BVRC Revolving Loan Fund Transfer~ ~ 1
Boulder Urban Renewal Authority
1300 Canyon Boulevard
PO Box 791
Boulder, CO 80306
303-441•3276
303-441-4070
www.c i. bould er.co. u s/bu ra
MEMORANDUM
November 25, 2003
TO: BLTRA Board of Comm~ssioners
FROM: Brad Power, Executive D~rector
SUBJECT: BVRC Revolvmg Loan Fund Transfer
The BVRC Revolvmg Loan Fund has been transferred from separate, BURA-controlled
accounts at Colotrust and Bank One to a consolidated account of the Crty of Boulder.
The funds have been depos~ted mto an account that has been earmarked to support
redevelopment achvrties. A portion of the funds will also be used to fund the new
redevelopment posihon that is ident~fied m the recently adopted Economic Vitality
Pohcy
The balance of the fund at the hme of the transfer was $532,730.