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URA Res. No. 2009-06AVON URBAN RENEWAL AUTHORITY TOWN OF AVON, COLORADO RESOLUTION NO. 09-06 SERIES OF 2009 A RESOLUTION SUMMARIZING EXPENDITURES AND REVENUES FOR EACH FUND AND ADOPTING A BUDGET FOR THE AVON URBAN RENEWAL AUTHORITY FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2010, AND ENDING ON THE LAST DAY OF DECEMBER, 2010. WHEREAS, the Board of Commissioners of the Avon Urban Renewal Authority has directed the Authority's Executive Director /Secretary to prepare and submit a proposed budget for its consideration; WHEREAS, Larry Brooks, Executive Director /Secretary, has submitted a proposed budget to said governing body on October 13, 2009; WHEREAS, upon due and proper notice, published or posted in accordance with the law, said proposed budget was open for inspection by the public at a designated place, a public hearing was held on November 10, 2009 and interested taxpayers were given the opportunity to file or register any objections to said proposed budget; and WHEREAS, whatever increases may have been made in the expenditures, like increases were added to the revenues so that the budget remains in balance, as required by law. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE AVON URBAN RENEWAL AUTHORITY: Section 1. That estimated revenues and expenditures for the Avon Urban Renewal Authority are as follows for 2010: Avon Urban Renewal Authority Beginning Fund Balance Revenues and Other Sources Expenditures and Other Uses Ending Fund Balance Avon Urban Renewal Authority Resolution No. 2009 -06 Page 1 of 2 2010 Proposed Budget $ 508,070 959,179 795,691 $ 671,558 Section 2. That the budget, as submitted, hereby is approved and adopted as the budget of the Avon Urban Renewal Authority for the year stated above. Section 3. That the budget hereby approved and adopted shall be signed by the Chairman and made part of the public record of the Authority. ADOPTED this 24th day of November, 2009. ATTEST: CERTIFIED: Mc fenny, u � o lerk Avon Urban Renewal Authority Resolution No. 2009 -06 Page 2 of 2 AVON U AN NEWAL A HZOT Ronald C. Wolfe, Chairm ,Prj FcE�YrLy Off• E/T��? li t