HomeMy WebLinkAboutresolution.council.125-22RESOLUTION NO. 125
(SERIES OF 2022)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2023 BUDGET FOR ASPEN PITKIN COUNTY
HOUSING AUTHORITY HOUSING ADMINISTRATION FUND, THE SMUGGLER
AFFORDABLE HOUSING FUND AND THE 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 2023,
NOW THEREFORE, be it resolved by City Council, that the budgets for the Aspen Pitkin
County Housing Authority Housing Administration Fund and the Smuggler Affordable Housing
Fund for fiscal year 2023 is hereby supported by the Aspen City Council. Appropriations
amounting to $3,189,880 and estimated revenues amounting to $3,256,670 for the Housing
Administration Fund, and appropriations amounting to $77,950 and estimated revenues of
$75,080 for the Smuggler Affordable Housing Fund, and APCHA Development Fund amounting
to $10,000 and estimated revenues of $12,000, are hereby declared to be sufficient and necessary
to pay the expenses and certain indcbtedness and provide for a reasonable fund balance at the
close of the fiscal year ending December 31, 2023.
Adopted this 29th day of November 2022.
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 29th day o No er 2022.�
Nicole Henning, City Cler
Exhibit A: Aspen Pitkin County Housing Authority Funds
Fund Name
Housing Administration (APCHA) Fund
Smuggler Housing Fund
APCHA Development Fund
Total
Opening
Balance
$293,218
$413,107
$1,031.411
Revenue
Expenditure
Ending
Budget
Budget
Balance
$3,256,670
$3,189,880
$360,008
$75,080
$77,950
$410,237
$12,000
$10,000
$1,033,411
$1,737,736 $3,343,750 $3,277,830 $1,803,656