HomeMy WebLinkAboutResolution 2011-0016
CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 16 Series of 2011 TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2011 GENERAL FUND BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION IN THE AMOUNT OF $55,000 FOR THE WHEAT RIDGE BUSINESS DISTRICT REVITALIZATION (WRBD) INCENTIVE GRANT PROGRAM WHEREAS, the City Council recognizes the important role that
the WRBD plays in revitalization efforts in the City, supporting the goals of the Comprehensive Plan and NRS; and WHEREAS, funding the Revitalization Incentive Grant Program provides
grant opportunities through the WRBD for businesses to make sign and fa9ade improvements; and WHEREAS, the Wheat Ridge Charter requires that amendments to the budget be effected by the
City Council adopting a Resolution. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge, Colorado, as follows: A. The City Council authorizes additional funding
of the WRBD Revitalization Incentive Grant Program under the following conditions: a. Prior to the release of the funds the WRBD will provide the City Manager with: i. A full accounting
of the prior expenditures including log of funds received, the amount, names and addresses of prior grants, administrative fees and current balance. ii. A written statement from the
WRBD Board agreeing to the following conditions: 1. Maximum grant award a. $3,000 for signs b. $6,000 for fa9ade c. $2,000 for architectural design 2. Maximum grant award may be increased
by 10% if a local Wheat Ridge contractor is utilized 3. Applicant shall always spend funds equal to or greater than the WRBD grant 4. No more than two grants may be made to anyone land
owner or their immediate family member
B. The City Council authorizes the transfer of $55,000 from the general fund undesignated reserves to account number 01-105-700-710 and amending the 2011 fiscal year budget accordingly.
DONE AND RESOLVED this 13th day of June 2011. 11 (\~. li~ tlr\\) j\\).ll0\ Jerr ~¥UIliO' Mayor ATIEST: