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RESOLUTION NO. 1281
Series of 1992
TITLE:
A RESOLUTION IN SUPPORT OF SB 172, A BILL FOR AN ACT
CONCERNING THE ESTABLISHMENT OF URBAN RENEWAL AUTHORI-
TIES
WHEREAS, Senate Bill 92-172 requires that a petition
for an urban renewal authority and for any proposed modification
of an urban renewal plan disclose the effect of such modification
on the property tax revenues received by the school district or
districts within the authority; and
Requires that the question of the establishment of an
authority and the modification of an urban renewal plan be
submitted to the qualified electors of the municipality and that
the expense of an election on such modification be paid by the
authority; and
Prohibits a city attorney from representing an
authority unless such authority consists of the governing body of
the municipality; and
Requires the governing body of the municipality to
review the urban renewal authority every five years to determine
the continuation or abolishment thereof; and
WHEREAS, Urban Renewal Authorities have historically
often have been ineffective in obtaining the required results;
and
WHEREAS, citizens must be given credit for their
ability to determine the advisability of the creation of an Urban
renewal Authority (given adequate information) and its effect on
taxpayers as well as the general well-being of their
neighborhoods;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Wheat Ridge, does hereby support Senate Bill 92-172
and encourage a favorable vote by the members of the Senate Local
Government Committee and the ultimate acceptance by the members
of the Senate and the House.
DONE AND RESOLVED this 10th
day of February, 1992.
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Ray J./ i,hger, Jr., 'Mayor
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Wanda Sang, citY/91erk
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