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A RESOLUTION
AUTHORIZING A REVISED BUDGET FOR THE YEAR 2006 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, 2007, AND ENDING ON DECEMBER 31, 2007, 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 23, 2006, 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 2006 and 2007, the amounts hereinafter set forth in the attached 2007 Budget.
SECTION 2. Pursuant to the Colorado State Statute, both the revised budget for the year 2006, and the budget for the Lakewood Reinvestment Authority, for the fiscal year beginning January 1, 2007, and ending December 31, 2007, as heretofore proposed to the Lakewood Reinvestment Authority, and the same are hereby approved as the Revised 2006/2007 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 Board of Commissioners of the Lakewood Reinvestment Authority on the 30th day of October 2006 at ______ p.m. at Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.
DOCUMENTS ATTACHED: Budget
Stephen A. Burkholder, Chair
ATTEST:
Michael J. Rock, Executive Director
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