HomeMy WebLinkAbout1982 Resolution No. 039I
RJ::SOLl!rION NO . 39
SER IES OF 1982 __ _
A RESOLUT I ON APPROVI NG THE E.NGLcWOOO IJO,olNTOolN REDE VELOPMENT PlAN PREPARED
PU ~UANT ·ro PART 1 , ARTICLE 25 , TIT LE 31 , COLORAIXI RE VI SED STA'fl!r ES , 1973 ,
AS AMENDED , AND Alff HORIZ ING lMPLEMEi'rl"AT ION PRESCRIBED THE REIN .
WHER EAS , thro ug h Resolut i on No. 16 , Ser i es o f 1982 , the City Co un r.il
d irec t ed the Engle '-'>Od Urba n Re newa l Authority to prepare an Ur ban l1e newal
Plan consistent with the adopted t::owntown Plan ; a nd
WHEREAS, t he Urban Re newal Autho rity p r e pared t he ~wntown
Redeve l o pnent Plan (Urba n Renewa l Plan); and
WHEREAS , the Eng l ewood Pla nn i ng and Zo n ing Corrroission r eviewed the
Pl a n and fo und it consisten~ with the goal s o f t he Eng l ewood Comprehens ive
Pl an and passed Resolution 1 , Se r ies of 1982 , on July 20 , 1982; and
WHEREAS, t ile City Counc il has received corrroents from i ndividuals
bus lnesses and governmen t al entit i es and t aken t hese conments into
cor,.5ide rat ion in formulating the Plan ; and
WH ER EAS , an independent ma rket a na l ysis ;:,y a reputable fi r m (Brown e ,
Bo r tz & Codd ing ton) i nd i cat ed a s trong ma r ke t exists whic h m~y be ca ptured
if a compr ehens i "e app roach i s unde r taken; and
WHERE f i nanc i a lly a ttracti ve method exists to fund r edeve l opnent
utili z ing 'JJX lncrement and other f i nancing; and
WHEREAS , an independent fina nci al analys i s by a r eputable firm
(Ha n ifen, Imhoff , Inc .) shows adequa te tax inc remen ts a nd othe r r evenue
sourc es t o cove r deb t service needs and substant i al mo netary benefit to
ta x ir.: en tities ;
NO,ol , THEREFORE , BE IT RESO LVED BY THE CITY COUNCIL OF THE CITY OF
ENG LEWOOD, COLORAOC , THAT :
Section l. i.--,.ic,, as r equired by CRS 1973 (as amended) 31-25-107(3) has
been prope rl \ \l ;,._,, o n the 28th day o f July , t he 4th a nd 11 th o f August ,
1982 in the 1.,glewood Sentinel having a general ci r c uLiti on in the Ci t y o f
1::nql ewood , which notice described the t i me , date , place and pur pose of the
hear ing on the Plan and generally id~nt i fied t he Urban Re newal a r ea cover ed
by t he Plan and out lined the g ene r al scope of the Urban Re newal project
unde r consideration .
Section 2 . On the 23rd d a y of Aug us t, 1982 at the hour o f 7 : lO P.M. in Ci t y
Counc i l 0 1ambe r s in City Ha ll at 3400 S . El ati Str eet, c"ngle.,,od , Colorado
80110 , City Council held a public hearing as r equired by CRS 1973 (as
amended) 31-25-JU7 (3 ), o n the Ur l,an Hene ,;al Plan/Downtown Hed eveloflll'!nt
Pl a n. Pr esented a t th i s mee ting was a n Urban Rene wal Plan t itled Engl e wood
D:,wr1to1,11 Rede ve l o pne nt Plan , c ons i s ting o f 60 pag es plus maps and appendix ,
ma rke d Exhibit A, a nd inc orpora t ed he rein by r e ference as tho ugh fully set
forth .
Section 3. '!'he City Coun c i l of the City o f Engle woo d finds tha t the Urban
~lan, kno1,11 a s the D:,1,11town Red e ve lopne nt Pl a n, me ets the following
e r i te r ia of State s t a tute:
(a ) A f e a si ble me thod e xi s t s fo r t he r e l ocation of busine sses ,
i ndividua l s and f am ilies who wil l be di s placed by the Ur ba n Re ne wa l project
in de cent , safe , and sanitary dwielling accom .od at io ns or facil i ties within
the ir me an s and wi t hout undue hard sh ip to s ucn bus inesses , ind ividual s o r
families ;
(b) Th e Urba n Re newal Pl an confo rn ,s t o t he gene ral plan o f t he
munic i pa lity a s a who l e ; and
(c ) The Ur ban Re newa l Plan .i ll a ffo r d maxi mum opportunity ,
cons i s t e nt with the sound needs o f the munic i pality as a whol e , for the
r e hab i litati on o r redevel o pment o f the Ur ban Re newa l area by privat e
ente rpr ise .
Section 4 . A f e asible me thod e xi s t s for t he f inancing o f sa id Urban Ren ewal
proj ec t util i z ing the t a x a lloc a tion f inanc ing pla n desc ribed in Se ct i on
31-25 -107 (9) (d ), CRS 1973 (1977 r eplaceme nt Vo lume 12 ), as ame nded by Senate
~ill 14 2 whi c h became effec t i ve o n Jul y l , 198 1.
Sec t ion 5 . I n acco rda nce wi t h t he r equirements of Section 31 -25-1 07 (9 ) (d),
~(1977 repl acemen t Vo l ume 12), (as amended), School Di s trict No. 1,
Arapahoe Co unty , Co l o rado , has been permitted t o partic ipate in an adviso r y
ca pa c ity c once rning pro j ect f ina nc i ng desc r ibed i n the Urban Re newal Plan .
Sect i o n 6 . Based on t he r ecord befo r P the Council , incl udi ng , but no t
lim i ted to , t he Redeve l o pment Ar e a Jus tification wh ich wa s compi led by the
Departmen t o f Comnun ity De ve l opnent for t he City of Eng l ewood, da ted on o r
about Ap ril, 1982 . It i s he r e by found a nd dete r mi ned t ha t the Urban Re newa l
ur ea described in t he Ur ban llene wal Plan desc ri '>ed in Sect i on 2 he r eof.
co ns i sts of a blighted area which is app ropri a t e fo r an urban renewal
proj ect pursuant to the Ur ba n Re newa l Law of the Sta t e of Colo r ad~.
Sec tion 7 . 'lhe contempl ated acquisition requires governmental action
because of blighted cond it ions in the area ;
I
Section 8 . 'lhe D:,1,11town 11edevelopment Pl an , as attached he r eto as Exh i b i t A I
and incorpo r a t ed he r e in by r efe r ence dS though ful.ly set fo rth , i s hereby
app r oved , and the l::nglewood Urban Re newal Autho ri ty i s hereby aut horized t o
take any and all appropr iate action as prov i ded by said Plan .
I
AOOl'f ED AND APPROVE D this~day of Augus t , 1982 .
At t est:
/s / Gary R . Hig b ee
ex offic io Ci ty Cl e rk-Treasurer
/s / Eu gene L. Oti s
Eugene L. 0.:1s , Mayor
I, Gary R. Higbee , ex o ff icio City Cle r k-Treasurer o f the City o f
Englewood , Colorado , he r eby ce r t ify tha t the above and fo r ego i ng is a t rue ,
co rrect and compl e t e copy of Reso lution No. 39 , Se ri es of 1982 , passed on
the 2 3rd day o f August , 1982 . ---
/s / Gary R. Hi g bee
Ga ry R. Hi gbee
Add to Page 39 before last Paragraph:
'l'hc fol1uw1ng propcrti~s arc being dei:iignuted for ucquitdt .lon hy t he Ci 1 '/
Co unc il and the Urban Rl!newal Authority, and are rcqui rc<l tu meet the ob-
jectives of this Plan. These properties a r e required for the successful
i.;omplct lon ur the l.!ttlc Dry Creek flood cont r ol proj ect. Ar ter aduptio11
1Jf tll<.: IJow nLown llc:<lc.:vclopmcnC Pla n, the Urban llcuc wul /\uLhuriLy .t11 d Ci t y
will initiate negotiations for the acquisition of ches t! proµertic:s , •rn <l
in the event that negot iations are unsuccessful, t he C:ity or Ur.bun Renewa l
Auth ority wi ll util ize cminuh:: domain power to acquire the property . Th e
Jc:cit».ion to use th(! City or Urban ltcncwul Authority for t hit. procl!H~ ...,,j 11
Je pend on the future use of the prope rty. If the entire property h · rc:-
q uircd for flood control improvement s , the Ci ty may choose to handle t h e
acquhdL l o n activity, lf a portion of the acquirc<l p roperty i s to lH: re-
s old for redevelopment pur poses because it is not all rc.qu j red fo r Liooc.1
c ontrol pu rposes, the Urban Rene wal AL•~~ ority will be ce s po ns ible fo r the
ncquisition proce ss.
180 West Gi rard Avenue
31+22 Sou t h Bannock S tree t
J/126 -28 So uth Ban n ock Stree t
jfd{J Sou th Ua 11 11ock S Lr1..:1.:L
)11 66-68 Sou t h Bannock Street
16 Wes t llump<lcn Avcnul.!
~a Wc:s t llamp <lc:n AVl!l1 Ul!
3560 ouch llroadway
Jlarcc:ls along South Bannock with no a<ldrc ~w:
'3787 Sou th Clur kson Street
3767 Sou t :\ Cl.irkson S Lr<.!ct
I'. I'. l. NumU ,:r
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1971 -3I,-3-lU-OOI,
19'/ 1-Jt, -J-UU-U I u
19 71 -34-3-18 -00 5
19 71 -31,-3-I U-007
1971-)/,-)-1 U-U I 1,
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19 7l -34 -3-l8-·UU9
19 7 l -31,-3-1 U-IJl lJ
197 l-Jt,-J-;d-Oll
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I
EJi8.EWOO ll llOWN'l'OWN HEll~VELOPMEN'l' PLAN
Page 30 , Ch ange Pha"e 1 to r ead as follow s:
The fir s t phase of develo11ment includes Parcels D, F, and II. fl private
dc vc.dop cr currently h:u: an O(lti on 011 a l u fl;t! pu rt ·iun uf the pru1•l•r t'/ i11
l'urccl U, und l H l ntcrc i-1 1·cU ln <l1Jvclupl 11 g the ui cc i n ucco rtl..111 cc wiLi 1 tlil.!
Redeve lopment Plan ..... .