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HomeMy WebLinkAboutR88-073 Transferring Funds for Capital ExpenditureCommissioner Qc / 's % —x- /C7��c tq moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 88- RESOLUTION REAPPROPRIATING AND TRANSFERRING FUNDS FROM THE CAPITAL IMPROVEMENTS FUND TO THE CAPITAL EXPENDITURE FUND FOR FISCAL YEAR 1988 WHEREAS, the Board of County Commissioners of the County of Eagle, State of Colorado (hereinafter "Board ") desires to purchase approximately 92 acres of land for runway protection at the Eagle County Airport; WHEREAS, the aforementioned expenditure was not anticipated at the time of the adoption of the 1988 budget, and thus revenues were not appropriated for the payment of the same; and WHEREAS, the Board appropriated money in the amount of 8425,000.00 to the Capital Improvements Fund for the expansion of the Justice Center; and WHEREAS, the Board deems it is necessary not to expend money for the purpose of expansion of the Justice Center for fiscal year 1988; and WHEREAS, the Board desires to reappropriate and transfer certain funds in the amount of $200,000.00 from the Capital Improvements Fund to the Capital Expenditure Fund in order to meet the expenditure of purchasing land for the Eagle County Airport; and WHEREAS, the Board has the authority to reappropriate and transfer from one County Fund to another monies needed for expenditures by authorizing a budget transfer, pursuant to Section 29 -1- 111.5, C.R.S. NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, the Board hereby authorizes a reappropriation and transfer of $200,000.00 previously showing in the 1988 Eagle County Budget under County Capital Improvements Fund to the Capital Expenditure Fund. THAT, the Treasurer of the County of Eagle is hereby requested and directed to take all action necessary to effectuate the intent of this Resolution. THAT, pursuant to Section 29- 1- 111.5, C.R.S., this Resolution, as proposed, has been published in full one time in a newspaper having general circulation within the territorial limits of the County of Eagle, State of Colorado. THAT, the Eagle County Budget Officer is hereby requested and directed to immediately transmit an original or certified copy of this Resolution to the affected spending agencies and the officer or employee of the County of Eagle whose duty it is to draw warrants or orders for the payment of money. THAT, the Eagle County Budget Officer is hereby further requested and directed to file and original or certified copy of this Resolution with the Division of Local Governments in the Department of Local Affairs. THAT, this Resolution is necessary for the public health, safety and welfare of the County Eagle, state of Colorado. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the .:ice day of Gt S. 1988. COUNTY OF EAGLE ST , ATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS vvuua.y ._.wuuuao�. vaac a.o K By: r er A, GeorgeOA. Gates Chairman Donald H. Welch Commissioner Commissioner C4 f%7 ? S seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner George A. Gates L Commissioner Donald H. Welch 27�S�wT Commissioner Richard L. Gustafson This Resolution passed by 15 C-) vote of the Board of County Commissioners of the County of Eagle, State of Colorado. 3