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HomeMy WebLinkAbout1983-170-10/04/1983-ADOPTING A BUDGET OF THE ESTIMATED REVENUES OF CONDUCTING THE BUSINESS OF THE DOWNTOWN DEVELOPMENT A RESOLUTION 83- 170 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, 1984 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 , 1984, 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 a-id it hereby is adopted for the fiscal year ending December 31, 1984 as follows Operating Expenses Personal Services $119,147 Contractual 40,560 Commodities 3,400 Capital Outlay 10,000 Other 12,500 TOTAL $185,607 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, 1984, 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 4th day of October, 1983 Qf4� t ' ayor ATTEST Lity LIerK -2-