HomeMy WebLinkAboutordinance.council.07-26ORDINANCE No. 07
(Series of 2026)
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO
APPROPRIATING AN INCREASE IN 1) THE 2026 MUNICIPAL BUDGET; AND 2)
THE 2026 BUDGET FOR TRUSCOTT PHASE II AFFORDABLE HOUSING FUND
WHICH IS A COMPONENT UNIT FUND OF THE CITY OF ASPEN, AND
AUTHORIZING APPROPRIATIONS PURSUANT 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, the 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 2026.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ASPEN, COLORADO*
SECTION 1:
That the budget for the City of Aspen, Colorado for fiscal year 2026, attach hereto as Exhibit A
and incorporated herein by this reference, is hereby amended. All constituted appropriations
amounting to $388,322,225 and estimated revenues amounting to $236,197,143 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, as required
pursuant to 294403 (2), C.R.S.
SECTION 2:
That the budgets for Truscott Phase II Affordable Housing Fund for fiscal year 2026, attach hereto
as Exhibit A and incorporated herein by this reference, is hereby amended. All constituted
appropriations amounting to $2,188,510, and estimated revenues amounting to $1,132,190 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, 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 loth day of March 2026.
A public hearing on the ordinance shall beheld on the 24th day of March 2026, in the
City Council Chambers, City Hall, Aspen, Colorado.
ATTEST:
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Nicole Henning, City Cle_ c
Rachel Richards, Mayor
FINALLY ADOPTED AFTER PUBLIC HEARING on the 24th day of March 20260
ATTEST:
Nicole Henning, City -be
Approved as to Foryn:
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Rachel Richards, Mayor