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Home My WebLink Aboutordinance.council.074-82 RECORD OF PROCEEDINGS 100 Leaves ORDINANCE NO. 982~ (Series of 1 AN ORDINANCE RECOGNIZING GENERAL FUND REVENUES OF $4,001,800; APPROPRIATING GENERAL FUND EXPENDITURES OF $51,300; TRANSFERRING FROM GENERAL FUND $4,000,000 TO CASTLERIDGE NOTE RECEIVABLE FUND, $206,850 TO DEBT SERVICE FUND - 1980 G.O. F~OUSING, ~qND $9,000 TO ICE GARDEN FUND; TRANSFERRING TO THE GENERAL FUND $95,000 FROM THE POLICE PENSION FUND, $200,000 FROM THE CASTLERIDGE FUND, AND $145,000 FROM THE CASTLERIDGE NOTE RECEIVABLE FUND; APPROPRIATING LAND FUND EXPENDITURES OF $92,500; TRANSFERRING FROM THE LAND FUND $11,$00 TO THE GOLF FUND; TRANSFERRING TO THE LAND FUND $7,000 FROM THE GOLF FUND; TRANSFERRING $30,000 FROM THE TRANSPORTAITON/MALL FUND TO THE TRANSIT FUND; RECOGNIZING ASSET REPLACEMENT FUND REVENUES OF $12,500; APPROPRIATING ASSET REPLACEMENT FUND EXPENDITURES OF $18,500; RECOGNIZING DEBT SERVICE FUND - 1978 SALES TAX REVENUE REFUNDING REVENUES OF $4,380,260; ~qPPROPRIATING DEBT SERVICE FUND - 1978 SALES TAX REVENUE REFUNDING EXPEND- ITURES OF $5,208,949; TRANSFERRING FROM THE DEBT SERVICE FUND - 1978 SALES TAX REVENUE REFUNDING $840,200::)TO'THE DEBT SERVICE FUND I982 SALES TAX REVENUE REFUNDING AND IMPROVEMENT, ~ ::~259,800 TO DEBT SERVICE FUND - 1982 SALES TAX REVENUE REFUNDING; RECOGNIZING GAIN ON REFUNDING OF $311,000 IN " DEBT SERVICE FUND - 1978 SALES TAX REVENUE REFUNDING; RECOGNIZING DEBT SERVICE FUND - 1982 SALES TAX REVENUE REFUNDING AND IMPROVEMENT REVENUES OF $390,~00; APPROPRIATING DEBT SERVICE FUND - 1980 G.O. HOUSING EXPENDITURES OF $206,850; RECOGNIZING CAPITAL PROJECTS FUND - WHEELER & OPEN SPACE REVENUES OF $7,050,000; APPROPRIATING CAPITAL PROJECTS FUND - WHEELER & OPEN SPACE EXPENDITURES OF $4,849,000; RECOGNIZING CASTLERIDGE SALE LONG TERM NOTE RECEIVABLE FUND REVENUES OF $140,000; APPROPRIATING WATER MANAGE- ~ENT FUND EXPENDITURES OF $85,900; APPROPRIATING WATER MANAGEMENT FUND - i!IGHLANDS WATER & SANITATION EXPENDITURES OF $4,000; RECOGNIZING GOLF COURSE FUND REVENUES OF $75,000; APPROPRIATING GOLF COURSE FUND EXPENDITURES OF $4,500; RECOGNIZING CASTLERIDGE FUND REVENUES OF $4,250,000; APPROPRIATING CASTLERIDGE FUND EXPENDITURES OF $4,799,~30; ~ECOGNIZING ICE GARDEN FUND REVENUES OF $~,O00;APPROPRIATING ICE GARDEN FUND EXPENDITURES OF $13~000. '.!HEREAS, the City Manager has certified that these are available for appropriation fund balance and additional revenues in the budget; and WHEREAS, the City Manager has certified that the City has recognized unanticipated, additional revenues and expenditures and trans'fers specified in Exhibit "A"; and WHEREAS, the City Council is advised that certain revenues and expend- itures and transfers be recognized and approved~ and WHEREAS, it is the intent of City Council to recognize and approve such appropriations, expenditures and transfers that are necessary for budgetary compliance. ~!OW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ASPENs COLORADO: RECORD OF PROCEEDINGS 100 Leaves Section 1 Upon the City Manager's certification that there are available for appropriation fund balance and revenues in the budget, the City Council hereby recognizes additional General Fund revenues of $4,~01,800; appropriating General Fund expenditures of $51,300; transferring from General Fund $4,000,000 to Castleridge Note Receivable Fund, ~206,850 to Debt Service Fund - 1980 G.O. !lousing, and $9,900 to Ice Garden Fund; transferring to the General Fund $95,000 from the Police Pension Fund, $200,000 from the Castleridge FUnd, and $145,000 from the Castleridge Note Receivable Fund; appropriating Land Fund expenditures of $92,500; trans- ferring from the Land Fund $11,500 to the Golf Fund; transferring to the Land Fund $7,000 from the Golf Fund; transferring $30,000 from the Transportation/ Mall Fund to the Transit Fund; recognizing Asset Replacement Fund revenues of $12,500; appropriating Asset Replacement Fund expenditures of $18,500; recognizing Debt Service Fund - 1978 Sales Tax Revenue Refunding revenues of $4,380,£60; appropriati'ng Debt Service Fund - 1978 Sales Tax Revenue Refunding expenditures of $5,208,949; transferring from the Debt Service Fund - 1978 Sales Tax Revenue Refunding $840,200 to the Debt Service Fund - 1982 Sales Tax Revenue Refunding and Improvement, $259,800 to Debt Service Fund - 1982 Sales Tax Revenue Refunding; recognizing gain on refunding of $311,000 in Debt Service Fund - I978 Sales Tax Revenue Refunding; recognizing Debt Service Fund - 1982 Sales Tax Revenue Refunding and Improvement revenues of $390,000; appropriating Debt Service Fund - 1980 G.O. Housing expenditures of $206,850; Recognizing Capital Projects Fund - Wheeler & Open Space revenues of $7,Q50,000; Appropriating Captial Projects Fund - Wheeler & Open Space expenditures of $4,849,000; recognizing Castleridge Sale Long Term Note Receivable Fund revenues of $140,~00; appropriating Water Manage- ment Fund expenditures of $85,900; appropriating Water Management Fund - Highlands Water & Sanitation expenditures of $4,000; recognizing Golf Course Fund revenues of $75,000~appropr~a~ing Golf CoUrse Fundle×penditures ~f $4,500; recognizing Castle~}dge Fund Revenues of $4,250~000; appropriating Castleridge Fund expenditures of $4,799~830{ ~ecognizing ICe Garden revenues of $4,000; appropriating Ice Garden Fund expenditures of $13,000. RECORD OF PROCEEDINGS 100 Leaves Section 2 If any section, subsection, sentence, clause, phrase or portion of this ordinance is for any reason held invalid or unconsti:tutional by any court of competent jurisdiction, such portion shall be deemed a seperate, destinct and independent provision and such holding shall not affect the validity of the remaining portions thereof. Section 3 That a public hearing on the ordinance shall be held on the date of /~~f, 1982, 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 Cii~y Council of the City of Aspen, Colorado at its regular meeting held at the City of Aspen one, 1982. H~e ~raan Ede~r ATTEST: ~, City Clerk FINALLY adopted, passed and approved this 27th day of December 1982. A2'TEST: ~athryn S~ffoch, City Clerk RECORD OF PROCEEDINGS 100 Leaves STATE OF COLORADO ) ) ss CERTIFICATE COUNTY OF PITKIN ) 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 .~ ~ '1 ,fCouncl o t e reading at a regular meeting of the City h City of Aspen on ~ /~ , 19 ~, and published in the Aspen Times a weekly newspaper of general circulation published in the City of Aspen, Colorado, in its issue of __~-~J /~ , 19F~, and was finally adopted and approved at a regular meeting of the City Council on ~ ~ , 19 ~ ,-and ordered published as Ordinance No. ~ , Series of t9_~ , of said City, as provided by law. IN WITNESS WHEREOF, I have hereunto set my hand and the seal of said City of Aspen, Colorado this /~ day of . 19. h, City Clerk ~ ~E ~L Deputy City Clerk E X H I B I T "A' GENERAL FUND Revenues County P & Z $ 1,800 Bond Proceeds- 1980 G.O. Housing 4i000,000 Total Revenues .................................... $4,001,800 Expenditures Attorney - Insurance deductible for Kona POst $ 3,500 Recreation - Babe Ruth Tournament 9,000 Pool 10,000 Utilities-pool 13,000 Building - Clayton Meyrings Vacation & Sick Accrual 4,000 Council - Thrift Shop Contribution 10,000 P & Z - Sounty Only Printing 1,~00 GMP Intern 300 Total Expenditures ..... ........................... $ 51,300 Transfers To ca~tleridge Note Receivable Fund $4,000,000 To Debt.'Service - 1980 G.O. Housing 206,850 From Police Pension 95,000 From Castleridge 200,000 From Castleridge Note Receivable Fund 145,000 To Ice Garden (Subsidy) 9,000 Net Transfers Out ........ r---% .................... $3,757,850 !.AND FUND Expenditures Amortization of costs to sell Plum Tree (4 yrs.) $ 92,500 Transfers /To Golf Fund (Cart Storage Improvements) $ 4,500 !From Golf Fund (Accrued Interest on 1982 Refunding) 7,000 To Golf Fund (Accrued Interest on 1982 Refunding) 7,000 Net Transfers Out ................................. $ 4,500 TRANSPORTATION/MALL FUND Transfers To Transit Fund (Operations Subsidy) $ 30,000 PAGE 1 E X H I B I T ASSET REPLACEMENT FUND Revenues County Revenues - Animal Control Truck $ 7,500 D.P, Printer 5~000 Total Revenues .......................... ........... $ 12,500 Expenditures Blueprinter for Engineering $ 3,000 Backhoe 1,000 Animal Control Truck 8,500 D.P. Printer 6,000 Total Expenditures ................................. $ 18,500 DEBT SERVICE (1978 Sales Tax Revenue Refunding) Revenues 3ond Proceeds from 1982 Issues $4,~80,260 Expenditures Issue Costs $ 258,949 Advance Refunding of 1978 Issue 4,950,000 Total Expenditures ................................. $5,208,949 Transfers To 1982 Sales Tax Revenue Refunding & Improvement $ 840,200 To 1982 Sales Tax Revenue Refunding 259,800 Ne~ Transfers Out .................................. $1,100,000 Sain on Refunding § 311,000 DEBT SERVICE FUND (1982 Sales Tax Revenue Refunding) Transfers From 1978 Sales Tax Revenue Refunding $ 259,800 DEBT SERVICE FUND (1982 Sales Tax Revenue Refunding & Improvement) Revenues ~ond Proceeds - Reserves $ 390,000 Transfers From 1978 Sales Tax Revenue Refunding $ 840,200 DEBT SERVICE - (1980 G.O. Housing) ~penditures Principal due 11-15-82 $ 50,000 Interest due 11-15-82 156,850 Total Expenditures ................................. $ 206,850 Transfers From General Fund $ 206,850 PAGE 2 E X H I B I T "A" SAPITAL PROJECTS FUND (Wheeler & Open Space) Revenues Bond Proceeds $7,050,000 Expenditures Open Space - Repay Central Bank $ 689,200 Bond Issue Costs 187,000 Appraisal 1,000 Open Space Purchases 2,499,~00 Total Open Space Expenditures ...................... $3,376,000 ~heeler - Repay Central Bank $1,272,000 Bond Issue Costs 201,000 Total Wheeler Expenditures ......................... $1,473,000 Total Expenditures ................................. ~,~49,~00 CASTLERIDGE SALE (Long Term Note Receivable) Revenues Interest Income (including accrual) $ 140,000 Transfers To General Fund - 1982 Principle & Interest Receipts (including interest accrual) $ 145,~00 From General Fund - 4,000,000 Net Transfer In .................................... $3,855,000 ~TER Expenditures 1981 Bond Fund - Wages $ 25,000 Knollwood Pump Station-pumps 3,500 Total 1981 Bond Expenditures ....................... $ 28,500. 1982 Bond Fund - Data Processing $ 7,000 Castle Creek Filter Plant Eng, Fees 7,000 Aspen Grove Reservoir - construction 29,000 landscaping 2,700 licenses/permits 4,300 engineering fees 3,000 Tiehack Reservoir - licenses & permits 5,900 engineering fees 18,000 Maroon Creek - [ngineering Fees 9,000 Total 1982 Bond Expenditures ....................... $ 85,900 Highlands Water & Sanitation -~ Reservoir Engineering Fees $ 4,000 Total 4,000 PAGE 3 E X H I B I T "A" TRANSIT FUND Transfers From Transportation/Mall (Operations Subsidy) $ 30,~00 GOLF COURSE FUND Revenues Gain on Refunding $ 75,000 Expenditures Construction Fees - Golf Cart Storage Improvement $ 4,500 Transfers From Land Fund (Golf Cart Storage Improvement) $ 4,500 To Land Fund (Accrued Interest on 1982 Refunding) 7,000 From Land Fund (Accrued Interest on 1982 Refunding) 7,000 Net Transfers In ................................... $ 4,500 CASTLERIDGE ~evenues Sale of Castleridge $4,250,000 Expenditures $onstruction - Grouting $ 218,000 Professional Fees & Other 93,130 Water Tap Fees 107,600 Title Insurance 12,700 Engineering Fees 8,400 Cost of Assets Sold (at NBV) (including tap fees) 4,360,000 Total Expenditures ................................. $4,779,830 Transfers To General Fund $ 200,000 ICE GARDEN Revenues Hockey $ 3,000 Other Sales 1,000 Total Revenues ..................................... $ 4,000 Expenditures Wages - Temporary Help $ 4,000 Hockey Camp - Uniforms, Meals, !lisc. 4,000 Advertising 1,500 Repairs & Maintenance - Zamboni 2,000 Equipment - Cash Register & Amplifier 1,500 Total Expenditures ................................. $ 13,000 Transfers From General Fund (Subsidy) $ 9,000 PAGE 4