HomeMy WebLinkAboutResolution-1986-0994
RESOLUTION NO. qql!
Series of 193fi
TITLE: A RESOLUTION AUTHORIZING THE ALLOCATION AND TRANSFER OF
FORTY PER CENT (40%) OF THE LODGERS TAX COLLECTED IN THE
KIPLING ACTIVITY CENTER URBAN RENEWAL AREA IN LIEU OF THE
CITY SALES TAX TO THE KIPLING ACTIVITY CENTER FUND OF THE WHEAT
RIDGE URBAN RENEWAL AUTHORITY AND AUTHORIZING THE EXECUTION
OF THE ATTACHED AMENDMENT TO INTERGOVERNMENTAL AGREEMENT.
WHEREAS, the City Council has established an Urban Renewal
Author i ty; and
WHEREAS, the City Council has passed Resolution NO. 837, Series of
1983, approving the Kipling Activity Center Urban Renewal Plan,
which was later amended by Resolution 940, Series of 1985; and
WHEREAS, the City Council and the Wheat Ridge Urban Renewal
Authority did enter into an Intergovernmental Agreement for
relocation of a service road at 1-70 and Kipling, pursuant to
Resolution NO. 837, Series of 1983; and
WHEREAS, the City Council enacted Ordinance NO. 642, Series of
1985, which adds to the Code of Laws of the City of Wheat Ridge,
Section 21-63, Lodgers Tax, which is in lieu of the City's sales
tax; and
WHEREAS, the City and the urban Renewal ~uthority deem it proper
and appropriate for the above described Intergovernmental Agreement
to be amended to authorize and transfer 40% of the Lodgers Tax be
allocated and transferred in lieu of the City sales tax, for those
businesses in the Kipling Activity Center, effective as of January
1, 1986. Such amount shall be equal to the sales tax that would
have been generated by such business if the Lodgers Tax had not
been enacted; and
WHEREAS, it is in the best interest of the City of Wheat Ridge to
enter into the Amendment to Intergovernmental Agreement which is
attached to this Resolution; and
WHEREAS, Section 14.2 of the Home Rule Charter of the City of Wheat
Ridge authorized the City of Wheat Ridge, by Resolution, to enter
into intergovernmental agreements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF WHEAT RIDGE,
that the Amendment to Intergovernmental Agreement between the City
of Wheat Ridge and the Wheat Ridge Urban Renewal Authority, which
is attached hereto, is approved and that the Mayor and City Clerk
be authorized to sign said Amendment.
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