RESOLUTION NO. 2016-32

 

A RESOLUTION IN SUPPORT OF THE OIL AND GAS INDUSTRY

 

WHEREAS, oil and natural gas production and the jobs and economic activity it generates is a proven pillar of the Colorado economy and led the state out of the Great Recession; and

WHEREAS, oil and natural gas development in Colorado alone generated $31.7 billion for the state economy, contributed $1.2 billion in public tax revenue (equal to $817/household) and supported more than 100,000 jobs in 2014; and

WHEREAS, oil and natural gas development provides over half a billion dollars a year to Colorado school districts, emergency response, water and sanitation, parks and recreation, libraries and other public entities without raising a single tax on Colorado families; and

WHEREAS, reasonable access to oil and natural gas fuels Colorado’s real estate economy, manufacturing economy, homebuilders economy, and the agriculture economy, as well as other industries through non-direct support to provide overall stability and job growth for all Colorado families; and

WHEREAS, after collaboration with state health officials, environmentalists, local communities and industry, over the past six years, Colorado has enacted some of the nation’s most stringent regulations protecting Coloradans’ groundwater, air quality, land, communities, and environment; and

WHEREAS, Colorado was the first state to require both pre- and post-drilling water sampling, as well as methane emission testing, and the state is a national leader in requiring the disclosure of fracking fluid ingredients in a publicly available Internet database; and

WHEREAS, Weld County has over 17,000 active wells producing nearly 90% of the oil in Colorado; and

 

WHEREAS, oil and gas properties are responsible for 66.21% of the assessed valuation of property in Weld County in 2015 at $7,669,479,580; and

 

WHEREAS, the oil and gas industry provided 10,348 jobs in Weld County in 2014 with combined salaries of $767,300,000; now, therefore,

 

            NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF KEENESBURG, COLORADO:

Section 1.       The Town of Keenesburg appreciates the contribution of the oil and gas industry to the State of Colorado, Weld County and Keenesburg. We celebrate the responsible energy production that helps to drive the economy in Weld County.

 

 

            INTRODUCED, READ, and ADOPTED this 18th day of July 2016.

           

 

                                                                                    TOWN OF KEENESBURG, COLORADO

 

 

 

                                                                                    __________________________________

                                                                                    Danny Kipp, Mayor

 

ATTEST:

 

 

 

 

 

___________________________________

Toni Pearl, Town Clerk