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REQUEST FOR LRA ACTION
RESOLUTION: LRA 2002-9
SUBJECT: A resolution authorizing the Lakewood Reinvestment Authority to adopt the 2003 Annual Budget.
RECOMMENDATION: Approval of the LRA resolution adopting the budget for the year 2003.
SUMMARY AND BACKGROUND OF SUBJECT MATTER: The resolution as submitted identifies all available financial sources, authorized financial uses, and ending Fund balances for the Annual Budget for the year 2003, as well as authorized budget revisions for the year 2002.
RESOLUTION ADOPTION DATE: October 28, 2003
ORIGINATED BY: Frank Gray, LRA Director
STAFF PERSON RESPONSIBLE: Frank Gray, LRA Director
DOCUMENTS ATTACHED: 2003 Budget Resolution
NOTE: The 2003 Budget document is on file in the Community Planning & Development Department
SUBMITTED BY:
Frank Gray, LRA Director
Jacque Wedding-Scott, LRA Treasurer
REVIEWED BY:
Michael J. Rock, Executive Director
Margaret A. Greer, LRA Clerk
A RESOLUTION
AUTHORIZING A REVISED BUDGET FOR THE YEAR 2002 FOR THE LAKEWOOD REINVESTMENT AUTHORITY AND FURTHER ADOPTING THE ANNUAL BUDGET FOR THE LAKEWOOD REINVESTMENT AUTHORITY FOR THE FISCAL YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2003, AND ENDING ON DECEMBER 31, 2003, ESTIMATING THE AMOUNT OF MONEY TO BE DERIVED FROM TAX INCREMENT FINANCING AND SETTING FORTH THE APPROPRIATIONS FOR EACH FUND.
WHEREAS, the Lakewood Reinvestment Authority, upon notice duly advertised, held a Public Hearing on said budget on October 28, 2002, pursuant to the Colorado State Statute.
NOW, THEREFORE, BE IT RESOLVED by the Lakewood Reinvestment Authority of the City of Lakewood, Colorado, that:
SECTION 1. There is hereby appropriated from the revenue derived from tax increment financing during the years 2002 and 2003, the amounts hereinafter set forth in the attached 2003 Budget.
SECTION 2. Pursuant to the Colorado State Statute, both the revised budget for the year 2002, and the budget for the Lakewood Reinvestment Authority, for the fiscal year beginning January 1, 2003, and ending December 31, 2003, as heretofore proposed to the Lakewood Reinvestment Authority, and the same are hereby approved as the Revised 2002/2003 Annual Budget.
SECTION 3. The budget herein approved shall be signed by the Chair and Executive Director and made part of the public records of the Lakewood Reinvestment Authority.
INTRODUCED, READ AND ADOPTED by a vote of ___for and ___against at a regular meeting of the Lakewood Reinvestment Authority on October 28th, 2002; at 8:00 o'clock p.m. at Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.
Stephen A. Burkholder, Chair
ATTEST:
Michael J. Rock, Executive Director
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