HomeMy WebLinkAboutresolution.council.033-74RECORD OF PROCEEDINGS
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RESOLUTION NO. 33
(Series of 1974)
WHEREAS, the City Manager, designated by Charter
to prepare the budget, has prepared and submitted to the
Mayor and City Council the Annual Budget for the City of
Aspen, Colorado, for the fiscal year beginning January 1,
1975, and ending December 31, 1975; and
WHEREAS, the budget as submitted sets forth the
following estimated fiscal data including anticipated
re~nues and expenditures for the year 1975:
1. General Services and Operation
2. Land Acquisition Sales Tax Fund
3. Transportation Sales Tax Fund
4. Water Fund
5. Electric Fund
6. Surplus
$1,976,611.00
443,773.00
189,903.00
523,649.00
661,682.00
400,506.00
$4,196,124.00 and
WHEREAS, the assessed valuation of taxable property
for the year 1974 in the City of Aspen, returned by the
County Assessor of Pitkin County, is the sum of $29,235,520.00;
and
WHEREAS, the City Council has determined that the
proper mill levy upon each dollar of the assessed valuation
on all taxable property within the City of Aspen is 3.6
mills; and
WHEREAS, the City Council has determined that, in
the event additional unexpected revenues accrue during 1975,
it wishes to make of record its commitment of those excesses
for certain expenditures to be approved as Supplemental
RECORD OF PROCEEDINGS
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Appropriation pursuant to Section 9.12 of the Aspen City
Charter
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF ASPEN, COLORADO:
That the budget for the City of Aspen, as submitted,
is hereby adopted; that the estimated budgeted expenditure
requirements of $4,196,124.00 is declared to be the amount
of revenue necessary to be raised by tax levy and income
from all other sources, including surplus at the beginning
of the year to pay the expenses and certain indebtedness of
the City, including interest upon the indebtedness, and to
provide a reasonable surplus at the close of the fiscal year
beginning January 1, 1975, and ending December 31, 1975.
BE IT FURTHER RESOLVED that for the purpose of
defraying the expenses of the City of Aspen, Colorado, during
the fiscal year beginning January 1, 1975, and ending
December 31, 1975, there is hereby levied a tax of 3.6
mills on each dollar of the assessed valuation of the taxable
property in the City of Aspen, Colorado, for the purpose
of raising the sum of $105,400.00 which, together with the
surplus and revenue from all other sources, is estimated to
meet budget expenditure requirements and provide a reasonable
closing surplus for said fiscal year.
BE IT FURTHER RESOLVED, that in the event that
during the fiscal year 1975 the City Manager shall certify that
there are available for appropriation surplus revenues as
estimated in the budget, the City Council shall, as its
first priority, appropriate $72,755.00 including $23,708.00
to satisfy donation requests) to the General Fund and $38,000.00
to the Land Acquisition Sales Tax Fund.
RECORD OF PROCEEDINGS
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Adopted this 15th day of October, 1974.
I, Lorraine Graves, duly appointed and acting City
Clerk of the City of Aspen, Colorado, do hereby certify
that the foregoing is a true and correct copy of the Resolution
adopted by the Aspen City Council at its regular meeting
held Tuesday, October 15, 1974.
Lorraine Graves