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HomeMy WebLinkAbout2001 Ordinance No. 078• • ORDINANCE 0. '2l.. SERIES OF 2001 BY AUTHORITY COUNCIL BlLL NO. 81 rNTRODUCED BY COUNCIL MEMBER WOLOSYN AN ORDINAN E AUTHORIZING THE TRANSFER OF OWNER.SH~" OF THE ENGL.EWOOD D E POT BUILDING FROM THE ENGLEWOOD HISTORICAL SOCIETY TO THE CITY OF ENGLEWOOD . WHEREAS. in 1994 the Englewood Depot recei ve d status ae II historic 3tructure on the State Register of Historic Propert 'es; a nd WHEREAS, in 1996 the Englewood Hi tori .. S nctety was awarded a •100,000 grant from the Colorado State ffjstor.cal Society for renovatior, of the roof and building exterior; and WHEREAS, in 1998 the City of Englewood p urchased the n... •• ·,· t ·! ~ix lots at West Dartmo.,th and South Galapago from t · tu11 1ewood '·l l'usu ;( '.u>~ority; and WHEREAS . the City then sold the Depot building to the F-:>gh,wocd Historical Society for $76,000 pursuant to an inatal!ment contract; and WHEREAS . the Englewood City Council authorized, through a :?COO Capital Fund appropriation, $250,000 toward complet:on of the rehabili ~io n of t:he Depot; and W!:!.ER!::AS, the Englewood Historical Society has requested th.at the City accept owne,shir of the Depot building in exchange for relieving the Society of its indet,te:lneaa of 576,000 to the City: ~r,d ·NHEREAS . the p!i88age of this Ordin.ance will te,mjnote the indebtedness owed to the C icy by the Englewood Historical Society and the City will assumP own-,.rehip of the Depot; , OW, THEREFORE, BE JT ORDA 1 • ./ED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: ~-The City Council of the City of Englewood, Colorado hereby authorize• the transfer of owners hip of the Englewood Depot building from the Englewood Historical Society to the City of Englewood in exchange for the City's for,:iving of the Englewood llistorical Sodety's indebte dness o f S76.000. Introduce d . read in full . and passed o n first rea ding o n the 3rd day of December. 2001. 10 b ii Published aa a Bill for an Ordinance on the 7th day of De.:ember. 200 1. Read by title and pasaed on final reading on the 17th day of December, 2001. Published by title as Ordi nance No. '2i. Series of 2001 . on the 21st day of D ece mber. 2001 . I , Loucriabia A. Ellie, City Clerk of the City of Englewood, Colorado, hereby certify that the above and fo,-egoing ia a true CO,R¥,.9f the Oroinan p eed on final l:'eading and published by titl.e 11& Ordinance Nd.' l)L. Series of ' I. -2- • • • • • • COUNCIL COMMUNICATION ---------------,----------------,--------· -. ------ Date Agenda Item Dec~mber 3, 2001 11 a ii Subject Trans fer of th e Englew»oa D<.,>o t from Engl ewood Hist~·ical Society !o the City of Engl.,,, ood ______________ .....__ _____________ ~----------· I STAFF SOUP.CE INITIATED BY City Manager's Offi ce Michael Fl a herty, Ass istan t City Manager COUNCIL GOAL AND PREVIOUS COUN l'.:l l ACTION In 1998 the Cit acquired the depot and six !ots at West Dartmouth and South Galapago for $286,000 from the Englewood Housing Authority. At the same time, the City sold b ack the Depot structure to t'"ie Englewood Historical Society for $76,000 sec ured by a prom1sory note. QECOMMENDED ACTION Staff recommends Counc,I ap proval of a Bill for an Ordinance ~o accept the transfer of ownersh1;> of the Depot from th e Englewood Historical Society in exchange for forgiving the prom issory note und being allowed some conti nuing presence in the depot Staff recommends that the requested continuing presenc e be limited to his torical photo3raphi c displays and/or periodic rotating his tor.ca l exhibits, which w n uld be su b ject tr p rio r City app roval . BACKGROUND In 1994, th e Englewood Historical Society acquired the Englewood Depo t from a priva te owner in o rder to prevent the demolition of this important historical stru c ture . The Depot was moved to its current 'location through a S300.000 promissory note wi th the Englewood Housing Au thority in payment for the si te. Also in 1994. the depot received status as a historic structure on the State Register of Historic Propetties. In 1995, the Englewood Historical Society wa.s awarded a $100,000 grant from the Colorado Stale t-hstorical Society for renovation of the roof a .1d the building ex teri or. In 1998 ~; r;ty ii ;tuired th e depot and six lots a t West Dart mouth and Sou th Galapago for $286,000 from the En .Jewood Housing Authority. At the same time, the City sold back the Depot structure ,o th e Englewooc' istorical Society for S76,000 secured by a promisory note th a t was to be repai d in Installments with no in t~rest. However, th e amo unt ol the ins tallments and payment due dates were no t specified . To date, no pavments have bee n made on the promissory note. City Counci l au thorized, through a 2000 Capital fund appropriation, $250,000 toward completion of th e rehabill 1,1ion of the Depot. Staff was instructed to work with the Eng lewood Historic 5ociety to a•:h1 eve the rehab1hta tion However, during planning for rehabilita tion with the Society, the proposed use of the Depot as a City m·, eum was lnvesti ea ted m o re thoro ugh! . The Society determined that thei r or~ nizati o n did not have the financial o r hurr:iln resources to opente a museum and It was also o •,te rm lned that the Depot was not a sui table building to se"~ as a rnuseu m , Council had approved us e of d portion o f the appropri a tion for organizational assistance w ith rhe Historical Society and for limi ted work on th e building and site. The c urrent balance of the fund is app ro imately $230.000. On August 21 , 2000, through Gty C;:,uncil resolu.ron, th e D epot was granted City Historical Property designation. Earlier this year, the City, in cooperation with the Englewood Historical Society applied for ,,nd received a $10,000 •mii.1•ij rant" from the Slate Hi ~torical Society 10 c onduct Historical S1ructures A!Sessment, which will be complett-:l by the end of December. The Histork:al Structure s Assessment is a current prerequisite prior to application for {urure State Historical fundirig. On O cto b e r 5, 2001, Rosemary laPorta, President o f th e Englewood Historical Soc!ety, forwarded a lener to City Council requesting, on behalf of the Board of the Soci ety, th'l t the City accept the transfer of ownership of the En glewood Depot in o rd er to reliev e the Society of it s indebtednees 10 the City. FINANCIAL IMPACT Acceptance of the Depot will canc el the $76,000 promissory note owed to the City. In addition, the City will assume responsibility for on-gom ~nd future expenses related to the Depot, including insurance and futu re improvements. UST OF ATTACHMENTS Proposed Bill for an Ord inance • • •