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ordinance.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 Q to Ln m oo O0 M S u m iO v C c m r, � Ln LLJX _ m m —i� p W to t4 V). - N O m N 13 O O -1 O O H C OD Ol O O O1 y -p m m O Qm .Ln-I t4 rQ M X IA V � W O N O O Y M t/} O vii c a O :zt O m Ln 00 0! O N rIq M X Q rj W p_ to tA H d Om O t4 rpt ui (nN -a o to Q c 3 o m X m W m ri 6 0 a, o O o p m m to �p N aJ } an l rn y = v Ln m vi E acioo un � M v �n to ko rn � m H o Z N Z O o o p ,, O to to p a c o 0 0 _ °' 0 0 cC E ,n N � YL � G ami a til. 0 oc o. u Ln W H o o O p a c m m to ko a+ CY) lzr M a ; .a o t 00 a rn W 0 N o?S aLO 00 0O pp m r, Zz O1 C u rV d ar @ -1 m m op a o@ N t4 -CO Ll- a u a Q _0 C C l- O C Ll- N � Y LL C � a) �_ E C N O O a) O 2 v E Q - w mai Z c -6- < on = e o a Li 2 Ln Q 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 1of1 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 1of1 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