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TC Ord. No. 1987-19TOWN OF AVON ORDINANCE NO. 87-19 SERIES OF 1987 AN ORDINANCE AMENDING THE MUNICIPAL CODE OF THE TOWN OF AVON TO ALLOCATE REAL ESTATE TRANSFER TAX TO PUBLIC IMPROVEMENTS FUND BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO: 1. Amendment. Paragraph A and B of Section 3.12.110, Chapter 3.12, Title 3, Municipal Code of the Town of Avon, is amended to read as follows: "A. On and after January 1, 1988, said revenues shall be deposited into the public improvements fund of the town for the purpose of capital improvements, including but not limited to, railroad crossings, bridges and streets, payment of principal of premium, if any, and interest on debt incurred by the town relating to capital improvements or, upon determination of an emergency by unanimous minus one vote of councilmembers present, for any valid municipal purpose." INTRODUCED, PASSED ON FIRST READING, APPROVED AND ORDERED POSTED this 28th day of July, 1987, and a public hearing on this Ordinance shall be held at the regular meeting of the Town Council of the Town of Avon, Colorado on the 11th day of August, 1987, at 7:30 p.m. in the Municipal Building of the Town of Avon, Colorado. k- Allan R. ottingham ayor INTRODUCED, PASSED ON SECOND READING, APPROVED AND ORDERED POSTED this 11th day of August, 1987. w~ 77- - Allan R. ottingha Mayor 0 STATE OF COLORADO ) COUNTY OF EAGLE ) SS TOWN OF AVON ) 0 NOTICE IS HEREBY GIVEN OF A PUBLIC HEARING BEFORE THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, AT 7:30 P.M. ON THE 11TH DAY OF AUGUST , 1987, AT THE TOWN HALL FOR THE PURPOSE OF CONSIDERING THE ADOPTION OF ORDINANCE NO. 87-19, SERIES OF 1987: AN ORDINANCE AMENDING THE MUNICIPAL CODE OF THE TOWN OF AVON TO ALLOCATE REAL ESTATE TRANSFER TAX TO PUBLIC IMPROVEMENTS FUND A copy of said Ordinance is attached hereto, and is also on file at the office of the Town Clerk, and may be inspected during regular business hours. Following this hearing the Council may consider final passage of the Ordinance. This notice is given and published by order of the Town Council of the Town of Avon. Dated this 28th day of July , 1987. POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON.July 30 , 1987: THE AVON POST OFFICE IN THE MAIN LOBBY THE CITY MARKET IN THE MAIN LOBBY PESTER GAS STATION; AND THE AVON MUNICIPAL BUILDING IN THE MAIN LOBBY