HomeMy WebLinkAbout2026 - RESO 35 - CEO Grant Budget SupplementCITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 35
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 $2.64 MILLION AND APPROVING A GRANT
AGREEMENT WITH THE COLORADO ENERGY OFFICE
WHEREAS, the City was awarded a $2,640,000 grant from the Colorado Energy
Office (CEO) Local Implementation, Mitigation, and Policy Action (IMPACT) Accelerator
Grant Program, which requires a City match of $132,000 (5%) to support a zoning code
analysis, housing-supportive code amendments, and a fee rebate program for ADUs,
multi-unit housing, and soft costs for affordable housing; and
WHEREAS, the City Council wishes to accept and appropriate these funds for the
total project cost into the 2026 Fiscal Year Housing Fund budget with subsequent
reimbursements up to $2,640,000 from CEO; and
WHEREAS, the Wheat Ridge Charter requires that amendments to the budget be
affected by the City Council adopting a resolution; and
WHEREAS, the acceptance of the grant is subject to the condition of execution of
the attached CEO IMPACT grant agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge,
Colorado, that:
Section 1. The City Council hereby authorizes the Mayor to sign the grant
agreement with the Colorado Energy Office in final form, as approved
by the City Attorney and the City Manager.
Section 2. The 2026 Housing Fund Budget is hereby amended to reflect a
supplemental budget appropriation as follows:
• A transfer of $2,640,000 from Housing Fund undesignated
reserves to account number 450-70750-101 and the
amendment of revenues accordingly.
DONE AND RESOLVED this 10th day of August 2026
Korey Stites, Mayor
ATTEST:
Janeece Hoppe, City Clerk