Memorandum of 09/10/2003 BVRC Revolving Loan Fund Balance. . ~
Boulder Urban Renewal Authorlty
1300 Canyon Boulevard
PO Box 791
Boulder, CO 80306
303•441-3276
303-441-4070
www.ci. boulder.co.us/bura
MEMORANDUM
September 10, 2003
TO: BURA Board of Commissioners
FROM: Brad Power, Execuhve Director
SUBJECT: BVRC Revolvmg Loan Fund Balance
In these days of very low mterest rates, there is lrttle month-to-month movement m the
balance of the Boulder Valley Regional Center (BVRC) Revolvmg Loan Fund. The
balance as of August 30`h was $532,191.
There were no expenditures from the fund dunng the month of August However, at the
August 20th Boazd meetmg, prehmmary approval was provided to the City Manager to
tap the fund m 2004 (and possibly 2005) to fund the redevelopment speciahst posihon
that ~s proposed m the economic vitality policy.