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BO CA PAGE 943 LEE OUNTY ©ooQn aoooaoo Committed Today for a Better Tomorrow RESOLUTION TO SECURE ALTERNATIVE REVENUE OPTIONS WHEREAS, Lee County has increasing demands for capital improvements for Lee County Public Schools; and WHEREAS, Lee County, with a US Census Bureau certified population of 55,704, is ranked as the 14'' fastest growing county in the State; and WHEREAS, in recent years Lee County has sold general obligation bonds and issued Certificates of Participation (COPS) to pay for school construction and has a total outstanding debt of over $34 million for school projects; and WHEREAS, requested school system capital needs represent over $60 million over the next 5 years; and WHEREAS, under the current local revenue system, the ad valorem property tax is the only significant revenue source of which the County has discretionary control; and WHEREAS, the General Assembly has seen fit to allow alternative revenue options to some Counties that are not available to all; and WHEREAS, Lee County seeks to broaden and diversify the county revenue base to include additional revenue options to satisfy our vast and varied fiscal responsibilities that are subject to economic change. NOW, THEREFORE BE IT RESOLVED that the Lee County Board of Commissioners desires to secure the following revenue options to assist with funding for school construction needs: 1. Up to One-Cent Additional Local Government Sales and Use Tax 2. Local Government Impact Tax 3. Local Government Meals Tax 4. Local Government Land Transfer Tax BE IT FURTHER RESOLVED, that the Lee County Board of Commissioners requests that the legislative delegation representing Lee County strongly advocate for the above revenues sources during the present session of the General Assembly. Adopted~thisA&day.of May 2006. sue? V' rs* Herbert Z A. Hincks, Cha n tr= .'1 0