HomeMy WebLinkAboutresolution.council.144-18 RESOLUTION NO. 144
(SERIES OF 2018)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2019 BUDGET FOR ASPEN PITKIN COUNTY
HOUSING AUTHORITY, SMUGGLER AFFORDABLE HOUSING FUND AND
TRUSCOTT PHASE H AFFORDABLE HOUSING FUND
WHEREAS, the Aspen Pitkin County Housing Authority is a standalone entity, uniquely
separate from the City of Aspen and Pitkin County, and
WHEREAS,the City of Aspen directly appoints three, and jointly appoints one, of the seven
Board Members for the Aspen Pitkin County Housing Authority, with the intent that City of
Aspen is expressly represented in matters concerning affordable housing in and around the
Aspen community,and
WHEREAS, the City of Aspen annually subsidizes the operations of the Aspen Pitkin
County Housing Authority administrative functions,and
WHEREAS, pursuant to the current intergovernmental agreement, the Housing Authority
Executive Director must prepare and present annual budgets and make recommendations to
the City and County for their adoption, and
WHEREAS, the budget as submitted in Exhibit A sets forth the amount anticipated to be
appropriated by the Aspen Pitkin County Housing Authority for expenditure, and estimated
revenues, for each accounting fund for the calendar year of 2019,
NOW THEREFORE, be it resolved by City Council, that the budget for the Aspen Pitkin
County Housing Authority, Smuggler Affordable Housing and Truscott Phase II Affordable
Housing Funds for fiscal year 2019 is hereby approved. All constituted appropriations
amounting to $8,376,190, and estimated revenues amounting to $8,628,820, are hereby declared
to be sufficient and necessary to pay the expenses and certain indebtedness, and provide for a
reasonable fund balance at the close of the fiscal year beginning January 1, 2019 and ending
December 31, 2019,as required pursuant to 29-1-103 (2), C.R.S.
2019 Opening 2019 2019 2019 Ending $Change to % Change to
Fund Balance Revenues Expenditures Balance Balance Balance
Housing Admin $1,021,921 $2,305,930 $3,018,930 $308,921 ($713,000) (70%)
Smuggler $361,528 $79,430 $73,000 $367,958 $6,430 2%
Truscott II $1,280,672 $5,990,830 $5,536,890 $1,734,612 $453,940 35%
Total $1,280,672 1 $8,376,190 1 $8,628,820 $2,411,491 ($252,630) (9%)
Adopted this 13th day of November 2018.
Steven Skadron Mayor
I,Linda Manning, duly appointed and acting City Clerk of the City of Aspen, Colorado, do hereby
certify that the foregoing is a true and accurate copy of the esolution adopted by the City Council
at its meeting held on the 13th day of November 2018.
1.
Linda Manning, City Clerk