HomeMy WebLinkAbout1984 Resolution No. 008RES OLUTION NO.
Series of 1984
A RESOLUTION AME NDING THE PUBLIC IMPROVEMENT FUN D,
WHEREAS , th e City Co uncil of Englewood, Colorado, a dopted the
Englewood Dow n t • wn Re d evelo pment Plan o n Augu st 2 3, 1982; a n d
WHEREAS, the City Council of the City of Engl ewood d etermined
that the implemen tat i on of said Plan should be accomp lishetl by the Englewood
Urb a n Renewal Au t hority; and
WHEREAS , certain acquisition and related activities a r e
necessa ry at th is time to fu rthe r the prog r ess of the Plan; and
WHEREAS , the Englewood Ur ban Re newa l Authority h as requested
thro ugh Res olution a transfer of fun ds to accomplis h these activities
co nsistent with the Plan .
HOW , TH EREFORE , DE t1' RESOLVED b y th e City Counc il of the City
of Engl ewo od I Colorado I t ha t:
A 'ES
Sect i on t .
The foll owing appr op riation of fu nds is hereby made 1.n the
Puhl ic l mpL·ovcmen t Fund:
App lication of Funds
Li tt le Dry Cr e ek
En glewood Urban Ren ewal Authority
($1,400 ,000)
$1,400,000
The City Ma nager and Direc tor of Fi nanc e are 1 2-reby authoriz ed
to make t he above chan ges to the: 1984 budget of the Ci t y of
Englewood.
ADOP TED /,N il APPRO VE D TlllS ~ day of (/b~ , 1 984 .
E~gene t,/otis , Mayor I
C O U N C I L C O M M U N I C A T I O N
DATE I AGE~NDBA ITEM I SUBJECT P11 11 d Trrnrn[cr to Urhnn !lem •w al
Au thor ity (or l'ru pe r ty Acquisitio n u n d A
1--'f-"!a'-'r'-'c"'h-'--'--'l'-'9'"'8-'4 ____ _. ___ ~---~-·=w•eu:.i:w:·.1:.1-•o.u...J!l:aj.ac.1:-________ -l
IN IT !ATED BY Engl ewood Urban Re n ewal Autho r ity
AC T I ON PROPOSED Transfer the Curre nt Balance of Little Dry Creek Funds i n th e
Public Improveme nt Fu n e.I to the Urban Rc n c w.:11 Authority (or Pro p e rt y i\cgui s l t Ion
ar,d 0° .. uired Conf',-,..,.,.,-◄nn
:::rnoDUCTiON ,\NU llACKGROUN U:
::~e Cnglewood D"lwntown Re d evelopment Pl an (Urbon Ren ewa l l'lun) has progr e ssed to the
~oint whl·:·C! con~Lruc.:tion o f the init i a l s Lagcs o f majo r p uhll r improvement s , t h e I.in-I
Jry Cree:k cha n nel and Civ ic Ce nter Uoul cva rd, are b eing !;C hct.l u led to comm ence in eurly
summe r . In o r d er fur thls co n s t ru ction to h cgJ.n , udd itiona l prope r t i es mu :;t b e nc-
::;.:trcd b} the t~rb.in Renewal Au tho r ity t o serve as r ir~ht-uf -wny fo r the i mprn vements .
_!, ;:,reject corr.plc:ncntary to the dow nt ow n imp r ovements me ntioned above is the co n s true -
: ion of d retainin g wa ll along L ittlC! Dry Cr eek a dj acen t to the n ew Sa f eway buildin g
.llong i..:. S . 285 . IH<ls fo r this p r ojcct have excecd c t..l t he c ng ln ccr 1 s est i mates rc-
;:rte:d :.J Ci t} Co uncil. in o previous communicat ion.
?·-:1ds hn\·e been ;\j>pro .'"..a tcd in the 1984 City Budget , specifica lly to the Public Im -
. !'',Vt<.t·11I !'imd , fnr :1 c:tivitil·'> :1ssm:l ;1 t t•d w ith lhL· l 111p ruvt·111c 1ll uf 1.l ttli..· Dry Cr c (~k.
~c:1ds hnvl:! no t , ati yet , been iss u ed by the Urban Rcncwul Author ity to f und su ch public
:'.."'.'.n r ovt:11.c nt ':i and current construc t ion scht!du 1 es dictat e an i.mmedlac y t o the acquisit i o1
::· certai:, pr~p crties and t he re t ain ing wall constru c tion. Be s t staff e s timates of th •
::>st of propeTty ac quisition a nd reta inin g wall con st ruction indicat e tha t t he c urr ent ,
':.:lance of !.i.ttlr:: nry Creek funds in the l'ubl ic Improvement Fun d should be t ransferrcC
::> the At:thor it y ,
;._5 reque:sted in Reso lution 1Jl1 , Series of 1984 , of the Urban Renewal Authorit y , it
:'.:; recom.r,1e:1ded that the bal ance of the Public Im provement Fu n d fo r Li tt le Dry Cr eek
wl: :rui.~fl!:-re:d Lu thl~ Urban Renew.ii Authority for l,rnd ucquLsit_io n and construc tion .
RESOLUTION NO ,
SERIES OF 1984
CITY OF ENGLEWOOO, COLORADO
URBAN RENEWAL I\UTHOR I'rY
I\ RESOL UTION OF THE URB AN RENEWAL AUTHORITY REQU ES T I NG THE
i,NGLE WOOD Cl'l'Y COUNCIL 'l'O 'l'RANSl'EH 'l'IIE CUlllll i N'l' l:l/\L/\NCf; QI•'
LITTLE DRY CR EEK FUNDS IN THE PUBLIC IMPROV EMENT FUND TO TH E
URB/\N RENEWAL AU THORITY FOR PROPERTY ACQ UI SIT ION /IND REQUIR ED
CONSTRUCTION ,
WHERE AS , th& Ur ban Rene wa l Authority has be e n
designated by City Council as t he age ncy r es pon s ible for
t he i mp lem e nta tion of the a dopt ed Downtow n Red e velopment
Plan (U r ban Ren ewal Pl an); and
WHEll EAS , ke y elements of Plan i 1nple 11 1c1 1t~t i o n are
the acqui s iti on of properti e s by th e l\u thor ity Dnct the
constructi0n of public i1 np r ovc1uent s ; ar1<l
WHEREAS , propertie s ne ed ed In th e nea r f uture for
s a id pu blic impro vements have been id n ntl fied by project
enginee r s; and
WHE REAS , a portion of th e publ ic i mpr o vement to
Li ttl e Dry Creek has heen id en tifi ed as ne cessa r y to be
co mp leted imme dl3te l ~. und
WHEREAS , bon as have not, as yet, been Issued by
the Autho rity to fond Redev e lopment Proj ect ac t ivities ,
NOW , TH EREF OR E , BE IT RESOLVED by t he City of
Eng lewood Urban Renewal Authority as follow s :
§.~~l<c~_!..c.
The Engl ewoo d Ur ban Re newa l Auth o r ity r eq ue sts City
Counc il to transfer the current balance of Little
Dr y Cr ee k fu nds in the Public Improvement Fund to
the Au t hor ity for t he acq ui s ition o f propert ies
needed im me diately fo r publi c Impro vement construction.
Pag e 2
1984,
ATTEST :
Section_2.
The Englewood Urban Renewal Authority requests City
Council to seek out additional sources of revenue
which may be used by the Authority t o implement
the Downtown Redevelopment Pldn until bonds are
i ss ue d by the Authority.
/\DOP'l'lsD /IND /\PPnOVED 'l'III S __ ,_ 7L lt __ DAY OF ___ Mn n :lt ________ _
~(MA-p~
Su san Power s , Se c retary
Mot i o n by : __ Me lvin Mi nnick -----··--------____________________ _
Se c on ded by : Susan Va n Dyke _________________________ _
Voting in Favo r: Melvin Minnick..1_Ruth Cole , Susan Vun Dyke , Robert
Voth..J J ames To tton.J. J ohn Neal ______________________ _
Vot inq in Op po s ition: __ Nu 11 0 ___________________________________ _
l\osent : ___ La rry No vi cky --------------------------------
1\h sta in : __ 1,one --·-------------------------------------------