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HomeMy WebLinkAbout1987-20 Making Supplemental Appropriations From the Town of Vail Capital Projects Fund, and the Real Estate Transfer Tax Fund of the 1987 Budget and Financial Plan'~ ,~ ORDINANCE N0. 20 Series of 1987 AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS FROM THE TOWN OF UAIL CAPITAL PROJECTS FUND, AND THE REAL ESTATE TRANSFER TAX FUND OF THE 1987 BUDGET AND FINANCIAL. PLAN FOR THE TOWN OF VAIl~, COLORADO; AND AUTHORIZING THE EXPENDITURES OF SAID APPROPRIATIDNS AS SET FORTH HEREIN. WHEREAS, contingencies have arisen during the fiscal year 1987 which could not gave been reasonably foreseen or anticipated by the Down Council at the time it enacted Ordinance No. 29, Series of 1986, adopting the 1987 Budget and Financial Plan for the Town of Vail, Colorado; ar~d WHEREAS, the Town has received certain revenues not budgeted far previously; and WHEREAS, the Town Manager had certified to the Town Council that sufficient funds are available to discharge the appropriations referred to herein, not otherwise reflected in tf~e Budget, in accordance with Section 9.10(a) of the Charter of the Town of Vail; and WHEREAS, in order to accomplish the foregoi~rg, the Tnwn Council finds that it should make certain supplemental appropriations as set forth herein. NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, that: Pursuant to Section 9.10(a) of the Charter of the Town of Vail, Colorado, the Town Council hereby makes the following supplemental appropriations for the 1987 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriations as follows: FUND AMOUNT Capital Projects Fund $512,900 Real Estate Transfer Tax Fund 379,100 TDTAL $892,000 INTRODUCED, READ AND APAROVED DN FIRST READING THIS 16th day of June 1987, and a public hearing shall be held on this ordinance on the 16th day of June 1987, at 7:30 p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado. .~ Ordered published in full this ATTEST: ~~~~. Pamela A. Brandmeyer, Tow Clerk 16th day of ~)une ! [~~~-. Paul R, ~lohnst ~i, Mayor 1987. INTRODUCED, READ AND AAPRDUED DN SECOND READING AND ORDERED PUBLISHED title only this 7th day of July , 1987. ` ~~ ~~G ~ ~ ~ ~~~--~ ~ \ ~r'~ Kent R. 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