HomeMy WebLinkAbout1992-32 Making Supplemental Appropriations from the Town of Vail General Fund, Capital Projects Fund, and others; and Authorizing the Expenditures of Said Appropriations as Set Forth Herein. ~
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ORDINANCE N0.32
SERIES OF 1992
AN ORDINANCE MAKING SUPPLEMENTAL APPROPRIATIONS FROM THE TOWN OF VAIL
GENERAL FUND, CAPITAL PROJECTS FUND,
VAIL MARKETING FUND, THE REAL ESTATE TRANSFER TAX FUND, POLICE
CONFISCATION FUND, L10NSHEAD MALL PROJECT FUND, CONSERVATION TRUST FUND,
LIONSHEAD MALL DEBT SERVICE FUND, BOOTH CREEK DEBT SERVICE AND
CONSTRUCTION FUND, HEAVY EQUIPMENT FUND, TOWN OF VAIL DEBT SERVICE FUND,
WEST PAIL DEBT SERVICE FUND, AND POLICE BUILDING CONSTRUCTION FUND
OF THE 7992 BUDGET AND THE FINANCIAL PLAN FOR THE TOWN OF VAIL, COLORADO;
AND AUTHORIZING THE EXPENDITURES OF SAID APPROPRIATIONS
AS SET FORTH HEREIN;
ESTABLISHING A RESERVE FUND BALANCE OF $5,740,OD0;
CREATING AN EMERGENCY CASH OR ASSET RESERVE IN THE VALUE OF $550,000;
AND Sc E i LNG FORTH DETAILS IN REGARD THERETO.
WHEREAS, contingencies have arisen during the fiscal year i 992 which could not have
been reasonably foreseen or anticipated by the Town Council at the time it enacted Ordinance
No. 39, Series of 1991, adopting the 1992 Budget and Financial Plan far the Town of Vail,
Colorado; and,
WHEREAS, the Town has received certain revenues not budgeted for previously; 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.i0(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 supplemental appropriations as set forth herein.
WHEREAS, the Town Council wishes to establish a reserve fund balance in the amount
of $5,740,000, and
WHEREAS, the Town Council wishes to establish an emergency cash or asset reserve -
in the value of $550,000.
NOW, THEREFORE, SE IT ORDA{NED, BY THE TOWN COUNCIi_ OF THE TOWN OF
VAIL, COLORADO that:
1. Pursuant to Section 9.i 0(a) of the Charter of the Town of Vail, Colorado, the Town
Council hereby makes the fallowing supplemental appropriations for the 1992 Budget and
Financial Plan for the Town of Vail, Colorado, and authorizes the expenditure of said
appropriations as follows:
FUND
General Fund
Capital Prpjects Fund
Real Estate Transfer Tax Fund
Vail Marketing Fund
Police Confiscation Fund
Heavy Equipment Fund
Lionshead Mall Project Fund
Conservation Trust Fund
Lionshead Ma1.1 Debt Service Fund
Booth Creek Debt Service Fund
Booth Creek Construction Fund
Town of Vail Debt Service Fund
West Vail Debt Service Fund
L'o.Iic~: Bui~.ding Construction Fund
AMOUNT
$ 520,821
2,278,086
822,298
45,000
27, 605
12,000
66, 468
7,800
4, 500
500
1$,aoo
20,126,030
500
100,000
24, 029, 60$
1
' ~. The Town Council hereby establishes a reserve fund balance of $5,740,40x.
3. The Town Council hereby establishes an emergency cash or asset reserve in the t
value of $550,000.
4. If any part, section, subsection, sentence, clause or phrase of this ordinance is for
any reason held to be invalid, such decislan shall not affect the validity of the remaining portions
of this ordinance; and the Tawn 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.
5. 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.
6. 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.
7. 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, resolution, or ordinance, or part #hereof, theretofore
repealed.
INTRODUCED, READ, APPROVED, AND ORDERED PUBLISHED ONCE 1N FULL ON
FIRST READING this 1st day of December, 1992, and a public hearing shall be held on this
Ordinance on the i 5th day of December, 1992, at 7:30 p.m. in the Council Cumbers of the Vaii
Municipal Building, Vaii, Colorado.
~.
Marg ret A. Ostertoss, Mayor
ATTEST:
,d .c.d.~M[.t[.~ uc..~
Pamela A. Brandmeyer, Acting Town Clerk
READ AND APPROVED ON SECOND READING AND ORDERED PUBLISHED
i n fu 1 T this 15th day of December, 1992.
ti
(_.l. ~ ~.
Marg ret A. Osterfoss, MayoF'
ATTEST:
Pamela A. Brandmeyer, Acting Town Clerk
C:IDRg93.32
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ATTEST:
Manha S. Raatker
Town Clerk
PubBtthed In The Vad Tray
on D.:.. ... a. 19132
Public Notice
ORDINANCE N0, 32
Settee of 1992
AN ORDINANCE MAKING SUPPLEMENTAL
APPROPRIATIONS FROM THE TOWN OF VAtL
GENERAL FUND, CAPITAL PROJECTS FUND,
VAIL MARKETING FUND, THE REAL ESTATE
TRANSFER TAX FUND, POLICE CONFISCA-
TION FVND, LION5H£AO MALL PROJECT
FUND, CONSERVATION TRVST FUND, LK)N-
SHEAD MALL DEBT SERVICE FUND, BOOTH
CREEK DEBT SERVICE AND CONSTRUCTION
FUND, HEAVY EQUIPMENT FUND, TOWN OF
VAlL DEBT SERVICE FVND, WEST VAIL DEBT
SERVICE FUND, AND POLICE BUILDING CON-
STRUCTION FVNb OF THE 1992 BUDGET AND
THE FINANGIAL PLAN FOR THE TOWN DF
VAIL, COLORADO; AND AUTHORIZING THE
EXPEND]TURES OF SAID APPROPRIATIONS
AS SET FORTH HEREIN; ESTABLISHING A
RESERVE FUND BALANCE OF 35,740,000;
CREATING AN EMERGENCY RESERVE DF
3550,000; AND SETTING FORTH DETAILS IN
REGARD THERt:TO.
WHEREAS, ooMingendes have arisen during
the fiscal year 1992 which-could not have been.
reasonably foreseen or anhdpated by the Town
Counal at the time d enacted Ordinance Na. 39,
Series d 1992, adapting the 1992 Budget and
Finanaal Plan for the Town d Varl, Colorado; and
WHER£AB,. Ehe Tawn has received certain
revenues not didgated for previously; and
WHEREAS, the Town Manager has cert'rfied 10
the Terem Council that suffident funds am evad-
able to discharge the appropriations referred to
herein, not dhenrdse relleded in the Budget, in
aDCOrdance with Section 9.16(8) d the Charter d
Ehe Town o! Veil; and
WHEREAS, in order to accomplish the
racaan an amoryenry reserve rn me anw,um w
SS.r0,006.
IVDVY, THEREFORE, BE IT ORDAINED BY
THE TOWN COUNCIL OF THE TOWN OF VAIL,
COLORADO THAT:
'SECTION t, Pursuant to Section 9.10(a) d the
Charter d the Taws d Vail, Cobredo, the Town
Coundl hereby errekee the iolbwing supplemen-
tal ar,..,. ',.:ions for the 1992 Budget and Finan-
dal Plan for the Town d Veil, Colorado, and
authorizes the expsnd'dure d said appropiationa
as idlowe:
FUND-AMOUNT
Generel Fund -;492,321
Capital Projects Fund -32.278,088
Rest Estate 7ransler Tex Fund -5822,296
Vail Marketing Fund • fW2,492
Podoe ConfiacBrtion Fund -327.605
Heavy Equipment Furrd • 312,000
Lionahsad Mad Project Fund -386,466
Conservation That Fund - 57,80D
Lionahertd Mad Debt Service Fund- yt,2i5
Bodh Creek Debt Sarv'rce Fund -1561
Bodh Creak Conetruetion Fund -;16,000
Town d Vail Debt Service Fund -320,128,030
west veil Debt service Fund -5500
Police Budding Conetrudion Fund - 5100,600
TOTAL -323,988,316
SECTION 2. The Town Council hereby ea-
Eabliahoa a reaervefund balance of 35,740,000.
SECTION 3. The Town Council hereby es-
tablishes an emergency reserve in Ehe amount d
Sfi56,t100.
SECTION 4. N any part, aectbn. subsectbn,
sentence, clause d phrase d this ordinance is for
any reason held tc be invalid, such dedsfon shad
not affect the validity d the remaining portions d
this ordinarce; and the Town Coundl hereby
dedares i! would have paused this ordinance.
and each part, section, subsection, sentence,
douse or phrase !hared, regardless d the fait
that any ane ar more parts, sections,
subsediorre, eentances, clauses or phrases be
dedared invalid.
SECTION 5. The Town Cound[ hereby finds,
defarmines and declares that this ordinance n
necessary and proper for th health. safety and
waders d the Town of Vail and the inlraloitante
thereof.
SECTION 6. The repeal or the repeal and
800TH CREEK ASSESSMENT SCHEDULE 1
_ .._,
r2wne wad address
MararGrasis eossow
HO% 5455
Vail, CO 81658
Rodnie w. Garton
Lynne Erion
1545 fake Drive
Loveland, CO 80538
Roy A. Johnston
9115 Booth Falls Court
Vail, CO 81657
Amount of
pw~sr r+wrvr+, nsaeaalnegt
Hlock 1, Lot 5, Vail village S1B, 737.97
12th Filing
stock 1, LOt 10, Unit 8, $16,737,97
Resub of Lat 7, Vail Village
12th Filing Townhouse
mt 1, Parcel B, Vail Village $1s, 737.97
12th Duplex, Resub of Lot 2
Johann Mueller Block 2, Lot 6, Vail village $18,737.97
910 Fairway Drive 12th Filing
Vail, CD 81657
Brandess-Cadmus Block 1, Lot 10, unit A, Resub $18, 737. 9~
__ Real Estate, inc. of fAt 7, Vail Village 12th
-- Yi31 Bridge Street Filing
Va31, CO 81657
George H. Cloves, Jr. Block 2, Lot 3, Vail Village $18,737.97
Aobert Lammerts 12th Filing
c/o Lammerts
125 Park Avenue
Oklahoma City, OK 77102°
Crown Corr, Inc. Block 1, Lot il, Resub of Lot $18,737.97
Box 1750 7, Vail village 12th Piling
Highland, IN 46322
Aobert s. carpenter Block 1, Lot 2, Unit A, Marquez $18,737.97
2178 Tecumseh Park Lane Duplex, Vail Village 12th
West Lafayette, IN 47966 Filing
Daniel J. and Barbara Block 2, Lot 2, Unit 8, Vail $18,777.97
A. Feeney village 12th Filing
7145A Booth Falls
Vail, CO 81657
John W. Gray Hlock 1, Lot 6, Unit 8, Vail $18,777.97
3619 Janitell Road Village 12th Filing Townhouse
Colorado springs, Co
80906
J. Edward Gund Hlock 2, Lot 8, Vail Village $18,737.97
3100 Booth Falls Court 12th Filing
Vaii, CD a1657
Edwazd M. and Katherine Block 1, Lot 2, Unit B, Marquez $18,737.97
P. Gvathmey Duplex
3226 Katsos Ranch Road
Vail, CO 81657
Jeanine Hallenbeck Block 1, Lot 4, Vail Village $18,737.97
3236 Katsos Ranch Rcad 12th Piling
Vaii, CO 81657
Patrick C. and Suzanne Block 2, Lot 7, Vail village $18,737.57
E. Dauphinais 32th Filing
Box 1515
Vail, Co 81658
Robert P. Lammerts Block 2, Lot 4, Vail Village $18,737.97
125 Park Avenue 12th Filing
Oklahoma City, OK 77102
,~ Rcbert Leavitt Block _ Lot Parcel A, Vail 518,737.97
fi472 5. Quebec Street Village 12th Filing
englewcod, CO 80111
Duane and Carolyn Filter Hlock 1, Lot B, Parcel H-1, $18,737.97
Box 5560 B-2, Vail Village 12th Filing
Avon, CO 81620 Dupiex, Aeaub of Lot 7
Brandy Lee McLaughlin Block 1, Lat 6, Unit A, Vail 518,737.98
wall Village 12th Filing Townhouse '
Box 112
Vail, CC 816Sa
' Jorge A. and Sybill R. Block i, Lot 9, Resub of Lot $1x,777.97
Navas 7, Vail Village 12th Filing
3255 Katsos Ranch Road
Vail, CD 81657
John Galt Hlock 1, Lot 8, Parcel A, Vail $18,737.97
Mountaineering, Ltd. Village 12th Filing Duplex,
3245 Katsos Ranch Road Resub of Lot 7
Va 1I, CO 81657
Michael D. and Cynthia Block 1, Lot 1, Vail Village $18,737.97
R. steimle 12th Filing
John D. and Auth K.
Steimle
Hox 2029
Vail, CO 81658
Ray E. and Pamela V. Block 1, Lot 3, Vail V111age $18,777.97
Story 12th Filing
32]D Katsos Ranch Rcad
Vail, CD 81657
Garton Development Co. Black 2, Lot 5, Unit: A, Vail $16,737.97
Box 880 Village 12th Filing Townhouse
Veil, CO 81658
Garton Development Co. Block 2, Lot 5, Unit a, Vail $16,737,97
Box 880 Village 32th Filing Sownhcuse
Vail, Co 81658 °
raenaded.~ The repeal dVany Provision hen
shall not revive any provision or any ordina
previously repeaed or superseded unless
pressly stated harsh.
SECTION 7. All bylavra, orders, resolutic
and ordinances, or parts Ihered, irrcarrelN
herewith are repealed fo the extent tmly d si
irkxrnsistency. This rupeabr shall not be c
atrued to revise ary bylaw. order, resolution,
ordinance, or part Ehereof, theretdoro repeab
INTRODUCED, READ, APPROVED I
FIRST READING AND ORDERED PUBLISH
ONCE IN FULL Chia 1st day d D... :.r, 1{
and a publb hearing shell ba held on this
dkranca on khe 15th day d December, 1982
7~0 p.m. in the Coundl Cherrbers d the 1
Municipal Building, Vail, Coorado.
TOWN OF V
Margaret A, Oatedr
Ma
ATTEi
Martha S. Reed
Tnwn CI
published in The Vaif Trail
ono:.: ;. 4,1982
Public Notice
NOTICE OF A
PUBLIC HEARINLi
ON 9PECEAL ASSESSMENTS
FOR THE BOOTH CREEK
LOCAL Il11PROYEMENT DISTRICT
of THE
TOWN OF PAIL, COLORADO
A public hearing wid be held on the levying
spec®1 assessmeMa agalrtal property bcafed
the Booth Creak Local [ r,. .meat District
the Taws d Veil, Colorado on December,
1992 at 7~0 p.m. (or as socn thereafter as '
matter can be heard) at the Council CherrEeM
the,Munk~pel 13uitding, Vaif, Cobrado.
The general nature d the improverrenta a
slrercted in the District Mclude a trsnch~e
.;-x for the mpigatbn d rock tall dama~,
The total cost d the improvements is 3507,ti
Ol this amount, 320,0D0 has been provided
Ehe Town of VaN and 5467,167 wid be provided
asaessmente to be levied against apecle
benefitted properties.
tUbjediona to the proposed assessment m
be logged in writing by the affected props
owner wish the Tawn Manager's office at I
Munic~al Building, in Veil, Coorado, no Ease Ih
f Iva (5) days prior to the date d Iha hearing bah
the Town Council. The .L':. '. ns must be 1rarr
so ae to identity the epecilic issue(s) involved, l
grounds therefore, and the witneaeas who r
present the avidance d the hearing and 7
geneal nature d their testimony, Tha writ
must also include the name oT the owner(s) a
description d the affected property. Prior to t
hearing, the Town Manager wilE forward to t
Town Council tho written objectbne which he h
received. He may at the same time forward I
comrnenls in writing in rasped to the projant a
the aesesamente. He may also malts oommar
relating to the written objedione. The provielc
of this paragraph moat be complied with in del
by affected properly ownere before objectbns
the levy d the assessment wAl be recognized. ~
fatted property owners wiH have an opportunity
be heard and prasoni avidonca concerning th
objectbns al the piblb hearing it they oomr
with the rondilicn of ihia paragraph. Failure
oomp;y with such rondBian p.._._L.t will
deemed a waiver d arty objections and a canoe
to the levy d the proposed assessment. fnqulri
and questions can be directed to Mr. Ste
Thompson. Town d Veit, 75 South Fronts
Road blast, Vail, Coorado 61657, or by phone
(303) 479-2100. Anyone wishing to impact a
review any written material f umished to the Trn
Council by iha Tawn Manager prior is tl
hearing, inducting the draft ordinance proposed
be adopted, can do so at the oHk.e of iha Ta
Clerk in the Municipal Building In Vail, Cobrac
on or after December 1, i981Z between the hot
016:00 am. and 5:00 p.m.
Afferclad property ovmera who do no[ wish
exmtast their assessment but who wish 1o rrra
any rommanta favorable ar unfavorable, relati~
to the project will be ghren an opporlunily to
SO.
All assessments shalt be due and payat
without demand to Director d Adminisirative St
vices on January 1B, 1883. Aasassmenla r
paid on or before January 18, 1983, shall be pr
able in 10 subatantielly aqua! Inataifinenta
prindpal, payable March 1, 1983, and annue
on March 1, d each year thereafter until end
chiding March 1,2002, with interest on the unpe
prindpal amount at the refs of 9.50% per ennui
payable on each prindpal payment date. Failu
to pay the whole assessment on or halo
January 16, 1993 shad be condusivoty tz
sidered and held to be an election on the part
such owner to pay in iretallmerds the amount
the assessment than unpaid.
B iha Town Coundl edopb the asseesme
ordinance, anyone wishing to challenge the son
has 30 days from the dale d the effective date
seek judicial review. In order for any one to hay
standing to sue, he or she moat have asaertsd h
or her .'.;..'.n(s) in aewordenee wdh the r
quiramsMa d Tele 20 d the Vail Code, wMch r
quiremenis are set forth generally above. The e
piratbn of the 30.day pericd trill perpetually b
alt actions or suite chalbnging the firdinge, date
minelicne and contents d the ordinance and
all prooeedirga rotating thereto, and will fine'
and conciusivaly establish said facts ar
iindings.
See BlDOth Creek
a Assessment
Schedule 1
TOWN OF VA
Randall V. Philli
Town Manag
Published in The Vail Trail
on December 4, 1992