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TC Resolution 24-27 Establishing the Finance Committee as a Permanent Committeen Avon COLORADO RESOLUTION 24-27 ESTABLISHING THE FINANCE COMMITTEE AS A PERMANENT COMMITTEE WHEREAS, the Town of Avon, Colorado ("Town") is a home rule municipality and political subdivision of the State of Colorado organized and existing under a home rule charter (the "Charter") pursuant to Article XX of the Constitution of the State; and WHEREAS, Section 11.2 of the Charter states that Council may create any boards or commissions including an advisory committee; and WHEREAS, the Town Council finds that the Ad Hoc Finance Committee provides valuable important review, research and advisory functions with regard to the financial understanting of the Avon community; and WHEREAS, the Town Council finds that the Ad Hoc Finance Committee has promoted citizen understanding and involvement in the Town financial matters and will thereby promote the health, safety and general welfare of the Avon community. Option A: NOW THEREFORE, the Town Council, hereby RESOLVES to modify the existing ad hoc committee into a permanent Finance Committee by amending Resolution 19-15, as follows: mom Option B: NOW THEREFORE, the Town Council, hereby RESOLVES to extend Resolution 22-05 Extending Resolution No. 19-15 Approving an Ad Hoc Finance Committee until January 31, 2026, with the following amendments: Section 16. Expiration. The Finance Committee is a temporary, non -permanent advisory board and shall automatically expire on January 31, 242-4 2026 unless terminated earlier by Town Council resolution or unless the expiration date is extended by Town Council by resolution. ADOPTED November 12, 2024 by the AVON TOWN COUNCIL By Attest: Miguel Jauregui Resolution 24-27 Establishing Finance Committee as a Permanent Committee November 12, 2024 Page 1 of 1 o�INOFq�' 5.L. ue a, Town rk'