HomeMy WebLinkAboutordinance.council.098-75RECORD OF PROCEEDINGS 100 Leaves
ORDINANCE NO. ~
(Series of 1975)
AN ORDINANCE AUTHORIZING A SERIES OF TRANSFERS OF EXCESS MONIES AND
APPROPRIATIONS WITHIN THE CITY'S DEBT SERVICE FUNDS; SPECIFICALLY
THE SEVENTH PENNY SALES TAX FUND, THE SIXTH PENNY SALES TAX FUND, THE
1972 SALES TAX REFUNDING/ACQUISITION FUND AND THE 1970 PUBLIC PURPOSE
BONDED DEBT FUND; AND DECLARING THAT AN EMERGENCY EXISTS REQUIRING
IMMEDIATE ADOPTION
WHEREAS, adjustments of the various debt service funds are
necessary and must be done before the end of the calendar year,
NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF ASPEN, COLORADO:
Section 1
That revenues be recognized and expenditures be approved from
the City's debt service funds as follows:
1973 Sales Tax Revenue Bonds
Unappropriated Fund Balance
Appropriations
Revenues Expenditures
$ 9,910.00
Transfer excess fund balance to
Mall/Transportation Seventh Penny
Sales Tax Fund
$ 9,910.00
Sales Tax Bond Debt Reserve Fund
Interest Income
12,383.00
Transfer from 1972 Sales Tax Refunding/
Acquisition Bond Fund (Revenues held in
wrong fund)
50,000.00
Transfer excess appropriated debt service
to land acquisition Sixth Penny Sales
Tax Fund
4,060.00
Transfer excess appropriated debt service
to Transportation/Mall Seventh Penny Sales
Tax Fund
7,439.00
Transfer excess revenues to 1972 Sales Tax
Refunding/Acquisition Bond Fund
6,483.00
Unappropriated Fund Balance
44,401.00
RECORD OF PROCEEDINGS 100 Leaves
1972 Sales Tax Refunding/Acquisition
Bond Fund
Revenues
Transfer from Sales Tax Bonded Debt
Reserve Fund (excess revenues)
Transfer to Sales Tax Bonded Debt
Reserve Fund (reserves held in wrong
fund)
Transfer Excess Appropriated Debt
Service to Land/Open Space Sixth
Penny Sales Tax Fund
Unappropriated Surplus
Appropriations
Expenditures
$ 6,483.00
$
50,000.00
72,341.00
28,824.00
1970 Public Purpose Bonded Debt
Debt Service Transferred from
General Fund 2,320.00
Bond Coupon Redemption 2,320.00
Section 2
If any provision of this ordinance or the application
thereof to any person or circumstance is held invalid, such
invalidity shall not affect other provisions or applications of
the ordinance which can be given effect without the invalid pro-
visions or applications, and to this end this ordinance is declared
to be severable.
Section 3
That it is hereby declared that an emergency exists
requiring the immediate adoption of this ordinance inasmuch as
all budget ordinances for 1975 revenues or expenditures must be
fully approved by the City's governing body before the end of
the calendar year; that this ordinance be approved only be the
unanimous vote of councilmen present or a vote of five councilmen,
whichever is less; that this ordinance be passed at two meetings
of council; that neither a public hearing nor first publication
be required; that this ordinance be published within ten (10) days
after final passage, and that it take effect upon final passage.
INTRODUCED AND READ by the Aspen City Council at its regular
RECORD OF PROCEEDINGS 100 Leaves
meeting held Monday, December 22, 1975.
:Q%TH~N HAUTER, clT~CLERK
ELIZABETH M. KLYM, DEPUTY CITY CLERK
READ, FINALLY ADOPTED and ordered published by the Aspen
City Council on ~.~-.~t;~.,~.~i_.~[C/~/.C~ /./.~/"~
I~RY~-~UTER~ 'CITYJCLERK
ELIZABETH M. KLYM, DEPUTY CITY CLERK
RECORD OF.PROCEEDINGS 100 Leaves
STATE OF COLORADO )
)
COUNTY OF PITKIN )
ss. CERTIFICATE
I, Kathryn S. Hauter, City Clerk of Aspen,
Colorado, do hereby certify that the above and foregoing
ordinance was introduced, read in full, and passed on
~ ~C~. reading at a regular meeting of the
City Council of the City of Aspen on ~ ~ ~I.~%/ JZ
197~, and published in the Aspen Times, a weekly newspaper
of general circulation, published in the City of Aspen,
Colorado, in its issue of . .~,< r2~,3/ / , 197~___,
and was finally adopted and approved at a~meeting
of the City Council on /=.~cd~_~/
and ordered published as Ordinance No.
197~__~ of said City, as provided by law.
Series of
IN WITNESS WHEREOF, I have hereunto set my hand
and the seal of said City of Aspen, Colorado, this %~{?
Kathry~f S. Hauter
City Clerk