HomeMy WebLinkAboutResolution 2013-0039CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 39
Series of 2013
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2013
CAPITAL INVESTMENT PROGRAM BUDGET TO REFLECT
THE APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION IN THE AMOUNT OF $325,000 FOR THE
PURPOSE OF PROVIDING FUNDING TO RENEWAL
WHEAT RIDGE FOR THE PURCHASE OF PROPERTY AT
7690 W. 38TH AVENUE AND 3790 YUKON COURT
WHEREAS , on September 9 , 2013, the City of Wheat Ridge and Renewal Wheat
Ridge (the "Parties") entered into an Intergovernmental Agreement (IGA) for the
purpose of providing funding to Renewal Wheat Ridge for property acquisition ; and
WHEREAS, each Party is authorized by statute to acquire and dispose of real
property; and
WHEREAS, Renewal Wheat Ridge (RWR) entered into a purchase agreement
with The Bank of Denver (Louise , LLC) to acquire certain real property located within
the City of Wheat Ridge at 7690 W . 381h Avenue and 3790 Yukon Court; and
WHEREAS, RWR's purchase of the property is within the statutory power as an
urban renewal authority and is being made for the purpose of blight removal within the
City of Wheat Ridge; and
WHEREAS , the City wishes to assist RWR in its purchase of the property by
making available to RWR funds in the amount of the purchase price upon certain
conditions as more fully described in the IGA; and
WHEREAS , the Wheat Ridge Charter requires that amendments to the budget
be effected by the City Council adopting a Resolution.
NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council , that:
The City Council authorizes the transfer of $325 ,000 from the General Fund
undesignated reserves to account number 30-610-800-801 and amend the 2013 Fiscal
Year revenues accordingly.
DONE AND RESOLVED this 23rd day of September, 2013 . /) . ~ I C' A /;1 'jt t'
Jerf)' o #u1lf'o , Mayor
ATTEST:
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