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Home My WebLink About1981-06-18 (Special) Meeting Agenda• • • City Counci 1 Meeting -Special -June 18, 1981 ea.t1_ • • • • CITY COUNCIL MEETING June 18 1981 RESOLUTION # ;>!'. 34, 35, 36, 37, ORDINANCE# 49, 50, 51, 52, 53, 54 • • • • 0 • I . . • • • t • SPECIAL MEETING: • • • COUNt. 1 CHAMBERS CITY OF ENGLE D COLORADO June 18, 1981 I b The City Council of the City of En l ewood, Arapahoe County, Colorado, met i n special call session on June 18, 1981, at 5:00 p.m. Ma y o r Otis , presiding, c alled the meeting to order. The invocat ion was given by Council Member Thoma s Fitzpatrick. The ple dge of allegiance was led by Mayor Eugene Otis. Mayor Otis asked for roll call. Upon a call of the roll, the following were present : Council Memb ers Higday , Neal, FitzpHLrick, Keena, Bilo, Bradshaw , Otis. Absent : None. The Mayor declared a quorum present. * * * * * * Also present we re : City Manager Mccown City Attorney DeWitt ORDINANCE NO. SERI ES OF 1981 Director of Connnunity Development Powers Deputy City Clerk Watkins * * * * * * BY AUTHORITY A BILL FOR COUNCIL BILL NO. 60 INTRODUCED BY COUNCIL MEMBER BRADSHAW AN ORDINANCE APPROVING THE LOAN TO THE ENGLEWOOD HOUSING AUTHO RITY BY THE CITY OF ENGLEWOOD IN THE SUM OF $79,000, SECURED BY A DEED OF TRUST AND DECLARING AN EMERGENCY. COUNCIL MEMBER BRADSHAW MOVED TO PASS COUNCIL BILL NO . 60, SERIES OF 1981 , ON FIRST READING. Council Member Fitzpatrick seconded the mot ion. Upon a call of the roll , the vote r esulted as follows: • I • • • • • • June 18 , 1981 Page 2 Ayes: Nays : • • .. • Co uncil Members Higday , Nea l , Fitzpatrick', Keena, Bilo, Bradshaw , 0 is . No ne. Th e Mayor decl ared t h e motion carri e d. * * * * * * RESOLUTION NO. 33 SERIES OF 1981 A RESOLUTION RESTRI CTI NG CASH FOR THE PURPOSE OF A LOAN TO THE ENGLE~D HOUSING AUTHORITY. COUNCIL MEMBER BRADSHAW MOVED TO PASS RESOL UTIO N NO. 33, SERIES OF 1981. Council Member Neal seconded the mo- tion. Upon a call of the roll, t he vote resulted as fo l lows: Ayes: Nays: Council Members Higday, Neal, Fitzpatrick, Keena, Bilo, Bradshaw, Otis. None. The Mayor declared the motion carried. * * * * * * No further business was discussed due to special call status of meeting. * * * * * * COUNCIL MEMBER HIGDAY MOVED TO ADJOURN THE MEETING. 5:10 p.m • Mayor Ot i s ad j ourned the meeting without a vote a t • I • • • • • .. • NOTICE OF CALL BY THE MAY OR FOR A SPECIAL SESSION OF THE C!T\ CO UNCI L TH URSDAY , JUNE 18, 1 9 l 5 :00 P .H. The City Council of Colorado, is called South Elati Street , ordinance, or other the City of Englewood, Ar a pahoe County , t a special meeting a t City Hall , 3400 fo r t h e purpose of tak i n g a ct ion by p propriate me ans as follows : Call to order , ·nvocation, pl edge of al l e g iance and roll call. / 1. Bill for an Ordinance approving t he loan to the Englewoo d Housing Aut hority by the City of Engl e- wood in the sum of $79,000 secured by Deed of Trus t and de c lar ing an emergency . (B i ll and Memorandum from Director of Comm unity Devel o pm en t enclosed .) 2. Resolu tion restricting cash for the purpose of a loan to the Englewood Housing Authority. (Copies enclosed .) 3 . Adjournment . /~. t /~::~· .... '"' V /-''-fc';.. --0 MC CuWN Ci't:y Manager AM/sb ACKNOWLEDGEMENT OF RECEIPT OF NOTICE persons, all Council Members of the City of hereby acknowledge receipt of notice of the session . ;drt;-tl-i "'~· . I o az -.fo"'-..::1... ......... ...,. ........ ,__ ....... ._ ........ """" ......... "'----...l..( ---__ ,,i.. -z/ ().. .. __..:::;4S='i.........:~~~:C...:::~~_:::::.o;:,,_~~·~~~~~-~/~;~?Jt,Lh.../~£~/)L_.L::::,._.::J~~~~~· • I • • • SPECIAL MEETING : • • .. • COU NC I CHAMBERS CITY OF ENGLE WOOD, COLORADO Jun 18, 981 I h The Ci ty Council of th City of En lewood, Arapahoe County, Colorado, met in special call session on Jun e 18 , 19 1, at 5 :00 p.m. Mayo r Ot i s , presiding, c alled the meeting to or der . The invoca tion was given by Council Member Th om as Fitzpatrick. The pledge of allegiance was led by Mayor Eug ene Otis. Mayor Otis asked for roll call. Upon a call of th e roll, the following were pr esen t: Council Memb ers Higday , Neal, FitzpH Lr ick, Keena, Bilo, Bradshaw , Otis. Absent : None. The Mayor declared a quorum present. * * * * * * Al so present were: City Manager Mccown City Attorney DeWitt ORDINANCE NO. SERIES OF 1981 Director of Community Dev elopment Powers Deputy City Clerk Watkins * * * * * * BY AUTHORITY A BILL FOR COUNCIL BILL NO. 60 INTRODUCED BY COUNCI L MEMB ER BRADSHAW AN ORD IN ANCE APPROVING THE LO AN TO THE ENGLEWOOD HOUSING AUTHORITY BY THE CITY OF ENGLEWOOD IN THE SUM OF $79,000, SECURED BY A DEED OF TRUST AND DECLARING AN EMERGE NCY. COUNCI L MEMBER BRADSHAW MOVED TO PASS COUNC IL BI LL NO. 60, SERIES OF 198 1, ON FIRST RE ADING. Council Member Fitzpatrick seconded th e motion. Up on a call o f the roll, the vote resulted as follows : • I • • ( • June 18, 19 81 Page 2 Ayes : Nays : • • .. • Co uncil Members Higday, Neal, Fitzpatrick , Kee na, Bilo, Bradshaw , 0 is . None . The May or dec lared the motion carried. RESOLUTION NO. 33 SERIES OF 1981 * * * * * * A RESOLUTION RESTRICTING CASH FOR THE PURPOS E OF A LOAN 1'0 TH E ENGLE~D HOUSING AUTHORITY. COUNCIL MEMBER BRADSHAW MOVED TO PASS RE SOLUT I ON NO. 33, SERIES OF 1981. Council Member Neal seconded the mo- tion. Upon a call of the roll , t he vote result e d as follows: status of 5 :10p.m. Ayes: Nays : The Mayor No further meeting. Counc il Members Higday, Neal, Fitzpatrick , Keena, Bilo , Bradshaw , Ot is . None. declared the motion carried. * * * * * * bus i ness was discussed due to special call * * * * * * COUNCI L MEMBER HIGD AY MOVED TO ADJOURN TH E ME ETI NG . Mayor Ot i s adjourn e d the meeting without a vote at • I • • ( • • • - NOTICE OF CALL BY HE MA YOR FOR A SPE CIAL SESS I ON OF THE C T't CO GIL TH RSD AY, JUNE 18, 1 9 5 :0 0 P .H . The City Co un ci l of th e City of En g lewood , Arapahoe Count y , Colorado , is cal le d r a s p ecia l meeting a t City Hall , 34 0 0 South Ela t i Stree t , f o r t h e purpo se of t a k ing a ct i o n by o rd i nance , or other ~p propriate me ans a s fo l lows : Call to orde r , n voca tion , pl edg e of alleg iance and roll call. / 1 . Bill fo r an Ordin a n c e approv i n g th e l oan to the Englewo o d Housing Aut horit y by the City of En g l e- wood i n the sum o f $7 9 ,000 se c ure d by De ed o f Trust and d e cla r i n g an emergency . (Bi ll and Memor an dum from Dire c tor o f Comm un i ty D velopmen t enclose d .) 2 . Resolu t ion restri c ting cash for the purpose of a loan to the Englewoo d Housing Authority . (Copies enclosed.) 3 . Adjournmen t . I ' ) . I . / /. / ' /i ~.J.y// /. (_)_ \... AN1JJ' MC COWN '' L- Ci't:y Manager AM /sb ACKNOWLEDGEMENT OF RECEIPT OF NOTICE The following pe rson s, all Council Members o f the Ci t y o f Englewood, do hereby acknowledge receipt of notice of the above special session. I • • - • • SPECIAL MEETING: • • • COUNC ll CHAMBE RS CITY OF ENGLEW D, COLORADO June 18, 1981 I b The City Council of the City of En lewood, Arapahoe County, Color do, met n special call session on June 18, 1981, at 5:00 p.m . ayor Otis, presiding, ca lled the meeting to or der. The invocat i on was given by Council Member Th oma s Fitzpatrick. The pledge of allegiance was led by Mayor Eugene Otis. Mayor Otis asked for roll call. Upon a call of the roll, the following were present : Council Memb ers Higday , Neal, Fitzp~Lrick, Keena, Bilo, Bradshaw , Otis. Absent : None. The Mayor declared a quorum present. * * * * * * Also present were: City Manager Mccown City Attorney DeWitt ORDINANCE NO. SERIES OF 1981 Director of Community Deve lopmen t Powers Deputy City Clerk Watkins * * * * * * BY AUTHORITY A BILL FOR COUNCIL BILL NO. 60 INTRODUCED BY COUNCIL MEMBER BRADSHAW AN ORDINANCE APPROVING THE LOAN TO THE ENGLEWOOD HOUSING AUTHO RITY BY THE CITY OF ENGLEWOOD IN THE SUM OF $79,000, SECURED BY A DEED OF TRUST AND DECLARING AN EMERGENCY. COUNCIL MEMBER BRADSHAW MOVED TO PASS COUNCIL BILL NO . 60, SERIES OF 1981, ON FIRST READING. Council Member Fitzpatrick seconded the motion. Upon a call of the roll, the vote resulted as follows : • I • • ( June 18, 19 8 1 Page 2 Ayes : Nays : • • • Council Members Higda y, Neal, Fitz patrick , Keena, Bilo, Bradshaw , 0 is . None. Th e Mayor declared t h e motion carried. RESOLUTION NO. 33 SERIES OF 1981 * * * * * * A RESOLUTION RESTRICTING CASH FOR THE PURPOSE OF A LOAN TO THE ENGLEWOOD HOUSING AUTHORITY. COUNCIL MEMBER BRADSHAW MOVED TO PASS RESO LU TIO N NO. 33, SERIES OF 1981. Council Member Neal seconded the mo- tion. Upon a call of the roll, the vote resulted as fo l lows: status of 5 :10 p.m. Ayes: Nays: The Mayor No further meeting. Council Members Higday, Neal, Fitzpa tric k, Keena , Bilo, Bradshaw , Otis. None. declared the motion carried. * * * * * * business was discussed due to special call * * * * * * COUNCI L MEMBER HIGDAY MOVED TO ADJOURN THE MEETING . Mayor Otis adjourned the meeting without a vote at -~--~=--==~--==o..--............. --------~----------...-• • I • • v D ( • • • .. • NOTICE OF CALL BY THE MAYOR FOR A SPECIAL SESSIO N OF THE CITY CO UNCIL TH URS DAY , JUNE 18, 19 l 5 :0 0 P .H. 11\e City Co uncil of the City of Englewood , Arapahoe County , Colorado, is called to a special meeting a t City Hall , 3400 South Elati Street , f o r t he purpose of tak ing act ion by ordinance, or other ap propriate me ans a s follows : Call to order, nvocation , pledge of alleg iance and roll call. AM /sb 1 . Bill fo r an Ordin ance approving the loan to the Englewood Housing Aut hority by the City of Engl e - wood in the sum of $79 ,000 secure d by Deed of Trust and d eclaring an emergency . (Bill and Memorandum from Dire c tor of Community Devel opm ent enclosed.) 2. Resolution restricting cash for the purpose of a loan to the Englewood Housing Authority. (Copies enclosed .) 3 . Adjournment . ACKNOWLEDGEMENT OF RECEIPT OF NOTICE • I • • { ( • SPECIAL MEETING: • • .. • COUNC I CHAMBE RS CITY OF ENGLE D, COLORADO June 18, 1981 I b The City Council of the City of Eng lewood, Arapahoe County, Color a do, met i n special call session on June 18, 19 8 1, at 5 :00 p.m. Ma yo r Otis, presiding , c alled the meeting to o der. The invoca tion was given by Council Member Th om as Fitzpatrick. The pledge of alleg iance was led by Ma yor Eugene Otis. Mayor Otis asked for roll call. Upon a cal l of the roll, the following were present: Council Memb ers Higday , Neal, FitzpHLrick, Keena, ~ilo, Bradshaw , Otis. Absent: None. The Mayor declared a quorum present. * * * * * * Also present wer e: City Manager Mccown City Attorney DeWitt ORDINANCE NO. SERIES OF 1981 Director of Conmrunity Dev elopmen t Powers Deputy City Clerk Watkins * * * * * * BY AUTHORITY A BI LL FOR COUNCIL BILL NO. 60 INTRODUCED BY COUNCIL MEMBER BRADSHAW AN ORDINANCE AP PROVING THE LO AN TO THE ENGLEWOOD HOUSING AUTHORITY BY THE CITY OF ENGLEWOOD IN THE SUM OF $79,000, SECURED BY A DEED OF TRUST AND DECLARING AN EMERGENCY. COUNCIL MEMB ER BRADSHAW MOVED TO PASS COUNCIL BILL NO. 60, SERIES OF 1981, ON FIRST READING. Council Member Fitzpatrick seconded the motion. Upon a call o f the roll, the vote re sul ted as follows : • I • • ( • ( June 18 , 1981 Page 2 Ayes : Nays : • • .. • Co uncil Memb e rs Higday , Nea l , Fitzpatr i c k, Keena, Bilo, Bradshaw , 0 i • None. Th e Mayor declared t h e motion car ri e d. RESOLUTION NO. 33 SERIES OF 1981 * * * * * * A RESOLUTION RESTRICTING CASH FOR THE PURPOSE OF A LOAN TO THE ENGLEWOOD HOUSING AUTHORITY. COUNCIL MEMBER BRADSHAW MOVED TO PASS RESO LUTION NO. 33, SERIES OF 1981. Council Member Neal seconded t h e mo- tion. Upon a call of the roll , t he vote resulted as follows: status of 5 :10 p.m. Ayes : Nays: The Mayor No further meeting. Council Members Higday, Neal, Fit z pa tri c k, Keena, Bilo, Bradshaw, Otis, None. declared the motion carried . * * * * * * business was discussed due to spe cial call * * * * * * COUNCIL MEMBER HIGDAY MOVED TO ADJOURN THE ME ETING. Mayor Otis adjourned the meeting without a vote at I • • ( • • • .. - J NOTICE OF CALL rlY THE MAYOR FOR A SPECIAL SESSIO N OF THE CITY CO CIL TH URSD AY , JUNE 18, 19 l 5 :00 P .H . The City Co uncil of t e City of Englewood, Arap ahoe County, Colorado, is called t a special meeting a t City Hall , 3400 South Elati Street, fo r the purpose of takin act ion by ordinance , or other ap propriate means as follows: Call to order, 4nvocation, pledge of allegi ance and roll call. / 1. Bill fo r an Ordin ance approv ing the loan c o the Englewood Housing Au t hority by the City of Engl e- wood in the sum of $79,000 secured by Deed of Tru st and de clar ing an emergency . (Bill and Memorandum from Director of Commu nity Development enclosed .) 2 . Resolu tion restri c ting cash for the purpose of a loan to the Englewood Housing Au thority. (Copies enclosed.) 3 . Adjournment. I I . I I. / ~· , /'; . 1. :-..i:Y// '' ,(..t -· • ~J" MC CuWN Ci~y Manager AM/sb ACKNOWLEDGEMENT OF RECEIPT OF NOTICE • I • • D • • .. • CO UNC I CH AMBERS CITY OF ENGLE 1D COLORADO June 18, 1981 I SPECIAL MEETING: The City Council of the City of En lewood, Arapahoe County, Colorado, met i n s p ec i al call session on June 18, 1981, at 5 :00 p .m. Ma yor Otis, presiding, c alled the meeting to or d er. The invocatLon was given by Council Member Th oma s Fitzpatrick. The pledge of allegiance was led by Mayo r Eugene Otis. Mayor Otis asked for roll call. Upon a ca ll of the roll, the following were present: Council Members Higday , Neal, Fitzp~Lrick, Keena, Bilo, Bradshaw , Otis. Absent : None. The Mayor declared a quorum present. * * * * * * Al so present were: City Manager McCown City Attorney DeWitt ORDINANCE NO. SERIES OF 1981 Director of Community Deve lo pment Powers Deputy City Clerk Watkins * * * * * * BY AUTHORITY A BILL FOR COUNCIL BILL NO. 60 INTRODUCED BY COUNCIL MEMBER BRADSHAW AN ORD INANCE APPROVING THE LO AN TO THE ENGLEWOOD HOUSING AUTHORITY BY THE CITY OF ENGLEWOOD IN THE SUM OF $79,000, SECURED BY A DEED OF TRUST AND ~~GLARING AN EMERGENCY. COUNCIL MEMBER BRADSHAW MOVED TO PASS COUNCIL BILL NO. 60, SERIES OF 1981 , ON FIRST READING. Council Member Fitzpatrick seconded the motion. Upon a call of the roll, the vote resulted as follows : • I • • ( • June 18, 1981 Page 2 Ayes : Nays : • • .. • Co uncil Members Higday, Neal, Fitzpa rick, Keena, Bilo, Bradsh aw , Otis. No ne. The Mayor de clared the motion carri e d. RE SO LUTI ON NO. 3 3 SERIES OF 1981 * * * * * Jc A RESOLUTION RE STRI CT ING CASH FOR THE PURPOS E OF A LOAN TO TH ENGLEli«>OD HOUS I NG AUT HOR ITY . COUNCI L MEMB ER BRA DSH AW MO VED TO PASS RESO LUTIO N NO. 33, SERIES OF 198 1. Coun cil Membe r Neal seconded the mo - t i on . Upon a ca ll o f the ro ll, t he vo te resulted a s fo llo s: status of 5 :10 p.m . Ayes : Na y s : The Mayor No fu r ther mee t ing. Coun cil Memb e rs Higday, Ne a l , Fitzpatri k , Keen a, Bilo, Br ad sh aw, Otis . Non e . declared the motion carried . * * * * * * business was di scussed due to special call * * * * * * COUNCIL MEMB ER HIGDAY MOVED TO ADJOURN TH E MEET! G. Mayor Ot i s adjourned the meeting with o ut a vo t e a t 71 of I • I • • ( • • • .. • NOTICE OF CALL BY HE MAYOR FOR A SPECIAL SESSION OF THE CITY CO CIL TH URSDAY , JUNE 18, 19 1 5 :00 P .M. TI\e City Co un cil of Colorado, ia called South Ela t i Street , ordinance, or other the City of Englewood , Arapahoe County , o a special meeting a t City Hall , 3400 f o r the purpose of t ak ing a ction by p propriate means as fol lows : Call to order , ~n vocat i on , pledge of alleg iance and roll call. / l . Bill for an Ordinan ce approv ing the loan to the Englewood Housing Aut hority by the City of Engl e- wood in the sum of $79 ,000 secured by Deed of Trus t and d e cl arin g an emergency . (Bill and Memorandwn from Dire c tor of Community Devel opm ent enclosed .) 2 . Resolu tion restri cting cash for the purpose of a loan to the Englewood Housing Authority. (Copies enclosed .) 3 . Adjournment . i 0 //. I . /· . " /1 j f/. 0 L (/.· 'v ~~HC COWN Ci't:y Manager AM/sb ACKNOWLEDGEMENT OF RECEIPT OF NOTICE The following Englewood, °do above special persons, all Council Members of the City of hereby acknowledge receipt of notice of the session . "~'"'rd ,&,;,;_ 1Sdj /'ds--i ~ -'("_..-• /.-L I (J ~If z -.!<"76;,-.~'""--;?-/"''"°""'""f-ro»)......,_) t7"'L>&,;,,,__/......_··, ~-, ~!~ ;;/"'-l . .. ,_ _1~_....,~~-~·,...___._....:::::;:-.,"""""-.4'.)~~=:___.f:"-=--c~...:::.."-/~~-_)\_._~....;;...-.u.....',....~,'~t{~~)~..L..~~-'-'--1-~;.::;...;;.~-· • I • • t f • • .. • NOTICE OF CALL BY THE MAYOR FOR A SPECIAL SESSION OF THE CITY COUNCIL THURSDAY, JUNE 18 , 1981 5 :00 P.M . "nle City Council of the City of Englewood , Arapahoe CoWlty, Colorado, is called to a special meeting at City Hall, 3400 South Elati Street , for the purpose of taking action by ordinance, or other appropriate means as follows : Call to order, invocation , pledge of allegiance and roll call. 1. Bill for an Ordinance approving the loan to the Q lk t.O Englewood Housing Authority by the City of Engle- 110-. w wood in the sum of $79,000 secured by Deed of Trust Ct and declaring an emergency. (Bill and Memorandum from Director of Community Development enclosed.) 2. Resolution restricting cash for the purpose of a n n tJJ~~ loan to the Englewood Housing Authority. (Copies ---fY p!Y enclosed.) 3 . Adjournment. !/). k1p/lc/Jur.v 5 : 10 r Cf. MC c~~ AM/ab ACKNOWLEDGEMENT OF RECEIPT OF NOTICE The following persons, all Council Members of the City of Englewood, do hereby acknowledge receipt of notice of the _above special session. • I . • • • ,. - ROLL CALL Moved Seconded Aye Nay Absent Abstain Hlgday Neal Fl tzpatri ck Keena ~llo Bradshaw Otis ~d_. fl rfe-dw ~ ~L ~~ -J~.;W_Ji, (')~~ • ~~ 7tY/e-~ ~ • ,. I . . • • .. • ROLL CALL Moved Seconded Aye Nay Absent Abstain Hiqday a.-- Neal (_,.-- F 1 tzoat re ck v Keena ,._.- 8110 ·~ Bradshaw v- Otis ~ I • • • • • ,. • ROLL CALL Moved Seconded ~ Nay Absent Abstain Higday I Neal ..... Fitzpatrick ' Keena I Bl lo I ..-Bradshaw I Otis I ~ I • • • • • ,. - --------------------'------ ROLL CALL Moved Seconded Aye Nay Absent Abstain Hi gday I v-Neal Fitzpatrick ' Keena I 81 lo I v-Bradshaw I Otis I \ 0\ ~.'!O J7!~. I • • • ( I ORDINANCE NO. SERIES OF 198 -1~- • • • BY AU THOR I TY A BILL FOR COUNCIL BILL NO. 60 INTRODUCED BY COUNCIL MEMBER 'z@ n .-~ AN ORDINANCE APPROVING THE LOAN TO THE ENGLEWOOD HOUSING AUTHORITY BY THE CITY OF ENGLEWOOD IN THE SUM OF $79,000, SECURED BY A DEED OF TRUST AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO: Section 1. That the City of Englewood shall loan to Englewood Housing Authority the sum of $79,000 at an interest rate of 12.0% per annum to be secured by a deed of trust on that property the Englewood Housing Authority currently possesses an option to purchase legally described as: Parcel 11 2213 -2215 West Vassar Avenue South 120 feet of Lot 29, except West 16.75 feet, Block 12, Southlawn Gardens, County of Arapahoe, State of Colorado. Parcel 12 3121 South Lincoln Street Lots 42, 43, 44, Block 4, Rose Addition to Englewood, County of Arapahoe, State of Colorado. Parcel 13 3726 -3730 South Inca Street Lots 7 and 8, Block 5, Logandale Subdivision County of Arapahoe, State of Colorado. Said loan shall be repaid not later than October 31, 1981. Should said option not be exercised, the loan shall not be made. Section 2. The City Council hereby authorizes the City Manager of the City of Englewood, the Director of Finance ex officio City Clerk-Treasurer, and the City staff to execute those documents as are necessary to carry out the provisions of Section 1 hereof. Section 3. That the Englewood Housing Authority provides needed housing for the City of Englewood and that they have an option to purchase additional property for said needs, and that the City • I • • • • .. • Council deairea to loan sums to the Englewood Housing Authority to allow the exerciae of an op~ion on or before June 30, 1981, thi• being neceasary for the health, safety and welfare of the residents of the City of Englewood and therefore declares an emergency. Introduced, read in full, and passed on first reading on the 18th day of June, 1981. Published as a Bill for an Ordinance on the~~~-day of June, 1981. Eugene L. Otis, Mayor Attest: ex officio City Clerk-Treasurer ( I, Gary R. Higbee, ex officio City Clerk-Treasurer of the • City of Englewood, Colorado, hereby certify that the above and foregoing is a true, accurate and complete copy of a Bill for an Ordinance, introduced, read in full, and passed on first reading on the 18th day of June, 1981. Gary R. Higbee -2- • I . • • - MEM O RAND UM ---------- TO : City Manager Mccown FROM : Susan Powers, Director of Comnunity Development DATE : June 17, 1981 SUBJECT : Request by Englewood Housing Authority to Borrow Funds from the City to Purchase Du- plex Sites l The Englewood Housing Authority has a fund reservation of $503,095 from HUD to construct five duplexes for low-income families under the Public Housing Turn-key program. Under the turnkey program, the Housing Authority does not receive those funds until the completion of the project. The developer constructs the units and the Housing Authority purchases the completed product . The City has has also been awarded a Special Allocation CODIDUnity Development Block Grant of $124,315 toward the purchase and improvement of four of the five sites . Due to Federal site acquisition regulations , the DRCOG money cannot be used at this time to purchase the sites . It is to be used as part of the purchase price to the developer for the completed duplexes. The developer had been hoping to start construction in July ; however, at a meeting Thursday, June 11, HUD requested a complete redesign of the duplex plans, which will take another four to six weeks. This will delay the start of construction until mid-August at the earliest. The developer originally optioned seven sites in the fall of 1979, and has had to renew the options several times since then . In that period of time, two sites were lost because the owners refused to extend the options to the developer . Of the five remaining sites, the developer has actually pur- chased two of the sites in order not to lose them. It has been very difficult to locate acceptable sites in Englewood . The options on the three remaining sites expire on June 30 and the property owners of two of the sites have indicated that they will not renew the option again . In fact, one of the property owners has filed an application for a variance to be considered by the Board of Adjustment in July so that she can develop her site herself. The third property owner has not decided whether or not to extend the option . Up to this point, there was an assumption on the part of the developer that the property owners would be willing to continue extending the options. This is an unusual predicament for the Englewood • I • • • • • City Ma n ager Mccown June 17, 19 81 Page -2- • - Ho u sing Authority because they are not really responsible f or the s i te acquisition but if the developer is unable to find sites , then the City and EHA may lose the HUD coumitment for construction money . HUD has informed the s t aff that the units must be under construction by September 30, 1981, in order to maintain the coumi tment of HUD funds . This is a deadline es- tablished by Washington, D.C., and we have every reason to believe that date is not flexible. The developer maintains that they do not have the funds to purchase the three sites since they have not received any money from HUD thus far on the duplex development. There are two options at this point. The EHA can take the position that it is the developer's responsibility to purchase the sites for duplex development. If the options on the property are lost and the developer starts over on site selec- tion, it is highly unlikely that sites would be located and approved by HUD with plans approved by HUD and the EHA prior to the September, 1981, deadline. If that occurred, the City would have less duplexes constructed. Thre is always the chance that the developer would not allow the options to expire. If EHA wanted to take this chance and not initiate the purchase of the sites, they are gambling on the word of the developer that they do not have the funds to purchase the sites. The second option of the Englewood Housing Authority is to purchase the sites for the developer and then resell them to the developer prior to the start of construction. This would require a loan of $79,000 from the City of Englewood to the EHA since the Housing Authority does not have the funds to purchase the sites . The arrangement would be similar to the loan the City made to the Englewood Housing Authority for the purchase of the site on which the elderly high-rise develop- ment is located . (This loan has been repaid.) The EHA staff and City staff were not aware that the problem existed until a few days ago . Since there has not been an opportunity to hold a meeting of the Englewood Housing Authority, Tom Burns, EHA Chairman, has authorized a phone poll on the issue . The Authority has voted to request a loan of $79 ,000 from the City so that they may purchase the three sites before the options expire. It is possible that the owners of the third site will extend the option to the developer. If this does occur, only the two sites will be purchased. The property in question is the following: • I • • n • • • '. • City Manager McCovn June 17, 1981 Page -3- Parcel #1 2213-2215 West Vassar Avenut Purchase Price: $20,000 -~500 deposit • $19,500. Parcel #2 3121 South Lincoln Street Purchase Price: $31,000 -$500 deposit -$30,500. Parcel #3 3726-3730 South Inca Street Purchase Price: $29,500 -$500 deposit • $29,000. If the Mayor and City Council agree to make the loan to the Englewood Housing Authority, it will be necessary for an ... rgency ordinance to be approved on first and final reading prior to June 30th. Since no formal meetings of the City Council are scheduled before June 30th, this will require two meetings. One final point is that neither Frances Jonas nor I are comfort- able with the position in which the developer has placed the City and Housing Authority. If the City and Englewood Housing Authority had wanted to take on the responsibility of finding sites, purchasing sites, etc., then EHA would have acted as developer and not hired a developer to do this work. We are very concerned that if the sites are lost, the City will lose the duplex units which are so desperately needed. With this in mind, we would appreciate the favorable consideration of the City Council for the loan to the Englewood Housing Authority. gw cc: Tom Chandler Tom Burns Frances Jonas • I . • • NE LSON A () CO 2lU 1 CENTtNNIAL RD SALINA KS b7U01 • • • U•Ob322 1S1b700l 06/lb/91 ic · lPH8NGL CSP OVRB 2 913825213u MGH lDuN SALINA KS O&•lb 0538P EST F~A~CtS JONA ENuLEWuOU HOUSINu AUTHORITY 3U OCI S ELATI ST ENGLE~OUD CU 80110 Tl1J S 15 A CQNFIHMATIO~ COPY OF A PREVIO~SLY PHONE•DELIVtRED TtLtGHAH OUE TO THE CASH FLOft SITUATION IN ROTH NELSON•ROTH OF COLORADO ANO OUR PARENT COMPANY NELSON ANO COMPANY INC,, Wf ARt UNABLE AT THIS TIME TO PURCHASE THE THHEt REHAlNINu LOTS FOR THE ENGLEftOOO FAMILY SITE. JT WOULD Rt ADVISADLt FON THE HOUS!Nu AUTHuR!TY TO PURCHASE THESE LUTS IF PuSSlbLt. OUR OPTIONS EXPIRt JUNE 301 1~81. tf YOU HAVE QUESTIO~S OH NEtO CLAHifICATIUN PLEASE CALL, TOM CHANDLER, NELSON•HOTH OF COLOHAUO INC ?141 CENTtNNIAL HO SAUNA KS 67401 17 :CIO EST 11GMCOMP TO REPLY BY MAILGRAM. SEE REVERSE SIDE FOR WESTERN UNION 'S TOLL • FREE PHONE NUMBERS • ·~ .. ../ ...; -' I • • '-" ·,.I ' ...... • • RESOLUTION NO . SERIES OF 1,81 .. • • • A RESOLUTION RESTRICTING CASH FOR THE PURPOSE OF A LOAN TO THE ENGLEWOOD HOUSING AUTHORITY. WttEREAS, the Housing Authority has requested a lo.n in the amount of $7,,000 to purctMise three duplex sites; and WHEREAS, the requested loan in the amount of $79,000 will be repaid by the Housing Authority frOlll funds associated with the Department of Housing and Urban Develop111ent Public Housing Turnkey Program; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: Section 1. That the City of Englell«>Od restrict cash of $79,000 in the Public Improve- ment Fund for the purpose of a cash loan by August 1, 1981; if a loan is not made by that date, the cash would beCOllle available for general operating purposes again within the Public l111Provement Fund. Sect ion 2. This loan sti.11 be secured through a first deed of trust on the property, and such other terms and conditions as are necessary to insure repayment of princi- pal and Interest as the City may require. Section ]. The loan shall be repaid by the Housing Authority. Section I+. If the Housing Authority decides to exercise its option on the property and requests the City loan, the City Attorney Is authorized to draft the appropri- ate ordinances and agreements to carry out this resolution. ADOPTED AND APPROVED THIS day of--------------• 1981. Mayor ATIEST: ex officio City Clerk-Treasurer I, Gary R. Higbee, ex officio City Clerk-Treasurer for the City of Englell«>Od, Colorado, do hereby certify that the above and foregoing is a true, accurate and complete copy of Resolution No. ___ , Series of 1981. Gary R. Higbee • I • • • • ORDI NANCE NO. SERIES OF 198-1~- • • - BY AU'lliORITY A BILL FOR COUNCIL BILL NO. 60 INTRODUCED BY COUNCIL MEMBER ~~~~~~~~ AN ORDINANCE APPROVING THE LOAN TO THE ENGLEWOOD HOUSING AUTHORITY BY THE CITY OF ENGLEWOOD IN THE SUM OF $79,000, SECURED BY A DEED OF TRUST AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO: Section 1. That the City of Englewood shall loan to Englewood Housing Authority the sum of $79,000 at an interest rate of 12.0% per annum to be secured by a deed of trust on that property the Englewood Housing Authority currently possesses an option to purchase legally described as: Parcel 11 2213 -2215 West Vassar Avenue South 120 feet of Lot 29, except West 16.75 feet, Block 12, Southlawn Gardens, County of Arapahoe, State of Colorado. Parcel 12 3121 South Lincoln Street Lots 42, 43, 44, Block 4, Rose Addition t o Englewood, County of Arapahoe, State of Colorado. Parcel 13 3726 -3730 South Inca Street Lots 7 and 8, Block 5, Logandale Subdivision County of Arapahoe, State of Colorado. Said loan shall be repaid not latPr. ,~1an October 31, 1981. Should said option not be exercised, the loan shall not be made. Section 2. The City Council hereby authorizes the City Manager of the City of Englewood, the Director of Finance ex officio City Clerk-Treasurer, and the City staff to execute those documents as are necessary to carry out the provisions of Section l hereof. Section 3. That the Englewood Housing Authority provides needed housing for the City of Englewood and that they have an option to purchase additional property for said needs, and that the City • I • • • • • .. • Council desires to loan SWIUI to the Englewood Housing Authority to allow the exercise of an option on or before June 30, 1981, this being necessary for the health, safety and welfare of the residents of the City of Englewood and therefore declares an emergency. Introduced, read in full, and passed on first reading on the 18th day of June, 1981. Published as a Bill for an Ordinance on the~~~-day of June, 1981. Attest: Eugene L. Otis, Mayor ex officio City clerk-Treasurer I, Gary R. Higbee, ex officio City Clerk-Treasurer of the City of Englewood, Colorado, hereby certify that the above and foregoing is a true, accurate and complete copy of a Bill for an Ordinance, introduced, read in full, and passed on first reading on the 18th day of June, 1981. Gary R. Higbee -2- • • I • • - • • RESOLUTION NO . SERIES OF 1,81 ,. • • • A RESOLUTION RESTRICTING CASH FOR THE PURPOSE OF A LOAN TO THE ENGLEWOOD HOUSING AUTHORITY. WHEREAS, the Housing Authority has requested a loan in the amount of $7,,000 to purchase three duplex sites; and WHEREAS, the requested loan In the amount of $79,000 will be repaid by the Housing Authority from funds associated with the Department of Housing and Urban Development Public Housing Turnkey Program; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS: Section 1. That the City of Englewood restrict cash of $79,000 in the Public Improve- ment Fund for the purpose of a cash loan by August 1, 1981; If a loan Is not made by that date, the cash would become available for general operating purposes again within the Public l111provement Fund. Section 2. This loan shall be secured through a first deed of trust on the property, and such other terms and conditions as are necessary to insure repayment of princi- pal and Interest as the City may require. Section 3. The lOiln shall be repaid by the Housing Authority. Section It. If the Housing Authority decides to exercise Its option on the property and requests the City I011n, the City Attorney ls authorized to draft the appropri- ate ordinances and agreements to carry out this resolution. ADOPTED AND APPROVED THIS day of--------------• 1981. Mayor ATTEST: ex officio City Clerk-Treasurer I, Gary R. Higbee, ex officio City Clerk-Treasurer for the City of Englewood, Colorado, do hereby certify that the above and foregoing Is a true, accurate and complete copy of Resolution No. __ , Serles of 1981. Gary R. Higbee .---·~~~=="f"'========----...................... ____________________ ~ • • I • • • ~ • RESOLUTION NO . SERIES OF 1981 • • • A RESOLUTION RESTRICTING CASH FOR THE PURPOSE OF A LOAN TO THE ENGLEWOOD HOUSING AUTHOIUTY. WHEREAS, the Housing Authority has requested a loan in the amount of $79,000 to purch•se three duplex sites; and WHEREAS, the requested loan In the amount of $79,000wi11 be repaid by the Housing Authority from funds associated with the Department of Housing and Urb•n Development Public Housing Turnkey Program; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLOftAOO, AS FOLLOWS: Section I. Th•t the City of Englewood restrict cash of $79,000 in the Public Improve- ment Fund for the purpose of• c.sh loan by August I, 1981; if a loan Is not made by th•t d•te, the c•sh would become available for general operating purposes again within the Public l111prove111ent Fund. Section 2. This loan s~ll be secured through a first deed of trust on the property, and such other terms ~d conditions as are necessary to insure repayment of princi- pal •nd Interest •s the City may require. Section ). The loan shall be repaid by the Housing Authority. Sect!on It. If the Housing Authority decides to exercise its option on the property and requests the City loan, the City Attorney is authorized to draft the appropri- ate ordinances and agreements to carry out this resolution. ADOPTED AHO APPROVED THIS day of--------------• 1981. Mayor ATTEST: ex officio City Clerk-Treasurer I, Gary R. Higbee, ex officio City Clerk-Treasurer for the City of Englewood, Colorado, do her~by certify that the above and foregoing Is a true, accurate and complete copy of Resolution No. ____ , Series of 1981. Gary R. HI gbee • I • •