HomeMy WebLinkAbout1974-22 4th Budget Supplemental for 1974. ! ~ • ~
ORDINANCE N0. 22
Series of 1974
AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS
FROM THE 1974 BUDGET AND FINANCIAL PLAN FOR THE
TOWN OF VAIL, COLORADO
a
WHEREAS, contingencies hereinafter indicated have arisen
during the fiscal year 1974 which could not have been reason-
ably foreseen or anticipated by the Town Council at the time it
enacted Ordinance No. 25, Series of 1973, adopting the 1974
Budget and Financial Plan for the Town of Vail, Colorado;
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 now necessary to
effectuate certain municipal purposes, programs, and functions
and to adequately provide certain municipal services for the
Town;
W1iEREAS, the Town 1~lanager has certified to the Town Coun-
cil that the Town has received revenues in excess of those esti-
mated in the Budget which are available to discharge the appro-
priations 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 said contingencies the Town Council con-
siders that it should make supplemental appropriations for the
purposes hereinafter set forth from various funds of the 1974
Budget as provided herein;
NO`9, 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
Supplemental Appropriations from 1974 Town Budget".
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Section 2. Supplemental appropriation from Capital
Projects Fund; authorization for expenditure of said appro-
priation.
Pursuant to Section 9.10(a) of the Charter of the Town
of Vail, Colorado, the Town Council hereby makes a supplemental
appropriation in the sum of $120,000.00 from the Capital Pro-
jects Fund of the 1974 Budget and Financial Plan for the Town,
and authorizes the expenditure of said appropriation by the
Town Manager for the payment of interest on the General Obli-
gation Bonds, Series March 1, 1974, in the aggregate principal
amount of $5,500,000.00, due the 1st day of December, 1974.
Section 3. Second supplemental appropriation from Open
Space/Capital Improvements Fund; authorization for expenditure
of said appropriation.
Pursuant to Section 9.10(a) of the Charter the Town
Council hereby makes a second supplemental appropriation in
the sum of $120,000.00 from the Open Space/Capital Improvements
Fund of the 1974 Budget and Financial Plan, and authorizes the
expenditure of said appropriation for the purchase by the Town
for cash from Vail Associates, Inc., of Lot 5, Block 1, Vail/
Lionshead Second Filing, Town of Vail, Colorado, 2.71 acres
on which an A-frame building is constructed, said purchase to
be consummated by the Mayor and the Town Manager jointly on
reasonable terms and in a reasonable manner by the 31st day of
December, 1974, or as soon thereafter as practicable.
Section 4. Fourth supplemental appropriation from Gen-
eral Fund; authorization for expenditure of said appropriation.
Pursuant to Section 9.10(a) of the Charter the Town
Council hereby makes a fourth supplemental appropriation in the
sum of $74,560.00 from the General Fund of the 1974 Budget and
Financial Plan, and authorizes the expenditure of said appro-
priation by the Town Manager for the following purposes and
in the following amounts:
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A. Additional heavy equipment rentals $20,000.00
B. Contingency requirements 20,000.00
C. Street cut repairs 9,500.00
D. Traffic control gate 5,000.00
E. Miscellaneous administrative expenses 3,000.00
F. Purchase of Library books 3,000.00
G. Printing of ordinances 2,500.00
H. Additional Building Department expenses 2,000.00
I. Library construction improvements 2,000.00
J. Nature Centre expenses 2,000.00
K. Core area survey 2,000.00
L. Mall plan legal research fee 2,000.00
M. 1973 audit expenses 1,000.00
N. People powered vehicles claim settlement 560.00
Section 5. Second supplemental appropriation from Recre-
ational Amenities Fund; authorization for expenditure of said
appropriation.
Pursuant to Section 9.10(a) of the Charter the Town Coun-
cil hereby makes a second supplemental appropriation in the sum
of $15,000.00 from the Recreational Amenities Fund of the 1974
Budget and Financial Plan, and authorizes the expenditure of
said appropriation by the Town Manager in a reasonable manner
for the construction of a pedestrian and bicycle bridge across
Gore Creek linking the publicly-owned Antholz property with the
eastern extension of Gore Creek Road, a public street in the
Town.
Section 6. Effective date.
This ordinance shall take effect upon the passage hereof
in accordance with Section 9.10(e) of the Charter of the Town.
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Section 7. Amendment to 1974 Annual Appropriation
Ordinance.
Upon its enactment this ordinance shall be an amend-
ment to the 1974 Annual Appropriation Ordinance, Ordinance No.
25, Series of 1973, of the Town of Vail, Colorado.
INTRODUCED, READ, APPROVED, ENACTED TO TAKE EFFECT UPON
FINAL PASSAGE ON THIS DATE, AND ORDERED PUBLISHED ONCE IN FULL
WITHIN TEN DAYS AFTER PASSAGE OR AS SOON AS POSSIBLE, this 5th
day of November, 1974.
ATTEST:
Town C erk ~
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Mayor
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town of uaill%
box 100
vail, Colorado 81657
(303) 476-5613
TOWN COUNCIL
TOWN OF VAIL, COLORADO
P.O. Box loo
VAIL, COLORADO 81657
office of the town manager
NOVEMBER 4, 1974
RE: SUPPLEMENTAL APPROPRIATIONS FROM THE 1974
TOWN BUDGET
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 EXPECTED REVENUES IN EXCESS OF
THOSE ESTIMATED IN THE 1974 BUDGET AND FINANCIAL PLAN FOR THE
TOWN OF VAIL WHICH WILL ENABLE THE TOWN COUNCIL TO MAKE
SUPPLEMENTAL APPROPRIATIONS TOTALLING $329,560.00 FOR VARIOUS
MUNICIPAL PURPOSES, PROGRAMS AND FUNCTIONS DURING THE 1974
FISCAL YEAR.
ACCORDINGLY, I RECOMMEND THAT THE TOWN COUNCIL PROMPTLY ENACT
A SUPPLEMENTAL APPROPRIATIONS ORDINANCE FOR THESE PURPOSES.
SINCERELY,
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TERRELL .1. GER
TOWN MANAGER
SUBSCRIBED AND SWORN TO BEFORE ME THIS
4T!i DAY OF NOVEMBER, 1974.
NOTARY PUBLIC
COUNTY OF EAGLE, STATE OF COLORADO
MY COMMISSION EXPIRES .JUNE 27, 1978