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2002-75

A RESOLUTION

APPROVING AN OPERATING PLAN AND A BUDGET FOR THE ONE HORSE BUSINESS IMPROVEMENT DISTRICT.

WHEREAS, on August 26, 2002, the City adopted an ordinance declaring the organization of the One Horse Business Improvement District ("Business District"), which was established generally to provide certain services in relation to the Colorado Mills retail center; and,

WHEREAS, the Business District, and the City's relation to it, is controlled by C.R.S. 31-25-1201, et. seq., which statutes require, among other things, that the City approve an operating plan and a budget for the Business District; and,

WHEREAS, the operating plan and the budget must specifically identify the services or improvements to be provided by the Business District, the taxes, fees, or assessments to be imposed by the Business District, the estimated principal amount of bonds to be issued by the Business District, and such additional information as the City may require.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakewood, Colorado, that:

SECTION 1. The City hereby approves the operating plan and the budget submitted to it by the One Horse Business Improvement District, as attached hereto as Exhibit A.

SECTION 2. This Resolution shall be in full force and effect upon its passage and approval.

INTRODUCED, READ AND ADOPTED by a vote of 10 for and 0 against at a regular meeting of the City Council on October 28, 2002, at 7 o'clock p.m. at Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.

Stephen A. Burkholder, Mayor

ATTEST:
Margy Greer, City Clerk