HomeMy WebLinkAboutordinance.council.036-18 ORDINANCE NO. 36
(Series of 2018)
AN ORDINANCE APPROPRIATING AN INCREASE IN THE ASPEN
COUNTRY INN AFFORDABLE ONE HOUSING FUND OF$7,832,640.
WHEREAS, by virtue of Section 9.12 of the Home Rule Charter, the City Council may
make supplemental appropriations; and
WHEREAS, the City Manager has certified that the City has unappropriated current year
revenues and/or unappropriated prior year fund balance available for appropriations in
the following funds: ASPEN COUNTRY INN AFFORDABLE ONE HOUSING FUND.
WHEREAS, the City Council is advised that certain expenditures, revenue and transfers
must be 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 current year revenues and/or prior
year fund balances available for appropriation in the: ASPEN COUNTRY INN
AFFORDABLE ONE HOUSING FUND: the City Council hereby makes supplemental
appropriations to fiscal year 2018 as itemized in the following:
Opening Original Fall Amended Original Fall Amended Ending
Balance Revenues Supplemental Revenues Expenditures Supplemental Expenditures Balance
Revenues Expenditures
$1,162,522 $409,000 $8,825,293 $9,234,293 $357,350 $7,832,640 $8,189,990 $49,009
*Ending balance reflects working capital only and not total assets held by the Fund.
Section 2
If any section, subdivision, sentence, clause, phrase, or portion of this ordinance is for
any reason invalid or unconstitutional by any court or competent jurisdiction, such
portion shall be deemed a separate, distinct and independent provision and such holding
shall not affect the validity of the remaining portion thereof.
INTRODUCED, READ, APPROVED AND ORDERED PUBLISHED AND/OR
POSTED ON FIRST READING on the 12th day of November 2018.
A public hearing on the ordinance shall be held on the 26th day of November 2018,
in the City Council Chambers, City Hall,Aspen, Colorado
A EST:
Linda Manning,City Cler Steven Skadron Mayor
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FINALLY ADOPTED AFTER PUBLIC HEARING on the 26th day of November
2018.
TEST:
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ku
Linda Manning,City C rk Stev Skadr n,Mayor
Approved as to Form:
�—
ames R. True,City Attorney
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