Boulder City Council · Document
Attachment C - Resolution 162
Regular Meeting, December 4, 2025 · item 4C: Consideration of a motion to adjourn as the Boulder City Council and convene as the Boulder Municipal Property Authority Board of Director… · 2 pages
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RESOLUTION 162
A RESOLUTION APPROVING THE CITY OF BOULDER, BOULDER MUNICIPAL PROPERTY AUTHORITY SUPPLEMENTAL APPROPRIATIONS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025; AND SETTING FORTH RELATED DETAILS THE CITY COUNCIL OF THE CITY OF BOULDER, COLORADO, ACTING AS THE BOARD OF DIRECTORS OF THE BOULDER MUNICIPAL PROPERTY AUTHORTIY, HEREBY FINDS AND RECITES THAT: A.
WHEREAS, the Boulder Municipal Property Authority (“BMPA”) is a nonprofit
corporation duly organized and existing under the laws of the State of Colorado; and B.
WHEREAS, BMPA is a component unit of the City of Boulder, for accounting
purposes only, and as such, is required to formally adopt an annual budget; and C.
WHEREAS, certain 2025 debt service obligations of BMPA were not provided
for in the 2025 Annual Appropriation Resolution; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, ACTING AS THE BOARD OF DIRECTORS OF THE BOULDER MUNICIPAL PROPERTY AUTHORITY, THAT: Section 1. $6,200,000.
Estimated additional debt service expenditures for fiscal year 2025 are
Section 2. Estimated revenues, in the form of base rental payments from the General Fund and Open Space Fund for fiscal year 2025 to fund the above expenditures, are $6,200,000. Section 3. The proposed budget as submitted and hereinabove summarized shall be adopted as the budget of BMPA for the 2025 fiscal year and appropriated into the BMPA fund.
ADOPTED this 20th day of March, 2025.
_______________________________ President Attest: _________________________________ Secretary