HomeMy WebLinkAboutURA Resolution 2005-01
ORIGINAL
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO.-.aL
Series of 2005
TITLE:
A RESOLUTION APPROVING A SUPPLEMENTAL BUDGET
AND APPROPRIATION FOR 2005
WHEREAS, notice of adoption of the 2005 supplemental appropriation and budget was given by
the Urban Renewal Authority io compliance with CR.S. 29-1-106; and
WHEREAS, the Authority previously adopted an appropriation for 2005 on December 7, 2004,
which appropriation must be modified to comply with the order of the District Court issued on December
30,2004; and
WHEREAS, in compliance with the provisions of the Budget Law regardiog notice, objections,
and heariog, a public hearing was held on the Supplemental Budget and Appropriation for 2005 on April
5,2005.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as follows:
Section I. The year 2005 supplemental appropriations and budgets for the two funds as shown on
Exhibit 1 and Exhibit 2 attached hereto are hereby approved. The purposes of the 2005 supplemental
appropriations and budgets are to iocrease funds in various Town Center Fund lioe items to provide funds
for legal services, professional services, settlement agreements and to appropriate funds for defense of the
Authority in legal actions against the Authority. The transfer of funds to the Walgreens Project Fund is to
comply with the order of the District Court to escrow those funds required under the Disposition and
Development Agreement. All expenses of the Authority for 2005 will be paid from the Town Center
Fund.
Section 2. Total expenditures of the Authority do not exceed available revenues and beginniog
fund balance.
Section 3. A certified copy of this resolution shall be filed with the Division of Local
Government.
ADOPTED the 5th day of April ,2005.
WHEAT RIDGE URBAN RENEWAL AUTHORITY
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Secretary to the Authonty
\\srv-ci-eng-OOl\users\awhite\All Files\URA\Budget\2005 sup budget res.doc
EXHIBIT 1
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Town Center Fund
Actual 2004 Budget 2005 Supp. 2005
BEGINNING FUND BALANCE $ 176,244 $ 173,495 $ 223,102
Revenues
37-500-00-501 Property Tax Increment $ 250,848 $ 263,000 . $ 262,000
37-500-00-504 Sales Tax Increment $ 40,322 $ 45,000 $ 45,000
37-580-00-581 Interest $ 2,508 $ 2,500 $ 2,000
Transfer from Walgreens Project Fund $ $ $
TOTAL REVENUE $ 293,678 $ 310,500 $ 309,000
Personnel
37-120-600-602 Salaries $ $ $
37-120-600-625 FICA $ $ $
Total Personnel $ $ $
Supplies
37-120-650-651 Office Supplies $ 15 $ 200 $ 200
37-120-850-654 Printing & Photocopying $ 303 $ 800 $ 800
37-120-650-655 Postage $ 14 $ 200 $ 200
Total Supplies $ 332 $ 1,200 $ 1,200
Services
37-120-700-702 Conference & Meetings $ 306 $ 1,000 $ 300
37-120-700-706 Dues, Books, Sub $ 3,790 $ 3,800 $ 3,800
37-120-700-740 Mileage $ $ $
37-120-700-750 Professional Services $ 19,030 $ 20,000 $ 60,000
37-120-700-758 City Reimbursement $ 13,422 $ 5,000 $ 8,000
37-120-700-760 Utilities & Main\. $ $ $ 2,000
37-120-700-799 Misc.
$ 237 $ 200 $ 200
Total Services $ 36,785 $ 30,000 $ 74,300
Capital
37-120-800-801 Acquisition & Relocate $ $ $
37-120-800-872 Site Improvements $ $ $ 50,000
37-120-800-873 Payment to Fire District $ $ $
37-120-800-872 PTI- Marketplace $ 14,703 $ 16,000 $ 15,000
37-120-890-897 Trans to Walgreens Fund $ 195,000 $ 205,000 $ 205,000
Total Capital $ 209,703 $ 221,000 $ 270,000
TOTAL EXPENDITURES $ 246,820 $ 252,200 $ 345,500
ENDING FUND BALANCE $ 223,102 $ 231,795 $ 186,602
2005 Sup Town Center Fund Budget
EXHIBIT 2
WHEAT RIDGE URBAN RENEWAL AUTHORiTY
Walgreens Project Fund
Actual 2004 Budget 2005 Supp. 2005
BEGINNING FUND BALANCE $ 174,871 $4,722 $ 2,012
Revenues
37-580-00-501 Property Tax Increment $ $ $
37-580-00-584 Sales Tax Increment $ $ $
37-580-00-581 Interest $ 535 $ $ 500
37-580-02-588 Sale of Property $ $ 180,000 $ 180,000
37-5Bo-Ol-588 Loan Proceeds $ $
37-590-00-592 Trans from Town Cent Fund $ 195,000 $ 25,000 $ 205,000
TOTAL REVENUE $ 195,535 $ 205,000 $ 385,500
Services
37-121-700-702 Conference & Meetings $ $ $
37-121-700-706 Dues, Books, Sub $ $ $
37-121-700-740 Mileage $ $ $
37-121-700-750 Professional Services $ $ 100,000 $
37-121-700-758 City Reimbursement $ $ $
37-121-700-799 Misc. $ 161 $ $
Total Services $ 161 $ 100,000 $
Capital
37-121-800-801 Acquisition & Relocate $ 368,233 $ $
37-121-800-872 Site Improvements $ $ $
37-121-900-901 Loan Payment $ $ $
Transfer to Town Center Fund $ $ 109,722 $
Total Capital $ 368,233 $ 109,722 $
TOTAL EXPENDITURES $ 368,394 $ 209,722 $
ENDING FUND BALANCE $ 2,012 $0 $ 387,512
SUp Walgreens Project Fund Budget