HomeMy WebLinkAbout2020-106-12/01/2020-CONSENTING TO THE DISSOLUTION OF BLOCK 23 METROPOLITAN DISTRICT NOS. 1-2 RESOLUTION 2020-106
OF THE COUNCIL OF THE CITY OF FORT COLLINS
CONSENTING TO THE DISSOLUTION OF BLOCK 23
METROPOLITAN DISTRICT NOS. 1-2
WHEREAS, Block 23 Metropolitan Districts Nos. 1-2 (the "Districts") were created by
Orders and Decrees entered by the Larimer County District Court in December 2016; and
WHEREAS, the Districts operate pursuant to a service plan approved by the City Council
on September 27, 2016, in Resolution 2016-075 (the "Service Plan"); and
WHEREAS, the Districts currently exist solely in an administrative capacity under the
Service Plan and are not authorized to impose a property tax mill levy or issue debt to finance the
public improvements to support the project outlined in the Service Plan, so the purposes for which
the Districts were created have not been commenced; and
WHEREAS, the Boards of Directors of the Districts (the "Boards") have determined it is
in the best interest of the Districts to file a Petition for Dissolution with the Larimer County District
Court pursuant to Section 32-1-701, et seq., of the Colorado Revised Statutes ("C.R.S.") as set
forth in the attached"Joint Resolution of the Boards of Directors of Block 23 Metropolitan District
Nos. 1 & 2 Approving the Dissolution of the Block 23 District Nos. 1 & 2" dated October 21,
2020, attached hereto as Exhibit "A" and incorporated herein by reference (the `Boards'
Dissolution Resolution"); and
WHEREAS,as represented in the Boards' Dissolution Resolution,the Districts do not have
any outstanding bonds, indebtedness or other financial obligations and they have not constructed
any public improvements nor provided any services pursuant to the Service Plan, and the Districts
have no assets; and
WHEREAS,C.R.S. Section 32-1-704(3)(b)provides that a district court may enter an order
dissolving a metropolitan district without an election if (i) the district lies wholly within the
corporate limits of a municipality, (ii)the district has no financial obligations or outstanding bonds,
and (iii) the metropolitan district's board and the governing body of the municipality consent to
the dissolution; and
WHEREAS, the City Council is in receipt of and has reviewed such documentation as it
deems necessary, is supportive of the dissolution of the Districts, and consents to the dissolution
of the Districts in this Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT COLLINS, COLORADO as follows:
Section 1. That the City Council hereby adepts as findings and determinations the
recitals state above.
-1-
Section 2. That pursuant to and in accordance with C.R.S. Section 32-1-704(3)(b), the
City Council hereby consents to the dissolution of the Districts.
Section 3. That the City Manager and the City Attorney are authorized and directed to
take any and all actions necessary or appropriate to effectuate the provisions of this Resolution for
the dissolution of the Districts.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 1st
day of December, A.D. 2020.
(:ayvor:
ATTEST:
Q�faRr.o
- - - -- " SEAM, ;�►
ity Cl ?
cD�DFtAQQ