Attachment A - Resolution 1_Knollwood 2026 Budget Adoption

Regular Meeting, November 6, 2025 · item 5A: Consideration of the following pertaining to the 2026 budget of the Knollwood Metropolitan District: Consideration of a motion to adjourn as… · 2 pages

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RESOLUTION 1

A RESOLUTION CONCERNING THE KNOLLWOOD METROPOLITAN DISTRICT ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2026; AND SETTING FORTH RELATED DETAILS THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO, ACTING AS THE BOARD OF DIRECTORS OF THE KNOLLWOOD METROPOLITAN DISTRICT, HEREBY FINDS AND RECITES THAT: A.

WHEREAS, Article 1 of Title 29 of the Colorado Revised Statutes (“C.R.S.)

requires that the Board of Directors (the “Board”) of the Knollwood Metropolitan District (the “District”) annually adopt a budget; and B.

WHEREAS, the Executive Director has prepared and submitted a proposed

budget to the Board for its consideration; and C.

WHEREAS, Section 29-1-108, C.R.S. provides that prior to the start of

proceedings for certifying a levy of taxes, the Board shall adopt a budget; and D.

WHEREAS, all requirements of Section 29-1-106, C.R.S. pertaining to the giving

of public notice have been accomplished and the proposed budget was open for inspection by the public at a designated place, a public hearing was held on November 6, 2025, and interested electors of the District were given the opportunity to file or register any objections to the proposed budget prior to its adoption. 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 KNOLLWOOD METROPOLITAN DISTRICT, THAT:

Section 1. Estimated expenditures for fiscal year 2026 are as follows: Operating Budget Debt Service Budget Total Budget

$ 10,000.00 $227,675.00 $237,675.00

Section 2. Estimated revenues for fiscal year 2026 to fund the above expenditures are as follows: Operating: From reserve funds: From general property tax levy plus specific ownership tax: From sources other than general tax: Total Operating: Debt Service: From reserve funds: From property tax levy plus specific ownership tax: From other sources: Total Debt Service:

$0.00 $11,600.00 $0.00 $11,600.00 $0.00 $227,675.00 $227,675.00

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 6th day of November 2025.

_______________________________ Chair Attest:

_________________________________ Secretary