HomeMy WebLinkAbout2013-01 New Section 2-1-4 Long Range Capital ProgramORDINANCE NO. 1
SERIES 2013
AN ORDINANCE ADDING A NEW SECTION 2 -1-4 TO THE VAIL TOWN
CODE, TO ENSURE ADEQUATE FUNDING FOR THE TOWN'S LONG -
RANGE CAPITAL PROGRAM
WHEREAS, the Town of Vail, in the County of Eagle and State of Colorado (the
"Town "), is a home rule municipal corporation duly organized and existing under laws of
the State of Colorado and the Vail Town Charter;
WHEREAS, on November 6, 2012, the registered electors of the Town of Vail
voted to amend Section 9.4 of the Vail Town Charter, relating to the Town's long -range
capital program;
WHEREAS, Section 9.4 of the Vail Town Charter now requires that each annual
budget include a long -range capital program, with the percentage of revenues to be
allocated to the, long -range capital program as established by ordinance of the Town
Council; and
WHEREAS, to ensure adequate funding for the Town's long -range capital
program, the Council determines that certain aspects of the former Section 9.4 of the
Vail Town Charter should be adopted by ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE
TOWN OF VAIL, COLORADO, THAT:
Section 1. The Vail Town Code is hereby amended by the addition of the
following new Section 2 -1 -4:
2 -1-4: CAPITAL PROGRAM:
Pursuant to Section 9.4 of the Vail Town Charter, each annual budget
shall include a long -range capital program. To ensure adequate funding
for the long -range capital program, at least thirty -eight percent (38 %) of all
sales tax revenues received by the Town shall be used for capital
improvements, open space acquisition, or open space improvements, or
for the payment of debt service to finance the same, unless otherwise
approved by not less than five (5) affirmative votes of the Town Council.
Section 2. 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.
Section 3. The amendment of any provision of the Town Code 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 proceeding as commenced under or by virtue of the provision
Ordinance No. 1. Series of 2013
amended. The amendment of any provision hereby shall not revive any provision or
any ordinance previously repealed or superseded unless expressly stated herein.
Section 4. 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 ON FIRST READING this 1St day of October, 2013 and a
public hearing for second reading of this Ordinance set for the 15th day of October,
2013, in the Council Chambers of the Vail Municipal Building, Vail, Colorado.
ATTEST:
am agel, Actin own lerk
••••••.Andrew P. Da , ayo
. SEAL
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
this 15th day of October, 2013.
Andrew P. Daly, yor
ATTEST:
T mmy Na I, Acting wn Clerk •�;'�.
. EA
L.
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Ordinance No. 1. Series of 2013