HomeMy WebLinkAbout1977-24 Making a Supplemental Appropriation from the Recreational Amenities Fund of the 1977 Budget and Financial Plan_. ~
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ORDINANCE NO.
Series of 1977
AN ORDINANCE MAIiTNG A SUPPLEMENTAL
APPROPRIATION FROM THE RECREATIONAL
AP~IENITIES FUND OF THE 1977 BUDGET
AND FINANCIAL PLAN FOR THE TOWi`d OF
VAIL, COLORADO, AND AUT~30RIZTNG THE
EXPENDITURE OF SAID APPROPRIATION AS
SET FORTH HEREIN
WHEREAS, contingencies have arisen during the fiscal
year 1977 which could not have been reasonably foreseen or
anticipated by the Town Council at the time it enacted Ordi-
nance No. 35, Series of 1976, adopting the 1977 Budget and
Financial Plan for the Town of Vail, Colorado;
WHEREAS, 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 Recreation Fee
revenues received by the municipality this fiscal year, nor
has said Budget taken into consideration the increased expendi-
tunes required to purchase land to serve as a parking lot for
the Vail Municipal Golf Course;
WHEREAS, the Town ;tanager has certified to the Town
Council that sufficient funds are available to discharge the
appropriation referxed to herein, not otherwise reflected in
the Budget, in accordance with Section 9.10(a) of the Charter
of the Town of Vail;
WHEREAS, the Town Council finds that it is in the
interest of the Town to fund the above mentioned purchase; and
WHEREAS, in order to accomplish the foregoing, the
Town Council finds that it should make a supplemental appro--
priatian from the Recreational Amenities Fund;
NOW, THEREFORE, BE IT ORDAINED BY THE TO~~IN COUNCIL
OF THE TOGVN OF VAIL , COLORADO , TEiAT
{1) Pursuant to Section 9.10{a) of the Charter of
the Town of Vail, Colorado, the Town Council hereby makes a
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ORD. Page 2
supplemental appropriation in the sum of $67,420.00 from the
Recreational Amenities Fund of the 1977 Budget and Financial
Plan for the Town of Vail, Colorado, and authorizes the expend-
iture of said appropriation for the purchase of one acre of the
former Sunburst property from First of Denver P~ortgage Investors
for use as a parking lot for the Vail Municipal Golf Course.
(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 purchase for
which funds are appropriated herein.
(3) Upon its enactment this ordinance shall be an
amendment to the 1977 Annual Appropriation Ordinance, Ordinance
No. 35, Series of 1976, of the Town of Vail, Colorado.
INTRODUCED, READ ON FIRST READIP°~G, APPROVED, AND
ORDERED PUBLISHED ONCE IN FULL, this 20th day of September, .1977,
and a public hearing on this ordinance shall be held at the
regular meeting of the Town Council of the Town of Vail, Colo-
rado, on the 4th day of October, 1977, at 7:30 P.M, in the
Municipal Building of the Town.
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'gown Clerk
INTRODUCED, READ, ADOPTED AND ENACTED ON SECOND READING AND ORDERED
PUBLIS{~ED BY TITLE ONLY THIS 4th DAY OF OCTOBER, X977.
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TOWN CLERK
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town of vail
box 100
vail, Colorado 81fi57
(3031 476-5613
Town Council
Town of Vail, Colorado
P. 0. Box i00
Vail, Colorado 81657
office of the town manager
October 4, 1977,
Re: Supplemental appropriation from the Recreational
Amenities Fund far purchase of land to serve as
a parking lot for the Vail Municipal Golf Course
Councilmembers:
Pursuant to Section 9,10 (a) of the Charter of the Town of
Vail, Colorado, T 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 1977 Budget and Financial Plan for
the Town of Vail which will enable the Tawn Council to make
a supplemental appropriation of $67,420.00 from the Recrea-
tional Amenities Fund for the purchase of one acre of land
to serve as a parking lot for the Vail Municipal Golf Course.
Accordingly, Y recommend that the Town Council promptly
enact a supplemental appropriation ordinance for this~purT
pose.
Sincerely,
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Terrell J. finger
Town Manager
TJM/sjm
Sub~~,cr~.bed and swoxn to before me
~tlliis 4th day of October, 1977.
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2(..QR.G~--PROS
~~County ~of E~ag e, State of Colorado
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