HomeMy WebLinkAbout1970-18 1st Budget Supplemental for 1970t i • t.
ORDINANCE N0. ~.
A SUPPLEMENTAL ORDINANCE AUTHORIZING THE EXPEND-
ITURES OF FUNDS BY THE TOWN OF VAIL IN EXCESS
OF THE TOWN BUDGET FOR 1970, AND DECLARING AND
DEFIPIING THE EMERGENCY FOR SUCH APPROPRIATION.
WHEREAS, numerous contingencies have arisen during
the fiscal year 1970, which could riot have been reasonably fore-
seen or anticipated by the Board of Trustees at the time of the
adoption of the budget for the year 1970; and
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 ex-
panded at a greater rate than previously anticipated; and
WHEREAS, the Town has incurred obligations for munic-
ipal purposes, including the paving of streets and public work
projects; and
WHEREAS, the Town has previously adopted a budget
which has not taken into consideration the increased revenues
received by the municipality this fiscal year, nor has said
budget taken into consideration the increased expenditures nec-
essary to provide adequate municipal services for the Town, in-
cluding the paving of streets and a municipal parking lot; and
WHEREAS, due to the contingencies which could not have
} been foreseen at the time of the adoption of the Town's budget,
the Board of Trustees considers an emergency exists and that
,emergency appropriations and expenditures be authorized as here-
,inbelow 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, the sum of 570,000.00.
Section 2. That there is hereby authorized the ex-
penditure of the sum of $70,000.00, for the fiscal year 1970,
for street and parking lot construction and paving, as well as
for lighting and landscaping of parking lot area.
Section 3. Emergency The Board of Trustees finds and
determines that the passage of tYiis ordinance is necessary for the
immediate preservata.on cf the n~.~blic health and safaty of the
inhabitants of the `I'oi-?n of Vacs, and that this ordinance shall.
become effective Five (5) days after publication.
READ, PASSED, ADOPTED AND ORDERED PUBLISHED $his
~~ day of December, 1970. ~1
ATTEST:
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