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Home My WebLink About1998-17 Annual Appropriation Ordinance: Adopting a Budget and Financial Plan and Making Appropriations to Pay Costs, Expenses, and Liabilities of the Town of Vail for 1999_ ~ fns • `~ • "i11/ ORDINANCE NO. 17 • SERIES OF 1998 ANNUAL APPROPRIATION ORDINANCE: ADOPTING A BUDGET AND FINANCIAL PLAN AND MAKING APPROPRIATIONS TO PAY THE COSTS, EXPENSES, AND LIABILITIES OF THE TOWN OF VAIL, COLORADO, FOR ITS FISCAL YEAR JANUARY 1,1999, THROUGH DECEMBER 31, 1999, AND PROVIDING FOR THE LEVY ASSESSMENT AND COLLECTION OF TOWN ~AD VALOREM PROPERTY TAXES DUE FOR THE 1998 TAK YEAR AND PAYABLE IN THE 1999 FISCAL YEAR. WHEREAS, in accordance with Article IX of the Charter of the Town of Vail, Colorado, the Town Manager prepared and submitted to the Town Council a proposed long-range capital program for the Town and a proposed budget and financial plan for all Town funds and activities for the 1999 and 2000 fiscal years; and WHEREAS, notice of public hearing on the proposed Town budget and capital program was published on the 6th of November, 1998, more than seven (7) days prior to the hearing held on the 17th of November, 1998, pursuant to Section 9.5 of the Charter; and WHEREAS, it is necessary for the Town Council to adopt a budget and financial plan for the 1999 fiscal year, to make appropriations for the amounts specified in the budget, and to provide for the levy, assessment and collection of Town ad valorem property taxes due for the 1998 year and payable in the 1999 fiscal year; and WHEREAS, it is believed appropriate and fiscally sound for the Town Manager to present the budget and financial plan for 2000 to be considered by the Town Council to provide a complete financial plan on a biennial basis. NOW, THEREFORE, be it ordained by the Town Council of the Town of Vail, Colorado, that: 1. The procedures prescribed in Article IX of the Charter of the Town of Vail, Colorado, for the enactment hereof have been fulfilled. 2. Pursuant to Article IX of the Charter, the Town Council hereby makes the following annual appropriations for the Town of Vail, Colorado, for its fiscal year beginning on the first day of January, 1999, and ending on the 31st day of December, 1999: FUND AMOUNT General Fund $16,980,960 Capital Projects Fund 8,632,112 Real Estate Transfer Tax 2,240,932 Parking Structure Enterprise Fund 2,645,664 Heavy Equipment Fund 1,538,721 Dispatch Services Fund 1,110,416 Debt Service Fund 2,334,748 Health Insurance Fund 1,123,657 Vail Marketing Fund 340,000 Booth Creek Debt Service Fund 15,550 Vail Housing Fund 543,631 Facility Maintenance Fund l _843.143 Total: $39,349,534 • . Less Interfund Transfers: < 8.644.892> Net Budget X30.704.642 3. The Town Council hereby adopts the full and complete Budget and Financial Plan for the 1999 fiscal year for the Town of Vail, Colorado, which are incorporated by reference herein and made part hereof, and copies of said public records shall be made available to the public in the Municipal Building of the Town. 4. For the purpose of defraying part of the operating and capital expenses of the Town of Vail, Colorado, during its 1999 fiscal year, the Town Council hereby levies a property tax of 4.406 mills upon each dollar of the total assessed valuation of $457,629,390 for the 1998 tax year of all taxable property within the Town, which will result in a gross tax levy of $2,014,729, calculated as follows: Base mill levy 4.690 $2,144,593 Mill levy credit (.295) (134,894) Abatement levy .011 5.030 Total mill levy 4.406 $2.014.729 Said assessment shall be duly made by the County of Eagle, State of Colorado, as directed by the Colorado Revised Statutes (1973 as amended}, and as otherwise required by law. 5. The Town Council has considered the budget and financial plan for the fiscal year January 1, 2000 through December 31, 2000 as presented by the Town Manager, takes no formal action in regard to it at this time and further directs the Town Manager in accordance with Article IX of the Charter of the Town of Vail to present the proposed 2000 budget and financial plan for adoption no later than thirty (30) days prior to the close of the 1999 fiscal year. 6. This Ordinance shall take effect five (5) days after publication following the final passage hereof. 7. If 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 or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 8. 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. 9. 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. 2 4 ~ P • 10. :7 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 ON FIRST READING, APPROVED AND ORDERED PUBLISHED ONCE IN FULL, this 17th day of November, 1998..A public hearing shall be held hereon on the 1st day of December, 1998, at the regular meeting of the Town Council of the Town of Vail, Colorado, in the Municipal Building of the To ~~~~ N OF ~. ~ii,,~... ;' ~_ Robert E. Ford, Mayor ;~ ATTEST: ~E~,L ~~ / ~ ;'~-- Larelei onaldson, Town Clerk READ AND APPROVED ON SECOND READING D ORDERED PUBLISHED in this I st day of December, 1998. ~ha`~~mmnnrrinuini , , ~ l i, ~; E A ~ - Robert E. Ford, Mayor ATTEST: `,=~ \ ~: r w` ` ~Q Q~t~ ,~~ ~ Lorelei Donaldson, Town Clerk ;; ~~ 3 N ~, .~ _ _ o ~~ # m Q cD ~ c3 Q n ,.... C q % r 9 CD m ° o y • O~ ~L a o n v:Z 7 ~ ~. ~j : C z o Y: o ri ~ •rrrrrr -+ ~_ N p 4 ~ ,~ 1~?'~ 1 O C2. O Q @ o I 0 '`~, o ~ '~ ~, z ~~~` `~ ~a ~ __ -o. .-- ~ ~° m Q C ~ ,. `c '' m {J o ~" Q '~ :,. -~- Q~ c m c rn Q _. p n o co ~ ,~ z ~ ~ ~ ~ ~ ~ ~ o: ~ ~ ~ ~ fl ~~ x m O tD r 7'' O p ~ ~ ~ ~- ~ Q ~ 7? 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