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HomeMy WebLinkAbout1978 Ordinance No. 025. .. . • • • 7~ INTRODUCED AS A BILL BY COUNCILMAN WILLIAMS BY AUTHORITY ORDINANCE NO. ·25 , SERIES OF 1978 AN ORDINANC E CREATING AND ESTABLISHING A DOWNTOWN DEVELOPMENT AUTHORITY I N THE CITY OF ENGLEWOOD, COLORADO. THE BOARD THEREOF TO BE APPOINTE D BY RESOLUTION HEREAFTER DULY ADOPTED. WHE REAS, by Ordinance No. 16, Series 1978, the City Council of t h e City of Englewood, Colorado, has heretofore deter- mined to establ ish a Downtown Development Authority in the City of Englewood, Colorado; and WHE REAS, pursuant to said Ordinance, a special election was held in the City of Englewood, Colorado, on Tuesday, September 1 9, 1978, wherein the following question was submitted to the qualified e lectors entitled to vote t hereon: SHAL L A DOWNTOWN DEVELOPMENT AUTHORITY BE FORMED PU RS UANT TO PART 8 OF ARTICLE 25 OF TITLE 31, COL ORADO REVISED STATUTES 1973, AS AMENDED, THEREBY EMP OWERING THE CITY COUNCIL OF THE CITY OF ENGLEWOOD TO ASSESS, LEVY AND COLLECT AN AD VALOREM TAX UPON THE TAXABLE PROPERTY WITHIN THE JURISDICTION OF THE AUT HORITY NOT TO EXCEED 5 MILLS FOR THE USE AND BENEFIT OF THE AUTHORITY, SAID AUTHORITY TO EXERCISE ITS POWE RS WI THIN A DISTRICT TO BE BOUNDED AS FOLLOWS: Beginning at t he Northeast corner of the Southwest Quarter of Section 34, Township 4 South, Range 68 West of the 6th Principal Meridian; thence South along the East line of South Quarter section 660 feet more or les s to a po i nt which is inters e cted by the center lines of South Bro adway a nd Eastma n Avenue, this being the true point of beginning: Thence East along the centerline of East Eastman Avenue a distance of 509 feet more o r less to the centerline of the alley between South Lincoln S t r e et and South Sherman Street; Thence South along said centerline a distance of 660 feet more or less to a point on the centerline of East Floyd Avenue; Thence East along said center- line of East F loyd Av e nue a distance of 326 feet more or less to the centerline o f t h e a lley between South Sherman Street and South Grant Street; The nce South along said centerline a distance of 1140 feet more or l e s s to a point on a line projected from the North • • • line of Lot 3 0, Block 7, Premier Addition; Thence East a distance of 489 feet more or l ess to the centerline of South Logan Street; Thence South a long said centerline of South Logan Street a distance of 50 feet; Thence East a distance of 163 feet more or less to the centerline of the alley between South Logan Street and South Pennsylvania Stree t; Thence South along said centerline a distance of 845 feet more or less to the centerline of East Jefferson Avenue, also known as U.S. Highway 285; Thence West along said centerline of U.S. Highway 2 85 a distance of 824.5 feet more or less to the centerline of South Shennan Street; Thence South along said center- line a distance of 175 feet more or less to a point on the projected South line of Lot 44, Block 2, Higgins Broadway Addition; Thence West a distance of 1168 feet more or less to the centerline of the alley between South Bannock Street and South Acoma Street; Thence North a distance of 680 feet more or less to the centerline of U.S . 285; Thenc e Northwesterly along said centerline of U.S. High- way 285 to a point which is the centerline of South Bannock Street; Thence South a l ong said centerline of South Bannock Street a dis- tance of 90 f eet more or less to a point on a line projected from the South line of Lot 63, Block 5, Skerritts Addition, 2nd Filing; Thence West a distance of 163 feet more or less to the centerline of the alley between South Bannock Street and South Cherokee Street; Thence South a long said centerline a distance of 300 feet to a line projected from Lot 18, Block 5, Skerritts Addition, 2nd Filing; Thence West a distance of 177.5 feet more or less to the centerline of South Cherokee Street; Thence North 25 feet to the centerline of West Ithaca Avenue; Thence West along said centerline of West Ithaca Avenue a distance of 163 feet to a projected centerline of the alley between South Cherokee Street and South Delaware Street; Thence North a long said centerline a distance of 180 feet more or less to a line projected from the North line of Lot 11, Block 1, Skerritts Addi t i on; Thence West a distance of 163 feet more or less to the centerline of South Delaware Street; Thence South 12.5 feet; Thence West 163 fe e t more or less to the centerline of the alley between South Delaware Street and South Elati Street; Thence South along said center l ine a distance of 167.5 feet more or less to the centerline of West Ithaca Avenue; Thence West along said centerline of West Ithaca Avenue a distance of 1793 feet more or less to the centerline of Sout h Jason Street; Thence North along said centerline of South Jason S t r e et a distance of 460 feet more or less to the centerline of We s t Hampden Avenue, also known as U.S. Highway 285; Thence West a distance of 350 feet more or less to the East right- of-way line of t he A.T. & S.F. Railroad; Thence Northeasterly along said East right-of-way line a distance of 1156 feet more or less; Thence East a distance of 2592 feet more or less to the centerline of South Banno ck Stre et; ~hence North 192 feet more or less along the centerline of South Bannock Street; Thence East a distance of 163 feet more or less ; Thence North a distance of 470 feet more or less to the cen te rl i ne of West Eastman Avenue; Thence East a distance of 509 feet more o r less to the true point of beginning . -2- • • • • and WHE REAS, after canvassing the returns of said election, City Council has heretofore determined that a majority of the qualified electors voting on said question cast ballots in favor ther eof. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, as follows: Section 1. The r e is hereby created and established pursuant to Part 8 of Article 25 of Title 31, Colo~ado Revised Statutes 1973, as amended, a downtown development authority in the City of Englewood, Colorado to be known a s the "ENGLEWOOD, COLORADO, DOWNTOWN DEVELOPMENT AUTHORITY." Section 2. Sa id authority shall be a body corporate with all of the purposes and powers now or hereafter authorized by Part 8 of Article 25 of Title 3 1, Colorado Revised Statutes 1973, and all additional and supplemental powers necessary or convenient to carry out and effectuate the purposes and provisions of said Part 8. Section 3 • Said authority shall exercise its powers within the area bounded as fol lows: Beginning at t he Northeast corner of the Southwest Quarter of Section 34, Township 4 South, Range 68 West of the 6th Principal Me r idian; thence South along the East line of South Quarter section 660 feet more or less to a point which is intersected by the center lines of South Broadway and Eastman Avenue, this being the true point of beginning: Thence East a long the centerline of East Eastman Avenue a distance of 509 feet more or less to the centerline of the alley between South Lincoln Street and South Sherman Street; Thence South along said centerline a distance of 660 feet more or less to a point on the centerline of East Floyd Avenue; Thence East along said center- line of Eas t Floyd Avenue a distance of 326 feet more or less to the centerline of the alley between South Sherman Street and South Gran t Street ; Thence South along said centerline a distance of 1140 feet mo re or less to a point on a line projected from the North line of Lot 30, Block 7, Premier Addition; Thence East a distance of 489 feet more or less to the centerline of South Logan Street; Thence South along said centerline of South Logan Street a distance -3- • • • . . . of SO feet; Th e nce East a distance of 163 feet more or less to the centerline o f the alley between South Logan Street and So uth Pennsylvania Street; Thence South along · said centerline a distance of 845 feet more or less to the centerline of East Jefferson Avenue, also known as U.S. Highway 285; Thence West along said centerline of U.S. Highway 285 a distance of 824.5 feet more or less to the center- line of South Sherman Street; Thence South along said centerline a distance of 1 75 feet more or less to a point on the projected South line of Lot 44, Block 2, Higgins Broadway Addition; Thence West a distance of 1168 feet more or less to the centerline of t he alley between South Bannock Street and South Acoma Street; Thence North a distance of 680 feet more or less to the centerline of U.S. 285; Thence Northwesterly along said centerline of U.S. Highway 285 to a point which i s the centerline of South Bannock Street; Thence South along said centerline of South Bannock Street a distance of 90 feet more or less t o a po i nt on a line projected from the South line of Lot 63, Block 5 , Sk erritts Addit ion, 2nd Filing ; Thence West a distance of 163 fe et more or less to the centerline of the alley between South Bannock Street and South Cherokee Street; Thence South along said cent e rline a distance of 300 feet to a line projected from Lot 18, Block 5, Skerritts Addition, 2nd Filing; Thence West a distance of 177.5 feet more or less to the centerline of South Cherokee Street; Thence North 25 feet to the centerline of West Ithaca Avenue ; Thence West along said centerline of West Ithaca Avenue a distance of 163 feet to a projected centerline of the alley between South Ch erokee Street and South Delaware Street; Thence North along said centerline a distance of 180 feet more or less to a line projected from the North line of Lot 11, Block 1, Skerritts Addition; Thence West a d i stance of 163 feet more or less to the centerline of South Delaware Street; Thence South 12.S feet; Thence West 163 feet more or less t o the centerline of the alley between South Delaware Street and Sout h Elati Street; Thence South along said centerline a distance of 1 67.S feet more or less to the centerline of West Ithaca Avenue; Thence West along said centerline of West Ithaca Avenue a distance of 1793 feet more or less to the centerline of South Jason Street; Thence North along said centerline of South Jason Street a di s tance of 460 feet more or less to the centerline of West Hampden Av e nue, also known as U.S. Highway 285; Thence West a distance of 3 50 feet more or less to the East right-of-way line of the A.T. & S .F . Ra ilroad; Thence Northeasterly along said East right-of-way line a distance of 1156 feet more or less; Thence East a distance of 259 2 feet more or less to the centerline of South Bannock Street; Thence North 192 feet more or less along the center- line of South Bannock Street; Thence East a distance of 163 feet more or less; Thence North a distance of 470 feet more or less to the centerline of We st Eastman Avenue; Thence East a distance of 509 feet more or less to the true point of beginning. -4- • • • Section 4 . That duly qualified persons to serve as members of the Board of said Authority shall be appointed by resolution to be approved and a ppoint ed by City Council on October 16, 1978 and the terms of off ice established therein. Section 5. That an Ad Valorem Tax of Five (5) Mills shall be assessed, levied and col lected by the City Council for the use and benefit of the Authority i n accordance with the provisions of Part 8, Article 25, Title 31, Colorado Revised Statutes 1973, as amended. Section 6. That any ordinance or resolution by which bonds are issued pursuant to Part 8 of Article 25, Ti~le 31, C.R.S. '73, as amended, shall specify the maximum rtet effective interest rate of such ·bonds. Section 7. That all actions not inconsistent with the provisions of this Ordinance heretofore taken by the officers of the City of Englewood, Colorado, whether elected or appointed, directed toward the creation and establishment of a downtown development authority and the appoin tment of the board thereof, are hereby ratified, approved and confi rmed. Section 8. All ordinances or resolutions, or parts thereof, in conflict with this Ordinance are hereby repealed, except that this repealer shall not be construed to revive any ordinance, resolution or parts thereof h e retofore repealed. Section 9. If any section, paragraph, clause or provision of this Ordinance shall for any reason be held to be invalid or unenforce- able, the invalidity or unenforceability of such section, paragraph, clause, or provision will not affect any of the remaining sections, paragraphs, clauses or provisions of this Ordinance. Introduced, read in full and passed on .first reading on the 2nd day of October , 1978 . Publi shed as a Bill for an Ordinance on the 4th day of October, 1978 . -5- .. · .. . . . • • • • . Read by title and passed on final reading on the day of October, 1978. 16th Published by title No. 25 1978, on the 18th day of ___ __,,.c::;;;..=..,._.. __ , 1978. , Series of ATTEST: I, WILLIAM D. JAMES, do hereby certify that the above and foregoing is a true, accurate and complete copy of the Ordinance, passed on final reading and published by title as Ordinance No. 25 , Series of 1978 . -6-