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HomeMy WebLinkAbout1994-23 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 1995N ~ R Revised ORDINANGE NO. 23 SERIES OF 1994 • 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 1TS FISCAL YEAR JANUARY 1, 1995, THROUGH DECEMBER 31, 1895, AND PROVIDING FOR THE LEVY ASSESSMENT AND COLLECTION OF TOWN AD VALOREM PROPERTY TAXES DUE FOR THE 1994 TAX YEAR AND PAYABLE IN THE 1995 FISCAL YEAR. WHEREAS, in accordance with Article EX of the Charter of the Town of Vail, Colorado, the Town Manager prepared and submitted to the Town Council a proposed Fong-range capital program for the Town and a proposed budget and financial plan for all Town funds and activities for the 1995 fiscal year; and WHEREAS, notice of public hearing on the proposed Town budget and capital program was published on the 1st day of November, 1994, more than seven (7} days prior to the hearing held on the 1st day of November, 1994, pursuant to Section 9.5 of the Charter; and WHEREAS, i# is necessary far the Town Council to adopt a budget and financial plan for the 1995 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 far the 199 year and payable in the 1995 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. 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, 1995, and ending on the 31st day of December, 1995: FUND AMOUNT General Fund 534,450,556 Capital Projects Fund 10,412,943 Real Estate Transfer flax 2,108,752 Parking Structure Fund 1,971,293 Heavy Equipment Fund 1,729,976 Police Confiscation Fund 201,464 Debt Service Fund 2,979,903 Health Insurance Fund 1,059,405 Vail Marketing Fund 838,500 Booth Creek Debt Service Fund 6$,000 Vail Housing Fund 30,000 Facility Maintenance Fund 1,641,254 'dotal : 37, 387, 044 Less Interfund Transfers: <6.275.414> Net Budget $31,111,630 prdinance Nn. 23, 1 series of issa 3. The Town Council hereby adopts the full and complete Budget and Financial Plan for the 1995 fiscal year for the Town of Vail, Colorado, which are incorporated by reference herein and made part 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 operating and capital expenses of the Town of Vail, Colorado, during its 1995 fiscal year, the Town Council hereby levies a property tax of 4.69 mills upon each dollar of the total assessed valuation of $357,888,154 far the 1993 tax year of all taxable property within the Town, which will result in a gross tax levy of $1,678,495. Said assessment shall be duly made by the County of Eagle, State of Colorado, as directed by the Colorado Revised Statutes {1973 as amended}, and as otherwise required by law. 5. This Ordinance shall take effect five (5} days after publication following the final passage hereof. 6. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shat! not affec# the validity of the remaining portions of this ordinance; and the Tawn Council hereby declares it would have passed #his ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one ar more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 7. The Town Council hereby finds, determines, and declares that this nrdinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 8. The repeal or the repeal and reenactment of any provision of the Municipa! Code of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any nrdinance previously repealed or superseded unless expressly stated herein. 9. Ali bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. Ordinance No. 23, 2 series 4t issa . ~ r s • INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED PUBLISHED ONCE IN FULL, this 1st day of November, 1994. A public hearing shall be held hereon on the 15th day of November, 1994, at the regular meeting of the Town Council of the Tawn of Vail, Colorado, in the Municipal Building of the Town. Margaret A. Osterfoss, Mayor A T: ~ ,LQ~ HoNy cCutcheon, Tawn Clerk READ AND APPROVED ON SECOND READING AND ORDf=RED PUBLISHED tic ~Lc.c,[.L this 15th day of November, 1994. Margaret~~. Osterfoss, Mayor ' T: . ~71,~- Q.t~ ~1iC~1'1 Holly McCutcheon, Town Clerk prd+nance No. 23, 3 Series a! 1994 n m Q ~ ~ Q ~ ~ n m -~. o ~ ~~ d O i2 ~ ~ Q. ~ 0 0 ~~ o O Q ~ 4 3 ~C O 0 fl C n Q O ~o ~ O C O ~~m~~ 3"~~-~~ ;~~°Q~ m ~~~ o,~.~*-~et 1 o ~, v c o, . E ~,~'. 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