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REQUEST FOR LRA ACTION
RESOLUTION: LRA 2009–2
SUBJECT: A Resolution authorizing the Lakewood Reinvestment Authority (LRA) to adopt the 2009/10 Annual Budget.
RECOMMENDATION: Approval of the LRA resolution adopting the budget for the year 2010.
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 2010, as well as authorized budget revisions for the year 2009.
RESOLUTION ADOPTION DATE: September 28, 2009
ORIGINATED BY: Rebecca P. Clark, LRA Director
STAFF PERSON RESPONSIBLE: Rebecca P. Clark, LRA Director, 303-987-7731
DOCUMENT(S) ATTACHED: Resolution LRA 2009-2
NOTE: The 2009 Budget document is on file in the Community Planning & Development Department
SUBMITTED BY:
Rebecca P. Clark, LRA Director
Larry Dorr, LRA Treasurer
REVIEWED BY:
Kathleen E. Hodgson, Executive Director
___________________________________________________________________________________________________________________________________________________________
LRA 2009-2
A RESOLUTION
AUTHORIZING A REVISED BUDGET FOR THE YEAR 2009 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, 2010, AND ENDING ON DECEMBER 31, 2010, 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 September 28, 2009, 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 2009 and 2010, the amounts hereinafter set forth in the attached 2010 Budget.
SECTION 2. Pursuant to the Colorado State Statute, both the revised budget for the year 2009, and the budget for the Lakewood Reinvestment Authority, for the fiscal year beginning January 1, 2010, and ending December 31, 2010, as heretofore proposed to the Lakewood Reinvestment Authority, and the same are hereby approved as the Revised 2009/2010 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 10 For and 0 Against at a regular meeting of the Board of Commissioners of the Lakewood Reinvestment Authority on September 28, 2009, at 8 p.m. at Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.
Bob Murphy, Chair
ATTEST:
Kathleen E. Hodgson, Executive Director
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