HomeMy WebLinkAboutURA Resolution 2009-02WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 02
Series of 2009
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2008
URBAN RENEWAL BUDGET TO REFLECT THE
APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION IN THE AMOUNT OF $1,800.00 TO THE
WHEAT RIDGE CYCLERY FUND FOR THE PURPOSES
OF 2008 SALES AND PROPERTY TAX INCREMENT
DISTRIBUTION TO WHEAT RIDGE CYCLERY
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 that the provisions of the Budget
Law do apply to the Authority; and
WHEREAS, notice of adoption of the 2008 supplemental appropriation and budget was
given by the Urban Renewal Authority in compliance with C.R.S. 29-1-106; and
WHEREAS, the Authority previously adopted an appropriation for 2008 on December
11, 2007, which appropriation must be modified for the fees associated with the Wheat Ridge
Cyclery Tax Increment Finance Project; and
WHEREAS, in compliance with the provisions of the Budget Law regarding notice,
objections, and hearing, a public hearing was held on the Supplemental Budget and
Appropriation for 2008 on March 3, 2009.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
follows:
Section 1. The year 2008 supplemental appropriation for the Wheat Ridge Cyclery Fund
as shown on Exhibit 1 attached hereto is hereby approved. The purposes of the 2008
supplemental appropriation is to increase funds in Wheat Ridge Cyclery Fund line item 37-122-
800-872 by $1,800.00 for 2008 sales and property tax increment distribution to Wheat Ridge
Cyclery.
Section 2. Total expenditures of the Authority do not exceed available revenues and
beginning fund balance.
Section 3. A certified copy of this resolution shall be filed with the Division of Local
Government.
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ADOPTED the 3rd day of March, 2009.
WHEAT RIDGE URBAN RENEWAL
AUTHORITY
C-1(~
Chairperson
ATTEST:
Secretary to the Authority
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