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HomeMy WebLinkAboutordinance.council.065-79RECORD OF PROCEEDINGS 100 Leaves ORDINANCE NO. ~ (Series of 1979) AN ORDINANCE TRANSFERRING FUNDS FROM THE LAND ~qD OPEN SPACE FUND AND THE TRANSPORTATION FUND IN THE AMOUNT OF $158,725.00 AND $66,275.00 RESPECTIVELY, APPROPRIATING PRIOR YEAR SURPLUS FROM THE DEBT RESERVE FUND IN THE AMOUNT OF $50,000.00 AND APPROPRIATING BOND REVENUES EXPENDITURE IN THE AMOUNT OF $275,000.00 IN THE DEBT RESERVE FUND WHEREAS, the City Manager has certified able for transfer and appropriation revenues estimated in the budget; and WHEREAS, the City Council is advised that that there are avail- in excess of those certain revenues and expenditures must be recognized and approved. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: Section 1 Upon the City Manager's certification that there are avail- able for transfer and appropriation revenues in excess of those estimated in the budget, the City Council hereby makes a supple- mental appropriation of transfers from the Land and Open Space Fund in the amount of $158,725.00 and from the Transportation Fund in the amount of $66,275.00; and of $50,000.00 for the purpose of increasing the bond reserve expenditure in the Debt Reserve Fund in the amount of $275,000.00 as required by Ordinance No. 9 (Series of 1978) authorizing Sales Tax Refunding Revenue Bonds, Series 1978. Section 2 If any section, subsection, sentence, clause, phrase or por- tion of this ordinance is for any reson held invalid or unconsti- tutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining por- tions thereof. RECORD OF PROCEEDINGS 100 Leaves Section 3 That a public hearing on 9th day of P.M. in the City Colorado. the meeting 1979. ATTEST: the ordinance shall be held on the October , 1979, at 5:00 Council Chambers, Aspen City Hall, Aspen, INTRODUCED, READ AND ORDERED published as provided City Council of the City of Aspen, Colorado, at its held at the City of Aspen on September 25th by law by regular Herman Edel Mayor Kathryn S .~Koch City Clerk FINALLY adopted, passed and approved on ATTEST: -2- RECORD OF PROCEEDINGS 100 Leaves STATE OF COLORADO ) ) ss COUNTY OF PITKIN ) CERTIFICATE I, Kathryn S. Koch, 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 ~ouncil of the City of Aspen on ~, 197.~, and published in the Aspen Times a ~eekly newspaper of general circul- ation,' published in the City of Aspen, Colorado, in its of ~~ , 1977, and was finally adopte issue and approved at a regular meeting of the City Council on ~ ~ , 1973, and ordered published as Series of 197~, of said City, as Ordinance No. ~3 , provided by law. IN WITNESS WHEREOF, the seal o~ said day of I have City of Aspen, hereunto Colorado, , 197f. set my hand and this ~ SEAL Kathyrn S. ~och, City Clerk Deputy City Clerk