HomeMy WebLinkAboutResolution 2008-0026
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO. 26
Series of 2008
TITLE:
A RESOLUTION AMENDING THE FISCAL YEAR 2008 CAPITAL
INVESTMENT PROGRAM FUND BUDGET TO REFLECT THE
APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION
IN AN AMOUNT NOT TO EXCEED $50,000 AND AUTHORIZING
THE WHEAT RIDGE URBAN RENEWAL AUTHORITY TO
UTILIZE THIS APPROPRIATION TO CONDUCT A BLIGHT
STUDY OF THE KIPLING CORRIDOR
WHEREAS, the Urban Renewal Law of Colorado (g31-25-101 et seq C.R.S.) authorizes
the analysis and consideration of factors within the City of Wheat Ridge to determine if blight
exists within certain areas of the City to utilize the provisions of the Urban Renewal Law to
eliminate and prevent blight and to develop and/or redevelop such areas for the economic and
social well being and public health, safety and welfare of the community; and
WHEREAS, City Council is desirous of such analysis to be undertaken to determine
whether factors of blight exist within the vicinity of the Kipling Corridor; and
WHEREAS, the Wheat Ridge Urban Renewal Authority was established by City
Council in 1977 to conduct such analysis; and
WHEREAS, twenty percent of the City's Lodger's Tax in the Capital Investment
Program Fund Budget is to be used for redevelopment and public improvements within the City;
and
WHEREAS, funds were not appropriated in the 2008 Budget for a Kipling Corridor
Blight Study and 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:
Section 1. The Wheat Ridge Urban Renewal Authority is authorized to conduct a
blight study of the Kipling Corridor; and
Section 2. The City of Wheat Ridge fiscal year 2008 Capital Investment Program
Fund Budget be amended accordingly, specifically transferring $50,000.00 from Capital
Investment Program undesignated reserves to account 30-610-700-725.
rJ-
DONE AND RESOLVED this 12.. day of tnCuA
I
.2008.
ATTEST-
Je1IJft 11.7 I ~
v U 10, Mayor
M~~erk
2