Title
RESOLUTION AMENDING THE 2019 BUDGET OF THE URBAN RENEWAL AUTHORITY OF THE CITY OF COMMERCE CITY, COLORADO AND ADOPTING A SUPPLEMENTAL BUDGET APPROPRIATION
Body
Summary and Background Information:
City Council approved a transfer of general fund dollars with Ordinance 2234 on September 16, 2019. The URA Board needs to approve the resolution in order to receive and appropriate the funds within the URA budget.
The city's management is recommending this transfer from general fund for your consideration.
MHGHP Stormwater Pond $ 2,500,000
MHGHP LIHTC Funding $ 3,750,000
MHGHP Owner’s Representative Services Agreement $ 431,590
Staff Responsible (Department Head): Sheryl Carstens
Staff Member Presenting:
Financial Impact: $6,681,590
Funding Source: Transfer from General Fund
Staff Recommendation: Move to approve Resolution URA 2019-04.