HomeMy WebLinkAboutresolution.council.093-20 RESOLUTION NO. 93
(SERIES OF 2020)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2021 BUDGET FOR ASPEN PITKIN COUNTY
HOUSING AUTHORITY, SMUGGLER AFFORDABLE HOUSING FUND AND
APCHA DEVELOPMENT 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 one director and one alternate director, and
jointly with the County Commissioners appoints three additional directors and one alternate
director. The County Commissioners appoints the remaining two, one director and one
alternate director,for a total of the eight 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 2021,
NOW THEREFORE,be it resolved by City Council,that the budget for the Aspen Pitkin County
Housing Authority, Smuggler Affordable Housing and APCHA development for fiscal year 2021
is hereby approved. All constituted appropriations amounting to $2,751,849, and estimated
revenues amounting to $2,451,874, 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 1,2021 and ending December 31,2021,as required pursuant to 29-
1-103 (2), C.R.S.
Adopted this 24th day of November 2020.
7X TE-
Torre,Mayor
I,Nicole Henning, 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 24th day of mber 2020.
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Nicole Henning, ity r
Housing Administration and APCHA Funds- Exhibit A
Opening Revenue Expenditure Ending
Fund Name Balance Budget Budget Balance
Housing Administration(APCHA)Fund $622,275 $2,376,740 $2,673,319 $325,696
Smuggler Housing Fund $400,830 $75,134 $78,530 $397,434
APCHA Development Fund $249,247 $0 $0 $249,247
Total $1,272,352 $2,451,874 $2,751,849 $972,377