HomeMy WebLinkAboutResolution-1982-0809
RESOLUTION NO. 809
Series of 1982
TITLE:
APPROVING THE USE OF SALES TAX INCREMENT FUNDS GENERATED IN THE WADSWORTH
TOWN CENTER BY THE WHEAT RIDGE URBAN RENEWAL AUTHORITY, APPROVING PROJECTS FOR
THE LIMITED WADSWORTH TOWN CENTER PROJECT IN PROJECT APPROVAL #2, AND AUTHORIZING
AN INTERGOVERNMENTAL AGREEMENT WITH WRURA TO TRANSFER CONSTRUCTION RIGHTS AND
CONSTRUCTION EASEMENTS.
WHEREAS, the Wheat Ridge City Council approved the Limited Wadsworth Town
Center Project including the Urban Renewal Plan on December 14, 1982; and
WHEREAS, the Wheat Ridge Urban Renewal Authority passed resolutions on
September 1,1982, recommending Council approval of development projects and
funding within the Wadsworth Town Center;
NOW, BE IT THEREFORE RESOLVED that the Wheat Ridge City Council does
approve the following:
1. Project Approval #2 of the Limited Wadsworth Town Center Project,
which is made a part of this resolution. This authorizes the use of sales
tax increment funds by the Wheat Ridge Urban Renewal Authority (WRURA) and
approves construction of the connector drive and cleanup and modest develop-
ment of the Town Center Park under the management of the WRURA.
2. Authorization is hereby granted for the City Attorney to prepare an
intergovernmental agreement between WRURA and the City to transfer to WRURA
connector construction rights and construction easement rights from property
owners within the Wadsworth Town Center, and the Mayor is authorized to sign
such an agreement.
DONE AND RESOLVED this 13th day of September, A.D. 1982.
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FRANK SITES, MAYOR
ATTEST:
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CAROL' (f HAMPF, .'ci~,~/Z~~--
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INTER-GOVERNrJTEN'J:'AL AGREmmNT
THIS INTER-GOVERNMENTAL AGREEMENT made and executed this
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~ - day of October, 1982, by and beb,een THE CITY OF 1'J1:1EA'"
RIDGE, COLORADO, a ~lunicipal corporation (hereinafter referred
to as "the City") and the ,<-mEAT RIDGE URBAN RENEvJAL AUTHORITY,
a Quasi-l~nicipal corporation, organized and established by
virtue of a Resolution of the Wheat Ridge City Council (herein-
after referred to as "URA").
WIT N E SSE T II :
WHEREAS, the City Council of the City did approve Resolution
No. 809, Series of 1982, on september 13, 1982, whereby Project
Approval No. 2 of the limited '<iadsworth Town Center Proj ect was
given, and the Mayor was authorized to execute the within
Inter-Governmental Agreement;
WHEREAS, URA approved Resolution No. UR82-11 on September 1,
1982, whereby the Chairman was authorized to execute the within
Inter-Governmental Agreement;
WHEREAS, the parties wish to set forth in full their agree-
ment regarding the ownership and rights to develop the properties
described herein, which are located within the \vadsworth Town
Center Urban Renewal Project,
NOW, THEREFORE, for mutual consideration of the promises
contained herein, the parties do hereby agree as follows:
1. Certain real properties were purchased by the City pur-
suant to respective agreements of purchase and sale between
the City and 4020 Wadsworth Limited, a Colorado limited partner-
ship, and Randolph G. Currier and Clyde C. Currier, joint
venturers, which real property was purchased with funds from
the Wheat Ridge attributable share of the Jefferson County Open
Space Fund. The City retains all ownership rights of the prop-
erty purchased thereby.
2. Notwithstanding the retention of ownership by the City,
the City of .Jheat Ridge hereby assigns to URA the following
rights and duties, which rights and duties are accepted and
acknowledged by URA:
a. The City assigns to URA, and URA accepts the asslgn-
ment of, the right to construct a connector drive over
and upon properties described in the above mentioned
agreements of purchase and sale in paragraph ll(d) of the
Agreement with 4020 Wadsworth Limited and paragraph ll(d)
of each Currier contract pursuant to the terms set forth
in said respective contracts;
b. The right to develop a connector drive upon real
property owned by Eagle Land Company pursuant to an
agreement between Eagle Land Company and the City dated
August 19, 1982, and pursuant to an Agreement with the
Donna Dunaway, d/b/a Ditrec Corporation, a Texas Corporation,
and the City dated August 11, 1982 , pursuant to
the respective terms thereof;
c. The right to develop, In cooperation with
the staff of the City, the area purchased from 4020
Wadsworth Limited and Randolph G. and Clyde C. Currier
on August 31, 1982, pursuant to the Agreement of purchase
and sale, and any addenda thereto, executed and closed
upon by the respective parties.
3. URA hereby assigns to the City the sum of Ten Thousand
Dollars ($10,000), pursuant to URA Resolution UR82-10 dated
September 1, 1982, for the purpose of demolition of an existing
apartment building on the property purchased by the City on
August 31, 1982, which sum shall be repaid to URA upon reimburse-
ment to the City from the Open Space Fund. The Ten Thousand
Dollar ($10,000) amount specified herein has previously been
approved by the Wheat Ridge City Council as a portion of the
purchase price of said park property. URA further assigns all
its interest in and to the sum of Three Thousand Six Hundred
Eight Dollars ($3,608) from 4020 Wadsworth Limited, pursuant
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to a demolition contract entered into between URA and 4020
Wadsworth Limited to demolish an existing structure on the
property sold by 4020 Wadsworth Limited to the City. The City
agrees to pay the entire contract of demolition entered into
between URA and Arvada Excavating to accomplish the demolitions
described in this paragraph 3, said payment to be made from
the funds assigned hereby.
4. Pursuant to a previous Inter-Governmental Agreement
entered into between the parties on March 15, 1982, UPA may
make reasonable use of City personnel in the accomplishment
of the duties assigned by the City to URA pursuant to this
Inter-Governmental Agreement.
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THE CITY OF WHEAT RIDGE,
a Municipal corporation
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By ~---/f . '. L.j '-C-c
Frank Stites, Mayor
ATTEST:
WHEAT RIDGE URBAN RENEWAL AUTHORITY,
a Quasi-Municipal corporation
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By . ,,'. ,_ ,
Mary Cavarra, Chairperson
ATTEST:
APPROVED AS TO FOPY:
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",Xt . c r'~r.
City Attorney
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