HomeMy WebLinkAboutURA Resolution 2010-02RENEWAL WHEAT RIDGE
RESOLUTION NO. 02
Series of 2010
TITLE: A RESOLUTION ENACTING A BUDGET AND
APPROPRIATION FOR THE YEAR 2011
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 Renewal Wheat Ridge (RWR) has opined that the provisions of
the Budget Law do apply to RWR; and
WHEREAS, notice of adoption of the 2011 budget and appropriation was given by RWR in
compliance with C.R.S. 29 -1 -106; and
WHEREAS, in compliance with the provisions of the Budget Law regarding notice,
objections, and hearing, a public hearing was held on the Budget and Appropriation for 2011 by
RWR on December 7, 2010.
THEREFORE, BE IT RESOLVED by Renewal Wheat Ridge as follows:
Section 1 . The year 2011 budgets for the two funds as shown on Exhibit 1 and Exhibit 2
attached hereto are hereby approved and the funds indicated therein are hereby appropriated for
expenditure in 2011. The purposes of the 2011 budget are to make funds available for normal
operating expenses and to provide tax increment funding for an urban renewal project in the urban
renewal area. Sources of funds for the Authority are sales tax increment generated by an urban
renewal area.
Section 2 . Total expenditures of RWR 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.
ADOPTED the 7th day of December , 2010.
RENEWAL WHEAT RIDGE
Chairman 2.
ATTEST:
Secretary to the Authority
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