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Resolution No. 2 - Parking RESOLUTION NO.2 A RESOLUTION CONCERNING THE CITY OF BOULDER, BOULDER JUNCTION ACCESS COMMISSION GENERAL IMPROVEMENT DISTRICT - PARKING FUND, ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2012 WHEREAS, Chapter 8-4 of the Revised Code of the City of Boulder requires that the Board annually determine the amount of money necessary to be raised for the District by an ad valorem tax levy on the taxable property in the District; and WHEREAS, said chapter provides that prior to the start of proceedings for said levy of taxes, the Board shall prepare and adopt a budget, and WHEREAS, all requirements of said chapter pertaining to the giving of public notice have been accomplished; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, ACTING AS THE BOARD OF DIRECTORS OF BOULDER JUNCTION ACCESS COMMISSION GENERAL IMPROVEMENT DISTRICT - PARKING that: Section 1. Estimated expenditures for fiscal year 2012 are as follows: Operations S17,314 Debt Service 0 TOTAL $17,314 Section 2. Estimated revenues for fiscal year 2012 to fund the above expenditures are as follows: Property Taxes $ 13,021 Parking Meter Revenue Transferred from General Fund 3,902 Ownership Tax 391 TOTAL $17,314 Section 3. The proposed budget as submitted and hereinabove summarized be adopted as the budget of the City of Boulder, Boulder Junction Access Commission General Improvement District Parking Fund for the 2012 fiscal year. ADOPTED this 1 S`h day of October, 2011. i Chair Attest: Secretary