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HomeMy WebLinkAbout1985-185-10/01/1985-APPROVING A BUDGET OF THE ESTIMATED REVENUES AND EXPENDITURES REQUIRED TO PAY THE EXPENSES OF CONDUC y RESOLUTION 85-185 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING A BUDGET OF THE ESTIMATED REVENUES AND EXPENDITURES REQUIRED TO PAY THE EXPENSES OF CONDUCTING THE BUSINESS OF THE DOWNTOWN DEVELOPMENT AUTHORITY AND DIRECTING THE CITY CLERK TO CERTIFY THE MILL LEVY FOR THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR ENDING DECEMBER 31, 1986 WHEREAS, the Fort Collins Downtown Development Authority has been duly organized in accordance with §31-25-804, Colorado Revised Statutes, 1973, as amended; and WHEREAS, the Board of the Downtown Development Authority has, under the provisions of §31-25-916, Colorado Revised Statutes, 1973, as amended, adopted a budget for the fiscal year ending December 31, 1986; and WHEREAS, the Council of the City of Fort Collins wishes to approve said budget as recommended by the Board of the Downtown Development Authority. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the following budget for the Downtown Development Authority be, and it hereby is, approved for the fiscal year ending December 31, 1986 as follows: Operating Expenses Personal Services $128,400 Contractual 46,975 Commodities 5,200 Capital Outlay 500 Other 44,812 Total $225,887 Section 2. That the mill levy rate for taxation upon all the taxable property within the Downtown Development Authority District for the fiscal year ending December 31, 1986, shall be five (5) mills, which levy represents the amount of taxes for the Downtown Development Authority purposes necessary to provide for payment during the ensuing budget year of all properly authorized demands against the Downtown Development Authority. Said mill levy shall be distributed as follows: General expense - 5 mills being a total of 5 mills, which levy as so distributed shall be certified to the Board of County Commissioners of Larimer County, Colorado, by the City Clerk as provided by law. Passed and adopted at a regular meeting of the City Council held this 1st day of October, A.D. 1985. Mayor ATTEST: City Clerk