HomeMy WebLinkAbout2019 Resolution No. 031RESOLUTION NO. ll
SERIES OF 2019
A RESOLUTION SUPPORTING THE ENGLEWOOD MCLELLAN
RESERVOIR FOUNDATION CONTRACT WITH 53
CORPORATION, LLC FOR CONSTRUCTION OF PHASE 2 OF
PLAZA CIRCLE.
WHEREAS, the Englewood McLellan Reservoir Foundation (EMRF) was formed to
oversee the development of the McLellan Reservoir property;
WHEREAS, as part of the 2008 sale of EMRF property to Regional Transportation
District (RTD), EMRF and RTD agreed to execute a Subdivision Improvement
Agreement with Douglas County;
WHEREAS, RTD agreed, as part of the purchase, to contribute one-half of the cost of
constructing the roadway up to $500,000 dollars in order to develop the property;
WHEREAS, in November 2015 EMRF and RTD filed a minor development plat that
dedicated the right-of-way to Douglas County;
WHEREAS, in January 2016 EMRF entered into a lease agreement with MKS
Residential, which obligated EMRF to construct Phase 1 of the roadway;
WHEREAS, in the 2016 budget City Council approved the transfer of $800,000.00
from the LA TR fund to EMRF for the construction of the roadway;
WHEREAS, in June 2018 City Council passed a Resolution of Support for EMRF to
enter into a cost sharing agreement with RTD for construction of Phase 2 of Plaza Circle;
WHEREAS, in November 2018 City Council approved a Resolution of Support for
EMRF to enter into an IGA with Douglas County in lieu of letter of credit for the
construction of Phase 2 of Plaza Circle;
WHEREAS, this Resolution of Support to allow EMRF to enter into a contract with
5 3 Corporation, LLC to construct Phase 2 of Plaza Circle will move the completion of the
roadway forward, thereby facilitating the marketing of the two remaining EMRF parcels;
and
WHEREAS, EMRF will contribute $543,140.00 and RTD will contribute
$395,000.00 to the construction of the roadway for a total of $938,140.00
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ENGLEWOOD, COLORADO, THAT:
Section 1. The City Council of the City of Englewood, Colorado, hereby supports the
Englewood McClellan Reservoir Foundation entering into a contract with 53
Corporation, LLC for the construction of Phase 2 of the Plaza Circle roadway.
ADOPTED AND APPROVED this 22 nd day of January, 2019.
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Linda Olson, Mayor
ATTEST:
I, Stephanie Carlile, City Clerk for the City of Englewood, Colorado, hereby certify
the above is a true copy of Resolution No. 31, Series of 2019.