HomeMy WebLinkAboutURA Resolution 2000-01
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 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; little or no 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 Exhibit 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\355013.01
DONE AND RESOLVED this '2..;;rJ day of August, 2000.
WHEAT RIDGE URBAN RENEWAL
AUTHORI
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ATTEST:
~X~
Secretary to the Authority
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GED\53027\355013.01
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WHEAT RIDGE COLORADO URBAN RENEWAL AUTHORITY
PROPOSED MODIFICA nON TO URBAN RENEWAL PLAN
The Wheat Ridge Urban Renewal Plan, adopted on December 14, 1981, and amended
December, 1997, encompasses an area of approximately 57.6 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 little or no property tax
increments since being created in 1981. Property taxes for the Northern Portion have not
appeared increased beyond the allowable base figures for property tax increment financing,
taking into consideration the biannual reassessment cycle. Research documents detailing the
property tax assessment and payment history of the seven parcels comprising the Northern
Portion as distinguished from the remainder of the Urban Renewal Area have been entered into
the record before the Authority.
Because the Northern Portion has produced little or no 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. S 31-25-105
to make Urban Renewal plans and S 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 Renewal 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 this proposed modification to the Wheat Ridge
City Council for a determination that the modification is a "substantial modification" of an
approved urban renewal plan pursuant to S 31-25-107, C.R.S.
Dated and approved by Resolution this Z3rd day of A~F-'t ,2000.
':{J~EATm"'E URBAN;;'"WAL
By: ;;r; ~
C rman
ATTEST:
~X~
Secretary to the Authority
GED\53027\355003.01
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