HomeMy WebLinkAbout1993 Resolution No. 081•
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RESOLUTIO N NO. FL
SERI.ES OF 1993
A RESOLU'l'ION SUBMl'ITlNG TO A VOTE OF THE REGISTERED ELECTORS OF
TH E CITY OF ENGLEWOOD AT THE NEXT REGULAR MUNICIPAL ELECTION A
PROPOSED SPECIAL IMPROVEMENT ASSESSMENT TAX TO BE IMPOSED UPON
THOSE PROPERTIES THAT HAVE CONCRETE THAT DOES NOT MEET MINIMUM
CITY STANDARDS AND ISSUE BONDS FOR SAID PURPOSE AND AUTHORIZE DEBT
TO PAY FO R THE IMPROYEMENTS.
WHEREAS, the City Counci l of Englewood , Co lorado, ha5 determined that it is
necessary to create a s pecial improvement distric t within the City for th e purpose of
pro,-i ding fo r the removal and replacement of sub-standard curb, gutt.e r, and sidewalk and
the ne w construction of curb, gutter, and sidewalk improvem ents, together with nece ssary
inci dentals, within the C ity and to assess part of the cost of the improvem ents again st the
rea l property specially benefited by the improve ments and in cluded within the district; and
WHEREAS , pursuant to the Charter of the City an d Title 11 , Chapter 2 or the Municipal
Code of the City, the City Co un ci l, upon its own initiotive, has de termined to proceed with th e
removal and replace me nt or new construction and installation of such impro ve me nts;
NOW, THEREFORE , BE IT RESOLVED BY T HE CITY COUNCIL OF THE CITY OF
E:VGLE WOOD . CO LORADO , THAT:
~ Pursuant to t he provisions of law the City of Englewood hereby submits for a
vote of the regi s tered electors of the City of En glewood a t the 1993 Municipal Election the
follo wing ballot. questio ns:
S HALL THE CITY OF ENGLEWOOD DEBT BE INCREASED $4 20,000,
WITH A REPAYMENT COST OF $612,000: AN D SHALL THE CITY OF
ENGLEWOOD TAXES BE INCREAS ED $75,000 ANNUALLY (over the life
of the district th e sum of t he tax i ncrease sh ai c not exceed the sum of
S6 12,000), such amount to oe issu ed for the purpese of paying for the costs of
re moving and rep laci ng sub:tandnrd co ncrete curb, gutte r, and sidewalk to
mini mu m City specifications ll.~ tax to be imposed over a peri od often years
and only upon properties locateu within local improvement district created
._..;th in the City; such tax es, to con !.\s t of special assessment bonds, payable
solely fro m the proceeds of specinl assessments or other legally available
mo neys of the Ci ty and the proceeds of such bonds and special assessme nts , ·
and investment income thereon , be collected and s pent by the City wi thout
re gard to any ex penditure, rev enue -raising, or oth er limi tatio n contain ed
·•oi n Articl e X. Section 20 of the Col orndo Cons•.itution?
YES __ NO __
~ If the majority of the registe red electors vo ti ng at said e lection vote yes fo r sai d
proposition the City Council sh all at th e earliest practical and lawful t im e adopt an
ordina.Jc e conformi ng to the affirmat ive vote of th e ,:,ajo rity or said registered elect.o rs
vo ting at said sp ecia l electiun .
~-By approvini: ti:· fu:,olution the City is not su,ting that s pecial 85sess ments •
arc by any law t.axea . It is the pw,,ose of this Resolution ta addreas the issue of financing
spec ia l improvement projects in the most economical manner and to avoid expensive, tim e
consuming litigation and the uncertainties thereof.
ADOPI'ED AND APPROVED this 7th day of September, 1993.
ATTEST :
/Jd;u~J/~
Patricia H . Cro w, City Clerk
I, Patricia H. Crow. City Clerk for~~ City of Englewood, Colorado, hereby certify the
above is a true copy of Resolution No lS'.L., Series of 1993. at.:.-~ clJ. c~
Patricia H. Crow •
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