HomeMy WebLinkAboutResolution 28, 2020CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 28
Series of 2020
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2020 GENERAL FUND BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE
AMOUNT OF $250,000 FOR THE PURPOSE OF FUNDING PHASE TWO OF THE BUSINESS STABILIZATION PROGRAM
WHEREAS, the Wheat Ridge Charter requires that amendments to the budget be effected by the City Council adopting a resolution; and
WHEREAS, Wheat Ridge City Council acknowledges the hardship imposed by the
COVID-19 emergency; and
WHEREAS, the Council recognizes the importance and significance of small businesses to the health and vitality of Wheat Ridge; and
WHEREAS, the Council finds that assistance is necessary to support businesses
during this time; and
WHEREAS, the Council wishes to establish and fund a business recovery program for eligible businesses within the City; and
WHEREAS, insufficient appropriations in the 2020 Budget exist to cover this program.
NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council, that:
Section 1. A transfer of $250,000 is hereby approved from the General Fund undesignated reserves to account 01-610-700-777 and the 2020 revenues are amended accordingly.
Section 2. The Council hereby incorporates by reference the findings and
statement of public purpose set forth in Resolution 25, Series 2020.
DONE AND RESOLVED this 11th day of May, 2020.
Bud Starker, Mayor ATTEST:
Steve Kirkpatrick, City Clerk