HomeMy WebLinkAbout1974- 7 1st Budget Supplemental for 1974
ORDINANCE NO. 7
Series of 1974
AN ORDINANCE MAKING A SUPPLEMENTAL APPROPRIATION
FROM THE GENERAL FUND OF THE 1974 BUDGET AND
FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO
WHEREAS, contingencies have arisen during the fiscal
year 1974, which could not have been reasonably foreseen
or anticipated by the Town Council at the time of the
adoption of the 1974 Budget and Financial Plan of the
Town of Vail, Colorado;
WHEREAS, the Town of_ Vail, Colorado, hereinafter
referred to as the "Town", has received certain revenues
not budgeted for previously;
~ ,
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
necessary to provide adequate municipal services for the
Town;
WHEREAS, the Town Manager has certified to the Town
Council that sufficient funds are available to discharge the
appropriation referred to herein, not otherwise reflected in
the budget, in accordance with Section 9.10 (a) of the Charter
of the Town of Vail, Colorado; and
WHEREAS, due to the aforesaid contingencies the Town
Council considers that it should make a supplemental appropri-
ation for the purposes hereinafter set forth;
2dOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF
THE TOWN OF VAIL, COLORADO, AS FOLLOWS:
• . • . •
Section 1. Title.
This ordinance shall be known as the "Ordinance
Making a Supplemental Appropriation from General Fund of
19 7 4 Town Budget'.' .
Section 2. Supplemental appropriation from General
Fund; authorization for expenditure of said appropriation.
The Town Council hereby makes a. supplemental appropriation
in the sum of $20,000.00 from the Economic Development and
Community Action allocation of the General Fund of the 1974
Budget and Financial Plan for the Town of Vail, Colorado,
and authorizes the expenditure of said appropriation by the
Town Manager as follows:
A. A 1974 donation of $15,000.00 to the Vail Resort
Association.
B. A 1974 donation of $5,000.00 to the Colorado Rivers
Council.
Section 3. Effective date.
This ordinance shall take effect five days after
publication following the final passage hereof.
Section 4. Supplement to Annual Appropriation Ordinance.
Upon its enactment this ordinance is a supplement to
the 1974 Annual Appropriation Ordinance, Ordinance No. 25,
Series of 1973, of the Town of Vail, Colorado.
INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED
PUBLISHED ONCE IN FULL, this 4th day of June, 1974, and a
public hearing on this ordinance shall be held at the regular
meeting of the Town Council of the Town of Vail, Colorado,
on the 18th day of June, 1974, at 7:30 P.M., in the Municipal
Building of the Town.
ATTEu`L'
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Town Clerk
Yor v
• ~ • ~ •
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Ordinance No. 7, Series of 1974
INTRODUCED, READ ON SECOND READING, APPROVED, ENACTED,
AND ORDERED PUBLISHED ONCE IN FULL, this 18th day of June,
1974.
Mayor
ATTEST:
Tow: Cler~/G` /
~ ~ ~ ~ ~
-owo of nail
box 100
vail, Colorado 81657
(303) 476-5613
Town Council
P.O.Box 100
Town of Vail
Vail, Colorado 81657
office of the town manager
June 3, 1974
Re: Supplemental appropriation for 1974 donations
to Vail Resort Association and Colorado Rivers
Council
Sin rely,
M n e L~~~
yell J. g
Town Man ger
Councilpersons:
Pursuant to Section 9.10 (a) of the Charter of the Town of
Vail, Colorado, I hereby certify that based on apparently
reliable information from the Finance Department there are
available for appropriation revenues in excess of those
estimated in the 1974 Budget and Financial Plan of the
Town which will enable the Town Council to make a supple-
mental appropriation of $20,000.00 with which to donate
$15,000.00 to the Vail Resort Association and $5,000.00
to the Colorado Rivers Council.
These donations will be made in accordance with my sound
discretion. Assuming a supplemental appropriation ordinance
is enacted by the council, the appropriation in and of itself
does not necessarily mean that the donations made in 1974
will be in the full sums appropriated for them. As you know
the CRC donation will be paid in monthly installments of
$500.00. The VRA may be paid in monthly or other periodic
installments or in a lump sum in the latter part of 1974.
In due course I will give you a report concerning the
payment of these donations.
Subscribed and sworn to before
me this 3rd day of June, 1974.
~' ~?
Notary Pub is
County of Eagle, State of Colorado
My Commission expires `~lcve~~er 3~, In??
• • •
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CERTIFICATE OF DISPOSITION OF ORDINANCE
IT I~ hiEREBY CERTIFIED purusant to the Charter of the
Town of Vail, Colorado, Article IV, Section 4.14, that Or-
dinance No. ~ - Series of 1974, to the original of
which this certificate is affixed, was duly adopi-ed on second
reading by the Torn Counci I at its regu I ar meeting on the ~l~/W"
day of , 1974, its adopi~ion was authenticated
by the signitures of the ~~layor and the Town Clerk, and said
ordinance was duly published in full after said adoption in
The Va i I Tra i I newspaper ,on the ~/~ day of ,
1974, as indicated by the certificate of publication of said
newspaper which is attached to the original of said ordinance,
and accordingly on the date hereof said ordinance was duly re-
corded in the official records of ordinances of the Town of Vail,
Colorado. f
DATED ; Va i I , Co I orado, this / ~~ day of .f~~~~ 1974.
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