Boulder City Council · Document
Attachment A - Resolution 231
Special Meeting, October 23, 2025 · item 2C: Consideration of the following pertaining to the 2026 budget of the City of Boulder University Hill Commercial District Fund (formally known… · 2 pages
This is the text extracted from the file, without its layout, tables, or images. Use the original for anything that matters.
RESOLUTION 231
A RESOLUTION CONCERNING THE CITY OF BOULDER UNIVERSITY HILL COMMERCIAL DISTRICT FUND (FORMERLY KNOWN AS THE UNIVERSITY HILL GENERAL IMPROVEMENT 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 CITY OF BOULDER UNIVERSITY HILL COMMERCIAL DISTRICT (FORMERLY KNOWN AS THE UNIVERSITY HILL 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 University Hill Commercial District (formerly known as the University Hill 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 UNIVERSITY HILL COMMERCIAL DISTRICT (FORMERLY KNOWN AS THE UNIVERSITY HILL GENERAL IMPROVEMENT DISTRICT), THAT: Section 1. Estimated expenditures for fiscal year 2026 are as follows:
Capital Internal Services Operating Personnel Transfers
Total
$0 64,933 198,295 239,829 59,627 $562,684
Section 2. Estimated revenues for fiscal year 2026 to fund the above expenditures are as follows: Investment Earnings Parking Revenues Property Tax Ownership Tax
$117,834 50,000 39,468 1,467 Total
$208,769
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