HomeMy WebLinkAboutordinance.council.030-19 ORDINANCE NO. 30
(Series of 2019)
AN ORDINANCE APPROPRIATING AN INCREASE IN THE
• HOUSING ADMINISTRATION FUND OF $1,134,981;
• APCHA DEVELOPMENT FUND OF $250,000
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: Housing Administration Fund, APCHA Development 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 funds mentioned above, the City
Council hereby makes supplemental appropriations as itemized in the Exhibit A.
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, 2019.
A public hearing on the ordinance shall be held on the 26th day of November, 2019, in
the City Council Chambers, City Hall, Aspen, Colorado.
ATTEST:
Linda Manning, City Clerl Torre, Mayor
Page 1 of 2
FINALLY ADOPTED AFTER PUBLIC HEARING on the 26th day of November, 2019.
AT75T:
Linda Manning, City Cler Torre, Mayor
Approved as to Form:
j'James R.True, City Attorney
Page 2 of 2
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2019 Fall Budget Ordinance Exhibit B
Previously Approved
Request Title Request Justification
632-APCHA Development Fund
Purchase of Deed $220,000 APCHA Board Approved Funding on April 3, 2019 (Resolution No. 06). This is the
Restricted Property formal appropriation of$220,000 in funding approved by the APCHA board for the
purchase of Deed Restricted Property known as Unit 6,Ajax Condominiums 107
Aspen Mountain Road,Aspen Colorado.
Remodel of Deed $30,000 APCHA Board Approved Funding on September 18, 2019 (Resolution No.09). This is
Restricted Property the formal appropriation of 30,000 in funding approved by the APCHA board for
maintenance repairs and updating the Deed Restricted Property known as Unit 6,
Ajax Condominiums 107 Aspen Mountain Road,Aspen Colorado.
$250,000
2019 Supplemental Exhibit C
Operational Carry Forwards
Department/Project Request
620-Housing Administration Fund
Work Stations-A yearly allocation is made for the replacement of workstations. All unspent authority is $15,116
carried forward into the following fiscal year for the departments to address the replacement as needed.
PCs-A yearly allocation is made for the replacement of PCs. All unspent authority is carried forward into the $1,958
following fiscal year for the departments to address the replacement as needed.
$17,074
OPERATIONAL CARRY FORWARD REQUESTS 17 074
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2019 Supplemental Exhibit D
Capital Carry-Forward Requests
2019 Carry Forward
Department/Project Lifetime Budget Request
620-Housing Administration Fund
50744 Housing Info Mgmt System and Efficiency Reforms Solutions-now
$1,405,000 $867,907
called "HomeTrek„
$1,405,000 $867,907
TOTAL CAPITAL CARRY FORWARD REQUESTS $1,405,000 $867,907
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2019 Fall Budget Ordinance Exhibit E
Technical
Request Title Request Justification
620-Housing Administration Fund
Foreclosures and $250,000 Net zero impact: In the Spring of 2019,City Council approved $250,000 in the
Property Buy Backs Housing Development Fund to fund a potential increase in foreclosures and property
buy backs. These buy backs transactions are made from the APCHA Housing
Administration fund. This is the action needed to formally appropriate this
authority. If this budget authority is used in 2019 an offsetting cash transfer from
the 150 Fund will be made.Therefore,this increase is a net zero impact to the
Housing Admisistrations Fund balance.
$250,000