HomeMy WebLinkAbout2010-18 4th Budget Supplemental 2010 1 '
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I ORDINANCE NO. 18
SERIES OF 2010
AN ORDINANCE MAKING BUDGET ADJUSTMENTS TO THE TOWN OF VAIL GENERAL
FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND, HEALTH
INSURANCE FUND AND DEBT SERVICES FUND OF THE 2010 BUDGET FOR THE TOWN
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OF VAIL, COLORADO; AND AUTHORIZING THE SAID ADJUSTMENTS AS SET FORTH
HEREIN; AND SETTING FORTH DETAILS IN REGARD THERETO.
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WHEREAS, contingencies have arisen during the fiscal year 2010 which could not have
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been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No.
19, Series of 2009, adopting the 2010 Budget and Financial Plan for the Town of Vail, Colorado;
and,
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WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are
E 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 r
certain budget adjustments as set forth herein.
NOW, THEREFORE, BE IT ORDAINED, BY THE TOWN COUNCIL OF THE TOWN OF
VAIL, COLORADO that:
1. Pursuant to Section 9.1 0 a of the Charter of the Town of Vail Colorado the Town
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Council hereby makes the following budget adjustments for the 2010 Budget and Financial Plan for
the Town of Vail, Colorado, and authorizes the following budget adjustments:
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General Fund $(142,622)
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Capital Projects Fund $ 100,708
Real Estate Transfer Tax Fund $ 600,078
Health Insurance Fund $ 425,000
Debt Service Fund $(121,081)
Total $ 862,083
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2. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any
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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.
Ordinance No. 18, Series of 2010
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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
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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. g
5. 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, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL ON
t FIRST READING this 16th day of November, 2010, and a public hearing shall be held on this
Ordinance on the 7th day of December, 2010, at the regular meeting of the Town Council of the
Town of Vail, Colorado, in the Municipal Building of the town.
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DSO Dick Clevel , Mayor
ATTEST:
rel Donaldson, Town Clerk w
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READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED IN FULL this 7th
day of December 2010.
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,, 4rell Donaldso ,Town Clerk
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Ordinance No. 18, Series of 2010
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