HomeMy WebLinkAboutResolution-1995-1474
RESOLUTION NO. 1474
TITLE: RESOLUTION AUTHORIZING EDARC TO ENTER INTO A RELOCATION
AGREEMENT WITH W AXMANS, INC. AND AUTHORIZING THE
TRANSFER OF FUNDS FOR RELOCATION.
WHEREAS, the Wheat Ridge City Council adopted the Wheat Ridge Town Center
Urban Renewal Plan (the "Plan") by Resolution 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, and
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:
3 Assist qualified businesses, tenants and occupants with moving and other
relocation expenses associated with redevelopment or rehabilitation in the project
area. "
WHEREAS, Section lII.E., Subsection 1 provides as follows:
". EDARC shall exercise each or any of the powers set forth in the Section lII.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. "
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat
Ridge, Colorado as follows:
1 The Wheat Ridge City Council hereby approves and authorizes EDARC to enter
into a Relocation Agreement with Waxmans, Inc. as generally outlined in the attached memo
This approval shall also include authorization for EDARC to expend, distribute, share or use tax
increment funds as financing resources for the project.
2. The Wheat Ridge City Council approves the transfer and expenditure of EDARC
funds to a budget account for purposes of relocation ofWaxmans.
DONE AND RESOLVED this 12tl'day ofJune, 1994
ATTEST
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WANDA SANG, CITY'--:CLERK
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DAN WILDE, MAYOR