HomeMy WebLinkAboutResolution 077-2011CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 077-2011
TITLE: A RESOLUTION ENACTING A BUDGET FOR TOWN
CENTER AND WHEAT RIDGE CYCLERY URBAN
RENEWAL AUTHORITY FOR THE YEAR 2012
WHEREAS, C.R.S .. 29-1-103 (1) OF THE LOCAL Government Budget Law of
Colorado requires certain local governmental entities to prepare and adopt and annual
budget; and
WHEREAS, the Attorney for the Wheat Ridge Urban Renewal Authority dba
Renewal Wheat Ridge (the "Authority") has opined that the provisions of the Budget
Law do apply to the Authority; and
WHEREAS, notice of adoption of the 2012 budget and appropriation was given
by the Authority in compliance with C.R.S. 29-1-106; and
WHEREAS, in compliance with the provisions of the Budget Law regarding
notice, objections, and hearing, a public hearing was held on the budgets for the Town
Center and Wheat Ridge Cyclery by the Authority on November 15 , 2011.
NOW THEREFORE BE IT RESOLVED by the Wheat Ridge Urban Renewal
Authority as follows:
Section 1: The year 2012 budget for the funds shown as Exhibit 1,
attached hereto is hereby approved for the Town Center.
Section 2: The year 2012 budget for the funds shown as Exhibit 2,
attached hereto is hereby approved for the Wheat Ridge Cyclery.
Section 3: A certified copy of this resolution shall be filed with the Division
of Local Government
ADOPTED this 151h day of November, 2011.
ATTEST:
Steven K . Art , Urban Renewal Manager
R-iel( Adams/J Chair
~t._f,l;,L ~£'/Tit
Vt(!_£ Ot'#ftt<'l1r1/J
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Town Center Fund
T
I I
I I
BEGINNING FUND BALANCE
I
RevenueST
37 -500-00-501 Prope rt y Tax Incremen t
37 -500 -00 -504 Sa les Tax Increme nt
37-520-01-549 C DB G I
37-580-00-581 Interest I
37-580-00-582 Rental Income
37-580 -0 1-583 Prope rty Sa les
37-580-00-588 Mi sce ll aneous Income
I
ITOTAL REVENUE
TOTAL AVAILABLE FUNDS
Personnel
37-120-600-602 Sa laries
37-120-600-625 F ICA
Total Personnel
I
Supplies r
37-120-650-651 Office Supplies I
37-120-650-654 Printirl(J & PhotocOPYing
37-120-650-655 Postaoe
Total s uoolies
Services
37-120-700-702 Confe rence & Meetinas
37-120-700-706 Du es , Books , Sub
37-120-700-740 M ileaoe l
37-120-700-750 Professiona l Services
37-120-700-758 CitY Reimbu rsement
37-120 -700-760 Utilities & Maint.
37 -120-700-799 Misc.
Total Services
Capital
37-120-800-801 Lands. Build irl(Js , & Wat
37-120-800-872 Site Improvements
37-120-800-873 Payment to Fi re District
37-120-890-897 Trans to Waloreens Fund
I
Total Capital
I
TOTAL EXPENDITURES
I
ENDING FUND BALANCE
I
12/31 /2010
Actual
$935 ,834
$0
·$2 18,382
$0
$19,488
$45,000
$0
$0
$282,870
$1,2 18,704
$0
$0
$0
$38
$0
$0
$38
$69
$275
$0
$227 ,649
$6,433
$5 ,390
$1 ,382
$241 ,198
$294 ,029
$0
$0
$0
$2 94 ,029
$535,265
$683,439
EXHIBIT 1
1/1/2011 8/31/2011 12/31 /2011 1/1/2012
Adjusted Actual Estimate Proposed
$683 ,439 $683 ,439 $683,439 $1 ,052,860
$0 $0 $0 $0
$225 ,000 $187,500 $41 2,000 $400 ,000
$0 $0 $0 $0
$10 ,000 $8,9 13 $15,00 0 $5 ,000
$0 $0 $0 $0
$0 $0 $881,096 $0
$0 $186 ,220 $186 ,220 $0
$235,000 $382 ,633 $1,494 ,3 16 $405 ,000
$918,439 $1,066 ,072 $2 ,177 ,755 $1,457 ,860
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$100 $0 $0 $100
$1 ,000 $0 $0 $1 ,000
$0 $0 $0 $0
$1,100 $0 $0 $1,100
$1,000 $0 $0 $1 ,000
$500 $275 $275 $500
$0 $0 $0 $0
$255 ,000 $156 ,540 $310 ,000 $55 ,000
$12 ,000 $0 $12,000 $12 ,000
$5 ,000 $2 ,177 $2,500 $15 ,000
$1 ,000 $908 $908 $1 ,000
$274 ,500 $159,900 $32 5,683 $84,500
$292 ,674 $195 ,116 $292 ,674 $292 ,674
$285 ,000 $206 ,539 $506 ,538 $916 ,925
$0 $0 $0 $0
$0 $0 $0 $0
$0
$577 ,67 4 $40 1,655 $799,21 2 $1,209,599
$853,2 74 $56 1,5 55 $1,124,8 95 $1,295 ,199
$65,165 $504,5 17 $1,0 52,860 $162 ,661
EXHIBIT e
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Wheat Ridge Cyclery Project Fund
12/31/2010 1/1/2011 8/31/2011 12/31/2011 1/1/2012
Actual Budget Actual Estimate Proposed
BEGINNING FUND BALANCE $ $ $ $ $
Revenues
37-580-00-501 Property Tax Increment $ 14 ,159 $ 15 ,000 $ 14,964 $ 14 ,964 $ 15,000
37-580-00-584 Sales Tax Increment $ 30,480 $ 25,000 $ $ 43 ,000 $ 45,000
37-580-00-581 Interest $ $ $ $ $
37-580-02-588 Sale of Property $ $ $ $ $
TOTAL REVENUE $ 44,639 $ 40,000 $ 14,964 $ 57 ,964 $ 60,000
TOTAL AVAILABLE FUNDS $ 44,639 $ 40,000 $ 14,964 $ 57,964 $ 60,000
Services
37-122-700-702 Conference & Meetings $ $ $ $ $
37-122-700-706 Dues, Books, Sub $ $ $ $ $
37-122-700-740 Mileage $ $ $ $ $
37-122-700-750 Professional Services $ $ $ $ $
37-122-700-758 City Reimbursement $ $ $ $ $
37-122-700-799 Misc . $ $ $ $ $
Total Services $ $ $ $ $
Capital
37-122-800-801 Acquisition & Relocate $ $ $ $ $
37-122-800-872 Site Improvements $ 44,639 $ 40 ,000 $ 14 ,964 $ 57 ,964 $ 60,000
37-122-900-901 Loan Payment $ $ $ $ $
Total Capital $ 44 ,639 $ 40,000 $ 14,964 $ 57,964 $ 60,000
TOTAL EXPENDITURES $ 44,639 $ 40,000 $ 14,964 $ 57,964 $ 60,000
ENDING FUND BALANCE $ $ -$ -$ $