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PROJ00464
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PROJ00464
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Last modified
11/19/2009 11:43:26 AM
Creation date
10/5/2006 11:56:23 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
FS0001X
Contractor Name
Bennett, Town of
Contract Type
Loan
Water District
0
County
Adams
Loan Projects - Doc Type
Feasibility Study
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<br />I <br /> <br />I <br /> <br />economy of the Denver area has made an impact on the Bennett area. Today <br /> <br />I <br /> <br />approximately 45% of the population commutes to the metropolitan area for <br /> <br />employment. This trend is expected to continue, and as land for development <br /> <br />I <br /> <br />becomes increasingly scarce near the metropolitan area, the population, <br /> <br />I <br /> <br />the growth rate, and the percentage of commuters is expected to increase. <br /> <br />I <br /> <br />D. LAWS UNDER WHICH THE TOWN IS ORGk'UZED <br /> <br />The Town of Bennett, Colorado is a municipal corporation existing <br /> <br />- <br /> <br />I <br /> <br />under the general Colorado State Statutes, Title 31, Article 1, Part 2. <br /> <br />I <br /> <br />E. POWERS AND AUTHORITY OF TOWN <br /> <br />I <br /> <br />Being organized under the general Colorado State Statutes, the Town <br /> <br />of Bennett has all the General and Special Powers granted by the Statutes <br /> <br />I <br /> <br />under Title 31, Articles 12 and 15. Title 31 grants the Town a total of <br /> <br />81 General and Administrative Powers and 11 Special Powers. Included in <br /> <br />I <br /> <br />these powers are: (1) the right to eminent domain; (2) the right to levy <br /> <br />I <br /> <br />and collect taxes and to prescribe by ordinance assessments on land; <br /> <br />(3) the authority to contract for construction of public works and to <br /> <br />I <br /> <br />accept grants and loans for construction of public works; and (4) the <br /> <br />authority (when granted by municipal election) to sell or dispose of <br /> <br /> <br />public works-real property. <br /> <br />F. FINANCIAL STATUS <br /> <br />The Town operates on the accrual method of accounting for all revenues <br /> <br />and expenditures. Fixed assets are stated at cost and/or estimates of <br /> <br />fair market value. In conformance with governmental accounting principles, <br /> <br />these fixed assets are not depreciated. Being a municipal government, <br /> <br />-4- <br />
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