HomeMy WebLinkAbout2012 Resolution No. 053RESOLUTION No .:?..?
SERIES OF 20 12 --
A RESOLlJTION APPROVIN G A TTL"-NSFER AND s·JPPLEMENT,\L APPROPRIATIO N
TO THE 20 12 8Ll)GET FOR THE REPAIR OF THE FOUNTAIN AND .'\.i\llENHLES AT
LITrLE DRY CR EEK PLAZA.
WHEREAS , the City of Eng lewoo d is re quired by Cit y Charter to ens ure that cxpe nditur r.s do
not exceed lega lly adopted app ropriati ons ; an<l
WHEREAS. the :0:2 Bud ge t was sub m11ted and ap pro ve d hy th e En glewood City Coun cil in
Octo ber 201 1; ,md
WHEREAS, tlus s11 pp lcmental appropn a110n to the 20 12 Budget is due tn total ex pcn<liturcs
for th e year not bei ng fully known when the 20 12 !3udgct was app roved
\VJ-f'EREAS , the repair of t.h c fountain and am eniti es locn lcd nt Little Dry Creek Plaza i:.
co nsidered :m economic in centive a:1d a publ ic im prov ement th at may he lp revital ize th e
Englewood Mark,:tp lace .
NO W, THEREFORE , BE IT RESOLVED B i THE crrY CO UNCIL OF THE CITY OF
ENGLEWOOD. CO LORADO , AS FOLLOWS :
Section I . The Budget for the City ofEng icwood. Colora do, is horeb y ame nded for the year
end ing 2012 , as follows :
2UI 2 SUl'l'L£Mt:N°l AL Al'l'ROl'RIA TION
GENERAL FUND
SOURCE OF FUNDS:
Long Tenn As set Re serve (L TAR)
U~r' OF FUNllS:
Transfer Out 10 the Public hn pro vcme nt Fune;
PUBLIC 1.MPROVD·IENT FUND
SO UR CE Of FUNDS :
Transfer lo From the General Fund
USE OF fU'.'!US :
Repair of th e Fountain and amenilies of the founuun
at th e Lin le Dry Creek Plaza
$100 ,00U
$100,000
~100,000
$100,000
Scc11011.2_. ·n u; City Manage r :mci lhc Di rcc w r 11f Fim111 ce and Admin istrat ive Sr:rv ic c...,;, :ire
111'11 :hy a11lh11ri1.1:rl In mak e lh ~ nh ,w e chungcs lo th e 20 12 Hucl gct fo r the Cit y of Englcwcmd
AIJrJl"ll:D /\ND .'\l'J>l <CNliD Lins 'ilh day ,,r .lune, W I 2.
I. I .rn 11 :1 i1:h i11 A nll i:;, City Clerk fi,r _!!le C.:11y t•f' En1;h;w01,d. C 11 li1r ;1 d l1 . licrcl w ccrnfy the
:1hovc 1s ;. 1ru c co p y of Rcrnlulmr. l\n . _?_l_. Sc.n•·!-l ? 7
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1.rn tc n shi:t /\.Elli s.Cit y C lerk
COUNCIL COMMUNICATION
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Date: Agenda Item: Subject:
June 4, 2012 11 Ci Resolution for a transfer of funds and a supplemental
appropriation for repairs to the fountain and
amenities at the Little Dry Creek Plaza
Initiated By: I Staff Source:
Finance and Administrative Services Department Frank Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council discussed this issue at the May 21 , 2012 Study Session . Council directed staft to draft
a resolution for a transfer and supplemental appropriation for $100,000 (Long Term Asset Reserve
funds) to iund the repair of the fountain and ameni1ies at the Little Dry Creek Plaza adjacent to
Englewood Marketplace. The reoair of the iountain is considered an incertive to have McAlisters
Deli locate ,,1 !he Marketplace.
RECOMMENDED ACTION
Staff recommends City Council approve the at:ached resolution for a transfer and sJpplemental
appropriation of funds for the repair of the fountain and amenitie5 at th e Little Dry Creek Plaza .
SOURCES AND USES OF FUNDS
GENERAL !'UNO:
SOURCE Of FUNDS:
Long Term Asset Reserve (L TAR) $100,000
USE OF FUNDS:
Tranier Out to the Publi : Improvement Fund $100,000
PUBLIC IMPROVEMENT FUND :
SOURCE OF FUNDS:
Transfer In from the General Fund $100,000
USE OF FUNDS:
Repair the Fountain and Amenitle~ at Little Dry Creek Plaza $100,000
IIACKGl!OL/ND, Al'\I\LVSIS, AND ALTERNATIVES IDENTIFIED
Tl •,1s lr,,n s(e r i:lnd !i upplt:menlttl appropriation was n o t kn o w11 wl1en the 2012 Bud&cl was prcpnrcd.
The!-e:: 11111th .. ue 1111th ,, p ubl,c 1111provement antJ an economic incentive t 1,at mc1y help revitnli1.e tht:
E11glew c1ocf /v',,1rk c :pl,1 ce .
l'INANCIAI. IMPACT
Th e l.011g T ~•:rn1 A:,.,t!I Rest:rve will tlecn .. .:r1s t! a 11 1.1 x i111u111 of ~ 100,ll(K.l . A c\1 :.:1 co~I will be
rl1 !lc•rn1 im:rl :111d 110 t xpe ndi ll JJl~s will bt~ made unlil ., l~!asc ;1g1c c 111f:11 : 11:is he1-:1: finalized w ith
M<..Ali ste r':; :-111Cl ~, bwlding pc~rirnil iss u(•!d . 1:'-!J l·•·,dillirli!. w ill b e t :ippe d ;ii i1 flO,OtKJ
UST or /\Tr ACHM[NTS
/V\.1y '.:!I, :!.O I 2 S111dy Sc ~,:o"1n1 /vh:11101o1n d urn
l'1,,pc1 ~(~d Re ~,<1l 111i c,n
Memorandum
City Manager's Office
TO: Mayor Po.:n and Members of City Cnundl
THROUGH: Gar) Sears, City Munagcr
FROM: Michael Flaherty , Deputy City Manager
~-•,TE : Mayl7,2012
SUBJECT: McAlister's Deli -Englewood Market Place : Publi: Improvement Request
McAlister's Deli is a chain of fast-casual restaurants based in Oxford, Mississippi with ovu 300
locations in 23 states, ranging from Virginia in the East lU Floritla in the Suuth to Indiana in the
Midwest and to Colorado in the West. The McAlister's concept is similar to that of Panera
Bread and Comer Bakery . Colorado franchises are currently found in Aurora, Pueblo, Fort
Collins a:ld Grand Junction
Economic Development Manager Darren Hollingsworth was approached earlier lhis yctu by the
representative of McAlister's franchisee group and the broker for Englewood Market Place
regarding a possible restaunmt to be located at the site of the former Blockbuster Video. The
group's representative is asking for City assistance in establishing a restaurant at Market Place,
specifically , the lcuer of intent with Market Place includes a contingency that the lease is subject
to the City 's agreement 10 recondition the fountain , provide maintenance of the plaza and
provision of a license agreement for outdoo r seating .
Within ccnain limillltions , outdoor seating may be accomplished administratively through a City
permit, and in addition, some repairs are needed in the pla7..a area to steps, railings, concrete and
tlagstone . The fotmtain , which has been out of operation since 2008 due to budget reductions,
will require repairs, cleaning and modification . In its previous operation , the fountain drew large
quantities of water from the pond area of Little Dry Creek. The volume of water required
multiple pumps that were expensive to maintain and to operate, in excess of $4000 som~ months
in Xcel charges alone, which is the primary reason that the fountain operation was discontinued .
The Public Works slaffhas proposed that the fountain be changed lo a "closed system " that
recirculates potable water, rather than drav.ing water from the pond. This would allow for use of
sm•II, more energy efficient pumps aud avoitl 1l1t: issue s of din, debris and odor that come with
the brackish creek water. The cos t of a modified fountain is also considerably less costly than
reacti vating the fountain as it previously operated .
Mt;l\1li~tc1·~ l>i..:li
M,1y 17, :!1110
l'11gc 2
The cstimalcd c...:os l ol' rcpai1 ing. lhc plaza urea and riuubg the "1u111~1in into npcration is
$100:()00, In mlcli:i,m, lhc upcrntion ol' the foun1ain will have nnnual opcrnling co::1:; to 1hc l':irk~
and Recreation Dcpanmcnt. panicularly Xcel cliar~cs li,r clcctricity, although hopcrully al a i.1lc
consilk :·ahlc l~ss than the prior np1.:rn tio n, and general repairs and main1cn,mec during Ille annual
opcra1io11 0C1he limnta in from May through mid-Ociohcr. Although 1h ;s co,I cannol he
cstinntccl pn,cisc ly, ,1 coul<l approach $1.5,000-i 18,000 annually .
I lircct lin:incial bcnclit will be reali,.ed from the proposed rcs1aurnn1 through two sources .
l'luildin~ improvement and acquis ition of furniture, fixtures and equipment are estimated at
$1,:17~.(l(Hl Annual snit:,. ba sc,I on Mc/\lisler's experience , nrc cslinwted at $1.S00,000 -
$2,:100,000. Use ti,xes (a onetime ,,ayment) derived from the project arc cs1im:1tcd "' a minimum
01'$'.17 1 500 am! m111ual sale s 1,1x rcv1,;11uci-., bas1,;d 0 11 ti·. lowc1 ,1 m11unt o f'thc range, will he
:i,)],)0(1 rn11111ally .
Unforlunntcly , to m ce 1 thr. 1imr r<iq11 irr.mcm1.r. n r Mc/\li"1 er's •· the I .ctl cr of' ln1cn1 expires on
.lune I 5th and it is lhcir dc:iirc to he under con!'.lrucdon :;oun thcrcartcr •l'unding oi' the rcquesled
public impwvcmcn< by the Cily would need lo he assured heforc u lcnsc is cxccuied . Funds are
1101 budi;ctcd for the ,·cqueslcd improvements nor arc funds available in lhe Cupilul lmprovemenl
fund . Conscqucmly, sli.l rf is requesting :nllhori1..a1ion from Co uncil for use of$100 ,000 from the
1..ATR funds for this purpose.
Swff believ e s that a public investr.1e111 at 1h 's :oealion will 1101 only help 1he Ci1y to secure a
d<:sirablc te,mnt, but lhnt lhesc improvements along wilh the sev~n dny/weck aelivily that the
rc,sl1111rnnl uenerates will have a very posilivc impact on Market Place and the surrounding area.
II should also be noted that a pre·:io"s prospective restauranl tenant for the same site had also
inquin.:u about the Cily ,1ctivati11g the fountain. The Markel Place broker has had interest from
other poten1ial tenants • this space ; however, those uses would not generate sales tax, or
provid e the level of activity tliat a restaurant would . Staff believes construcling the needed
improvements would be u good investment , give.:n th e pre:jc:tcd net income from sales tax nnd
lhe benefit 1ha1 would be realized hy 1he entire area from increased busine ss activity. If Council
suppons the proposed plan, staff will proceed wilh lhe recommended improvements.