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HomeMy WebLinkAboutResolution-1993-1374 EXHIBIT B RESOLUTION 1374 Series of 1993 TITLE: RESOLUTION TO ESTABLISH A BUSINESS DEVELOPMENT ZONE IN THE VICINITY OF SHERIDAN BLVD. AND W. 38TH AVE. WHEREAS. pursuant to Wheat Ridge Code of Laws, Chapter 22, Article II, Division 6, City Council may establish Business Development Zones (BDZ) to improve business development and redevelopment for the purpose of increasing sales and use tax revenue to the City; and WHEREAS, there exists in the vicinity of Sheridan Blvd. and W. 38th Ave. a commercial area that has unrealized development and redevelopment opportunities that would benef1t the citizens of the City of Wheat Ridge by expanding the sales and use tax base, improving deteriorating and blighting conditions, and providing expanded business opportunities; NOW, THEREFORE, BE IT RESOLVED that the City of Wheat Ridge City Council hereby establishes the Sheridan & W.38th Ave. Business Development Zone that includes those properties as shown on attached Exhibit A. This provides any property owner located within this BDZ the opportunity to apply for participation in the BDZ Program, however, it does not guarantee approval of any particular application. City Council, in their sole discreation, shall consider applications for BDZ Program participation based upon compliance with requirements set forth under Wheat Ridge Code of Laws, Article II, Division 6. DONE AND RESOLVED this 13th day of December, 1993. ~~ Dan Wilde, Mayor "' I I ATTEST: :/~\i / ,c__ ,..::.;;J!: c IL~LA--\.. ,- Wanda Sang, City pc BDZResollj93