HomeMy WebLinkAboutURA Resolution 2003-03
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 03-2003
Series of 2003
A RESOLUTION OR THE WHEAT RIDGE URBAN RENEWAL
AUTHORITY AUTHORIZING THE ACQUISITION OF PROPERTIES
INCLUDING THE UTILIZATION OF EMINENT DOMAIN RELATED TO THE
WALGREEN'S PROJECT
WHEREAS, pursuant to the Urban Renewal Law of Colorado and The
Disposition and Development Agreement with Cornerstone Group I, Inc. for the
Walgreen's redevelopment project at 38th Avenue and Sheridan Boulevard within the
38th Avenue Corridor Redevelopment Area, the Authority is legally authorized and
contractually required to acquire certain real properties and improvements and to
convey the parcels of property to Cornerstone Group I, Inc to develop a Walgreen's
store; and
WHEREAS, the Authority has secured the fmancing to effect the acquisition of
the properties.
NOW THEREFORE BE IT RESOLVED by the Wheat Ridge Urban Renewal
as follows:
Section 1. The staff, attorneys, consultants and representatives
("representatives") of the Authority are authorized to engage in good faith negotiations
to acquire the real and personal properties identified herein. If negotiations fail to
realize a negotiated agreement for the acquisition of the properties, the Authority
representatives are specifically authorized to initiate and pursue acquisition of the
properties by the utilization of the legal process of eminent domain! condenmation.
Section 2. The properties authorized to be acquired include, by street
addresses, the following:
A. 5208 West 38th Avenue
Wheat Ridge, Colorado
B 5250 West 38th Avenue
Wheat Ridge, Colorado
C. 5280 West 38th Avenue
Wheat Ridge, Colorado
D. 3718 Ames Street
Wheat Ridge, Colorado
E. 3749 Sheridan Boulevard
Wheat Ridge, Colorado
DONE AND RESOLVED this d:J '2!! day of October 2003.
HCU-<f 8.~
Chair
ATTESUIl-Ptl ~ ~-e~~
Secretary ~
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