To: Castle Rock Urban Renewal Authority Board of Commissioners
From: Pete Mangers, Executive Director, Castle Rock Urban Renewal Authority
Michael Hyman, Legal Counsel, Castle Rock Urban Renewal Authority
Trish Muller, CPA, Treasurer, Castle Rock Urban Renewal Authority
Title
Resolution Adopting the 2027 Fiscal Year Budget for the Castle Rock Urban Renewal Authority
Body
________________________________________________________________________________
Executive Summary
Staff is requesting Urban Renewal Authority Board of Commissioners (BOC) action on the 2027 Castle Rock Urban Renewal Authority (CRURA) Budget. In addition, staff has included the 2026 Annual Report.
The proposed 2027 CRURA Budget resolution is included for BOC review and approval. The budget document provides a funding source for 2027 and includes conservative amounts for revenue and expenditures. Future annual appropriations for CRURA will be acted upon by the BOC in association with Town Council budget calendar.
The proposed 2027 Budget of the Castle Rock Urban Renewal Authority (CRURA) is attached. In conformance with requirements of the State of Colorado, the budget must include anticipated revenues, proposed expenditures, beginning and ending fund balance, and three years of budget data. The basis of accounting used in the CRURA Budget is accrual.
Activities in 2026:
No significant capital improvements were completed in 2026. Any costs associated with use of Town URA staff or EDC staff or use of consultant’s/expert consultants will be reimbursed by TIF revenues when a URA Project occurs and TIF is collected.
Staff Recommendation
Staff recommends approval of CRURA Resolution No. 2026-001, A Resolution of the Castle Rock Urban Renewal Authority Adopting the 2027 Castle Rock Urban Renewal Authority Budget.
Proposed Motion
“I move to approve the Resolution as introduced by title.”
Alternative Motions
“I move to approve the resolution as introduced by title with the following conditions: (list conditions).”
“I move to continue this item to the Town Council meeting on _____ date to allow additional time to (list information needed).”
Attachments
Attachment A: Resolution
Exhibit 1: 2027 Castle Rock Urban Renewal Authority Budget
Attachment B: CRURA 2026 Annual Report