HomeMy WebLinkAboutResolution-1994-1425
RESOLUTION NO. 1425
Series of 1994
TITLE:
RESOLUTION AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO
EXECUTE AN "INTERGOVERNMENTAL AGREEMENT" BY AND BETWEEN
THE COUNTY OF JEFFERSON, STATE OF COLORADO AND THE CITY
OF WHEAT RIDGE, COLORADO, REGARDING THE ADMINISTRATION OF
THEIR RESPECTIVE DUTIES CONCERNING THE CONDUCT OF THE
COORDINATED ELECTION TO BE HELD ON NOVEMBER 8, 1994.
WHEREAS, the City of Wheat Ridge, Colorado, and the
County of Jefferson, State of Colorado, desire to clarify their
respective duties concerning the conduct of the coordinated
election to be held on November 8, 1994; and
WHEREAS, the parties have negotiated an Intergovernmental
Agreement which sets forth the respective duties of the parties for
the coordinated election to be held on November 8, 1994;
necessary
Agreement
WHEREAS, due to the
for the parties to
on or before September
provisions of
execute this
9, 1994;
HB 1255, it is
Intergovernmental
WHEREAS, pursuant to the terms of said Intergovernmental
Agreement, the City of Wheat Ridge adopts the Uniform Election Code
in lieu of the Municipal Election Code and the City's Charter,
solely for the purposes of conducting the coordinated election to
be held on November 8, 1994; and
WHEREAS, the City will participate
election in accordance with the terms and
Intergovernmental Agreement.
in the coordinated
conditions of the
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Wheat Ridge that the appropriate City officials are hereby
authorized to execute the Intergovernmental Agreement by and
between the City of Wheat Ridge and the County of Jefferson
regarding the administration of the parties ' respective duties
concerning the conduct of the coordinated election to be held on
November 8, 1994.
DONE AND RESOLVED on this 22nd day of Au(]ust
1994.
ATTES~ 1 I
3Ja",i.-73J /~ ]
Wanda Sang, City Clerk ,
~~
Dan Wilde, Mayor
/
_ E"xf;,J,.t 4-
OUTLINE OJ'
DISPOSITION AND REDEVELOPMENT AGREEMENT
FOR PARK 'N SHOP REDEVELOPMENT
BETWEEN
EDARC AND LEE AMBROSE ET AL.
1. The most important thing to note is that this is still
being negotiated and therefore the provisions stated in this
outline may change to reflect legal concerns etc. This is just a
synopsis since the actual agreement is 40 pages plus exhibits.
2. The first part of the Agreement states the reasons for
the project as well as the process for choosing the Redeveloper.
3. subject to the Redeveloper contingencies and subject to
the times set forth in the Schedule of Performance, the Redeveloper
is obligated to construct and/or remodel the Park 'N Shop
subdivision as provided in the site plan submitted for approval.
Prior to the time of constructio~, the Redeveloper is obligated to
demolish and clear all existing improvements, although this may be
phased. The Redeveloper also is obligated for site improvements
such as drainage, utility relocation etc.
4. Subject to the Authority contingencies and subject to the
times set forth in the Schedule of Performance, the Authority is
obligated to acquire the Vectra Bank vacant parcel and the
leaseholds in the Park 'N Shop subdivision that are longer than the
time necessary to redevelop the property. The Authority, subject
to the contingencies shall also be solely responsible for
relocation of businesses subject to the Relocation Handbook adopted
pursuant to the Wheat Ridge Town Center Urban Renewal Plan. The
Authority will build Public Improvements for the project which may
include the construction of an accel/decel lane on Wadsworth Blvd.
and a traffic signal on W. 38th Ave. if it is warranted.
5. The Authority will reimburse, in part, the Redeveloper
for expenses incurred in the demolition and site preparation
including the relocation of utilities, drainage, modification of
lighting and landscaping etc.
6. In furtherance of the redevelopment of the proj ect by the
Redeveloper, the Authority shall expend a maximum total sum of
Seven Hundred Fifty Thousand Dollars ($750,000) to fulfill its
obligations of relocation, Authority acquisition of property,
public improvements and reimbursement, in part, of demolition and
site preparation.
7. In addition, the Redeveloper shall receive an amount
equal to the property tax increment, if any, generated by this
Project for the remaining years that EDARC is allowed to capture
property tax increment, provided that this is subject to annual
appropriation by EDARC and in no event shall it exceed Seven
Hundred and Fifty Thousand Dollars ($750,000). This amount shall
be reimbursement for the cost of public related aspects which
I
include facia, signs, landscaping, parking lot improvements etc.
8. The Redeveloper will covenant that it shall begin
construction and diligently complete the development of the Project
in accordance with the Agreement and the Schedule of Performance.
9. The Redeveloper covenants that he will not discriminate,
nor is he doing this redevelopment project for speculation.
Therefore he cannot transfer the property or the majority interest
in the partnership until the Project is completed.
10. The Redeveloper is required to notify the Authority of
any encumbrances upon the Property.
11. Redeveloper contingencies include, (1) the inability to
resolve the access issues on Wadsworth Blvd. between the state
Department of Transportation and Safeway, Inc., (2) the Redeveloper
is unable to obtain financing, (3) the Authority is unable to
acquire the Property within the time specified, and (4) termination
of the lease between the Redeveloper and Safeway, Inc.
12. The Authority's are basically the same. They include the
access issue, the acquisition of property issue, the Redeveloper
not commencing construction and the termination of the lease
between Redeveloper and Safeway, Inc.
13. A grace period of 60 days is allowed for default. If
this is not corrected in the event of a Redeveloper's default the
Authority can recover the money it has expended or seek specific
performance.
14. There are numerous definitions and miscellaneous comments
which include severability, anti -discr imina tion, no conf lict of
interest etc.
15. A Schedule of Performance is still being negotiated.
Upon completion of negotiation of this Agreement, and EDARC's
adoption of the Agreement, EDARC will provide city council with the
statutory required notice of intent to sign the Agreement (10 days
before it can be signed).
d-
Exhib;t ]3
WHEAT RIDGE ;rn CENTER URBAN RENEWAL PrtClJECT
1994 AMENDED ANNUAL BUDGET AND 1995 ANNUAL BUDGET
FUND 37
/
Reserves
Interest
Sales Tax Increment
Property Tax Increment
BUDGET ACTUAL
1993 1993
530,994
20,000
o
130,494
530,994
16,617
o
109,557
BUDGET PROPOSE~
1994 1994 BUDGET
602,775
20,000
o
107,844
602,775
20,000
o
105,000
TOTAL REVENUES
--------- ------- --------- -----------
--------- ------- --------- -----------
727,775
681,488 657,168
730,619
BUDGET
1995
125,06
3,00
100,00
------
------
EXPENSES
--------- ------- --------- ----------- ------
--------- ------- --------- ----------- ------
228,06
600
602 Salaries and Wages
617 Temporary Personnel
620 FICA Expense Employer
641 City Provided Personnel
TOTAL PERSONAL SERVICES
650
651 Misc. Office Supplies
654 Photocopy & Printing Ex
655 Postage Costs
660 Operating Supplies
TOTAL MATERIALS/SUPPLIES
700
702 Conference & Mtg Exp.
740 Auto Mileage Reimb.
750 Professional Services
758 Payment to General Fund
776 Equipment Maintenance
799 Bank Service Charges
TOTAL OTHER SERV & CHARGE
800
802 Office Furniture
Prop Tax Prior Yr Adj.
Acquisiton & Relocation
Demolition & Site Prep
Public Improvements
Account Payable--Safewa
Unallocated
TOTAL EXPENSES
RESERVE TRANSFERS & EXPEN
TOTAL SPENDING
18,000
8,500
1,350
o
18,115
o
1,033
230
27,850 19,378
200
800
700
500
2,200
1,500
150
45,000
2,000
200
600
49,450
o
o
o
o
o
o
70,994
11
279
228
16
534
o
o
3,831
2,000
o
164
5,995
231
28,486
o
o
o
o
o
18,000
o
1,350
o
19,350
200
800
700
500
2,200
1,000
100
10,000
2,000
200
160
13,460
o
o
250,000
o
o
10,000
o
------- ------- -------
70,994 28,486 260,000
-------- -------- -------
150,494 54,393
517,188 602,775
295,010
435,609
18,000
o
1,350
o
19,350
200
500
500
o
1,200
o
o
20,000
2,000
o
160
22,160
o
o
250,000
300,000
o
10,000
o
18,00
1,35
19,35
20
80'
55'
1,55'
3,00'
2,00'
16e
5,16(
(
(
(
C
200,00C
C
2,00~
560,000 202,00~
602,710
125,065
228,06~
C
--------- ------- --------- ----------- -------
--------- ------- --------- ----------- -------
667,682 657,168
730,619
727,775
228,06~
--------- ------- --------- ----------- -------
--------- ------- --------- ----------- -------