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HomeMy WebLinkAbout2018 Ordinance No. 001ORDINANCE NO. 1 SERIES OF 2018 BY AUTHORITY COUNCIL BILL NO. 3 INTRODUCED BY COUNCIL MEMBER OLSON AN ORDINANCE AUTHORIZING ACCEPTANCE OF A GRANT FROM THE STATE OF COLORADO, ECONOMIC DEVELOPMENT AND INTERNATIONAL TRADE (OEDIT) TO FUND ADMINISTRATION ACTIVITIES FOR THE SOUTH METRO ENTERPRISE ZONE. WHEREAS, in 2015 the City of Englewood applied to the Colorado Economic Development Commission and was granted Enterprise Zone status for the entire City of Englewood; and WHEREAS, the City of Englewood is the administrator for the South Metro Enterprise Zone for the cities of Littleton, Sheridan, the Town of Parker and Englewood ; and WHEREAS, this year the State of Colorado Economic Development Commission issued an unsolicited grant to the City of Englewood to reimburse the City for the administration of the Enterprise Zone; and WHEREAS, the Enterprise Zone is used in the City to initiate business retention, business expansion, and business attraction activities; and WHEREAS, the Grant and related Agreement between the State of Colorado Economic Development Commission and International Trade (OEDIT), and the City of Englewood pledges $16,950.00 in local matching funds in the form of staff time, overhead, and marketing materials to meet this obligation; and WHEREAS, this Grant will be used for Enterprise Zone administrative activities and will reimburse the City of Englewood for staff time and expenditures. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: Section 1. The State of Colorado, Economic Development Commission Colorado Purchase Order #PO POGG1 2017-634 for the Grant of $16,950.00 to be used for Enterprise Zone Administrative activities, attached hereto as Exhibit A -Purchase Order, is hereby accepted. Introduced, read in full, and passed on first reading on the 5 th day of February, 2018. Published by Title as a Bill for an Ordinance in the City's official newspaper on the 8th day of February, 2018 . Published as a Bill for an Ordinance on the City's official website beginning on the 7 th day of February, 2018. Read by Title and passed on final reading on the 20th day of February, 2018. Published by Title in the City's official newspaper as Ordinance No. 1, Series of 2018, on the 22nd day of February, 2018. Published by title on the City's official website beginning on the 21 st day of February, 2018 for thirty (30) days. This Ordinance shall take effect thirty (30) days after publication following final passage. Mayor ' ATTEST: I, Stephanie Carlile, City Clerk of the City of Englewood, Colorado, hereby certify that the above and foregoing is a true copy of the Ordinance passed on final reading and published by Title as Ordinance No. 1, Series of 2018 .