HomeMy WebLinkAbout1982-43 Annual Appropriation Ordinance: Adopting a Budget and Financial Plan and Making Appropriations to Pay the Costs, Expenses, and Liabilities of the Town of Vail for 1983~}` e
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`'~'~ ~4 ORDINANCE #43
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~=~~ ~ ~;. ;. ~ '~ ANNUAL APPROPRIATION ORDINANCE ;
ADOPTING A BUDGET AND FINANCIAL
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vail, cuicr::u~:~ oiv:i7 TO PAY THE COSTS , EXPENSES , AND
office of sown cler!< LIABILITIES OF THE TOWN OF VAIL.
COLORADO, FOR ITS FISCAL YEAR
JANUARY 1, 1983, THROUGH DECEMBER
31, 1983, AND PROVIDING FOR THE LEVY
ASSESSMENT, AND COLLECTION OF TOWN
AD VALOREM PROPERTY TAXES DUE FOR
THE 1982 TAX YEAR AND PAYABLE IN
THE 1983 FISCAL YEAR; AND FEDERAL
REVENUE SHARING PROGRAMS.
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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 and a proposed budget and financial plan for all Town funds
and activities for the 1983 fiscal year; and
WHEREAS, notice of the public hearing on the proposed Town
budget and capital program was published on the 26th day of
November, 1982, more than seven days prior to the hearing held on
the 7th day of December, 1982, pursuant to Section 9.5 of the
Charter; and
WHEREAS, it is necessary for the Town Council to adopt a
budget and financial plan for the 1983 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 1982 tax year and payable in the 1983
fiscal year;
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE
TOWN 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.
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(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 the first
day of January, 1983, and ending on the 31st day of December, 1983:
FUND AMOUNT
General Fund $5,723,800
Open Space/Capital Improvements Fund 3,510,300
Recreation Amenities Fund 50,000
Transportation Center Operating Fund 620,900
Dobson Arena Operating Fund 328,500
Recreation Program Operating Fund 406,100
Federal Revenue Sharing Fund 46,200
Real Estate Transfer Tax 2,104,900
Heavy Equipment Service Fund 805,800
Special Parking Assessment Fund 5,000
Street Use Tax Fund 248,000
Debt Service Fund 3,535,400
Total $17,384,900
Less: Intergovernmental
Transfers 4,882,900
Total Budget 12,502,200
(3) The Town Council hereby adopts the full and complete
Budget and Financial Plan for the 1983 fiscal year for the Town of
Vail, Colorado, which are incorporated by reference herein and made
parts hereof, and copies of said public records shall be made avail-
able to the public in the Municipal Building of the Town.
(4) For the purpose of defraying part of the operating
expenses of the Town of Vail, Colorado, during its 1983 fiscal year,
the Town Council hereby levies a property tax of 13.50 mills upon
each dollar of the total assessed valuation of $104,050,430 for the
192 tax year of all taxable property within the Town, which will
result in a gross tax levy of $1,404,681, said assessment shall be
duly made by the County of Eagle, State of Colorado, and directs
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Revised Statutes (1973, as amended) and as otherwise required by
law.
(5) This ordinance shall take effect five days after
publication following the final passage hereof.
INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED
PUBLISHED ONCE IN FULL, this 7th day of December, 1982, and a public
hearing on this ordinance shall be held at a special meeting of the
Town Council of the Town of Vail, Colorado, on the 17th day of December,
1982, at 9:00 a.m, in the Municipal Building of the Town of Vail.
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Rodney E . SIYi f er ; NYayor
ATTEST:
Colleen M. Kline, Town Clerk
INTRODUCED, READ ON SECOND READING, APPROVED
AND ORDERED PUBLISHED
day of December, 1982.
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Rodney E. fifer, Mayor
ATTEST:
Colleen M. Kline, Town Clerk
THIS 17th
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