HomeMy WebLinkAbout08/23/2000AGENDA
CITY OF WHEAT RIDGE
URBAN RENEWAL AUTHORITY
Wednesday, August 23, 2000
7:00 P.M.
Notice is hereby given of a Public Meeting to be held before the City of Wheat Ridge Urban
Renewal Authority on August 23, 2000, at 7:00 p.m., City Council Chambers, 7500 West
29th Avenue, Wheat Ridge, Colorado.
1. Call The Meeting to Order
2. Roll Call of Members
3. Approval of Minutes
4. Public Forum (This is tlie thre for any person to speak on any subject not appearing
on the agenda. Public comments may be limited to 3 minutes.)
5. Old Business
6. New Business
A) Resolution approving the proposed modification to Urban Renewal Plan,
deleting the Northern Portion of the Urban Renewal Ptan area, transmitting
the same to the City Council and requesting the Council to determine that it
is a substantial modification of the Urban Renewal Pian. (Action Requested)
7. Other Matters
8. Adjourament - September 19, 2000
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WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION N0. _01
Series of 2000
TITLE: A RESOLUTION APPROVING A PROPOSED MODIFICA-
TION TO URBAN RENEWAL PLAN, AND TRANSMITTING
THE SAME TO THE WHEAT RIDGE CITY COUNCIL.
WHEREAS, the Wheat Ridge Economic and Revitalization Commission,
predecessor in name to the present Wheat Ridge Urban Renewal Authority,
approved, on December 14, 1981, an Urban Renewal plan for redevelopment of
portions of the City; and
WHEREAS, said Urban Renewal Plan included the area shown on the diagram
attached hereto as Exhibit 1; and
WHEREAS, a portion of the Urban Renewal Plan area, hereinafter referred to
as the "Northern Portion" has not redeveloped since its inclusion in the plan area in
1981, nor have property tax increments been generated by or collected from
properties within the Northern Portion; and
WHEREAS, in light of this nonproduction of property tax increments, the
Urban Renewal Authority believes it in the best interests of the Urban Renewal Plan
generally that the Northern Portion be deleted from said plan.
NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal
Authority as follows:
Section 1. The proposed modification to the Wheat Ridge Urban Renewal
Plan attached hereto as Ezhibit 1 be, and hereby is, approved by the Authority.
Section 2. The Authority hereby transmits the proposed Modification to
Urban Renewal Plan to the City Council with the request that the City Council find
that the proposed modification to Urban Renewal Plan is a"substantial .
modification" of the approved 1981 Urban Renewal Plan for the City and, upon
such finding, direct that the proposed modification be reviewed by the Jefferson
County Board of County Commissioners pursuant to C.R.S. Section 31-25-
107(3.5) and the Wheat Ridge Planning Commission pursuant to C.R.S.
Section 31-25-107(2), for review and comment, and upon receipt of such
comments that the City Council schedule a public hearing to formally consider
adoption of the proposed modification.
GED\53027\355073.01
DONE AND RESOLVED this
YaTTEST:
Secretary to the Authority
day of August, 2000.
WHEAT RIDGE URBAN RENEWAL
AUTHORITY
By:
Chairman
GED\53027\355073.01 . 2
EXHIBIT 1
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Area to be Removed From Urban Renewal Area
Existing Urban Renewal Area
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WHEAT RIDGE COLORADO URBAN RENEWAL AUTHORITY
PROPOSED MODIFICATION TO URBAN RENEWAL PLAN
The Wheat Ridge Urban Renewal Plan, adopted on December 14, 1981, and
amended December, 1997, encompasses an area of approximately 516 acres
shown on Attachment A. Since the adoption of the Urban Renewal Plan in 1981,
numerous redevelopment activities have taken place within the Urban Renewal
Area. However, the Northern Portion of the Urban Renewal Area, consisting of
seven (7) individual and contiguous property tracts has experienced no such
redevelopment. The Northern Portion is shown on the Attachment B. It is
significant that the Northern Portion of the Urban Renewal Area has generated no
property tax increments since being created in 1981. Property taxes for the
Northern Portion have not increased beyond the allowable base figures for property
tax increment financing, resulting in the collection of no property tax increments
above that base amount within the Northern Portion whatsoever. A chart detailing
the property tax assessment and payment history of the seven parcels comprising
the Northern Portion is attached as Attachment C.
Because the Northern Portion has not produced any property tax increments
since creation of the Urban Renewal Plan in 1981, the Wheat Ridge Urban Renewal
Authority, acting under the power granted it by Wheat Ridge Code of Laws
Section 25-23 and C.R.S. § 31-25-105 to make Urban Renewal plans and § 31-25-
107 to submit Urban Renewal plans or substantial modifications thereof to the
Wheat Ridge City Council, the Wheat Ridge Urban Renewal Authority hereby
recommends that the Urban Renewal Area adopted by the Economic Development
and Revitalization Commission (the City's Urban Renewal Authority and
predecessor to the Wheat Ridge Urban Renewai Authority) on December 14, 1981,
be amended by the deletion from the plan area of the "Northern Portion," as shown
on Attachment B hereto. The Urban Renewal Authority further submits tliis
proposed modification to the Wheat Ridge City Council for a determination that the
modification is a"substantial modification" of an approved urban renewal pian
pursuant to § 31-25-107, C.R.S.
Dated and approved by Resolution this day of , 2000
WHEAT RIDGE URBAN RENEWAL
AUTHORITY
By:
Chairman
ATTEST:
Secretary to the Authority
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ATTACHMENT A
M Existing Urban Renewal Area
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ATTACHMENT B
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Area to be Removed From Urban Renewal Area
ATTACHMENT C
TO BE PROVIDED AT MEETING