HomeMy WebLinkAboutResolution 2009-0009City of Wheat Ridge, Colorado
RESOLUTION 09
Series of 2009
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR
2008 GENERAL FUND BUDGET TO REFLECT
THE APPROVAL OF A SUPPLEMENTAL
BUDGET APPROPRIATION FOR THE ANNUAL
SALES TAX INCREMENT PAYMENT TO THE
WHEAT RIDGE URBAN RENEWAL AUTHORITY
(WRURA) IN THE AMOUNT OF $2019241
WHEREAS, $100,000 was included in the adopted 2008 Budget for the sales tax
increment payment to WRURA pursuant to the IGA between the City and the WRURA;
and
WHEREAS, Resolution 1559-1996 set the maximum sales tax increment to be
utilized by WRURA at $100,000.00; and
WHEREAS, the IGA was amended on October 22, 2007 to remove the $100,000
sales tax increment cap; and
WHEREAS, sales tax increment revenue exceeded the budgeted amount by
$201,241;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Wheat Ridge, Colorado, as follows:
A. The City of Wheat Ridge fiscal year 2008 General Fund Budget be
amended accordingly, specifically transferring a total of $201,241 from
General Fund unreserved fund balance into account 401-105-700-720.
DONE AND RESOLVED THIS day of February 2009.
r '~DiTullio, ayor
ATTEST: Michael Snow, Ci Clerk