Attachment A - 2026 Knollwood Budget Adoption Resolution 5

Regular Meeting, October 15, 2026 · item 6C: Consideration of the following pertaining to the 2027 budget of the Knollwood Metropolitan District: Consideration of a motion to convene th… · 2 pages

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RESOLUTION 5 A RESOLUTION CONCERNING THE KNOLLWOOD METROPOLITAN DISTRICT ADOPTING ITS BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2027; 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 October 15, 2026, 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 2027 are as follows: Operating Budget Debt Service Budget Total Budget

$ 10,000 $223,343 $233,343

Section 2. Estimated revenues for fiscal year 2027 to fund the above expenditures are as follows: Operating: From 1.0 mill property tax levy: $12,200 Total Operating: $12,200 Debt Service: From 19.570 mill property tax levy: $239,200 Total Debt Service: $239,200 Section 3. The proposed budget as submitted and hereinabove summarized be adopted as the budget of the District for the 2027 fiscal year. ADOPTED this 15th day of October 2026. ____________________________________ Aaron Brockett, Chair Attest:

_______________________________ Secretary