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LL t,�' LOUISVILLE REVITALIZATION <br />uyisvlollCOMMISSION <br />COLORADO -SINCE 1878 <br />SUBJECT: RESOLUTION 20-04: AMENDING THE ANNUAL BUDGET FOR <br />FISCAL YEAR 2020 FOR THE URBAN REVITALIZATION <br />DISTRICT <br />DATE: OCTOBER 28, 2020 <br />PRESENTED BY: KEVIN WATSON, LOUISVILLE FINANCE DIRECTOR <br />SUMMARY: <br />The Louisville Revitalization Commission (LRC) must approve all budget amendments <br />for the Urban Revitalization District (URD). The proposed budget amendments by the <br />LRC must be submitted to Louisville City Council for review and approval prior to final <br />LRC adoption. <br />The budget amendment was discussed by the LRC on September 9. The Commission <br />agreed to advance the recommended budget amendment to City Council for approval. <br />City Council approved the budget amendment for fiscal year 2020 on September 15, <br />2020. The LRC must now take final action, by adopting Resolution 20-04 (please see <br />Attachment #1), to approve the amendment. <br />RECOMMENDATION: <br />Staff recommends adoption of Resolution 20-04, amending the annual budget for fiscal <br />year 2020 for the Urban Revitalization District. <br />ATTACHMENTS: <br />• Attachment #1: Resolution 20-04 <br />Agenda Packet P. 12 <br />