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07/07/87 <br /> recommending that its new Executive Director, Eugene <br /> Caranci, be appointed to fill this vacancy. <br /> Mayor Fauson moved that Eugene Caranci be appointed <br /> to the Lafayette-Louisville Downtown Revitalization, <br /> Inc. Board. Mohr seconded. Unanimous. <br /> RESOLUTIOW 817 - 1987 BUDGET AMB)IDME11TS <br /> PUBLIC HEARING Rautenstraus related that Resolution #17 is up for <br /> second reading and public hearing tonight and that <br /> Resolution 817 was read in its entirety at the June <br /> 2, 1987, Council Meeting. By title only, Resolution <br /> #17 is "A Resolution amending the 1987 Budget by <br /> decreasing or increasing revenues and appropriations <br /> in the General, Capital Improvement, Special <br /> Improvement, Conservation Trust, Revenue Sharing, <br /> Refunding Water Bonds, Debt Service, Special <br /> Improvement District 86-1 and Wastewater Funds." <br /> Proper publication and notice of public hearing were <br /> established. <br /> Mayor Fauson opened the public hearing. <br /> Asti--Caranci stated that Resolution 017 will amend <br /> the 1987 Budget as stated in its title. Colorado <br /> Budget Law requires that the resolution be adopted <br /> at a public meeting after publication of the <br /> proposed resolution by a majority vote of Council. <br /> The amendments are of a housekeeping nature and <br /> reflects 1) unanticipated revenues; 2) expenditures <br /> • for 1986 projects that carried over into 1987; 3) <br /> 1987 expenditures that have been 'delayed to a future <br /> year; 4) reduction in the number of residential <br /> building permits; 5) 1986 fund balance carryover <br /> adjustments for various funds; 6) transfer of Coun- <br /> cil Contingency Funds; and 7) several recommenda- <br /> tions for the City's auditors. Asti-Caranci de- <br /> tailed these changes. <br /> Finance Committee Chairman Szymanski stated that the <br /> Committee had reviewed these amendments at their May <br /> 19th meeting and are recommending Council adopt the <br /> Resolution. <br /> Sackett stated that in the public's interest he <br /> would like to state that its important to note that <br /> in his opinion, sufficient funding has not been set <br /> aside for street repair. At budget time, this issue <br /> should be looked at very carefully. <br /> Mayor Fauson closed the public hearing and called <br /> for a motion. <br /> 2 <br />