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ordinance.council.21-2023
F7 ORDINANCE #21 (Series of 2023) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO APPROPRIATING AN INCREASE IN 1) THE 2023 MUNICIPAL BUDGET; AND 2) THE 2023 BUDGET FOR ASPEN COUNTRY INN AFFORDABLE HOUSING FUND WHICH IS A COMPONENT UNIT FUND OF THE CITY OF ASPEN, AND AUTHORIZING APPROPRIATIONS PURSUANT THERE TO WHEREAS, pursuant to article 9 of the Aspen Home Rule Charter, the Council shall adopt the budget by resolution on or before the fiscal day established by law (December 15); and WHEREAS, pursuant to same article 9 of the Aspen Home Rule Charter, allows for amendments to the adopted budget via sections 9.7 and 9.12; and WHEREAS, the revised budgets as submitted in Exhibit A for Section 1 and Section 2 sets forth the amounts to be appropriated for expenditure, and estimated revenues, for each accounting fund for the calendar year 2023, SECTION 1: NOW THEREFORE, be it resolved by City Council, that the budget for the City of Aspen, Colorado for fiscal year 2023, attach hereto as Exhibit A and incorporated herein by this reference, is hereby amended. All constituted appropriations amounting to $250,074,514, and estimated revenues amounting to $193,420,041 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 ending December 31, 2023, as required pursuant to 29-1-103 (2), C.R.S. SECTION 2: NOW THEREFORE, be it resolved by City Council, that the budget for Aspen Country Inn Affordable Housing Fund for fiscal year 2023, attach hereto as Exhibit A and incorporated herein by this reference, is hereby amended. All constituted appropriations amounting to $454,190 and estimated revenues amounting to $426,650 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 ending December 31, 2023, as required pursuant to 29-1-103 (2), C.R.S. INTRODUCED, READ, APPROVED AND ORDERED PUBLISHED AND/OR POSTED ON FIRST READING on the 14th day of November 2023. A public hearing on the ordinance shall be held on the 28th day of November 2023, in the City Council Chambers, City Hall, Aspen, Colorado. ATTEST: Nicole Henning, City 7L erk Torre, Mayor FINALLY ADOPTED AFTER PUBLIC HEARING on the 28th day of November 20230 ATTES c� v ail. Nicole Henning, City Clerk Approved as to Form: Jim True, City Attorney Torre, Mayor I �w S 6J Oo Ln 13 Ci rn 61 m N C V rrJ � to roV x N W O u h ca f0 cu in LL E C N m N _0) a O a x N a W to O hJ 00 � M c w• c a rn '-• N N m C) CMi C` ) :; c M t�D lri N n N% m M •-�% in M lJ pQ M Ln M V r+ kD r� V1 tN tQ/1 r') `A Vt Vi to m CA .A a4A ! OO (11 NO to Q N C-7 � O V1 n M h Ln O O O U N H H M rJ N � � to •A N VI M M lA nN'1 VM 1�• to to Oh LND CAD C Ln rJ N 4`I n r+ O r� Co N .. 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