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HomeMy WebLinkAbout1998-17 Annual Appropriation Ordinance: Adopting a Budget and Financial Plan and Making Appropriations to Pay Costs, Expenses, and Liabilities of the Town of Vail for 1999_ ~
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"i11/ ORDINANCE NO. 17
• SERIES OF 1998
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 ITS
FISCAL YEAR JANUARY 1,1999, THROUGH DECEMBER 31, 1999, AND
PROVIDING FOR THE LEVY ASSESSMENT AND COLLECTION OF TOWN ~AD
VALOREM PROPERTY TAXES DUE FOR THE 1998 TAK YEAR AND PAYABLE IN
THE 1999 FISCAL YEAR.
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 1999 and 2000 fiscal years; and
WHEREAS, notice of public hearing on the proposed Town budget and capital program
was published on the 6th of November, 1998, more than seven (7) days prior to the hearing held
on the 17th of November, 1998, 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 1999 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
1998 year and payable in the 1999 fiscal year; and
WHEREAS, it is believed appropriate and fiscally sound for the Town Manager to
present the budget and financial plan for 2000 to be considered by the Town Council to provide a
complete financial plan on a biennial basis.
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, 1999, and ending on the 31st day of December, 1999:
FUND AMOUNT
General Fund $16,980,960
Capital Projects Fund 8,632,112
Real Estate Transfer Tax 2,240,932
Parking Structure Enterprise Fund 2,645,664
Heavy Equipment Fund 1,538,721
Dispatch Services Fund 1,110,416
Debt Service Fund 2,334,748
Health Insurance Fund 1,123,657
Vail Marketing Fund 340,000
Booth Creek Debt Service Fund 15,550
Vail Housing Fund 543,631
Facility Maintenance Fund l _843.143
Total: $39,349,534
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Less Interfund Transfers: < 8.644.892>
Net Budget X30.704.642
3. The Town Council hereby adopts the full and complete Budget and Financial Plan
for the 1999 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 1999 fiscal year, the Town Council hereby levies a property
tax of 4.406 mills upon each dollar of the total assessed valuation of $457,629,390 for the 1998
tax year of all taxable property within the Town, which will result in a gross tax levy of
$2,014,729, calculated as follows:
Base mill levy 4.690 $2,144,593
Mill levy credit (.295) (134,894)
Abatement levy .011 5.030
Total mill levy 4.406 $2.014.729
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. The Town Council has considered the budget and financial plan for the fiscal year
January 1, 2000 through December 31, 2000 as presented by the Town Manager, takes no formal
action in regard to it at this time and further directs the Town Manager in accordance with Article
IX of the Charter of the Town of Vail to present the proposed 2000 budget and financial plan for
adoption no later than thirty (30) days prior to the close of the 1999 fiscal year.
6. This Ordinance shall take effect five (5) days after publication following the final
passage hereof.
7. 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, section, 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.
8. 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.
9. 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.
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10.
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All 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.
INTRODUCED, READ ON FIRST READING, APPROVED AND ORDERED
PUBLISHED ONCE IN FULL, this 17th day of November, 1998..A public hearing shall be held
hereon on the 1st day of December, 1998, at the regular meeting of the Town Council of the
Town of Vail, Colorado, in the Municipal Building of the To
~~~~ N OF ~. ~ii,,~...
;' ~_ Robert E. Ford, Mayor
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ATTEST:
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Larelei onaldson, Town Clerk
READ AND APPROVED ON SECOND READING D ORDERED PUBLISHED in
this I st day of December, 1998.
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~; E A ~ - Robert E. Ford, Mayor
ATTEST: `,=~
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Lorelei Donaldson, Town Clerk
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