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Home My WebLink About1991-29 Increasing the Compensation to be Paid to the Mayor and Town Council Members of the Town of Vail~rwe ~~ .~~~o{ ~ y~ C~ ORDINANCE NO. 79, Ser(es of 1991 AN ORDINANCE INCREASING THE COMPENSATION TO BE PAID TO THE MAYOR OF THE TOWN OF VAIL AND THE MEMBERS OF THE TOWN COUNCIL OF THE TOWN OF VAlL WHEREAS, Section 3,8 of the Home Rule Charter of the Town of Vail provides that the members of the Council shall receive such compensation and the Mayor such additional compensation as the Town Council shall prescribe by ordinance provided however, that they shalt neither increase nor decrease the compensation of any member during his term of office; and, WHEREAS, the compensation of the Town Council and the Mayer has not been increased far some time; and, WHEREAS, both the rise in the cost of living and the increased time expended by both the Town Counci! and the Mayor in fulfilling their obligations make it equitable and proper that their compensation be increased; and, WHEREAS, on Nol~ember 19, 1991, there shall be an election for the purpose of electing a new Town Council fir the Tawn of Vail. NOW, THEREFORE, BE iT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO: All Town Council members whose terms begin after November i9, 1991 shall have their compensation increased as fellows: A) The Mayor of the Town of Vail shat! be paid $1,000.00 per month. 8} Each Town Council Member of the Tawn of Vail, other than the Mayor, shall tae paid $400.00 per month. 2. !f any part, section, subsection, sentence, clause or phrase of this ordinance is for any 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 ar phrase thereof, regardless of the fact that any one ar mare parts, sections, subsections, sentences, clauses or phrases be declared invalid. ~. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Tawn of Vail and the inhabitants thereof. 4. The repeal or the repeat and reenactment of any provision of the Municipal Cade of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any 1 ~ ~ duty imposed, any violation that occurred prior to the effective date hereof, any prosecu#ian 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 riot 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 extend only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolu#ion, or ordinance, or part thereat, theretofore repealed. INTRODUCED, READ AND APPROVED ON FIRST READING this 1991, and a public hearing shall be held on this Ordinance on the day of 1991, at 7:3Q p.m. in the Council Chambers of the Vail Municipal Building, Vail, Colorado Ordered published in full this day of , 1991. ATTEST: Pamela A. Brandmeyer, Town Clerk Kent R. Rose, Mayor INTRODUCED, READ, AND APPROVED ON SECOND READING AND ORDERED PUBLISHED ATTEST: Pamela A. Brandmeyer, Town Clerk c:~aga.z9 this day of 1991. Kent R. Rose, Mayor day of , z O ~ ~`-_ ~ ~ C m ~ (Dpi ~.Q~N~7 G O n ~ D O. " ~ ~ ~ ~ ~ pQQu,~S~Qmp F~• `7 O ~ m :'~ C O O ~ ~ ~ , ~~ C+7 ~ O y ~ Q ~ ~ ~~~n~~p~~ .Z lc ~ 7 ~ ~ O S]Q Q7y~(}~ ~ ~^ d ~~ ~ m 0~ O~ `?.~~ 4 m O~Q~Q~~04~ O 3 ~. ~ ~= a ~ ~ ~ C1~~ ~-~ 3c m 5C _ -+ - Q ~ ~ r ~. ~ QQj~O ~Nr X11 ~L ~ d I ~ ` ~ " CS ~ ~ Q`~`~-~Od;~a r~-, ~ J m ~ 7 ~ ~f7Dm~~jN~~ Cr~Q Q Yn ,^'a ~ ~~+ ~ P~~~~~-~gmp ~r-- ~ Q ~ -., Q ~j ~ ~ y~pcDQ~ p~ O x~'- I~ n ~ ~ ~~~~~p?~Q r.` a ~ ~ Q s ~ B SEflo~so.~~o~ i~ ~ a ~ ~ ~" ~~; ~ p~ ~~~p ~O Q 0 ~ ~. a Q m~[:oO.~~L1p~ ~ '7'! 0 z w AN C]Hf71NA7v4t AMti`+u n.u ursu n.n .vim NO. 29, S 5 OF 4909, RELATING TO THE TOWN ~lll, COLORADO SALES 7AX REVEN JDs, SERIES 1909. NDW, THEREFORE, 6E iT ORDAINED F3Y THE TOWN COUNCIL OF THE TOWN qF VA1L. CDLORADD: SECTION 1. Dolin'eion. Terms used in this Or- S ~,._. "° °». _.. ~. ,,19 tracer rear usr I rnediately preceding the issuance of any Addi• tlinance shall havs the meanings specilied in Or• dinanca Nv. 2S, Series of 3989 (the '1988 lional Bonds, the .. .. ' '-'=.dged Sales Fax Revenues in such Fiscal Year must equal or ez• except where the oantsxl by clear Drdinanoo'} teed 1259: d the Maximum Annual Deb! service , implicaSion otherwise rugvires. Requirerr~nl on lha $ande (including the Addi• tional Sands proposed to be issued} and the SECTION 2. Rucilnls. The Town is a municipal oorporalinn duly A amount of Pedged Revenues in such Fisaaf Year . organized and azisling undm the Town's Charlar must equal a exceed 140°x, of the Maximum An- adopled pufsuanl Sa ArSicle XX of Sha Consldution noel Debl Serviro Requirement on the Bonds {including the Addifianat Bonds proposed to be ai the Stale of CaWrado. B. Pursuant to Iho 1989 Ordinance, the Town ~ issued). For the purpose of satislying the has haretofara issued ds 1989 Bonds. aforementioned t25Y test and 1417% last. any Pursuant In the 1908 Ordinance, Iha Town C tax, now ezisSirg or hereafter imposed, which . i9 authorzed to issue Addilianal Bands 'A certain legally becomes a part 01 the Pledged Revenues raquiremenls sot 1oAh in Sha 1989 Ordinance are ' during the Fiscal Year preceding the issuance d met Additional Bonds, or any taz which is So legally D. The Town desires to issue its Sofas Tax become a part of the Pledged Revenues irrH Revenue Bands, Series 1991 {lfie'1991 Bonds'S mediataly prior tc the issuance of AddRionel in the princpaf amount of $2,525,006 tar various Gonda, a any increase in the rate of any tax municpal purposae but is unable to meal the which s a part d the Piadged Revenues which limitations eel lodh in Section 17A d the 1989 merease K imposed during Iha Fiscal Year Borrd Ordinance for the issuance d Additional preceding the issuance d Additional Bonds or fonds. any suds increase which is to be irrtposed im- PursuanS tv SecSiun 288 of the 1989 E med'ulety prior to the issuance of Additional . the Town may amend the 1989 Dr Ordinance Bonds can Le wnsidared for i[s eslimaled affect , dinanca with Iha written consent of 1hv Band Im pit the amount d the Pledged Revenues as it ' curer and without lha written consent of Iha tit efiad for the such tax Or increase had been wners of the Outstanding 1988 Bonds so long F{scat Year imrnediaiely preceding the issuance o as the Bond Insurer is not in delauit under [he of such Additional Bonds. Any tax which is na terms d the Bond Insurance Policy, longer in efied a! the time of issuance o1 the Ad- The Town desires to amend Section 17A al F d'Riona! Bonds shall no! be considered for pur• . the 1889 Ordinance to permit the 1991 Bonds So poses of satisfying such tests, Any Pbdgad be issued as.Aadilional Bonds pursuant to the Revenue which is not a tax shall be considered 1989 Ordinance and the Band Inwrer, which is simdady is Puq~oses of satisfying the such Seats. not in default under !ha ESond Insurance Policy, Y the ordinance authorizing a series of Addi- has given its written consent to such - tional Bonds will pledge Additional Pledged amendments. I Revenues to the Bands, the eslimaled effect of SECTION 3. Amendment of Sedion 1 0! Sha t the arrwunt of such Addkional Pledged Revenues 1989 Ordinance. Iha definition al Maximum An- t maybe considered as if such revenues had bean noel Dab! Service and Rssarve Fund Require t ns l manl in Saclion 1 0l She 1989 Ordinance are ca of such A dillonal Bon ds. lha issua t prated ng amended to road as tellers: Nothing in this Ordinance shall prohibit the 'Maximum Annual Dubt Service Hequirement" Town from issuing Additional Bonds in a maxi- maans the maximum arrrounl of all required pay mum pfincipa! amount o{ $2,555,0D0 it such Ad~ manta of principal and iMerasS on the Bands dilional Bonds are issued prior to January f5, which will become due in any Fiscal Yav. For the purpose of Sedion 17 herool only, Maximum An- 1892. SECTION 5. Delegated Powers. The officers noel Debt sarvica Requirement shall also include of the Town be, and They hereby are authorized the princpal and inleresS an the 1985 Bands untli and directed to lake all action necessary or ap- the 1905 Bands are paid ar delaased. propriata fa effectuate the provisions of this Reserve Fund Requirement' means an amount equal l0 309: o! the principal amount of Ordinance. SECTION 6. 5everabilify. N any one or more Iha Outstanding Bonds plus an amount equal to sections. sentences, clauses or parts d this On all invostmenl earnings on the Reserve Fund; dinanca shall for any reason be held invalid, such provbad that the Reaerre Fund Requitement judgmenS shalk net affect, impau, or invalidate the shall not azceed the Maximum Annual Debt Sex- remaining pravisians d this Ordinance, but shall vice Requirarrtanl. be wn(ined in i15 operation to the specific SECTION a, Amendment of Section 17A o! the sections, sentences, clauses or parts d this Or- Section 17A of the 1989 Or- 3909 Ordinance dinanca so held unconstitutional or invalid, sad . dinanca is amended to road as Idlows: the inappiicabilily and invalidity a! any section, imitatians Upon Issuance of Adddianai l A sentence, clause or part d this Ordinance in any . . Nothing in this Ordinance shall ba con- Bonds one or more instances shad not aElect or . Slrued in 9ud1 a manner as to prevent the e- prejudice in any way the applicability and validity auance by the Tawn of additional bonds or ocher of this Ordinance in any dher instances. obligalians, payable Irani and constiluling a lien SEGT{ON 7. Repeabr. Ali bylaws, orders, upon the Pledged Revenues on a parity w0h the resolutions and ordinances, or parts Shareof, in- ' Ibn of the 1909 Brands (lha 'Addilronat Bonds'}. slent herewith are hereby repealed to the oons Such Additional Bonds rtwy be payable sdaty extent only of such inCOnsislenry. Thls repealer from Pbdged Revenues or Ihay may be PaY~b shall net be construed to revise any bylaw, order, from Pledged Revenues and andher revenue of resolution or ordinance, Or part Sheraol, haretolore fund of the Town ('Additional Pledged repealed. Rovenues~. Regardbss of whether payable sole- , SECTION 8. Disposition of Ordinance. This ly iyom Pledged Revenues or tram Pledged ~ Drdinance, as adopted by the Counc~, shall be Revenues and Additional Pbdged Revenues, i numbered and recorded by the Town Clerk in the before any such bonds ar other tbligations are ~ official recants of the Town. The adoption and authorized ar adualty eeued the following oondi• pubGraSion shall be authenticated by the signa- lien shall be salislied: for the Fecal Year im- i lures of the fv:ayor, and Town Clark, and by the ntedialely Preceding the esuance of any Addi- the amount of Pledged Sales Tax Banal Bonds caridipte of publication. SECTION 9. Effective Date. This ordinance , Revenues in such Fiscal Year must equal or ex- shaS! be in futl force exact effect upon the later a} Deed 125Y. d the Maximum Annual Debi Service live days shat its AuWicafion upon final passage Requiramenl an Iha Bonds lincluding the Addi- as provided in Sedion 4.9 d the Charter ar S'lonal Bands proposed to bo cased} and the receipt of vrritSen consent to the amendments [o amount of Pledged Revenues in such Fiscal Year Iha 1989 Drdinance from the Bond Insurer. mull aqua! or exceed Y40Y. of the Maximum An- oel Deb! Service Requirement on the Bonds INTRODUCED, READ AND SE7 FOR PUBLIC HEARWG this 5th day d November. ~ n linduding the Additional Gonda proposed to be 1991. issuadS~ For She purpose of satislying the ADOPTED AND APPRDVED this 19th day d aforarrrentioned 1259: last and 1409: lest, any November, 1991. TO1NN OF VA1L lax, new existing or hereafter imposed. which Kerr R Rose legaly becortros n par[ nl the Fledged Revenues ~ Mayor during Iha Fiscal Year preceding the rssuanoe of ~ Additional Bonds, ar any tax which is !o legally ; ATTEST: booarne a pars of the Pledged Revenues irrr ~ Pamela A. Brandrr,eyer madiately prior to the esunnm of Addillanal tax f 7owrr Cbrk bilshed in The VaiE Tray P arty Bonds, a any inaeaee in the rase o which 'e a part d She Pedged Revenues which u on November 22, 1991 increase is imposed during the Fiscal Year preceding the irauarrce of Add'dional Bonds d any such increase vrhkh 'n !a be irtpo+ed irrr medialely prior to Ihs ierearwe d Addi~onal Bonds can bs onasklrrad for 4a sslknaled eNect on Iha amwnl d tt» Pledged Revrnurs av fl such fur n inasaw had Olen In atlect 1w tht Fiwl Year Lrrrr~dialrll' ~. " 3 sM haaarrCN~ . d aucfr Addiional Bundy, Ant' tart ~rtch t. .IlinYey N elfed M 1lre 1MIM d Ywanw d trra I