Loading...
HomeMy WebLinkAbout1976-33 Making Supplemental Appropriation from the Open Space/Capital Improvements Fund of the 1976 Budget and Financial Plan• ~ • ,~ ORDINANCE NO. ~.3 Series of 1976 • AN ORDINANCE MAKING A SUPPLEMENTAL APPROPRIATION FROM THE OPEN SPACE/ CAPITAL IMPROVEMENTS FUND OF THE 1976 BUDGET AND FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO, AND AUTHORIZING THE EXPENDITURE OF SAID APPROPRIATION AS SET FORTH HEREIN C' WHEREAS, contingencies hereinafter indicated have arisen during the fiscal year 1976 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 25, Series of 1975, adopting the 1976 Budget and Financial Plan for 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 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 required for the Town's purchase of that parcel of land located in the South 1/2 of Section 3 and the South 1/2 of Section 2, Township 5 South, Range 80 West of the 6th Principal Meridian, Eagle County, Colorado, commonly known as the Katsos Property; 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; WHEREAS, the Town Council finds that it is in the • interest of the Town to fund the above mentioned item; WHEREAS, in order to accomplish the foregoing, the Town Council finds that it should make a supplemental appro- priation in anticipation of receipt of expected revenues; ', • • • Ord. ~~3 Page 2 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, THAT: (1) 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 $20,000.00 from the Open Space/Capital Improvements Fund of the 1976 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriation as earnest money for the purchase of said Katsos Property. (2) The Town Council hereby authorizes and ratifies the execution by the Mayor and the Town Manager of any contracts or other necessary instruments to carry out the acts for which funds are appropriated herein. (3) This ordinance shall take effect five days after publication following the final passage hereof. (4) Upon its enactment this ordinance shall be an amendment to the 1976 Annual Appropriation Ordinance, Ordinance • No. 25, Series of 1975, of the Town of Vail, Colorado. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 19th day of October, 1976, 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 2nd day of November, 1976, at 7:30 P.M. in the Municipal Building of the Town. ATTEST: n • Town Clerk ~ ~ D ~// ~~~~~,L ., 0~ 33 i • • • Page 3 • INTRODUCED, READ ON SECOND READING, ADOPTED AND ORDERED PUBLISHED BY TITLE ONLY this second day of November, 1976. ATTEST: a Town Clerk / ~ i• TOWPJ OF VAIL, COLORADO Mayor r1 U • ~ • ~ • • • town of rail box 100 vail, Colorado 81657 (303) 476-5613 Town Council Town of Vail, Colorado P.0 Box 100 Vail, Colorado 81657 office of the town manager October 19, 1976 Re: Supplemental appropriation from the Open Space/Capital Improvements Fund as earnest money for purchase of the Katsos Property by the Town of Vail. Councilmembers: Pursuant to Section 9.1O(a) 01~ 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 1976 Budget and Financial Plan for the Town of Vail which will enable the Town Council to make a supplemental appropriation of $20,000 from the Open Space/Capital Improvements Fund as earnest money for the purchase of the Katsos Property by the Town of Vail. Accordingly, I recommend that the Town Council promptly enact a supplemental appropriation ordinance for these purposes. Sincerely, ~ ' l errell ~ nger Town Manager Subscriped and sworn to before me this 19th dad; of October, 1976 ~~ G~2-~-~C _h~-~~~~~+-' ~ ~~~o nary Pubi i c / County of Eagle, State of Colorado My commission expires: My ~~~,~-.~,, , .~._`.,, ,." , --, .., .~, i . ~