HomeMy WebLinkAboutresolution.council.151-17 RESOLUTION NO. 151
(SERIES OF 2017)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO APPROVING THE 2018 BUDGET FOR ASPEN PITKIN COUNTY
HOUSING AUTHORITY, SMUGGLER AFFORDABLE HOUSING FUND AND
TRUSCOTT PHASE II AFFORDABLE HOUSING 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 three, and jointly appoints one, of the seven
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 2018,
NOW THEREFORE, be it resolved by City Council, that the budget for the Aspen Pitkin
County Housing Authority, Smuggler Affordable Housing and Truscott Phase 11 Affordable
Housing Funds for fiscal year 2018, attach hereto as Exhibit A and incorporated herein by this
reference, is hereby approved. All constituted appropriations amounting to $4,327,770, and
estimated revenues amounting to $3,392,540, 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 beginning January 1, 2018 and ending December 31, 2018, as required
pursuant to 29-1-103 (2), C.R.S.
Adopted this 27`h, day of November 2017
Stev n Skad on, Mayor
1, Linda Manning, 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 27`h day of November 2017.
inda Manning, City Clerk