HomeMy WebLinkAbout1978-40 Making Supplemental Appropriation From the Open Space/Capital Improvements Fund of the 1978 Budget and Financial Plan~-• ~"~
ORDINANCE N0. ~`~
Series of 1978
AN ORDINANCE MAKING A SUPPLEMENTAL
APPROPRIATION FROM THE OPEN SPACE/
CAPITAL IMPROVEMENTS FUND OF THE 1978
BUDGET AND FINANCIAL PLAN FOR THE TOWN
OF VAIL, COLORADO; AND AUTHORIZING THE
EXPENDITURE OF SAID APPROPRIATION AS
SET FORTH HEREIN
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WHEREAS, contingencies have arisen during the fiscal
year 1978 which could not have been reasonably foreseen or
anticipated by the Town Council at the time it enacted Ordinance
No. 35, Series of 1977, adapting the 1978 Budget and Financial
Plan for the Town of Vail, Colorado;
WHEREAS, the Town has received certain revenues not
budgeted for previously;
WHEREAS, the Town Manager has certified to the Town
Council that sufficient funds are available to discharge the
appropriations referred to herein, not otherwise reflected in
the Budget, in accordance with Section 9.10(a) of the Charter
of the Town of Vail; and
WHEREAS, in order to accomplish the foregoing, the
Tawn Council finds that it should make a supplemental appropria-
tion from the Open Space/Capital Improvements Fund;
NOW, THEREFORE, BE IT ORDAINED Bx 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 supple-
mental appropriation in the sum of $250,000 from the Open Space/
Capital Improvements Fund of the 1978 Budget and Financial Plan
for the Town of Vail, Colorado, and authorizes the expenditure of
said appropriation for the purchase of the Gondola I Plaza from
Vail Associates, Tnc.
(2) The Town Council hereby ratifies or authorizes
the negotiation of any contracts or other necessary instruments
to carry out the purpose for which funds are appropriated herein,
r`
` Ord. rage 2
and the expenditure of the funds x'elating to this suppleanental
appropriation.
(3) Upon its enactment this ordinance shall be an
ti
amendment to the 1978 Annual Appxapriation Ordinance, Ordinance
No. 35, Series of 1977, of the Tawn of Vail, Colorado.
INTRODUCED, READ ON FIRST READING, APPROVED, AND
ORDERED PUBLISHED ONCE IN FULL, this 7th day of November, 1978,
and a public hearing on this ordinance shall be held at the
regular meeting of the Town Council of the Town of Vail, Colorado,
on the 21st day af' November, 1978, at 7:30 P.M. in the i~!iunicipal
Building of the Town.
~~
~ s~~
Mayo-r J ~"" `_ ~
ATTEST:
Town Clerk
INTRODl1CED 0~! SECOND READING, READ, APPROVED AND ORDERED pUBLiSNED BY TITLE. ONLY
THIS 2~ST DAY OE NOVEi'~SER,197$.
Ma~~-~ f
ATTEST:
TOWN CLERK
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tawo of nail
box 7 00
veil, Colorado 81657
(3031 476-5613
Town Council
Town of Vail, Colorado
P. O. Box 100
Vail, Colorado 81657
office of the Town manager
November 7, 1978
RE: Supplemental appropriation from the Open Space/Capital
~ Improvements Fund for the purchase of the Gondola I
~' Plaza from Vail Associates, Inc.
,.,
s
~~ 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 fhe Finance Department there are available
for appropriation expected revenues in excess of those estimated
in the 1978 Budget and Financial Plan for the Town of Vail which
will enable the Town Council to make a supplemental appropriation
of $250,000 from the Open Space/Capital Improvements Fund for the
purchase of the Gondola T Plaza from Vail Associates, Inc.
Accordingly, T recommend that the Town Council promptly enact a
supplemental appropriation ordinance for this purpose.
Sincerely,
Terrell J. Minger
Town Manager
TJM/sjm
Subscribed and sworn to before me
this 7th day of November, 1978.
Notary Public
County of Eagle/State of Colorado
My commission expires:
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