Attachment A - Resolution 85

RESOLUTION 85 A RESOLUTION CONCERNING THE FOREST GLEN TRANSIT PASS GENERAL IMPROVEMENT DISTRICT, CITY OF BOULDER, COLORADO, ADOPTING A 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 FOREST GLEN TRANSIT PASS GENERAL IMPROVEMENT DISTRICT, CITY OF BOULDER, COLORADO, HEREBY FINDS AND RECITES THAT: A.

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

Directors (the “Board”) of the Forest Glen Transit Pass General Improvement District, City of Boulder, Colorado, (the “District”) annually determines 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 FOREST GLEN TRANSIT PASS GENERAL IMPROVEMENT DISTRICT, CITY OF BOULDER, COLORADO, HEREBY FINDS AND RECITES THAT:

Section 1. Estimated expenditures for fiscal year 2027 are as follows: Operating Transfers Total

$19,167 $1,010 $20,177

Section 2. Estimated revenues for fiscal year 2027 to fund the above expenditures are as follows: Investment Earnings Ownership Tax Total

$4,865 $458 $5,323

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