HomeMy WebLinkAboutresolution.council.030-11 RESOLUTION # 30
(SERIES OF 2011)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO,
APPROVING THE RELEASE OF THE RESTRICTION DESIGNATION OF FUNDS IN THE
COMMUNITY ENHANCEMENT FUND.
WHEREAS, the Aspen City Council approved Ordinance #11, 1998, granting a franchise to
Holy Cross Energy, and approved Ordinance #44, 2003, a revision to the franchise; and,
WHEREAS, said ordinances state that in addition to a 3% franchise fee, Holy Cross shall pay a
voluntary 1% of gross revenues to fund a Community Enhancement Fund; and,
WHEREAS, these funds are designated for specific programs that are designed to make a
difference in people's lives and the community in which they reside including (1) beautification
projects; (2) energy conservation projects; (3) equipment and technology upgrades for schools;
(4) scholarship funds; (5) acquisition of open space and/or park land and development thereof;
(6) sponsorship of special community events; and (7) undergrounding of overhead electric utility
lines; and,
WHEREAS, certain energy conservation projects at the Aspen Recreation Center (ARC) in
recent years and one special community project, New Year's Eve, qualify as Community
Enhancement projects; and,
WHEREAS, said projects have totaled $752,118.00 and City Council desires to un- restrict the
restrictive designation of such funds currently held in the City's General Fund as The City
Council recognizes the ordinance requirements have been met and the Community Enhancement
Funds have been expensed in full, and desires to authorize the release of said funds from the
reserve account in the General Fund in 2011.
NOW, THEREFOR, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN
COLORADO, THAT:
Section 1
The Finance Director of the City of Aspen is hereby directed to release the restrictive designation
of the funds held in the reserve account entitled "Community Enhancement Funds" and make all
other accounting steps necessary to release such funds as described below in the General Fund
for 2011.
2007 2008 2009 2010 Total
Energy Conservation
Energy Efficiency - ARC $994,902 $144,977 $41,213 $38,775 $1,219,865
Special Community Events
New Year's Eve $22,721 558,071 $55,956 $55,406 5192,154
Projects $1,017,622 $203,048 $97,168 $94,181 $1,412,019
Community Enhancement Funds $529,469 $76,530 $71,713 $74,405 $752,118
Community Enhancement Ending Balance $0 $0 $0 $0 $0
Adopted this 25, day of April 2011
Michael C. Ireland, Mayor l
I, KATHRYN KOCH, 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 Resolution adopted by the
City Council at its meeting held on the 25 day of April, 2011.
Kathryn Koc dray Clerk
JPW-saved: 4/19/11 - communityenhancement.docx