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Home My WebLink About1978-40 Making Supplemental Appropriation From the Open Space/Capital Improvements Fund of the 1978 Budget and Financial Plan~-• ~"~ ORDINANCE N0. ~`~ Series of 1978 AN ORDINANCE MAKING A SUPPLEMENTAL APPROPRIATION FROM THE OPEN SPACE/ CAPITAL IMPROVEMENTS FUND OF THE 1978 BUDGET AND FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO; AND AUTHORIZING THE EXPENDITURE OF SAID APPROPRIATION AS SET FORTH HEREIN --• WHEREAS, contingencies have arisen during the fiscal year 1978 which could not have been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance No. 35, Series of 1977, adapting the 1978 Budget and Financial Plan for the Town of Vail, Colorado; WHEREAS, the Town has received certain revenues not budgeted for previously; 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 Tawn Council finds that it should make a supplemental appropria- tion from the Open Space/Capital Improvements Fund; NOW, THEREFORE, BE IT ORDAINED Bx 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 a supple- mental appropriation in the sum of $250,000 from the Open Space/ Capital Improvements Fund of the 1978 Budget and Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said appropriation for the purchase of the Gondola I Plaza from Vail Associates, Tnc. (2) The Town Council hereby ratifies or authorizes the negotiation of any contracts or other necessary instruments to carry out the purpose for which funds are appropriated herein, r` ` Ord. rage 2 and the expenditure of the funds x'elating to this suppleanental appropriation. (3) Upon its enactment this ordinance shall be an ti amendment to the 1978 Annual Appxapriation Ordinance, Ordinance No. 35, Series of 1977, of the Tawn of Vail, Colorado. INTRODUCED, READ ON FIRST READING, APPROVED, AND ORDERED PUBLISHED ONCE IN FULL, this 7th day of November, 1978, and a public hearing on this ordinance shall be held at the regular meeting of the Town Council of the Town of Vail, Colorado, on the 21st day af' November, 1978, at 7:30 P.M. in the i~!iunicipal Building of the Town. ~~ ~ s~~ Mayo-r J ~"" `_ ~ ATTEST: Town Clerk INTRODl1CED 0~! SECOND READING, READ, APPROVED AND ORDERED pUBLiSNED BY TITLE. ONLY THIS 2~ST DAY OE NOVEi'~SER,197$. Ma~~-~ f ATTEST: TOWN CLERK • • ._.x.~ / '~ ~.. ~\ 1j 1~ tawo of nail box 7 00 veil, Colorado 81657 (3031 476-5613 Town Council Town of Vail, Colorado P. O. Box 100 Vail, Colorado 81657 office of the Town manager November 7, 1978 RE: Supplemental appropriation from the Open Space/Capital ~ Improvements Fund for the purchase of the Gondola I ~' Plaza from Vail Associates, Inc. ,., s ~~ Councilmembers: Pursuant to Section 9.10(a} of the Charter of the Town of Vail, Colorado, T hereby certify that based on apparently reliable information from fhe Finance Department there are available for appropriation expected revenues in excess of those estimated in the 1978 Budget and Financial Plan for the Town of Vail which will enable the Town Council to make a supplemental appropriation of $250,000 from the Open Space/Capital Improvements Fund for the purchase of the Gondola T Plaza from Vail Associates, Inc. Accordingly, T recommend that the Town Council promptly enact a supplemental appropriation ordinance for this purpose. Sincerely, Terrell J. Minger Town Manager TJM/sjm Subscribed and sworn to before me this 7th day of November, 1978. Notary Public County of Eagle/State of Colorado My commission expires: t • • • Ef fi~ ,~ ~M. ~ R C a c ~. o ~ ~ 3 R w ~ ~ ~~ a ~ ~ .. Ca ~ `C R Q ~ N y ~~yy W N ~ ~ ~ ~ ~ Q ~ O ~jy ~ ~ ~ l v ~ ~ ~ ~ ~ ~, o ~ cs ~ a ~ R. ~ ~ y k~7 a m A. 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