Attachment A - Resolution 316 Budget Adoption

Special Meeting, October 23, 2025 · item 2B: Consideration of the following pertaining to the 2026 budget of the City of Boulder Downtown Commercial District Fund (formally known as the… · 2 pages

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RESOLUTION 316

A RESOLUTION CONCERNING THE CITY OF BOULDER DOWNTOWN COMMERCIAL DISTRICT (FORMERLY KNOWN AS THE CENTRAL AREA GENERAL IMPROVEMENT DISTRICT) ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2026; AND SETTING FORTH RELTATED DETAILS THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO, ACTING AS THE BOARD OF DIRECTORS OF THE CITY OF BOULDER DOWNTOWN COMMERCIAL DISTRICT (FORMERLY KNOWN AS THE CENTRAL AREA GENERAL IMPROVEMENT DISTRICT), HEREBY FINDS AND RECITES THAT: A.

WHEREAS, Chapter 8-4 of the Revised Code of the City of Boulder requires that

the Board of Directors (the “Board”) of the City of Boulder Downtown Commercial District (formerly known as the Central Area General Improvement District) (the “District”) annually determine the amount of money necessary to be raised for the District by an ad valorem tax levy on the taxable property in the District; and B.

WHEREAS, said Chapter 8-4 provides that prior to the start of proceedings for

said levy of taxes, the Board shall prepare and adopt a budget; and C.

WHEREAS, all requirements of said Chapter 8-4 pertaining to the giving of

public notice have been accomplished. BASED ON THE FINDINGS MADE IN THIS RESOLUTION, ABOVE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO, ACTING AS THE BOARD OF DIRECTORS OF THE CITY OF BOULDER DOWNTOWN COMMERCIAL DISTRICT (FORMERLY KNOWN AS THE CENTRAL AREA GENERAL IMPROVEMENT DISTRICT), THAT:

Section 1. Estimated expenditures for fiscal year 2026 are as follows: Capital Debt Service Internal Services Operating Personnel Transfers

Total

$11,715,000 0 576,443 3,261,131 2,070,362 563,645 $18,186,581

Section 2. Estimated revenues for fiscal year 2026 to fund the above expenditures are as follows: Investment Earnings Leases, Rents, Royalties Other Revenues Parking Revenues Property Tax Ownership Tax

Total

$648,503 468,240 65,559 6,601,656 1,468,757 65,434 $9,318,149

Section 3. The proposed budget as submitted and hereinabove summarized be adopted as the budget of the District for the 2026 fiscal year. ADOPTED this 23rd day of October 2025.

_______________________________ Chair Attest:

_________________________________ Secretary