HomeMy WebLinkAbout21-53 Approving Supplemental Budget Appropriation 2020 Budget 04-28-2021RESOLUTION NO. 21-53
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF
FIRESTONE COLORADO, APPROVING A SUPPLEMENTAL BUDGET
APPROPRIATION TO THE TOWN OF FIRESTONE'S 2020 BUDGET.
WHEREAS, on December 4, 2019 the Board of Trustees of the Town %J Firestone
("Town") adopted the Towns' 2020 budget ("Budget"); and
WHEREAS, the Town's Board of Trustees desires to supplement the Budget as to the
Firestone Finance Authority Fund in the amount of $710,000; and
WHEREAS, such amount constitutes the outstanding principal payments for the
Firestone Finance Authority Fund's 2005 Lease Purchase Agreement; and
WHEREAS, such amount has been paid in full by funds from the Town's 2020
Certificates of Participation; and
WHEREAS, having fulfilled all its obligations the Firestone Finance Authority Fund is
now defunct; and
WHEREAS, as required by law the Town has published notice of and held a public
hearing regarding the proposed supplemental appropriation; and
WHEREAS, the 2020 Budget, as supplemented by this Resolution, remains in balance as
required by law.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE TOWN OF FIRESTONE, COLORADO*
Section 1. That the Town of Firestone's 2020 Firestone Finance Authority Fund is hereby
supplemented in the amount of $710,000.
INTRODUCED,
Koenig, CMC, T
NE
Attorney
this 28th day of April, 2021.
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Mayor
COLORADO
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