HomeMy WebLinkAbout2001 Resolution No. 030•
RESOLUTION NO .~
SERIES OF 2001
A RESOLUTION DECLARING A GOAL FOR 2001 THAT THE ENGLEWOOD PARKS
AND RECREATION DEPARTMENT WILL RECEIVE FIRST CONSIDERATION WITH
RESPECT TO ISSUANCE OF GENERAL OBLIGATION DEBT FOR NON-EMERGENCY
CAPITAL IMPROVEMENT PROJEC.'TS.
WHEREAS , the Englewood Parka and Recreation Department contributes significantly to
the City of Englewood's quality of life; and
WHEREAS, General Obligation Bonda that the City originally issued for Parka and
Recreation improvements will retire in the year 2002; and
WHEREAS, based on the retirement on these bonds , the City may have a unique
financing opportunity to make capital improvements throughout the Parka and Recreation
Department with regard to repair and improvement of the City's capital facilities ; and
WHEREAS, the City each year is faced with multiple and competing needs from equally
deserving City departments for capital im :Jrovements ;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, THAT:
&s:tilm...l. The City Council of the City of Englewood, Colorado hereby declares aa a goal
for 2001 that the Parka and Recreation Department will receive first consideration with
respect to issuance of general obligation debt for non-emergency capital improvement
projects. The City staff is hereby charged with making final assessment of capital needa
and options for improvements to Park.s and Recreation Department facilities . City staff will
re: ,rt ba ck to City Council as to the s tatus of those needs and improvements.
ADOPTED AND APPROVED this 16th of April, 2001.
Ill)~ 14. 4_'...,4,...6-✓~-
~urna. Mayor
I, Loucrishi a A. Ellis , City Clerk for the City ofEnglew o d.
above is a true cop y of Re solution No..3Q. Series of 2001.
COUNCIL COMMUNICATION
Date Ag,nda ll•m Subject
Resolution declaring Parks &
Ap ril 16, 2001 11 ci Recreation projects as die priority
use of the City's general
obli gation bondlnR capacity.
Initiated By I Staff Sou=
Deoartm ent of Fina nce and Ad ministrat1'• ~ervices Frank Grv2lewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
The Coun cil has discussed Parks & Recreation projects at numbers meetings including th e 2001 Budget
Retreat held on September 30, 2000.
RECOMMEN~ED ACTION
Staff recommends Council appnwe the attached resolution . This resolution declares the Council's first
consideration for use of the City's general obligation bonding capacity to be used for Parks & Recreation
projects. It is intended that a ballot question be submitted to the vote rs at the November 6, 2001 election.
FINANCIAL IMPACT
There is no direct financial impact resulting from the approval of this resolution, but there will be an impact
if the voters approve the ballot proposal and bonds are issued.
UST OF ATTACHMENTS
Proposed res ol ution.