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HomeMy WebLinkAbout1974- 7 1st Budget Supplemental for 1974 ORDINANCE NO. 7 Series of 1974 AN ORDINANCE MAKING A SUPPLEMENTAL APPROPRIATION FROM THE GENERAL FUND OF THE 1974 BUDGET AND FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO WHEREAS, contingencies have arisen during the fiscal year 1974, which could not have been reasonably foreseen or anticipated by the Town Council at the time of the adoption of the 1974 Budget and Financial Plan of the Town of Vail, Colorado; WHEREAS, the Town of_ Vail, Colorado, hereinafter referred to as the "Town", has received certain revenues not budgeted for previously; ~ , WHEREAS, the Town has previously adopted a budget which has not taken into consideration the increased revenues received by the municipality this fiscal year, nor has said budget taken into consideration the increased expenditures necessary to provide adequate municipal services for the Town; WHEREAS, the Town Manager has certified to the Town Council that sufficient funds are available to discharge the appropriation referred to herein, not otherwise reflected in the budget, in accordance with Section 9.10 (a) of the Charter of the Town of Vail, Colorado; and WHEREAS, due to the aforesaid contingencies the Town Council considers that it should make a supplemental appropri- ation for the purposes hereinafter set forth; 2dOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO, AS FOLLOWS: • . • . • Section 1. Title. This ordinance shall be known as the "Ordinance Making a Supplemental Appropriation from General Fund of 19 7 4 Town Budget'.' . Section 2. Supplemental appropriation from General Fund; authorization for expenditure of said appropriation. The Town Council hereby makes a. supplemental appropriation in the sum of $20,000.00 from the Economic Development and Community Action allocation of the General Fund of the 1974 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriation by the Town Manager as follows: A. A 1974 donation of $15,000.00 to the Vail Resort Association. B. A 1974 donation of $5,000.00 to the Colorado Rivers Council. Section 3. Effective date. This ordinance shall take effect five days after publication following the final passage hereof. Section 4. Supplement to Annual Appropriation Ordinance. Upon its enactment this ordinance is a supplement to the 1974 Annual Appropriation Ordinance, Ordinance No. 25, Series of 1973, of the Town of Vail, Colorado. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 4th day of June, 1974, and a public hearing on this ordinance shall be held at the regular meeting of the Town Council of the Town of Vail, Colorado, on the 18th day of June, 1974, at 7:30 P.M., in the Municipal Building of the Town. ATTEu`L' l ~. ~ ~~ Town Clerk Yor v • ~ • ~ • r Ordinance No. 7, Series of 1974 INTRODUCED, READ ON SECOND READING, APPROVED, ENACTED, AND ORDERED PUBLISHED ONCE IN FULL, this 18th day of June, 1974. Mayor ATTEST: Tow: Cler~/G` / ~ ~ ~ ~ ~ -owo of nail box 100 vail, Colorado 81657 (303) 476-5613 Town Council P.O.Box 100 Town of Vail Vail, Colorado 81657 office of the town manager June 3, 1974 Re: Supplemental appropriation for 1974 donations to Vail Resort Association and Colorado Rivers Council Sin rely, M n e L~~~ yell J. g Town Man ger Councilpersons: Pursuant to Section 9.10 (a) of the Charter of the Town of Vail, Colorado, I hereby certify that based on apparently reliable information from the Finance Department there are available for appropriation revenues in excess of those estimated in the 1974 Budget and Financial Plan of the Town which will enable the Town Council to make a supple- mental appropriation of $20,000.00 with which to donate $15,000.00 to the Vail Resort Association and $5,000.00 to the Colorado Rivers Council. These donations will be made in accordance with my sound discretion. Assuming a supplemental appropriation ordinance is enacted by the council, the appropriation in and of itself does not necessarily mean that the donations made in 1974 will be in the full sums appropriated for them. As you know the CRC donation will be paid in monthly installments of $500.00. The VRA may be paid in monthly or other periodic installments or in a lump sum in the latter part of 1974. In due course I will give you a report concerning the payment of these donations. Subscribed and sworn to before me this 3rd day of June, 1974. ~' ~? Notary Pub is County of Eagle, State of Colorado My Commission expires `~lcve~~er 3~, In?? • • • . ~- CERTIFICATE OF DISPOSITION OF ORDINANCE IT I~ hiEREBY CERTIFIED purusant to the Charter of the Town of Vail, Colorado, Article IV, Section 4.14, that Or- dinance No. ~ - Series of 1974, to the original of which this certificate is affixed, was duly adopi-ed on second reading by the Torn Counci I at its regu I ar meeting on the ~l~/W" day of , 1974, its adopi~ion was authenticated by the signitures of the ~~layor and the Town Clerk, and said ordinance was duly published in full after said adoption in The Va i I Tra i I newspaper ,on the ~/~ day of , 1974, as indicated by the certificate of publication of said newspaper which is attached to the original of said ordinance, and accordingly on the date hereof said ordinance was duly re- corded in the official records of ordinances of the Town of Vail, Colorado. f DATED ; Va i I , Co I orado, this / ~~ day of .f~~~~ 1974. ~G~O~'~ y I Tow n ~ ~