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