RESOLUTION NO. 118-03

A RESOLUTION ADOPTING THE BUDGET FOR THE PURPOSE OF DEFRAYING THE EXPENSES AND LIABILITIES FOR THE FISCAL YEARS ENDING DECEMBER 31, 2004 AND 2005.

 WHEREAS, In accordance with the provisions of Section 59 of the Charter of the City of Grand Junction, the City Manager has submitted to the City Council a budget estimate of the revenues and expenditures of conducting the affairs of the City of Grand Junction for the fiscal years ending December 31, 2004 and 2005; and

 WHEREAS, after full and final consideration of the budget estimates, the City Council is of the opinion that the budget should be approved and adopted:

 NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION, COLORADO:

 That the budget estimate of the revenues and expenses of conducting the affairs of said City for the fiscal years ending December 31, 2004 and 2005, as submitted by the City Manager, be and the same is hereby adopted and approved for defraying the expense of and the liabilities against the City of Grand Junction, Colorado, for the fiscal years ending December 31, 2004 and 2005.

 ADOPTED AND APPROVED THIS 3^rd Day of December 2003.

         APPROVED:

         /s/ Jim Spehar      

         President of the Council

 ATTEST:

 /s/ Stephanie Tuin    

 City Clerk