HomeMy WebLinkAbout1983 Resolution No. 004I
RESOLUT ION NO.
Sl::IUES OF 1983
A RE SOLUTIO N AMENDING 'l'IIE PU BLIC I MP ROV EME NT l'UN D.
WHEREAS , the Ci ty Council of t he City o f En glewo od, Colorado ,
a dopted the Englewood Downtown Redevelopment Pla n on Au gu st 2:J , 1982, .1nd
amended thut Plan on Dece mbe r 21 , 1982, and
WIIElrnAS , the Ci ty Co un cil of the Ci t:,, of Englewood dete r mined
that any nece ssary prope r ty acquis it ion and relat t:<l acrivil IL •~. ro r tl 11, __ , i 111 -
plementation of said Plnn s ho u ld be accompl.i.i-.hed by the Englcwoc.i<l Urb.1 11
Renewal Authorit y , and
WHEREAS, t he Engl ewood Urban Renl!wa l Au tho r it y li.:i s rc<1u c Htcd
through Rl!~olu t ion u t r ans f e r of f und s to accompllHil land act1ul si L iu 11 :uu.J
related ~ctivi ti.cs cons.Js tent with the Plun.
NOW, TIIEREFO RE, BE IT RESO LV ED BY THE CITY COUNCIi. OF 'J'IIE
ClTY OF ENGL EWOO D, COLORADO, t hat
19BJ.
ATTEST:
71
ex J"fficio
~C:t:t i Oil
'i r~~-(~llouin g app r op riation of fund s is li l'rchy 111ach-
lll the PuUl k (mp r ovcmcn t Fund.
,\p plic.:~i_t _ian_ at Fund s
lilt 11· Jry Creek
l:.ngl1.:\1uu<l Ur bun Hene:wa l Author i ty
Se ct ion 2 .
(:U,0 ,0IIIJ)
160 ,000
The Cit y Manager a nd Di rector of Finance a r c here by authorized
ca make the a bove changes co the 1983 budget of the City of
Englewood.
AD OPTED /\ND Al'l'!lOVED 'fl!IS 7-f::A d ay o f ~~
C O U N C l L C O M M U N l C A T l O ~
DATE AGE ND A ITEM
Fcbruury }, 198}
Futduq.~,~fh1L•r lU Urhan lh .. •111. .. •Witl J\ullnll i 1 ·: I
Prope rt y i\Cll ll I s it I l m ;md ll1rnsL• lh• 111,·;11 i 1111
11 IT I ATED BY Englewood Urbun l\cn cwal Authority
ACTION PROP OS ED Transfer of $260 ,000 f r om tho City l'ubllc l mprovemcnt Fund Lo
Urb an Renewal Authority for t he purchase of p r ope r ty required ror the l.1l"t IL· 1>ry Cr,·vl
f'loo<l Imp r ovt:me:nt Pru j c c:L and reloca tion of the house uu sai_d---'-p_r_oc..pc_n...;y_. _______ _
C.ty C.olinc:i l ,,d uJ,L(•d t iic~ En1•,ll!woo<l Down town RcdevulopmcnL Plan (Urhan l<cnc~.,.al l'l .11 J
un Au ~m ... r !'l , ,J 1il .i id c1mcmdl!d that Plan on Decemb e r 2 1, 19 Hi'. T l1i •; Pl.11, i11 d i1 .1 1,.i
1:. l .. ,,l!r L 1<.::• wo u ld be r<.!qui.r c<l fo r the l-'!1 1,,tl t:rn11 11d l11 111 1 11\"·11 1<·0L l'i-11 1~ ,
,: J Cr<.:c:k u r.d wuuld nl!e:d LO b c m :qu i n.·d l ,y , 11,· l .-\J.ill lh:111.·\ .. 1 l ,\u l h~H i I ..
111·v .1uu!->l y l':<.p reH s l!d t h..: dc~d r c lu1 IIL l ' Ur l,.ill l{c•n1~\1;i! 1\111 11 ,,,
11 1 ,;h ,, ~1ill ;1t tt uir-.! p r o pe rly rn1d c u11d1w1 1.•l li,•1 .11·11 v it 1,
vi ... v i;~ .. 11t tiWII lh.!(ll!vc lopml!nl l'luu. Si11-.:c lHH11.b liav1.· 11 1,L ,1 , ,, ,H,.!t.:11
.;..~.,_1;:d fo r t'nc public imp r ovement p r ojec t s outlin ed i n t he Plan , it will b-.! ncccs !,aq
ic.,r City Cou nc il to transfe r funds to the Urban Re n C!.wul Au thor ity tu accompli:ih any
immediate iJ r ope rt y acquisition and related activitieti which may be deemed app ro p r iat 1..
Funds ha\e been approp riated in the 1982 Bu d ge t , spec ifically to the Public I mprove -
ment Fund , f o r a ci.:ivit i.l?s associated with the imp r ovemen t of Little Dry Cr eek.
Stafi i1a'> cu ntlu LL1,;tl lll!llOtiaLions with the owne r s of )787 So u th C l...1rk s on Street
fo r the: p1Jrch..t !-.1.· of' the i r prope rty , A selling p r ice ha!-.i been u rr lvetl at which h,
acc eptable to both tne owners and the Urban Renewal Authority , Staf( ha s also
de termined that: the main re!:iidential structure on the obove property is capab l l!
:1f bei n g move d, reh abilit ated I and so l d to help the Urban J{L,1ewal Authority recou p
a portion of tLI.! co~t of acquii:dtion.
RECOMMENDAT ION :
Based on qualified appraisals , taki n g into account other facto r s tha t s t aff h.:i.s
deemed appropriate in the c alculation of a r iJ.asonable se1U.ng pri c e , antl estimat !nl',
the payment of rLlocation benefits and closing c o s t s, it is l'ecommcnded that
Sl9 5 ,000 be transferred from the Public Improv eme n t Fund to tho Englewood Urban
Ren<wal Authority acco unt for the purchase of property at 378 7 South Clarkson
Stc.::ct , Englewood , Colorado. Additionally, it l s rcconun~ni..:ed thut $65 ,000 be
c r;in s fe:rred to t he Urban Renewal Authority to accompli s h re .1-oc atlon o f the mai11
re :;J.dent i al s tructure at the afo1ementioned p ro per ty. The total recommended fun d
t ra!lsfer i!=J $260 1000 . When the r ropcrty i s moved, rehobllit,1 ted , ond rci-;o ld, lli1
funds generated will be availablu for purchase of other µropertie !:i required fur 1.
Re deve 1 opmu11 c I raj e: -· I