HomeMy WebLinkAboutresolution.council.094-21 RESOLUTION NO. 94
(SERIES OF 2021)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2022 BUDGET FOR ASPEN PITKIN COUNTY
HOUSING AUTHORITY HOUSING ADMINISTRATION FUND, 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 2022,
NOW THEREFORE, be it resolved by City Council, that the budgets for the Aspen Pitkin
County Housing Authority Housing Administration Fund, Smuggler Affordable Housing
Fund, and APCHA Development Fund for fiscal year 2022 are hereby approved. All
constituted appropriations amounting to $3,037,010, and estimated revenues amounting to
$2,693,990, 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, 2022 and ending December 31, 2022, as required pursuant to 29-1-103
(2), C.R.S.
Adopted this 9th day of November 2021.
7WJK-I--
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 9th day of NovembW 2021.
Nicole Henning, City C rk
Exhibit A—Aspen Pitkin County Housing Authority Funds
Opening Revenue Expenditure Ending
Fund Name Balance Budget Budget Balance
Housing Administration(APCHA)Fund $710,684 $2,603,390 $2,945,850 $368,224
Smuggler Housing Fund $424,729 $80,600 $84,960 $420,369
APCHA Development Fund $1,266,035 $10,000 $6,200 $1,269,835
Total $2,401,448 $2,693,990 $3,037,010 $2,058,428