HomeMy WebLinkAboutordinance.council.001-77RECORD OF PROCEEDINGS
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ORDINANCE I~O, 1
(Series of 1977)
AN ORDINANCE AUTHORIZING THE EXPENDITURE OF
$4,743.11 FOR EMPLOYMENT OF ADDITIONAL CITY
PERSONNEL; RECOGNIZING THE RECEIPT OF A LIKE
AMOUNT IN THE FO~4 OF A CETA GRANT AND ALLOCATING
THE APPROPRIATIONS TO THE GENERAL FUND
WHEREAS, the City Manager has certified that there are
available for appropriation revenues in excess of those estimated
for this fiscal year which were given to the City in the form of
a CETA grant, and
WItEREAS, such funds must be applied to the employment
of additional city personnel and must be appropriated in the
most expeditious manner possible,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
TRE CITY OF ASPEN, COLORADO:
Section 1
That there be recognized additional revenues to the
General Fund and that they likewise be appropriated as follows:
General Fund Appropriations
Revenues Expenditures
$4,743.11
$4,743.11
CETA GRANT
Salaries
$4,743.11
$4,743.11
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
provision or application, and to this end the provisions of this
ordinance are declared to be severable.
RECORD OF PROCEEDINGS
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Section 3
A public hearing on the ordinance shall be held on
~ ~ , 1977 at 5:00 p.m. in the City
Council Chambers, Aspen City Hall, Aspen, Colorado.
INTRODUCED, READ AND ORDERED published as provided by
law by the City Council of the city of Aspen, colorado, at its
regular meeting held at the City of Aspen on the /~ day of
/ ~ St~cy St~dley' III~-~ra~;or ~
BY: H. Michael Behrendt,
Mayor Pro Tem
ATTE ST:
~athryn ~. Hauter
City Clerk
FINALLY adopted, passed and approved on ~he~
ATTEST:
day
Kathryn ~. Hauter
City Clerk
RECORD OF PROCEEDINGS
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STATE OF COLORADO )
) ss
COUNTY OF PITKIN )
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 ~'
reading at.a regular meeting of the City Council of the
C~ty of Aspen on ~ ~2.~ /~, 1977, and publish-
ed in the Aspen Times a weekly newspaper of general circul-
ation, published in the City of Aspen, Colorado, in its
issue of ~~ /~ , 197 7, and was finally
and approved at a regular meeting of the City Council om
~=~ , 197 7 , and ordered published as
Ordinance No. / , Series of 197 ~, of said City, as
adopted
provided by law.
IN WITNESS WHEREOF, I have hereunto set my hand and
the seal of said City of Aspen, Colorado, this ~
day of _~ , 197~ .
Kathryn S~Hauter, City Clerk
RESOLUTION "~ i
WHEREAS, the City Council has determined that it is necessary to
increase the treated water storage capacity and to construct and install other
improvements to the City's water system; and
WHEREAS, the estimated cost of such improvements is approxi-
mately $850,000, and the City Council has determined that general obligation bonds
of the City in the amount not exceeding $850,000 should be issued for such purpose;
and
WHEREAS, Section 10.3 of the City Charter provides in part that
securities issued for the purpose of acquiring, improving or extending any municipal
utility system may be issued without the question of issuing such bonds being
approved by the qualified electors of the City; and
WHEREAS, the City Council has determined that the proposed issue
of general obligation bonds will be for the purpose of improving the water utility
system of the City, and pursuant to the City charter, no election is required prior
to the issuance thereof; and
WHEREAS, the anticipated rates of interest of the bonds is at a low
point for the last three years; and
WHEREAS, the City Council has determined that timing of the bond
sale can be advantageous to the City; and
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO:
That the City Manager and Finance Director are instructed to initiate
action for the sale of the bonds. The maturity schedule, interest rates and other
terms will be determined in consultation with Kirchner, Moore and Company,
Denver, Colorado. The timing of the sale will be subject to the approval and
ratification of the City Council in the form of an ordinance.
Council also directs that the proper ordinances and actions be made
available for the sale of the bonds.
The maturity schedule will be as follows:
Year Amount
1977 $ 25,000
1978 50,000
1979 50,000
1980 50,000
1981 50,000
1982 50,000
1983 75,000
1984 100,000
1985 100,000
1986 100,000
1987 100,000
1988 100,000
RESOLVED AND APPROVED THIS 10th DAY OF JANUARY, 1977.
/ Mayor P~o T~m ~ ~'
~ty Clerk