HomeMy WebLinkAbout1984 Resolution No. 002RESOL UTION NO. __ c1 ___ , SE RlES OF 1 984
A RESOLUTION AM END IN G THE PU BLlC IMPROV EMENT FUND .
WHEREAS , the Ci t y Co uncil o f the Ci t y of Engl ewoo U, Colorudo ad opted th e
Engl ewood Do'w ntown Re d evelopmen t Plan on Augu st 23, 1 98 2 , and
WHEREAS , t he City Co unc il of t h e City o f Engl ewood de t ermined tha t a n y
prope r ty acquisition and related a ct i v itie s n ecessa ry f o r th c im pl e menta t ion of
s aid plan s hould b e accomp1.ii;hcd by t h e Englewood Urban 1te newa l Au tho r i ty, and
WHEREAS 1 t he En gl ewood Ur b a n Ren ewa l Au thor ity hu s raqu e s ted the t ran s f e r
o f $80 ,000 .00 t o be used for t he acqu isition o f th e property a t 180 Wes t GJrard
Ave nue .
NO H, THERE FO RE, BE IT RES OL VE D by t h e Clty Coun c il of t h e City of Englewood , Co l orado , thot:
ATTES T :
Sec t ion 1 .
Th e fol l ow ing .:ipp ropriat i.o n o f fu n ds i.s he reby mm\c l n t he
l'ulil ic l 111 prov L·m c 11 L Fund .
Appli ca tion _: Fu nt!s
Lit tle Dr y Cr e ek
Englewood Ur b an Renewa l Au t ho rity
Sect i on 2.
~80 , oo q)
$80 ,000
_$ __ 0
The City Manage r and Direc t or o f Fin a nce a r e h e r e by a uthor ized
t o ma ke the abov e changes t o the 19811 budge t o f the City of
Englewood .
AD OPTED AND APPROVED Tll IS , 1 984 .
I
I
RESOLUTION NO, _I_
Series of 1984
CITY OF ENGLEWOOD, COLORADO
URDAN RENl!WAL AU 'l110 RI'l'Y
A RESOLUT ION 01' TIIE URDAN RENITTMJ , ,hUTitORITY RP.QUBSTTNr. CTTY COUNC:J I. TO 'l'HANSl•'l,;Jt
MONIES FR OH TIIE PUBLIC IHPHOVl,;HEN T FUND 'l'O 'l'II E AU 'l'IIOI\I'l'Y FOR '!'HE ACQUISITION 0 1'
THE PROPERTY AT 180 WEST GIRARD AVE NUE , EN GLEWOOD, COLotlA.no.
WHERE AS, the Urban Renewal Authority and the City of Enslewaad have
adapted a Downt own Redeve l opment Plan (U ban Renewal Plan); end
WIIEHE AS , City Co un c il ho s indi cated that the Ur ban Hen ewa l Author ity
sho uld have prima ry re epo ne ibil.ity for imple1U entetian of the Downtown Redevelop-ment Plan (Urban Renewal Pla n); and
WIIERE AS, the ilcqui s itian of th e prope rty at lB O Wes t Girnro Av enu e
has been deeme d neceeeary far fl oo d control purpaeee in conformance wi th the Plan i and
I.JIIE RE AS , th e owner o f the prope rty a t IUO Wc11t Glrurd Avenu e hns
o[fcr,d t u sell t hls property at · fair 111arkct valu e tu tl1<• Autl1ur lty; aml
Hllirn1 ,:As , hond ,. hcov c nut, ;,s yet, hc c i, '""""" l,y th u Url ,.11, 11..,,,,w.,I
/,utharity to fu nd property a cqui el tlon, public i111prove111 cn ts, a nd o th e r activi t ies r ela t r:d t o the Down town Re dev elopment Plan.
NOW , THE REF ORE , BE IT RES OLJ ED by the Cit y of Englewood Urban Re-' new al Au t hority os fallows:
The Eng lewood Urban Renewal Au thori ty req uaB ts the Englewood
Cit y Councll to t ron t;fer funds in th<? amount of $80 ,000 .0Q
fro m t he City Pub lic Imp rov em ent Fund to the Authority far
the ac quis ition of the prop e rty a t 18 0 West Cirurd Avenue .
APPROVE D AND ADOPTED THIS __ l_l_th __
DAY OF JANUARY, 1984 ,
Mot ion By : __ _,H.,g_,1..,y._./..,n.._.,M,.f own ... 1uc..,k..__ ____________________ _
Seconded By: _ _.Th_n .. rn .. e•a...•....__.p_.1 ... r,.1.,.p8.,,.,r ... J_.c..,k __________________ _
Voting in Favor: He)vlo Hloolck, Iborn•• P/t1p•tt1cl< s11,uo VanQyke,
Robert J Vath lorn,.NnvlckJl
Vot inH in Oppo a it ion :
Member s Absent : -~R~u~t_h_Co=le"-------------------------
liembers Abs toininu: __ N~o_n_c _______________________ _
C O U N C l L C O M M U N I C A T I O N
t--D-A_T_E--------,--1-A_G_E_N_D_A_I_T_E_M_r-1--S-UB_J_E_C_T_F_•u-n-d--T,-e-•n_s_f _e r_t_o_U_rb_a_n_l\e_n_cwn;
/ /'I Autho rity f o r \lro pc rty Ac qu hd t ion Ja nu ary 10 , 1984 lD I ,
IN IT IATED BY I~nglcwood Urbnn Re newal Authorl.ty
ACTION PROPOSED Tra nsfer of $8 0,000 from the City Pu blic Improvement Fu nd t o
the Urban Re newal Aut h o r ity for t h e Ac qu i s ition o f th e pro perty at 180 Wes t Cirurd
Ave nue ,
1::Tl\ODUCTLQ,; A!W UACKGI\OUNll :
Ci t y Council adopted the Eng lewood Dow ntow n Redeve l opm e nt Plun (U rba n Re n ewal Plan)
on Augusl 23 , 1982 a nd amended that Plan on Decemb e r 21 1 llJ8 2 . I t has been th e e x-
p ress ed desi r e of C.ity Council fo r ~h e Ur ba n Renew a l Author ll y t o be the l e ad agen cy
in t h e implcme:ntat:i.o n o f that Pla n a nd fo r the Urban ltcncw u l Au t ho rlty to und e rtake
sup pler,cntary activities tha t furt her the gou l :;; o f t h e Plan , Si nce bonds hnvc no t
.i~, y1,;L ln:1..n is~.uc.-d fu r Ll11,; pruj1,;c L1; t1 uLlit11.!d in L1 1t· P l .i n, Cu un i.:i.l ha ~ p r ov i ded ;:111
annual budge t t o the Authority for ope ratin g expenses a nd transferred funds from the
?ubl i c lmprovemer.t Fu nd to the Auth or ity t o ac quire. jlrope r ty , r e l.oca t e s tru c tures ,
and pay far othe r project -speci fic expenses .
One: of t h1.: prop erties i dentif i e tl in t he Plan ns being n eces sa r y for floo d c ontrol
ir.prove:--.e:-:ts , 1 80 We.s t Gira r d Avenue , has been o ff e r e d f or s a le t o ... he Authority .
l'hl: 0 1.-n11.::·1 Llu: Cu1Luinia l Chamhc..-r of Cu1m11erc(•, l s r clut"all11e t o an ot he r part of the•
ce;unty am! de:sirl:s tu Uisposc o f iLs cur nmt builtllng and lanli in t:ic. near future .
:a accomplish this tran s ac tipn 1 a fund t r ansfe r i s needed by th e Authority t o pay for
t":1e cost of acquisi t ion until bo nds are i ssue d. Upon · .. ss uance of these bonds , t he
City wi.l 1 be reimbu r sed .
RECO :-t:·!1,:sDAT 10~:
r\:l opportu:iity has aris en for t he Urban Re newal Au thority t o acquire land needed fo r
:.it t le Dry Cr eek iraprovements f r om a will in g s elle r a t a r e asonabl e cos t. It i s ,
::here(o r c 1 re:c om::1c nded that $80 ,000 bC" tr~n s fe r r e d from t h e ruh!ic lmprovel'1 ent
?1Jnd t o the Aut hor ity in orde r t o take advanta ge o f this op po rtunity .