HomeMy WebLinkAbout2026 - RESO 19 - TOCI Grant Budget Supplement
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 19
SERIES OF 2026
TITLE: A RESOLUTION AMENDING THE 2026 FISCAL YEAR
HOUSING FUND BUDGET TO REFLECT THE APPROVAL
OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE
AMOUNT OF $6,047,194 TO ACCEPT GRANT FUNDS
FROM THE DEPARTMENT OF LOCAL AFFAIRS
WHEREAS, the Ridge Road Master Plan development has a total expected
infrastructure cost of $6,047,194; and
WHEREAS, the City received a $4,535,396 grant from the Colorado Department of
Local Affairs (DOLA) Transit Oriented Communities Infrastructure (TOCI) Grant Program
to fund public infrastructure improvements to the Ridge Road Master Plan development;
and
WHEREAS, the TOCI grant program has a required match of $1,511,798 (25%) which will be paid by Foothills Regional Housing (FRH); and
WHEREAS, the city will function as the pass-through entity for both the grant and
matching funds as established by grant and sub-recipient agreements; and
WHEREAS, the City Council wishes to accept and appropriate these funds for the
total infrastructure cost into the 2026 Fiscal Year Housing Fund budget; and
WHEREAS, the Wheat Ridge Charter requires that supplemental appropriations to
the budget be approved by the City Council through a resolution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge,
Colorado, as follows:
Section 1. The 2026 Housing Fund Budget is hereby amended to reflect a supplemental
budget appropriation as follows:
• $6,047,194 in Housing Fund account 450-70750-101 for the expenditure and
revenues are amended accordingly.
DONE AND RESOLVED this 27th day of April 2026
ATTEST:
Janeece Hoppe, City Clerk
Korey Stites, Mayor