HomeMy WebLinkAboutResolution 2015-0050TIT LE :
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. SO
Series of 2015
A RESOLUTION APPROVING A S UBSTANTIAL MODIFICATION TO
THE 1-70/KIPLING CORRIDORS URBAN RENEWAL PLAN TO
ALLOW FOR THE UTILIZATION O FT AX INCREMENT FINANCING
WHEREAS, the City Council of the City of Wheat Ridge has previously adopted the 1-
70/Kipling Corridors Urban Renewal Plan (the "Plan'');
WHE REAS, the City Council finds that modification of the Plan to commence the
collection of property tax increment is necessary based on the potential development that
necessitates the use of property tax increment;
WHEREAS, the City Council finds that the commencement of property tax increment
constitutes a substantial modification of the Plan;
WHEREAS, the City Council has complied with the requirements of the Urban Renewal
Law and particularly C.R.S. § 31 -25-107, regarding the adoption of a substantial modification to
the Plan;
WHE REAS, a public hearing on the substantial modification to the Plan was held before
the City of Wheat Ridge City Council on December 14. 2015; and
WHE REAS, at the public hearing, the City Council heard and received evidence
supporting the findings set forth in this Resolution and wishes to approve a substantial
modification to the Plan as set forth herein.
NOW, THEREFORE, BE IT RESOLVED by the Wheat Ridge City Council. that:
Section 1. Based on the evidence presented at the public hearing, the City Council of
the City of Wheat Ridge hereby finds and determines that:
(a) The conditions of blight as defined by C.R.S. § 31-25-103(2) and as set forth in
the Plan, are unchanged.
(b) There exist feasible methods for the relocation of individuals, families, and
business concerns in accommodations or areas suitable for their relocation.
(c) The City Council has taken reasonable efforts to provide written notice of the
public hearing to all property owners, residents and owners of business concerns in the
existing urban renewal area at their last known address of record at least thirty days prior
to the hearing. Such notice contained the information required by C.R.S. § 31 -25-1 07(3).
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(d) No more than 120 days have passed since the commencement of the first public
hearing on the substantial modification to the 1-70/Kipling Corridors Urban Renewal
Plan.
(e) The Plan (which is being substantially modified) does not contain property that
was included in a previously submitted urban renewal plan that the City Council failed to
approve.
(f) The 1-70/Kipling Corridors Urban Renewal Plan, as substantially modified by this
Resolution, confonns to the general plan of the City of Wheat Ridge as a whole.
(g) The I-70/Kipling Corridors Urban Renewal Plan, will afford maximum
opportunity, consistent with the sound needs of the City as a whole, for the rehabilitation
or redevelopment of the urban renewal area by private enterprise.
(h) The Wheat Ridge Urban Renewal Authority or the City of Wheat Ridge, will
adequately finance any additional county infrastructure and services required to serve
development in the urban renewal area during the applicable tax increment financing
period as set forth in C.R.S. § 31-25-1 07(9)(a)(II).
(i) The principal purpose for the substantial modification to the Plan is to facilitate
redevelopment in order to eliminate or prevent the spread of physically blighted areas.
G) The substantial modification to the Plan draws the boundaries of the area subject
to the Plan as narrowly as feasible to accomplish the planning and development
objectives for the 1-70/Kipling Corridors Urban Renewal Plan.
(k) The 1-70/Kipling Corridors Urban Renewal Plan, as substantially modified, does
not consist in its entirety of open land.
(I) The acquisition, clearance, rehabilitation, conservation, development or
redevelopment or a combination thereof of the Plan Area, pursuant to the 1-70/Kipling
Corridors Urban Renewal Plan, is necessary and in the best interests of the public health,
safety. morals, and welfare of the citizens of the City of Wheat Ridge.
Section 2. Based on the above findings, the City Council approves a substantial
modification to the Plan to commence the collection of property tax increment within the entirety
of the Plan area.
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