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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. \\sr -ci-adm-001\users\pgofl\Urban Renewal\URA Packet Materials\090303 Supp Budget Appr Res.doc ADOPTED the 3rd day of March, 2009. WHEAT RIDGE URBAN RENEWAL AUTHORITY C-1(~ Chairperson ATTEST: Secretary to the Authority \\srvci-adm-001\users\pgoR\Urban Renewal\URA Packet Materials\090303 Supp Budget Appr Res.doe