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HomeMy WebLinkAbout1976-35 Annual Appropriation Ordinance: Adopting A Budget and Financial Plan and Making Appropriations to pay the Costs, Expenses, and Liabilities for the Town of Vail for Its Fiscal Year January 1, 1977 Through December 21, 1977~. ~ ti • ~ 4 ~ • /~ ORDINANCE DIO. ~~.:.~ Series of 1976 ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL PLAN AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIABILITIES OF THE TOWN OF VAIL, COLORADO, FOR ITS FISCAL YEAR JANUARY 1, 1977, THROUGH DECEMBER 31, 1977, AND PROVIDING FOR THE LEVY, ASSESSMENT, AND COLLECTION OF TOWN AD VALOREM PROPERTY TAXES DUE FOR THE 1976 TAX YEAR AND PAYABLE IN THE 1977 FISCAL YEAR WHEREAS, in accordance with Article IX of the Charter of the Town of Vail, Colorado, the Town Manager prep ared 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 1977 fiscal year; WHEREAS, notice of the public hearing on the proposed Town budget and capital program was published on the 30th day of November, 1976, more than seven days prior to the hearing held on the 7th day of December, 1976, 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 1977 fiscal year, to make appropriations for the amounts specified in the budget, and to provide for the levy, assess- ment, and collection of Town ad valorem property taxes due for the 1976 tax year and payable in the 1977 fiscal year; NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TO[~TN OF VAIL, COLORADO, THAT: (1) The procedures prescribed in Article IX of the Charter of the Town of Vail, Colorado, for the enactment hereof have been fulfilled. (2) 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 ~• • ~ • ~ • ~ Ord . ~ Page 2 the 1st day of January, 1977, and ending on the 31st day of December, 1977: General Fund $2,125,309 Open Space/Capital Improvements Fund 1,237,000 Recreational Amenities Fund 92,200 F d l R h i e era evenue S ar ng Fund 16,432 Antholz Land Acquisition Fund -0- Transportation Center Operating Fund 214,800 Teen Center Grant Fund 34,282 Heavy Equipment Fund 154,860 Debt Service Fund 765,000 $4,639,883 Less: Interfund Transfer s ( 942,560) Total Budget - All Funds $3,697,323 (3) The Town Council hereby adopts the full and com- plete Budget and Financial Plan for the 1977 fiscal year for • the Town of Vail, Colorado, and the Long-Range Capital Program (1977) 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. (4) For the purpose of defraying part of the opera- ting expenses of the Town of Vail, Colorado, during its 1977 fiscal year, the Town Council hereby levies a property tax of 4.4 mills upon each dollar of the total assessed valuation of $44,749,510 for the 1976 tax year of all taxable property within the Town, which will result in a gross tax levy of $196,898, 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 law. • ~ • Ord . ~~ Page 3 i• (5) This ordinance shall take effect five davs after publication following the final passage hereof. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 7th day of December, 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 21st day of December, 1976, at 7:30 P.M., in the Municipal Building of the Town. >~ ,~ q F Mayor ATTEST : ,~ " Town Clerk I • i• •• Ord. 35, 1976 Page 4 ., ~, INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING, ORDERED PUBLISHED BY TITLE ONLY this 21st day of December, 1976. i• ATTEST: r ~,~~~1 Town C ]~~ / ~~~ TOWN OF VAIL, C ORADO ~" i ~r i•