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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: owr. Cle~r~]~"~ in ~