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Home My WebLink About1968-18 1st Budget Supplemental for 1968} ,i ORDINANCE N0. ~8 Series of 1968 _' A SUPPLEMENTAL ORDINANCE AUTHORIZING THE EXPEN- DITURES OF FUNDS BY THE TOWN OF VATL IN EXCESS OF THE TOWN BUDGET FOR 1965, AND DECLARING AND DEFINING THE EMERGENCY FOR SUCH APPROPRIATION. WHEREAS, the Town of Vail has received certain revenues not budgeted for previously; and WHEREAS, the population of the Town of Vail, and the use and demand for municipal services within the Town, has expanded at a greater rate than previously anticipated; .and WHEREAS, the Town has been obligated to expend addi- tional funds for the purpose of completing a street paving project ; and WHEREAS, the Town has previously adopted a budget which has not taken into consideration the increased revenues received by the municipality this calendar year, nor has said budget taken into consideration the increased expenditures necessary to provide adequate municipal services for the Town, including the necessary street paving project referred to above; and WHEREAS, by reason of said facts and the Town`s municipal obligations thereunderi!the Board of Trustees considers an emergency exists' and that emergency appropriations and ex- penditures be authorized as hereinbelow provided. BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF VAIL, COLORADO: Section 1. There is hereby appropriated to the general fund (subsection Street Maintenance), the sum of $31,000.00. Section 2. That there is hereby authorized the expen- diture of the sum of $31,000.00, during the year 1968, for general municipal purposes and, in particular,' for street main- tenance and paving. Section 3. Emergency. The Board of Trustees finds and determines that the passage of this ordinance is necessary for tr immediate preservation of the public health and safety of the inhabitants of the Town of Vail, and that this ordinance shall become effective Five (5) days after publication. READ, PASSED, ADOPTED AND ORDERED PUBLISHED this 23rd day of December, 1968. .. ~, ATTEST: / ayor ~~i~l~'~"` L~ fi own Clerk ~ r