HomeMy WebLinkAbout1982-133-10/05/1982-ADOPTING A BUDGET OF THE ESTIMATED REVENUES AND EXPENDITURES REQUIRED TO PAY THE EXPENSES OF CONDUCT 1 �
RESOLUTION 82-133
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING 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, 1983
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 of the estimated revenues and expenditures to be received
or incurred during the fiscal year ending December 31, 1983, and
WHEREAS, the Council of the City of Fort Collins wishes to adopt 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 adopted for the fiscal year ending December
31, 1983
Revenues
Funds from prior years $ 9,055
Property Tax 90,400
Interest Earnings 3,500
Services to be rendered 2,200
Bond Administration Fees 6,000
TOTAL REVENUES $111,155
Expenditures
Personal Services $ 69,850
Contractual Services 19,600
Commodities 2,900
Capital Outlay 7,200
Operating & Capital Expense $ 99,550
City Repayment 2,500
TOTAL EXPENDITURES
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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, 1983 , shall be five (5) mills, which levy repre-
sents 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 Council of the City of
Fort Collins, held this 5th day of October, 1982
Mayor
ATTEST
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