HomeMy WebLinkAbout2025 - RESO 58 - URA budget SupplementCITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 58
SERIES OF 2025
TITLE: A RESOLUTION AMENDING THE 2025 CAPITAL
IMPROVEMENT PROGRAM BUDGET TO REFLECT THE
APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION
IN THE AMOUNT OF $1,200,000 FOR ACQUISITION OF
PROPERTY AT 4593 PARFET STREET FOR EXPANSION AND
CONSOLIDATION OF THE PUBLIC WORKS AND PARKS
OPERATIONS FACILITIES
WHEREAS, a recommendation from the Facilities Master Plan is to co-locate and
expand the Public Works and Parks Operations Facilities at one site; and
WHEREAS, the recommended direction is to acquire a parcel adjacent to the
existing Public Works Operations Facility to make the expansion possible; and
WHEREAS, City Council entered into a contract to purchase property for $1,100,000 located at 4593 Parfet Street; and
WHEREAS, Renewal Wheat Ridge has approved a loan in the amount of $1,200,000
to assist the City in purchasing this property including appropriate due diligence and
closing costs; and
WHEREAS, City Council approved Resolution 41-2025, a resolution approving a Loan Agreement with Renewal Wheat Ridge in the amount of $1,200,000 for acquisition
of property at 4593 Parfet Street for expansion and consolidation of the public works and
parks operations facilities
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF WHEAT
RIDGE, COLORADO THAT:
Section 1. A supplemental appropriation in the amount of $1,200,000 is hereby
approved from the CIP Fund undesignated reserves to account 300-80801-610.
DONE AND RESOLVED this 8th day of December 2025
ATTEST:
Margy Greer, Sr. Deputy City Clerk
Korey Stites, Mayor