HomeMy WebLinkAboutResolution 2008-0005
RESOLUTION 05
Series of 2008
TITLE:
A RESOLUTION AMENDING THE FISCAL YEAR
2007 GENERAL FUND BUDGET TO REFLECT
THE APPROVAL OF A SUPPLEMENTAL
BUDGET APPROPRIATION FORltlE ANNUAL
SALES TAX INCREMENT PAYMENT TO UtE
WHEAT RIDGE URBAN RENEWAL AUTHORITY
(WRURA) IN THE AMOUNT OF $240,917
WHEREAS, $100,000 was included in the adopted 2007 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
$240,917;
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 2007 General Fund Budget be
amended accordingly, specifically transferring a total of $240,917 from
General Fund unreserved fund balance into account #01-105-700-720.
DONE AND RESOLVED THIS ~~ t.I:: day of January 2008.
ATTEST:
~.~~
Michael Snow, City Clerk