HomeMy WebLinkAboutURA Resolution 2001-07
ORiGINAL
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 07
Series of 2001
TITLE:
A RESOLUTION ENACTING A SUPPLEMENTAL BUDGET AND
APPROPRIATION FOR THE YEAR 2001.
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 an annual budget; and
WHEREAS, the Attorney for the Authority has opined, by memorandum dated August 29, 2001, that
the provisions of the Budget Law do apply to the authority; and
WHEREAS, C.R.S. 29-1-109 enables the Authority to make changes to an adopted budget upon
approval of a resolution complying with the notice provisions of C.R.S. 29-1-106; and
WHEREAS, notice of adoption of this supplemental budget and appropriation was given by the
Urban Renewal 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 this Supplemental Budget and Appropriation for 2001 by the Authority
on October 15, 2001.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as follows:
Section 1. A supplemental budget and appropriation of the Wheat Ridge Urban Renewal Authority
2001 Budget is hereby approved. The purpose of the supplemental budget is to transfer funds from the fund
balance to the professional services account in the amount of$160,500.00 in order to reimburse consultants for
various work performed on behalf of the Authority and, in accordance with C.R.S. 31-25-107 (9) (a) II of the
"Urban Renewal Law," to transfer to the City of Wheat Ridge $280,000.00 of excess municipal sales tax
incremental revenues for the purpose of paying for some of the costs of the 38ili Avenue Streetscape Pilot
Proj ect.
Section 2. The moneys are being transferred from the fund balance. The source of the fund balance is
property and sales tax incremental revenues generated in the urban renewal area and the interest on banking
and Colotrust accounts.
Section 3. A certified copy of this resolution shall be filed with the Division of Local Government.
ADOPTED the /51-1-- day of (Jf3h/rtv , 2001.
WHEAT RIDGE URBAN RENEWAL AUTHORITY
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Chairman
ATTEST:
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Secretary t e Authonty
C:\MyFiles\WPFiles\URA\2001 sup budget res.wpd
URBAN RENEWAL BUDGET
2001 SUPPLEMENTAL BUDGET AND APPROPRIATION FUND 37
ACTUAL 2000 BUDGET 2001 REV. 2001
BEGINNING FUND BALANCE $439,321 $515,051 $515,051
Revenues
37-500-00-501 Property Tax Increment $238,000 $240,000 $256,300
37-500-00-504 Sales Tax Increment $100,000 $100,000 $100,000
37-580-00-581 Interest $25.000 $25.000 $22.000
TOTAL REVENUE $802,321 $880,051 $893,351
Personnel
37-120-600-602 Salaries $0 $0 $0
37-120-600-625 FICA ro ro ro
Total Personnel $0 $0 $0
Supplies
37-120-650-651 Office Supplies $300 $500 $200
37-120-650-654 Printing & Photocopying $500 $3,000 $2,000
37-120-650-655 Postage $200 $600 $600
Total Supplies $1,000 $4,100 $2,800
Services
37-120-700-702 Conference & Meetings $1,000 $2,000 $350
37-120-700-706 Dues, Books, Sub $3,200 $3,200 $3,200
37-120-700-740 Mileage $0 $300 $0
37-120-700-750 Professional Services $51,370 $105,000 $265,500
37-120-700-758 City Reimbursement $5,000 $5,000 $7,500
37-120-700-799 Misc. $200 $200 $200
Total Services $60,770 $115,700 $276,750
Capital
37-120-800-801 Acquisition & Relocate $0 $0 $0
37-120-800-872 Site Improvements $35,000 $17,500 $17,500
Loan Payments $0 $0 $0
37-120-800-872 PTI - Marketplace $136,000 $165,000 $144,300
Transfer to Parks $54 500 $66,749
Transfer to City $280,000
37-120-800-899 Unallocated $50 000
Total Capital $225,500 $182,500 $558,549
TOTAL EXPENDITURES $287,270 $302,300 $838,099
ENDING FUND BALANCE $515,051 $577,751 $55,252