HomeMy WebLinkAbout2019-07 2019 1st Budget Supplemental ORDINANCE NO. 7
SERIES OF 2019
AN ORDINANCE MAKING BUDGET ADJUSTMENTS TO THE TOWN OF VAIL GENERAL
FUND, CAPITAL PROJECTS FUND, REAL ESTATE TRANSFER TAX FUND, MARKETING
FUND, DISPATCH SERVICES FUND, HEAVY EQUIPMENT FUND, HOUSING FUND, AND
TIMBER RIDGE HOUSING FUND OF THE 2019 BUDGET FOR THE TOWN OF VAIL,
COLORADO; AND AUTHORIZING THE SAID ADJUSTMENTS AS SET FORTH HEREIN; AND
SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, contingencies have arisen during the fiscal year 2019 which could not have
been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No.
21, Series of 2018, adopting the 2019 Budget and Financial Plan for the Town of Vail, Colorado;
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 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 9.10(a) of the Charter of the Town of Vail, Colorado, the Town
Council hereby makes the following budget adjustments for the 2019 Budget and Financial Plan for
the Town of Vail, Colorado, and authorizes the following budget adjustments:
General Fund $ 351,055
Capital Projects Fund 12,901,548
Housing Fund 5,312,702
Real Estate Transfer Tax Fund 9,557,328
Marketing Fund 68,205
Dispatch 181,080
Heavy Equipment Fund 20,645
Timber Ridge Housing Fund 200,710
Total $ 28,593,273
Less Interfund Transfers (5,362,702)
Net Total $ 23,230,571
2. If any part, section, subsection, sentence,clause or phrase of this ordinance is for any
Ordinance No.7,Series of 2019
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.
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 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
FIRST READING this 7th day of May,2019,and a public hearing shall be held on this Ordinance on
the 21st day of May,2019,at the regular meeting of the Town Council of the Town of il,Colorado,
in the Municipal Building of the town.
4111Firre-CA hapi M• :11,41
ATTEST:
�y x
II 4
agel, o Clerk /
„cf
READ AND APPROVED ON S CiND;.READ A a ORDERED PUB •HED IN FULL this 21st
day of May 2019.
A►
e Chapin, .yor
ATTEST:
j> gel, Tow ►Cler �7 ®A \v
Ordinance No.7,Series of 2019of
1.