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REQUEST FOR LRA ACTION
RESOLUTION: LRA 2004-1
SUBJECT: A resolution authorizing the Lakewood Reinvestment Authority to adopt
the 2005 Annual Budget.
RECOMMENDATION: Approval of the LRA resolution adopting the budget for the year
2005.
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 2005, as well as authorized budget
revisions for the year 2004.
RESOLUTION ADOPTION DATE: October 11, 2004
ORIGINATED BY: Rebecca P. Clark, LRA Director
STAFF PERSON RESPONSIBLE: Rebecca P. Clark, LRA Director, (303) 987-7525
DOCUMENTS ATTACHED: 2005 Budget Resolution
NOTE: The 2005 Budget document is on file in the Community Planning & Development Department
SUBMITTED BY:
Rebecca P. Clark, LRA Director
Larry Dorr, LRA Treasurer
REVIEWED BY:
Michael J. Rock, Executive Director
Margaret A. Greer, LRA Clerk
A RESOLUTION
AUTHORIZING A REVISED BUDGET FOR THE YEAR 2004 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, 2005, AND ENDING ON DECEMBER 31, 2005, 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 11, 2004, 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 2004 and 2005, the amounts hereinafter set forth in the attached 2005 Budget.
SECTION 2. Pursuant to the Colorado State Statute, both the revised budget for the year 2004, and the budget for the Lakewood Reinvestment Authority, for the fiscal year beginning January 1, 2005, and ending December 31, 2005, as heretofore proposed to the Lakewood Reinvestment Authority, and the same are hereby approved as the Revised 2004/2005 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 11 for and 0 against at a regular meeting of the Lakewood Reinvestment Authority on the 11th day of October 2004; published in full in the Lakewood Sentinel on the 30th day of September 2004; set for public hearing on the 11th day of October 2004; read, and adopted by the Board of Commissioners of the Lakewood Reinvestment Authority on the day of 2004.
Stephen A. Burkholder, Chair
ATTEST:
Michael J. Rock, Executive Director
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