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Home My WebLink About1999 Resolution No. 077RESOLUTION NO . !l!L SERIES C'F 1999 A ll.ESOLUTION AUTHORIZING TRE CITY OF ENGLEWOOD, COLORADO TO FILE AN APPUCATION WITH THE U. ~-DEPARTMENT OF COMMERCE : ECONOMIC DEVELOPMENT AmDNISTRAT!uN FOR A GRANT WHICH WILL FUND THE DEMOLITION OF THE EXISTING ENGLEWOOD CITY HALL. SURROUNDING ROADWAY AND PARKING LOTS . WHEREAS, the City of Englewood deaires to apply for funda o.hrough the Economic Development Adminiltration for the purpoee of aeeiating in the funding of demolition of the existing Englewood City Hall, surrounding roadway and parking Iota ; an.i WHEREAS , the propoeed funding wi ll ore ate vital connections between the nsw CityCenter Englewood redevelopment ana <Ile South Broadway commercial corridor; and WHEREAS , the U.S. Department of Lommerce : Economic Development Adminuitration provides funds to communities which exhibit economic need for financial assiatance; and WHEREAS . to compete in the Economic Developm ent Administration grant program the City of Englewood muat submit an application; WHEREAS, the City of Englewood has received a notice of fund availability ; NOW, THEREFORE, BE IT RES0LVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD , COLORADO , THAT : lw:tilmJ.. The City of Englewood, Colorado ia hereby authorized lo file an application for U.S. Department of Commerce: Economic Development Adminiatration for the purpoee of assiating in the funding for demolition of the existing Englewood City Hall. surrounding roadway and parking tote . ~-The Mayor and City Clerk are authorized to eign and attest all nece88Br)' forms, documente , assurances and certifications for the application for U.S. Department of Commerce : Economic Development Adminiattation for and on behalf of the City Council and the City ofEnglewood . ADOPTED AND APPROVED this 19th day of July, 1999. • • I, Loucrilhia A. Eihil , Ci,, C,orlt for tho City of Englewood, Colorado, hereby certify the abon ii a true cop:, of Reaolution No . .2!]. SerlH or 1~ d£ Loucrilhia A. Ellia Summary Statement CltyCenter Enalewood -Pbue D lledffelopment Project Description I Englewood desires to create employment opportunities and enhance the economic condition of the City by redeveloping the area adjacr,nt to the former Cinderella City shopping mall . This project consists of the demolition of the exis ti ng City Hall, surrounding l'Olldway, and parting lot Additionally, the City desires to create vital connections between the new CityCcntcr Englewood Redevelopment and the South Broadway commercial corridor. This is accomplished through the design and construction of a new roadway and tum• arounrl, linking the new development to an established commercial corridor. Logical connections will be made between the two commercial areas by enhancing continuity in connectivity and design along the new roadway and South Broadway . The potential development of commercial pad sites further reinforces tlic commercial connections and is a vital component in this project . The project area comprises the development of a minimum of 52,000 square feet of various tenant ~scs , which support the critical clements of a transit oriented development (TOD). 1 The proposed funding from the EDA will be uscJ in conjunction with funding form the City of Englewood to demolish existing structures and prepare the site for the lead developer. The development in volves a mix of commercial tenant speculative space. At a minimum , 52,000 square feet of commercial development will occur on the Phase II site with a minimum of 130 net new jobs.2 The ultimate goal of this project is to promote economic stability and growth through the creation of jobs and tax revenue on a site that will be abllndoncd with the rede velopment of the former Cinderella City shopping mall. EDA funding is instrumental in enhancin ,1 the City 's economic development program in the following areas : • Create vital connections between the CityCenter Englewood redevelopment and the City's aging commercial corridor, South Broadway . • • Create and retain jobs in Englewood. • Expand and maintain the commercial ba,,• to stabilize the nnderlying economy . • Promote business which uti lize available labor skills . • Leverage private sector, local , state, or other federal funding sources . Budget Estimate: Construdlon Proi,,ri Bud2et Estimate Demolish Citv Hall -Asbestos Abatement 330,000 Utilitv Relocates 145,000 Landscapir.1t (public ri1tht-of-wav) 196,000 Demo parkin1t lot , 1trade and fill for drainage 336 ,000 Construction Activities : Roadway, Roundabout, Pad Sites , and Down town 498 ,000 Improvements Engineerinit and ConstructiC1n Administration ns,ooo Contingency 260,000 Total Proiect Cost $2,000,000 .00 1 Commercial development area is based on the enclosed Cil)'Cc uter Englewood Conceptu.'\l Plan . This estimate represents a minimum level or rcdcvc:lopmc:nt to occur on the Phase II silc:. 111c City anticipates that the development will be similar 10 the Conceptual Plan , however, the project area may sup port as much 111 7C,000 sriuare feet of commerci al development under UY..: current • zoning regulations . 2 ITE Manual , Employees Per t,000 Commercial/ lnduslrial 5ql'4re Fee l Regional businesses 400 square feet per employee. From the pn:vious EDA Tille IX L TED grant , 7S0 new jobs wilt res uh on !he adj acent SI acre Cinden:lta City site. This n:sulta in a total ncl gain in employment or 89S new jobs. ncURE 1 SIIUl'ilard orm 424 APPLICATION FOR 0111..,,...,. ... __ _ FEDERAL ASSISTANCE z.o.cn---,. '•• ,,.1 ,nnn ILffllO#-• 2. !)al IIIICIMII rr srm ----·-□e,,,,.,,,..., . r: """""""' c.aaa-=--,,r,,s,a&L,ae, --□ ... ~ .CJ~ L ~NIIQ~ •--= ,.., •v of En&lew<.1od . I _Uno: Neishborhood & Bua. !lsvelooa,~ ...... _,_ ___ .. __ 1====-· -·--.. --.. 7 City of Ensle..,ood; Aravahoe County Arthu~ Scibelli 303-762-2318 State of Colorado 80110 D:rren Hollinssworth 303-781-Bl 75 I.....,.,_ DIN'ftlllCAT10N IUIID '°'4: ' .,... ..... ___ @ ~-16~ lololsl3'3I --M ........... k'mC.. L T"l'JIOl'AP~T10N: :..:.ny I. ... c...a.. ~· ..... ~ -~--x:t-cc:.--o---ll ._y,_ l.-L-,,_ ll-0,,.,,.0, □□ a.-..c.rc N.or-(INGYI I 1,-.....;n..._._,.,...-.»r;Slri-•J ._ __ 1.o.cr...-.. "--""- 0.~0i.wucr, c:.,~i t. fWII QII ~MIINC'!: I De partmen t of Commerce Economic Oev,. lopment Admin istr~tion UL CITl,,l,,QG till JIIIDIML. OOIIISr.C ASSll'TAHCI 1C.IMUR: "-----j Grants for Pub lie ~ -j 31 0 I O I Ci tyCen te r Engle'1 oo d Red evelopment: I) Demo lition of City Hall, Roadwa y , and r.:u..Works & Economic mer c parking lots ll. ULI.S~c.DIY,..c.:Cic;...C..-S.Sclla'.~ 2) Construction of public infrastructure utilit? relocates, roadvay and draina e 'D.'tlOIICSl!:Jlll"c.itC'i I"-• IL~~ ___ I ls.,o. 1e_,.c,,, J•-Pending EDA Aprvl District 6 District 6 U. lr.t.lUTID IIIUJrONG . j tt. IS ..,,..,"C,1':'10N SUUCi ff) .-..WW 11' r.&ffar,::,mw OflCIRI ,. • ..,...._,-----~-----------.,--; ,.,,,.= I 1,000,000. YES TlUSPRE,llll"Cli1CNAW.!ClTIONWASW.:ll..u.t.\l,,.llU . TO:;£ ST.t.ifi~·~ a.DER ~zr.:z PACCUS ~ t -= I' ., I 000 000. REVEWOH· 1·-I' ., I ""'" 1~-1· _., I ,,,., :I PROGiW,1 ~ NCT c::vEE l'I' E.O. 1zr."Z -I' , _., C OR PAC)G;u,M HAS ,err IEN SELECTE J BY srm F(:A IIEV!F .. l.~W'lc:m• I' ,· _., .. 11. snc~~a.lJffllltliUL.mm"n I ~ TC'l'.l.l I' _., :l'f'• ,..,.,.aa::IJ,1-..-=n. '!I"' 2,000,000 ia. TC M ur. o,: .,,. KHOWL!DCI AND uua. A1..L 0.au III nm u~-c.s.~l,;C.lTICN AA£ nruE .ua;:i COAJllct', TNl D0CUMIHT MAS I IIIN:ULY .t.l.1nt01UZC) IY'TlCC,OVENNQ IODT C,THI. ~ AHDi'MF.UPUc.&HTWl~C:CMP\.YWITH'M.ATT.&0£1 ASSUII.UCD !PM I .tSS:S"',»cEISAWARDED. &. T,-Nlr"9oJAIIIWnd~ r~· T• u .... __ Thomas .T a .. _,. .. ~ol~.:~ l'"r....,.,,..,..,.... 303-762-1'1n 1•Cn-Julv 20 1 1999 .......... na-c ... ,._.,.caa~~,. I • • COUNCIL COMMUNICATION Date Agenda Item Sulljel:t U.S. Economic Development Administration: July 19, 1999 10cii Public Works and Development Facflftfee Program Initiated By I Staff Sol!rce Art Scfbelll, Bus lnfl88 Development Coortlfnator Neighborhood and Business Development I Dlmn~aa-oa,,~Spedalllt COUNCIL GOAL AND PREVIOUS COUNCIL ACTION Community I Economic Dewlopment: Sv;::port the redevelopment of CltyCenter Englewood. Community I Economic Dftek>pment: Leverage City resources through grant funding. RECOMMENDED ACTION Staff recommends that City Council authorize the City Manager to execute all application materials for funding assistance from the Economic Development .\dministration (EDA). • BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIEll • EDA provides grant funds to communities that exhibit economic need for financial assistance . Funding will create employment opportunities and enhance the economic condition ,,f the City by redevelolllng the area adjacent to the former Cinder13lla City shop~lng mall . The purpose of !hi; proposed grant Is to provide fund ing assistance for the demolition of the elC!st!ng City Hall, surrounding roadway, and parking lots. Additionally, the project will create vital connections between the new CityCenter Englewood Redevelopment and the South Broadway commercial corridor. This is accomplished through the design and construction of a new roadwsy that links the new development to the established South Broadway commercial corridor. Grant funds will ~ by providing logical connections between the two commercial areas by enhancing conbnuity along i.~e new roadway. The potential devt,Icpment of commercial pad sites further reinforces the commerct,,J connections and is a vital component in this project. FINANCIAL IMPACT , EDA requires that the City..provida 50 percent matching funds in the form of cash or In-kind contributions to meet r.-og ram requirements. The proposed project is $2 milllon, which Includes $1 million in local matchin ~ funds. The required match ing funds would need to be budgeted for year 2,000 In the Five Year Capil •, Improvement Budget-Public Improvement Fund . TI1e proposed grant !rom the EDA leverage City resources and provide funding necessaty to enhance rne CityCentor Englewr od redevelorment and its connection to South droadway . UST OF ATTACHMENTS Proposed Resolu~o~ Project Summary Sta:o ment Location Map