Attachment C - Resolution 3_Knollwood 2026 Appropriation

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 3

A RESOLUTION APPROPRIATING MONEY TO DEFRAY THE EXPENSES AND LIABILITIES OF THE KNOLLWOOD METROPOLITAN DISTRICT FOR THE 2026 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, the City Council, acting as the Board of Directors (the “Board”) of

the Knollwood Metropolitan District (the “District”), has taken final action approving the revenues and expenditures of the budget for 2026; and B.

WHEREAS, the Board desires to make appropriations for the ensuing fiscal year.

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. The following appropriations are hereby made for the District’s fiscal year commencing January 1, 2026, and ending December 31, 2026, from the funds of the District for the payment of the District’s operating expenses, and debt service payments: Operating Debt Service Total

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

Section 2. Appropriations for individual capital projects or encumbrances or any grantfunded projects in the above-mentioned funds for fiscal year 2026 shall not lapse at year end but continue until the project is completed or cancelled. ADOPTED this 6th day of November 2025.

_______________________________ Chair Attest:

_________________________________ Secretary