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GID Resolution 1,... .�.. � SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO.1 TOWN OF SNOWMASS VII,LAGE, COLORADO RESOLUTION NO. 1 SERIES OF 2008 A RESOLUTION AMENDING THE 2008 BUDGET FOR THE SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO. 1, OF THE TOWN OF SNOWMASS VILLAGE, COLORADO. WHEREAS, the Board of Directors of the Snowmass Village General Improvement District No. l has directed the General Improvement District No. 1 Advisory Board to prepare and submit a 2008 revised budget to the Board of Directors by December 31, 2008; and WHEREAS, the Advisory Board has submitted a 2008 revised budget to the Board of Directors on October 20, 2008; and WHEREAS, interest income has decreased from budget and expenditures for snowmelting Lower Carriageway/Wood Road and the Sky Cab are lower than budgeted for 2008. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Snowmass Village General Improvement District No.1 of the Town of Snowmass Village, Colorado: Section One: Adoption That the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village, Colorado 2008 budget be adjusted to the 2008 revised budget, a true and accurate copy of which is attached hereto. Section Two: Appropriation That the 2008 revised budgeted revenue is hereby appropriated for expenditure during the 2008 budget year. INTRODUCED, READ AND ADOPTED by the Board of Directors of the Snowmass Village General Improvement District No. 1 of the Town of Snowmass Village, Colorado on the 20th day of October, 2008 with a motion made by Sparhawk, seconded by Mordkin. The motion was approved by a vote of 3 in favor to 0 opposed. Mercatoris and Lewis were absent. os -o 1 GID RES O SNOWMASS VILLAGE GENERAL IMPROVEMENT DISTRICT NO. 1 Chairperson, John John Wilkinson ATT S Rhonda Coxon, Secretary