TC Resolution 23-32 Adopting The Avon Downtown Development Authority 2024 BudgetA
Avon
RESOLUTION 23-32
ADOPTING THE AVON DOWNTOWN DEVELOPMENT
AUTHORITY 2024 BUDGET
WHEREAS, the Avon DDA is considered a separate legal entity from the Town authorized by
Colorado State Statutes 31-25-801 and was formed as the result of a Special Election held August 29,
2023; and
WHEREAS, the Avon DDA is required to adopt a budget each fiscal year (C.R.S. §31-25-816) as
required by Local Government Budget Law of Colorado; and
WHEREAS, Avon's Municipal Code sets forth duties of the DDA and requires Town Council
approval of budgets and plan developments as outlined in TITLE 4 - Avon Downtown Development
Authority; and
WHEREAS, the Board of Directors of the Avon Downtown Development Authority adopted the
2024 Budget at its December 4, 2023, meeting; and
WHEREAS, the notice of a public hearing has been properly posted at official posting locations for
December 12, 2023 and the proposed 2024 Downtown Development Authority Budget is presented
to the Avon Town Council for adoption; and
WHEREAS, whatever increases may have been made in the expenditures, like increases were added
to the revenues or planned to be expended from reserves/fund balances so that the budget remains in
balance, as required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN OF AVON:
Section 1. That estimated revenues and expenditures for the Avon Downtown Development
Authority Fund is presented as follows for 2024:
2024
Budget
Avon Downtown Develoament Authori
Beginning Fund Balance $ 0
Revenues and Other Sources 100,000
Expenditures and Other Uses 10,000
Ending Fund Balance $ 90,000
ADOPAD DECEMBER 12, 2023 BY THE AVON TOWN COUNCIL.
By:
Phillips,'Mayor
Avon owown Development Authority
Resolution No. 23-32 — Adopting 2024 Budget
December 4, 2023
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Attest:
Miguel Jajtlr9jui Casanueva,
NOFA�O�
:SEAL':
Wn Clerk
A
Avo .n
AVON DOWNTOWN DEVELOPMENT AUTHORITY
RESOLUTION 23-01
ADOPTING THE 2024 BUDGET
WHEREAS, the Board of Directors of the Avon Downtown Development Authority has
directed the Authority's Executive Director to prepare and submit a proposed budget for its
consideration; and
WHEREAS, the proposed 2024 Budget has been presented to the Board and notices of a public
hearing has been property posted for 3pm on December 4, 2023; and
WHEREAS, whatever increases may have been made in the expenditures, like increases were
added to the revenues or planned to be expended from reserves/fund balances so that the budget
remains in balance, as required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE AVON URBAN RENEWAL
AUTHORITY that the Board of Directors of the Avon Downtown Development Authority
hereby adopt the following 2024 budget:
2024
Buffet
Avon Downtown Development Authority
Beginning Fund Balance $ 0
Revenues and Other Sources 100,000
Expenditures and Other Uses 10,000
Ending Fund Balance $ 90.000
ADOPTED DECEMBER 4, 2023 by the AVON DOWNTOWN DEVELOPMENT
AUTHORITY BOARD OF DIRECTORS.
By: Attest
To Emrick, Chairman ris Neuswanger, Secretary
Avon Downtown Development Authority
Resolution No. 23-01 — Adopting 2024 Budget
December 4, 2023
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