HomeMy WebLinkAboutresolution.council.030-14 RESOLUTION#30
(Series of 2014)
A RESOLUTION OF THE ASPEN CITY COUNCIL APPROVING THE RELEASE THE
COMMUNITY ENHANCEMENT FUNDING RECEIVED FROM HOLY CROSS FROM THE
RESERVED FUND BALANCE IN THE GENERAL 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 will pay a
voluntary I% 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, past uses of Community Enhancement funding (2007 through 2010) has included
energy conservation projects at the Aspen Recreation Center (ARC) and one special community
project,New Year's Eve Celebration, and
WHEREAS, continuation of the New Year's Eve celebration and addition of City support for a
new community special event, the Pro. Cycling Challenge, have aggregate expenditures of
$575,938.82 (2011 through 2013),
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 in the following table in the
General Fund for 2014.
$575,939 Previously Approved in Res.#30(2011) $330,409 Newly Requested
2007 2008 2009 2010 2011 2012 2013 Total
Energy Conservation
Energy Efficiency-ARC $994,902 $144,977 $41,213 $38,775 $0 $0 $0 $1,219,865
Special Community Events
New Year's Eve $22,721 $58,071 $55,956 $55,406 $69,022 $59,425 $54,245 $374,846
Pro.Cycling Challenge $0 $0 $0 $0 $100,000 $116,000 $177,247 $393,247
Possible Projects to Fund $1,017,622 $203,048 $97,168 $94,181 $169,022 $175,425 $231,492 $1,987,958
Community Enhancement Funds
Available Balance $529,469 $76.530 $71,713 $74,405 $1741059 $86,126 $75,261 $1,082,526
Uses/Requested for Use $529,469 $76,530 $71,713 $74,405 $169,022 $86,126 $75,261 $1,082,526
Ending Balance $0 $0 $0 $0 $5,035 $0 $0 $0
Adopted this Z day of X2014
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Steven Skadron, ayor
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 theUt day of 2014.
dyClerk Kathryn Koch,