HomeMy WebLinkAbout1987-149-10/06/1987-1988 BUDGET DOWNTOWN DEVELOPMENT AUTHORITY MILL LEVY RESOLUTION 87-149
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, 1988
WHEREAS, the Fort Collins Downtown Development Authority has been duly
organized in accordance with Section 31-25-804, C.R.S. ; and
WHEREAS, the Board of Directors of the Downtown Development Authority
has, under provisions of Section 31-25-916, C.R.S. , adopted a budget for
the fiscal year ending December 31, 1988; 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 , 1988 as follows:
Operating Expenses
Personal Services $ 75,310.00
Contractual 65,520.00
Commodities 5, 100.00
Capital Outlay 2,000.00
Other (Loan repay $2500) 2,500.00
Contingency 22,456.00
Total $ 172,886.00
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, 1988, shall be 3.051 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 of 3.051 mills shall be distributed to General Expense,
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
6th day of October, A. D. 1987.
1
l�s ;sh�t Mayor
ATTEST:
City Clerk