HomeMy WebLinkAboutresolution.council.134-25RESOLUTION NO. I34
(SERIES OF 2025)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2026 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
j ointly with the County Commissioners, appoint three additional directors and one alternate
Erector. The County Commissioners appoint the remaining two, one director and one alternate
director, for a total of eight Board Members on 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 2026,
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 2026 is hereby supported by the Aspen City Council. Appropriations
amounting to $4,048,400 and estimated revenues amounting to $3,812,260 for the Housing
Administration Fund, and appropriations amounting to $13 9,511 and estimated revenues of
$99,075 for the Smuggler Affordable Housing Fund, and APCHA Development Fund
appropriations amounting to $24,826 and estimated revenues of $4,370, 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, 2026.
RESOLVED, APPROVED, AND ADOPTED FINALLY by the City oun ' of the City of
Aspen on this 1 lth day of November 2025.
Rachael Richards, ayor
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 I Ith day of November 2025. ,
Nicole Henning, City Clerk
Exhibit A - APCHA & APCHA Managed
Fund Name
Opening
Balance Revenues
Exaenditures
Ending
Balance
620-Housin5 Administration Fund $742,142 $318121260 $410481400 $5061002
622-Smuggler Housing Fund $450,477 $99,075 $139,511 $410,041
632-APCHA Development Fund $620,227 $4,370 $24,826 $599,771