich ore determined the County Clerk,an auditor employed by the COUNTY or employed by the State to have been spent for a purpose not permissible under state law must be paid back to the COUNTY with interest calculated u unt to S. . (1),FS,from the date o any report that the funds were spent for an Impermissible pur s . SECrION 4.TERMINATION. This Agreement shall terminate n or about September 1,2026,or after the final payment Is made for the period of 9/1/25t / in accordance with ion 2 above,whichever occurs first.This agreement will automatically terminate with no further action needed by either party. SECTION S.ASSIGNMENT. o Party may assign this Agreement or assign or subcontract any of its obligations under this Agreement without the approval of the governing boards of the other Parties.All the obligations of this Agreement will extend to and bind the legal representatives,successors and assigns of all Parties. SECTIONI f . This Agreement is subordinate to the laws and regulations of the United States,and the State of Florida, whether in effect on commencement of this agreement or adopted after that date. SECTION ! . This Agreement is governed by the laws of the State of Florida and the United States.Venue for any dispute arising under this Agreement must be in Monroe County, Florida. In the event of any litigation, the prevailing party Is entitled to a reasonable rny's fee and costs. SECTION . Notices in this Agreement, unless otherwise specified, must be sent by certified mail to the following: County Administrator 1100 Simonton Street Key West, FL 33040 County Attorney P.0. 13ox 1026 Key West,FL 33042 WEST:KEY City Manager City Attorney P.0. Box 1409 Key West, FL 33041 SECTION .FULL UNDERSTANDING. This Agreement Is the rties'final mutual understanding regarding the subject matter hereof. It replaces any earlier agreements or understandings,whether written or oral.This Agreement cannot modified or replaced except another written and signed agreement. SECTIONIN COUNTERPARTS. This Agreement may be executed In any number of counterparts,each of which shall be regarded as an original,all of whichher shall constitute one and the some Instrument and any of the parties heretoy by signing y such counterpart. In Witness Whereof,each party has caused this Agreement to be executed by its authorized representative. ' (SEAL) _ . BOARD OF COUNTY COMMISSIONERS KEVIN MADOK,CLERK 0 ( ® OF MONROE COUNTY,FLORIDA i. By As 75\421 _' ty CI k s.. :; Mayor/Chalrpers • -:.!...:;: t 1. "' - -_ - fir I''%;- : - 4° CITY OF KEY' . - e i °e°MTY IN��'� siv A . . , 'Ars:,, 4,z.,2 `i �+a.i ,� e i B Ma or //fi s ..,'ter �'-:.':.;..ti,• k ' - i yi The Remainder of this page Intentionally Left Blank n��MONROE p COUNTYCy ATTORNEY Lzt .:: PYta>.TfsnOY'liA TD 3 R CHRISTINE LIMBERT.BARROWS Li_.. ASSISTANT COUNTY ATTORNEY C.< f- DATE: 8/5/22 IJI Jr LX -�7 C'} ..._i l s- I ti n = I 1 I i 1