HomeMy WebLinkAboutresolution.council.127-24RESOLUTION NO. I27
(SERIES OF 2024)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2025 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 appoint three additional directors and one alternate
director. The County Commissioners appoint the remaining two, one director and one alternate
Erector, 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 2025,
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 2025 is hereby supported by the Aspen City Council. Appropriations
amounting to $3,833,050 and estimated revenues amounting to $3,989,250 for the Housing
Administration Fund, and appropriations amounting to $170,450 and estimated revenues of
$90,500 for the Smuggler Affordable Housing Fund, and APCHA Development Fund
appropriations amounting to $24,220 and estimated revenues of $16,200, 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, 2025.
Adopted this 12th day of November 2024.
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 12th day of November 2024.