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HomeMy WebLinkAbout1975-25 Annual Appropriation Ordinance. , ^-~ ORDINANCE NO. 25 Series of 1975 ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL PLA?1 AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIA$ILITTES OF THE TOWN OF VATL, CDLORADO, FOR TTS FISCAL YEAR JANUARY 1, 1976, THROUGH DECEMBER 31, 1975, AND PROVIDING FOR THE LEVY, ASSESSMENT, AND COLLECTION OF TOWN AD VALOREM PROPERTY TAXES DUE FOR THE 1975 TAX YEAR AND PAYABLE IN THE 1976 FISCAL YEAR WHEREAS, in accordance with Article IX of the Charter of the Town of Vail, Colorado, the Town Manager prepared and submitted to the Town Council a proposed long-range capital program for the Town of Vail, Colorado, hereinafter referred to as the "Town", and a proposed budget and financial plan for all Town funds and activities for the 1976 fiscal year; WHEREAS, notice of the public hearing on the proposed Town budget and capital. program was published on the 21st day of November, 1975, more than seven days prior to the hearing held on the 1st day of December, 1975, pursuant to Section 9.5 of the Charter; and WHEREAS, it is necessary for the Town Council to adopt a long-range capital program and the budget and financial plan for the 1976 fiscal year, to make appropriations for the amounts specified in the budget, and to provide for the levy, assessment, and collection of Town ad valorem property taxes due for the 1975 tax year and payable in the 1976 fiscal year; NOW, THEREFORE, BE TT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VATL, COLORADO, AS FOLLOWS: Section 1. Title. This ordinance shall be known as the "Annual Appropri- anon Ordinance Adopting 1976 Budget and Financial Plan for the Town and Providing for the Levy, Assessment, and Collection of Town Ad Valorem Property Taxes Due for 1975 Tax Year". ~~[~ .,. Town clerk i .~- '~ -- ~ r Ord. 25, 1975 Page 2 Section 2. Enactment Procedures Fulfilled. The procedures prescribed in Article IX of the Charter of the Town of Vail, Colorado, for the enactment hereof have been fulfilled. Section 3. Annual Appropriations for 1976 Fiscal Year. Pursuant to Article IX of the Charter, the Town Council hereby makes the following annual appropriations for the Town of Vail, Colorado, for its fiscal year beginning on the lst day of January, 1.976, and ending on the 31st day of December, 1976: General Fund $1,697,565.00 Open Space/Capital Improvements Fund 1,038,512.00 Recreational Amenities Fund 76,000.00 Federal Revenue Sharing Fund 14,050.00 Antholz Land Acquisition Fund 4,635.00 Transportation Center Operating Fund 186,315.00 Teen Center Grant Fund 31,503.00 Heavy Equipment Fund 168,200.00 Debt Service Fund 725,515.00 $3,942,295.00 Less: Interfund Transfers ( 893,715.00) Total Budget - All Funds $3,048,580.00 Section 4. Adoption of 1976 Budget and Financial Plan and Lang-Range Capital Program (1976). The Town Council hereby adopts the full and complete Budget and Financial Plan for the 1976 fiscal year for the Town of Vail, Colorado, and the Long--Range Capital Program (1976} for the Town, which are incorporated by reference herein and made parts hereof, and copies of said public records shall be made available to the public in the Municipal Building of the Town. Town,Clerk Ord. 25, 1975 page 3 Section 5. Levy, Assessment, and Collection of Town Ad Valorem Property Taxes Due .for 1975 Tax Year and Pay- able in 1976 Fiscal Year. For the purpose of defraying part of the opexatinq expenses of the Town of Vail, Colorado, during its 1976 fiscal year, the Town Council hereby levies a property tax of 5.4 mills upon each dollar of the total assessed valuation for the 1975 tax year of all taxable property within the Town, said assessment having been duly made by the County of Eagle, State of Colorado, and directs the Finance Director to certify said tax levy to the County of Eagle for collection pursuant to Title 39, Colorado Revised Statutes 1973, as amended, and as otherwise required by Iaw. Section 6. Effective Date. This ordinance shall take effect five days after pub- lication following the final passage hereof. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 2nd day of December, 1975, 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 16th day of December, 1975, at 7;30 P.M., in the Municipal Building of the Town. i ,' ,. ATTEST : ! , 5 i, ~ ,f Town C 1 ~~k 1 C1 ~;' r~ ~ ~ ~_. Mayor `' /,, -- Ord. 25, 1975 Page ~ INTRODUCED, READ ON SECOND READING, APPROVED, ENACTED, AND ORDERED PUBLISHED ONCE IN FULL, this 16th day of December, 1975. ATTEST: ~~ ~ a,it _ ~,~~,,~~ Town lerk v C _ , Nlavor ~t C] O ~. o' k 'O ~r r ~~ ~~ r cD '\`, ~ ~ r. ~ ~ ~ n O = ca a 0 o a ~, a w O ~ O _~ ~ o }, m "h ~~ .~ a o n ~, ~ ?'~ 'a ~~~' '~~~ r, ~. i ~ r ,1 ~. ~ ~, 1~ m 4~ . '~~ o. 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