HomeMy WebLinkAbout1993 Resolution No. 082•
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RESOLUTION NO . ff A
SERIES OF 199~
A RESOLUTH 1N SUBMl'ITING TO A VOTE OF THE REGISTERED ELECTORS OF
TH E CITY m ENGLEWOO D AT THE NEXT SCHEDULED REGULAR MUN1CIPAL
ELECT ION A PROPOSED SPECIAL IMPROVEMENT ASSESSMENT TAX Tv BE
IMPOSED UPON THOSE PROPERTIES WITHIN THE BOUNDARIES OF .;PECIAL
ASSESSMENT DISTRICT COMMONJ.Y REFERRED TO AS THE NAVA;O STREET
S PECIAL ASSESSMENT DISTRICT WITHIN THE CITY OF ENGLEW(;QD FO R
CONC RETE, SIDEWALKS, CURB, GU'ITER AND AS PIIALT PAVING
IMPROVEMENTS IN CONJUNCTION WITH THE STATE OF COLORADO
DEPARTMENT OF TRANSPORTATIO N SANTA FE PROJECT AND AUTHORIZE
DEBT TO PAY FOR THE IMPROVEMENTS.
WHEREAS, wi th the passage of Re so lution No. 9, Seri es of 1992 which formed Pavi ng
Di strict No. 35 (Navaj o Street), and Ordinance No . 17, Series of 1992 which cr eated the
District, a Public Hearing wos hel d, Ph ase I • Oxford Avenue to Stanford Avenue
const ru ct ion is nea ring complet io n constru ction bei ng accomplished by COOT: and
WHE REAS, pursuant to an order of the City Cou ncil, the City Engin eer h as prPpa.-ed and
filed preli minary plans, specifications, estimates of cost, maps and schedules for t.he
propo~ed i mprove ments;
NO W, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE C ITY OF
ENGLEWOOD , COLORADO , THAT :
Sw.i.2n..l. Pursuant to the provisions of law the City of Engl ewood h ereby submits fo r a
vote of th e registered electors of the City of Engle woo d at the 1993 Municipal El ection the
fo llowing bnll oL questions:
SIL<\LL THE CITY OF ENGLEWOOD DEBT BE INC REASED $500,000,
WITH A REPAYMENT COST OF $728,500; AND SHALL THE CITY OF
ENGLEWOOD TPJCES BE INC REASED $90,000 ANNUALLY (over the life
of the district th e sum of the tax i ncrease shall not exceed the sum of
$7 28,500), such amount to be issued fo r the purpose of paying for the costs of
removing and repla ci ng substandard co ncrete curb, gutter , and sidewalk
as well as installing asphalt paving to min i mum City spec ifications for
paving district the tax to be imposed over a period of ten yeart1 and onl y upon
propertie s loc ated within locnl improve~ent distri cts crea ted within the
City; such taxes to co ns is t of special assessment bonds payabl e so lely fr om ·
lhe proceeds of special assessments or other legally availa ble moneys of the
City and the proce ed,, of such bonds and specia l assessments, and
investment incom e th ereon , be collected nnd spent by the City witho ut
rega rd lo rny expenditure, reve nue-raisi ng, or othe r limitation con tained
within Article X. Section 20 of the Colo rado Constitution?
YES NO __
5mian..::. If the majority of the registered elec tors vot in g at sai d electio n vote yes for said
propo sition th e City Council sh all at the earliest practical a nd lawful time adopt on
ordinance co nfo rming to th e affirmative vote of the majo ri ty or said regis tered electo rs
vot ing a t sa id special election .
SJ:ww, By approving thi1 Reaolution the City is not stating that ,pecial assessment■
are by any law taxes. It is the purpoae of this Resolution ta addre11 the i11ua offlnanclng
special improvement projects in the most econo mical manner and to avoid expensive, time
cons uming liligntion and the uncertain1ies thereof.
ADOPTED AN D APPROVED this 7th day of September , 199~.
Ctt,t J , .
lyde E.\vlggi°Rayor
ATT EST :
.c?aiu.«~ JI (/4 ~
Patricia H. Cro w, City Cle rk
I. Patrici a H. Cro w, City Clerk for tJiil. City of Englewood, Co lorado, hereby certify the
abo "e is a true copy of Resolution No M,Serie, of 1993.
($L,4k !A7d.d-ef
Patricia H. Crow
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