HomeMy WebLinkAboutResolution-1994-1420
RESOLUTION NO. 1420
TITLE:
RESOLUTION APPROVING ACQUISITION OF REAL PROPERTY
INTERESTS AND TRANSFERRING FUNDS FOR PROPERTY
ACQUISITION PURSUANT TO THE WHEAT RIDGE TOWN CENTER
URBAN RENEWAL PLAN.
WHEREAS the Wheat Ridge City Council adopted the Wheat Ridge
, .
Town Center Urban Renewal Plan (the "Plan") by Resolutl.on No. 756,
series of 1981 dated December 14, 1981, and amended October 12,
1987 by Resolution No. 1053, Series of 1987, and modified on
September 14, 1992 by Resolution No. 1313, Series of 1992, pursuant
to the Colorado Urban Renewal Law, Title 31, Article 25, Part 1,
C.R.S. as amended.
WHEREAS, the Plan provides that the "Project Activities shall
be to participate and assist in the redevelopment or
rehabilitation of the Wheat Ridge Town Center which by way of
illustration but not by limitation may include the following:
1.
redeveloper
development
Assist or cooperate with a developer,
or rehabilitator l.n the completion of a
in the Wheat Ridge Town Center and/or
2. Acquire by lease, negotiated agreement or
exercise of the power of eminent domain the right to fee
simple interest or any other interest in real property
and personal property; ..."
WHEREAS, section III.E Subsection 4, PROPERTY ACQUISITION
provides as follows:
"The Authority may sell, lease or otherwise transfer real
property or any interest therein acquired by it as a part
of an urban renewal project for... commercial, industrial
or other uses or for public use in accordance with the
Urban Renewal Plan pursuant to the provisions of the
Urban Renewal Law of the state of Colorado, section 31-
25-106(1), C.R.S., as amended.";
WHEREAS, section III.E., Subsection 1 provides as follows:
"...EDARC shall exercise each or any of the powers set
forth in the section III. E., Subsections 1 through 6
inclusive, only upon the prior approval by a majority of
those members of the Wheat Ridge City Council present and
voting at a regular or special city council meeting.";
WHEREAS, Lee Ambrose, (the Redeveloper) has submitted a site
plan for approval by the Wheat Ridge Planning Commission and
City Council for the redevelopment of the
Park 'N Shop subdivision redevelopment Project located in the
vicinity of W. 38th Ave. and Wadsworth Blvd.; and
WHEREAS,
agreement
parties;
EDARC and the Redeveloper are
establishing the obligations of
negotiating an
the respective
NOW THEREFORE BE IT RESOLVED by the City council of the City
of Wheat Ridge as follows:
1. The Wheat Ridge city council hereby adopts and approves
the acquisition of any and all interests in real property necessary
to further the Park N Shop subdivision redevelopment Project, which
shall include but not be limited to, all leaseholds with terms
longer than one (1) year, existing after November 1, 1994, and
EDARC's exercise of the powers of real property acquisition
specified in the Colorado Urban Renewal Law, Title 31, Article 25,
Part 1, C.R.S., pending EDARC's approval of a redevelopment
agreement.
2. The Wheat Ridge City Council approve and authorize the
transfer of $250,000 from an unallocated fund to a budget account
for relocation and acquisition of properties.
DONE AND RESOLVED this --12!.h day of
July
1994.
~~
Dan wilde, Mayor
ATTEST:
rk