Riverton City Council discussed three Memorandums of Understanding at last night meeting pertaining to the ½-cent tax, air service management and Helgesen LCC’s repavement costs.
Memorandum of Understanding (MOU): Half Cent Tax for Economic Development. The proposed MOU was developed to further specify the use and expenditures of ½ economic development monies collected should the electorate approve the upcoming ballot issue.
If passed 10% of the ½ would go towards ground transportation, 20% towards air transportation, the remaining 70% of the sales tax collected will be distributed, based on population into the county.
In general, this outlines the distribution of funds collected through the proposed ½-cent tax for economic development but also the means by which unexpended funds from communities can be allocated should the funds not be used before the 2024 election. Communities may apply for funds not expended or obligated in a community after the 2024 election.
The MOU was passed by all members of the City Council.
Memorandum of Understanding (MOU): Air Service Revenue Management Subcommittee. The City of Riverton entered into an agreement with the State of Wyoming August 6, 2019 to participate in the Wyoming Commercial Air Service Improvement Program (CASIP) and receive scheduled commercial air service from SkyWest Airlines, Inc. Through CASIP the State of Wyoming pays for 60% of the revenue guarantee total associated with service from SkyWest. The remaining 40% is up to the community to cover.
The City of Riverton and Lander have agreed to contribute funds to the community revenue guarantee requirement for commercial air service. In 2016, the entities, along with Fremont County, established a MOU to oversee the administration of their financial contribution. This MOU was renewed in 2017, 2018, 2019, and 2020.
The changes made are the removal of Fremont County Commissioner as they are not funding for the 2021 year. Lander intends to contribute the sum of $100,000 and Riverton intends to contribute the sum of $200,000 to the MRG for the 2020-2021 fiscal year.
The MOU was passed by all members of the City Council.
Memorandum of Understanding (MOU): Neiberger First Addition Tract B – Pavement Overlay Cost Share. Helgeson, LLC owns the building housing Verizon, Domino’s, and Anew Signature Hair Design, commonly known as 804 North Federal Blvd. They are planning to repave the parking lot to the west of the building; however, were not planning to repave approximately 40 x 100 ft of “common area” used as the access to City Hall and the Veteran’s Park. Helgeson, LLC has agreed to include this portion of the pavement overlay if the City paid 50% of the cost. the total cost or pavement overlay is $9,200. The city would pay $4,600, while Helgeson, LLC Portion is equivalent to that $4,600. The area is located on private property and is not public right-of-way; however, is used by both the City and Helgeson, LLC as owners within the subdivision.
The proposed cost share total of $4,600 was not included in the FY21 budget; therefore, the funding total will need to be de-obligated from existing line item(s) and reallocated to this project. This would be included in a mid-year budget amendment.
The MOU was passed by all members of the City Council.
To watch the entire City Council meeting, click here. You can also read the City Council meeting outline for further explanations of these MOUs.