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HomeMy Public PortalAbout014-2015 - Payment In Lieu of Taxes (PILOT) to the City of RichmondBOARD OF SANITARY COMMISSIONERS OF THE RICHMOND SANITARY DISTRICT RESOLUTION NO. 14 -2015 A RESOLUTION APPROVING A PAYMENT IN LIEU OF TAXES (PILOT) TO THE CITY OF RICHMOND AND RECOMMENDING COMMON COUNCIL OF THE CITY OF RICHMOND, INDIANA, PASS-AN ORDINANCE FOR AN ADDITIONAL APPROPRIATION TO THE RICHMOND SANITARY DISTRICT'S 308 LANDFILL ACCOUNT WHEREAS, The Board of Sanitary Commissioners (hereinafter "Board ") for the Richmond Sanitary District (hereinafter "RSD ") owns, operates and collects revenue for the City of Richmond, Indiana's (hereinafter "City ") landfill (hereinafter "Landfill "); and WHEREAS, The revenues collected from the Landfill are placed into and disbursed out of the RSD's 308 Landfill account, which account is funded by user fees; and WHEREAS, Employees of the City, including employees of the Richmond Sanitary District, have gone without any pay raises for at least seven (7) years and over that same period of time have only been granted two (2) stipends of Five Hundred Dollars ($500.00) each in 2013 and in 2014; and WHEREAS, It has come to the attention of the RSD that the City does not currently have, nor does it anticipate having, an operating cash surplus in its 2015 budget in which to grant City employees any stipends for 2015; and WHEREAS, The Board of RSD believes it is in the best interests of the Board of RSD and the Common Council (hereinafter "Council ") of the City for the Board of RSD to enter into with Council of City a Payment in Lieu of Taxes (hereinafter "PILOT "), wherein the monies for a PILOT could be based on RSD assets but payment would only be from the 308 Landfill account; and WHEREAS, There are not sufficient funds at the present time in RSD's budget in its 308 Landfill account to make a payment to the City's General Fund for stipends for City employees for 2015 through a PILOT; and WHEREAS, RSD believes that there are sufficient cash assets available in its 308 Landfill account, which is funded by user fees, that could help assist and augment the General Fund of City for the purpose of granting all City employees, including RSD employees, stipends for the year 2015, all of which would not impair RSD's ability to operate the Landfill or to meets its obligations thereto; and WHEREAS, The Board of RSD recommends that its PILOT payment to City be in the amount of $254,000; and WHEREAS, RSD approves, recommends and encourages Council to make an additional appropriation of $254,000 to the 2015 budget of RSD's 308 Landfill account in order for the City to subsequently make a payment of those funds to the City's General Fund. NOW THEREFORE, BE IT RESOLVED by the Board of Sanitary Commissioners of the Sanitary District of Richmond, Indiana, which said Board, having reviewed and discussed the PILOT concept and the Whereas set forth above, now approves entering into a PILOT with the City of Richmond, Indiana, as set forth in the Whereas above, only for calendar year 2015. BE IT FURTHER RESOLVED by the Board of Sanitary Commissioners of the Sanitary District of Richmond, Indiana, that said Board, expressly subject to formal approval by the Common Council of the City of Richmond, Indiana, approves the additional appropriation by the Common Council of $254,000 to the 2015 budget of the Richmond Sanitary District's 308 Landfill account. Passed and Adopted this day of November, 2015, by the Board of Sanitary Commissioners of the Richmond Sanitary District of the City of Richmond, Indiana. BOARD OF SANITARY COMMISSIONERS OF THE RICHMOND SANITARY DISTRICT Greg Stiens, Member A est: LZ 'V Denise Johnson, ording Secretary