HomeMy WebLinkAboutURA Resolution 2009-04WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 04
Series of 2009
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2009
URBAN RENEWAL BUDGET TO REFLECT THE
APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION IN THE AMOUNT OF $66,204.34 TO THE
TOWN CENTER FUND FOR THE PURPOSES OF
RETURNING THE BALANCE OF THE SLIVER QUIET
TITLE ACTION ESCROW ACCOUNT TO MEL KARL
AFTER ALL EXPENSES TO OBTAIN A CLEAR AND
UNENCUMBERED TITLE WERE DEDUCTED
WHEREAS, C.R.S. 29-1-103 (1) of the Local Government Budget Law of Colorado
requires certain local govenmiental entities to prepare and adopt an armual 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 2009 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 2009 on November
18, 2008, which appropriation must be modified for the return of a portion of the Sliver Quiet
Title Action Escrow Account to the Seller; 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 2009 on May 5, 2009.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
follows:
Section 1. The year 2009 supplemental appropriation for the Town Center Fund as shown
on Exhibit 1 attached hereto is hereby approved. The purpose of the 2009 supplemental
appropriation is to increase funds in Town Center Fund line item 37-120-800-801 by $66,204.34
for a return of a portion of the Sliver Quiet Title Action Escrow Account to the Seller.
Section 2. Total expenditures of the Authority do not exceed available revenues and
beginning fund balance.
CADocmnents and Seft ngs\kfield\Loca1 SetturgsWemporary Internet Files\OLK409\090505 Supp Budget Appr Res.doc
Section 3. A certified copy of this resolution shall be filed with the Division of Local
Government.
ADOPTED the 5th day of May, 2009.
WHEAT RIDGE URBAN RENEWAL
AUTHORITY
Chairperson
ATTEST:
Secretary to the Authority
CADocunrents and Settfngs\kfield\Local SettingsUenrporary Internet Files\OLK409\090505 Supp Budget Appr Res.doc
EXHIBIT 1
WHEAT RIDGE URBAN RENEWAL AUTHORITY
Town Center Fund
2008 Actual 2009 Adopted 2009 Amended
BEGINNING FUND BALANCE $634,201 $1,089,096 $1,083,863
Revenues
37-500-00-501
Property Tax Increment
$12,429
$0
$0
37-500-00-504
Sales Tax Increment
_ $303,032
$300,000
$300,000
37-580-00-581
Interest
$22,126
$15,000
$15,000
37-580-00-582
Rental Income
$42,333
$60,000
$60,000
37-590-00-593
Transfer from Walgreens Fund
$488,877
$0
$0
Personnel
37-120-600-602 Salaries $0 $0 $0
37-120-600-625 FICA $0 $0 $0
rson,,,, net •,fa ?~w~$0 $ba xOa
MEMO
Supplies
37-120-650-651 Office Supplies
$0
$0
$0
37-120-650-654 Printing & Photocopying
$0
$0
$0
37-120-650-655 Postage
$0
$0
$0
1',ofal€Suppliesti"
Services
37-120-700-702 Conference & Meetings
$634
$2,000
$2,000
37-120-700-706 Dues, Books, Sub
$275
$500
$500
37-120-700-740 Mileage
$0
$0
$0
37-120-700-750 Professional Services
$92,198
$75,000
$75,000
37-120-700-758 City Reimbursement
$112,127
$10,000
$10,000
37-120-700-760 Utilities & Maint.
$592
$600
$600
37-120-700-799 Misc.
$1,489
$1,500
$1,500
T,jCtal ServLCeS~ $ ~~s.
~n 7EA $8~ 00 ~ yank $8 6OOl
Capital
37-120-800-801 Lands. Buildings, & Wat
$206,587
$292,674
$358,879
37-120-800-872 Site Improvements
$0
$0
$0
37-120-800-873 Payment to Fire District
$0
$0
$0
37-120-890-897 Trans to Walgreens Fund
$0
$0
$0
CaPlf $206 587 $292 67 358'87
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