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HomeMy WebLinkAboutEPURA RESOLUTION 20ci0RESOLUTIONNO.20ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITYAPPROVINGASUPPLEMENTARYBUDGETANDAPPROPRIATIONSFOR1984WHEREAS,theAuthorityhadadoptedthe1984budgetinaccordancewithstatutoryrequirements,andWHEREAS,atthetimeofsuchadoptiontheAuthoritycouldnotanticipatevarioussourcesofrevenueandappropriationsthereof;andWHEREAS,AppendixA,attachedandmadeparthereof,containstheexplanationofthesupplementary1984budgetdocument,andthebudgetdocumentincludingsourcesofrevenueandappropriationsthereof.NTHEREFOREBEITRESOLVEDBYTHEBOARDOFCOMMISSIONERSOFTHEESTESPARKURBANRENEWALAUTHORITYTHAT:Section1.Apublichearingonthesupplementarybudgetfor1984shallbeheldat9:30a.m.onJuly5,1984,attheEstesParkTownHall.Section2.NoticeofthisresolutionandAppendixAshallbepublishedinfullonetimeintheEstesParkTrail—Gazettepriortothepublichearing.Section3.Thesupplementarybudgetfor1984oftheEstesParkUrbanRenewalAuthorityisherebyadoptedinaccordancewiththememorandumofexplanationofsamedatedMay31,1984fromtheDirector,andthesupplementarybudgetdocumentdatedMay14,1984,bothofwhichdocumentsareattachedheretoandmadeparthereofasAppendixA.ADOPTEDJuly5,1984.(_a1AlCharesH.Phares,ChairmanATTEST:tkTCDQQQBarbaraCole,Se&etary .1’APPENDIXAESThSPARKURBAEJRENEWALAUTHORITYP.O.BOX1200ESTESPARK•COLORADO80577(303)586-5331ChairmanCharlesRPharesExecutiveDirectorIBarbaraColeTO:URABoardFROM:BarbaraCole3C.DATE:May31,1984RE:ExplanationofRevised1984BudgetTheMay14,1984BudgetRevisionismerelyaresultofdatathathadnotpreviouslybeenavailable.Thesearethemostreliablefiguresavailable.Revisionsshouldbeexpectedgiventhat1984isthefirstfulloperatingyearoftheAuthorityandadjustmentshavehadtobemadeinrevenueprojectionsandoperatingbudget.Itisimportanttonotethefollowinglineitemchangesinthe1984Budget:A)SalesTaxIncrementDecemberBudget$73,247March13,198483,320May14,198488,732*B)BondProceedsDecemberBudget-0-March13,1984908,650May14,1984935,621*C)SaleofPublicationsDecemberBudget-0--March13,1984N/AMay14,19842,000D)InterestIncomeDecemberBudget-0-March13,1984N/AMay14,198410,000*actualfigures“PlannedProgress” CDC)PageTwoURABoard1984BudgetMay31,1924E)RentalIncomeDecemberBudgetnotalineitemMarch13,1984notalineitemMay14,1984$600F)InteragencyDecemberBudget$10,100March13,198410,100May.14,19845,300G)Accounting/AuditDecemberBudget1,000March13,19841,000May14,19845,700(reflectsshiftfromTowrH)LandAcquisitionServicesnewlineitemI)CapitalImprovementsBudget-ChangesinthisbudgetreflectexpectedcostofPhaseIStreetscapeImprovements,atake—offonexpectedPhaseIIStreetscapeImprovements,additionofthelineitemMiscellaneousInfrastructureCosts,andamorerealisticdistributionofContingencycostswithintheCapitalImprovementsBudget.Ifthereareanyquestions,IwouldbehappytodiscussitemsindividuallyorataregularlyscheduledBoardmeeting./dh May 14,1984 Actual Revised REVENUE 1983 1984 Budget Carryover $306,580 $369,668 Sales Tax—l%(based on 8%increase)239,463 495,000 Sales Tax Increment —0—88,732 Property Tax Increment —0—?3945 General Fund Transfer (property acquisition)190,000 290,000 Bond Proceeds —Q—935,681 Sale of Publications —0—2,000 Interest Income —0—10,000 Rental Income —0—600 Total Revenue $736,043 $2,265,626 OPERATING BUDGET Salaries 15,354 $44,000 Benefits N/A 11,500 Materials &Supplies 2,162 7,650 Purchased Services 1,876 17,800 Interagency:—0—5,300 Professional: Insurance —0—5,000 Legal 7,588 25,000 Accounting (Bookkeeping &Audit)—0—5,700 Design Services 21,813 120,000 Financial —0—20,000 Construction Management —0—47,000 Trustee —0——0— Planning 126,773 30,000 Land Acquisition Services —0—5,000 Fixed Assets:3,628 5,000 Total Operating Budget $179,194 $348,950 CAPITAL IMPROVENENTS BUDGET Virginia Drive Realignment $187,181 $—0— Streetseape Improvement —Phase I 490,000 Streetscape Improvement —Phase II 440,000 Budget May 14,1984 Page 2 Actual Revised CAPITAL IMFR0VE1fENTS BUDGET (CONT.)1983 1984 Budget Street Lighting $125,000 Misc.Infrastructure Costs Elkhorn Avenue 10,000 Traffic Circulation Improvements 200,000 Land Assembly and Improvements 640,000 Contingency _________ 11,676 Total Capital Improvements Budget $187,181 $1,916,676 TOTAL EXPENSES $2,265,626 Q 29-1-111.6Government-Locallevypursuanttosections43-2-202andexpendituresforroadsandbridges.City.43-2-203.CityofGreeteyv.BoardofCountyColoradoSpringsv.BoardofCou...,Comm’rs,644p.2d76(Cob.Ct.App.1981).Comm’rs,648P.2d671(Cob.Ct.App.1982).Section30-25-106(1)specificallyprohibitsthetransferofcountygeneralfundmoneyfor29-1-111.6.Supplementarybudgetsandappropriations.(1)If,duringtthegoverningbodyoranyspendingagencyofsuchlocalgovernmentreceivesunanticipatedes.orjyenuesnotassuçd,ajj’ofthZãdopUpof1hgtfromanysourceotherthanthelocalgovernment’spropertytaxmilllevy,thegoverningbodyofthelocalgovern-’mentmathorize—the-.expeiditureofthçseunanticipated.orunassuredfundsbynactigasppçmentarybudget(2)(a)Anysuchonlybyordinanceoriso1iiiiondulyadopted,ataptibticmtingifterpuhW”cationofthçpposIjjice..nrjesolutioninfijn..a..nspaper‘haVtfliieralcirculationwithinthe]iitsofthegovernmentalsubdivision,.governingbody.TherequirementsofbIiZttiàniprovidedinthisparagraph(a)shallnotapplytoanylocalgovernmentalunitwhoseannualbudgetistenthousanddollarsorless,butthegoverningbodyofsuchunitshallpostacopyoftheproposedordinanceorresolutioninthreepublicplaceswithinthelimitsofthegovernmentalsubdivisionnolaterthantwenty-fourhourspriortoconsiderationoftheproposedordinanceor-resolution.(b)Suchordinanceorresolutionshallsetforth.jnjulIthesourceofsuchreveneamountofshevenue,thçpurposeforwhichsuchrevéiiãIi’Eidiedandappropriatédindthespendingagencyandfundwhichmoneysbeingsupplementarilybudgetedandappropriated.Acertifiedcopyofsuchordinanceorresolutionshallbefiledwiththedivisionoflocalgovernmentinthedepartmentoflocalaffairs.Source:Added,L.79,p.1124,§1.29-1-113.Nocontracttoexceedappropriation.Duringthefiscalyear,noofficer,department,board,commission,orotherspendingagencyshallexpendorcontracttoexpendanymoney,orincuranyliabiity,orenterintoanycontractwhich,byitsterms,involvestheexpenditureofmoneyforanyofthepurposesforwhichprovisionismadeintheappropriationordinanceorresolution,includinganylegallyauthorized,amendmentsthereto,inexcessoftheamountsappropriatedinsaidordinanceorresolutionforsuchofficer,department,board,commission,otherspendingagency,orpurposeforsuchfiscalyear.Anycontract,verbalorwritten,madeinviolationofthissectionshallbevoidastothelocalgovernment,andnomoneysbelongingtheretoshallbepaidthereon.NothingcontainedinthissectionshallpreventthemakingofcontractsforgovernmentalservicesorthecapitaloutlayforaperiodexceedingoneyearinschooldistrictsorifsuchcontractsareallowedotherwisebylawAnycontractsomadeshallbeexecutoryonlyfortheamountsagreedtobepaidforsuchservicestoberenderedinsucceedingfiscalyears.Source:Amended,L.79,p.1124,§2.5IRecoveryInspeciewherepropunderunenforceablecontract.WisfurnishedtoamunicipalcorE>anunenforceablecontract,andtyhasnotpaidfortheproperty.Iorpersonsupplyingtheproperlequitableterms,recoveritinspeCorp.v’.TownofDillon.648P.Ct.App.l982)Butnorecoverywherepropcrtexistence.Therecanbenorecov29-1-114.ContingencieFailuretoacttorthtactsisIciency.Acityresolutionauunforsecableexpenditurewhiciforthinfullthefactsnecessitatli29-1-118.ViolationisrAppliedinPeoplev.Pile.197’P.2d222(1979);PeoplecxreGentry,199Cob.153,606P.INTERGO29-1-202.Definitions.AppliedinPeoplev.Bailey.504,595P.2d252(1978).29-1-204.EstabIishmenationofcitiesandtownateelectricsystemsmay,ofanyadjoiningstate,esasapowerauthority,tothedevelopmentofeleclofelectricenergyinw[suchcontractingmunicip(3)(n).Todepositmcconductofthepoweraut24-75-603,C.R.S.For(Idirectorsmayappoint,bcustodiansofthemone’suretybondsinsuchamrequires.(4)Theseparatego’municipalitiesshallbeastate,separatefromtheandexistingpoliticalsubtiveofwhetheracontr