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EPURA RESOLUTION 239
00RESOLUTIONNO.239ARESOLUTIONOFTHEESTESPARKURBANRENEWALAUTHORITYOBLIGATINGCERTAINUNSPENTBUDGETEDREVENtJESANDRESERVEFUNDINCREASESANDAUTHORIZINGANDAPPROPRIATINGOFTHESEACTIONSWHEREAS,ArticleXSection20totheStateConstitutionwasapprovedbytheelectorateoftheStateonNovember3,1992;andWHEREAS,theConstitutiondefinesTTfiscalyearspendingiTtoincludeallexpendituresandreserveincreasesexceptreservetransfersorexpendituresandotheritems;andWHEREAS,theEstesParkUrbanRenewalAuthorityhasunspentcontractualobligations;andWHEREAS,theEstesParkUrbanRenewalAuthorityhasunobligatedfundbalancesin1995anddesirestoestablishpursuanttotheprovisionsofSection2(e)ofArticleXSection20non-emergencyrevenueincreasessothatsuchreservesmaybeutilizedinfuturefiscalyearsforthepurposespecifiedintheColoradoUrbanRenewallaw,otherapplicablelawsandtheEstesParkDowntownRedevelopmentProgramasamendedormaybeamended;andWHEREAS,alegitimatelegalissueexistsastowhethertheprovisionsofArticleXSection20applytotheAuthority,whichissuemaynotberesolvedbycourtrulingortheirlegalprocessesintheforeseeablefuture;andWHEREAS,incontinuationofunresolvedmattersoftheApplicationofArticleXSection20andtheconfusionanddifficultywithinterpretationofcertainprovisionsofArticleXSection20,theAuthorityisneverthelesscommittedtocomplyingwithArticleXSection20asitunderstandsandingoodfaithinterpretsArticleXSection20atthistime.NOW,THEREFORE,BEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:Section1:EstesParkUrbanRenewalAuthorityreservesallremainingfundbalancesorcashintheGeneralFundfor1995asnon-emergencyTreserveincreasesTTforfutureoperationsandcapitalprojectsoftheAuthority.Section2:AnyandallAuthorityfundsand/orrevenuesnotexpendedinthefiscalyear1995shallbedeemedtobepartofandincludedintherespectiveReserveFundsforthefiscalyear1995. aSection3:Notwithstandingtheforegoing,anyandallyearendfundbalancesshallbeconsidereda“reserveincrease”andthereforeapartofthe1995“fiscalyearspending”withinthemeaningofArticleXSection20(2)(e)oftheColoradoConstitution.Section4:ExpendituresfromtheReserveFundshallbeasdirectedbytheBoardofCommissioners.Section5:Ifanyclause,sentence,sectionorpartofthisResolutionortheapplicationthereofshallforanyreasonbeadjudgedbyacourtofcompetentjurisdictioninvalid,suchjudgmentshallnotaffect,impairorinvalidatetheremainderofthisResolution,oritsapplicationthereof.ADOPTEDthis6thdayofDecember1995.ESTESPARKURBANRENEWALAUTHORITYChairmanATTEST:/7/7/t/____________-Secretary