HomeMy WebLinkAbout1998- 8 Making Supplemental Appropriations from the Town of Vail General Fund, Heavy Equipment Fund, and Others of the 1998 Budget and Financial Plan; and Authorizing the Expenditures of Said Appropriations as Set Forth Herein.:r F
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ORDINANCE NO. 8
SERIES OF 1998
AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS FROM THE TOWN OF
VAIL GENERAL FUND, HEAVY EQUIPMENT FUND, PARKING STRUCTURE FUND,
HOUSING FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND,
AND FACILITY MAINTENANCE FUND, OF THE 1998 BUDGET AND THE FINANCIAL
PLAN FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE EXPENDITURES
OF SAID APPROPRIATIONS AS SET FORTH HEREIN; AND SETTING FORTH DETAILS IN
REGARD THERETO.
WHEREAS, contingencies have arisen during the fiscal year 1998 which could not have been
reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 20,
Series of 1997, adopting the 1998 Budget and Financial Plan for the Town of Vail, Colorado; and,
WHEREAS, the Town has received certain revenues not budgeted for previously; and,
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 Town 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:
1. 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 1998 Budget and Financial
Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriations as
follows:
FUND AMOi JNT
General Fund $1,889, 560
Facility Maintenance Fund 26,000
Heavy Equipment Fund 167,737
Parking Structure Fund 280,000
Housing Fund 4,041,692
Capital Projects Fund 1,361,388
Real Estate T rarisfer Tax Fund 239_UU9
$8,005,386
2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any
reason held to be invalid, such decision shall not affect the validity of the remaining portions of this
ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part,
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ection, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more
parts, sections, subsections, sentences, clauses or phrases be declared invalid.
3. The Town Council hereby finds, determines, and declares that this ordinance is
necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants
thereof.
4. The repeal or the repeal and reenactment of any provision of the Municipal 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
ordinance previously repealed or superseded unless expressly stated herein.
5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith
are repealed to the extend only of such inconsistency. This repealer shall not be construed to revise
any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed.
INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL
ON FIRST READING this 19th day of May, 1998, and a public hearing shall be held on this
Ordinance on the 2nd day of June, 1998, at 7:30 p.m. in the Council Chambers of the Vail Municipal
Building, Vail, Colorado.
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Ludwig Kurz~.~layor Pro-Tem
ATTEST:
het~elei Donaldson, 'own Clerk
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READ AND APPROVED ON SECOND READING AND ORDE~D PUBLISHED
this 2nd day of June, 1998. `~
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!` Robert E. Ford, Mayor
A11b T:
orel i Donaldson, Town Clerk
c:lorinance96.8