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HomeMy WebLinkAbout046 - 04/21/1981 - CREATING AND ESTABLISHING A DOWNTOWN DEVELOPMENT AUTHORITY IN THE CITY ORDINANCE NO. 46 , 1981 AN ORDINANCE CREATING AND ESTABLISHING A DOWNTOWN DEVELOPMENT AUTHORITY IN THE CITY OF FORT COLLINS, COLORADO . WHEREAS, by Ordinance No. 14, 1981 the Council of the City of Fort Collins , Colorado , has heretofore determined to establish a downtown development authority in the City of Fort Collins, Colorado ; and WHEREAS, pursuant to said Ordinance a special election was held in the City of Fort Collins , Colorado , on Tuesday, March 17, 1981, wherein the following question was submitted to the electors entitled to vote thereon: Shall a Downtown Development Authority be formed pursuant to Part 8 of Article 25 of Title 31, Colorado Revised Statutes , 1973, as amended , and the 1979 Cumulative Supplement thereto , thereby empowering the Council of the City of Fort Collins to assess , levy and collect an ad valorem tax upon the taxable property within the jurisdiction of the Authority not to exceed 5 mills for the use and benefit of the Authority, said Authority to exercise its powers within a District in the City of Fort Collins to be bounded as follows : Beginning at the center of the intersection of College Avenue and Laurel Street, thence Westerly to the intersection of the centerline of Laurel Street with the centerline of the alley in Block 116 extended, thence Northerly along the centerline of the alleys in Blocks 116 and 115 to the center of Mulberry Street, thence Westerly along said centerline to the intersection of Mulberry Street and Howes Street , thence Northerly to the intersection of Howes Street and Magnolia Street , thence Westerly along said centerline to the intersection of Magnolia Street and Meldrum Street, thence Southerly along said centerline to the intersection of Meldrum Street and Mulberry Street, thence Westerly along said centerline to the intersection of Mulberry Street and Whitcomb Street, thence Northerly along said centerline to the intersection of Whitcomb Street and Magnolia Street , thence Easterly along said centerline to the intersection of Magnolia Street , Sherwood Street , and Canyon Avenue , thence Northeasterly along the centerline of Canyon Avenue to the intersection of said centerline and the lot line between Lot 5 and Lot 6 of Block 83 extended , thence Northwesterly along said lot line 123. 1 feet , thence Northwesterly 86 feet to a point 50 feet Easterly from the Northwest corner of Block 83, thence Northerly 50 feet to the centerline of Olive Street , thence Easterly to the intersection of the centerline of Olive Street , and the extension of centerline of alley in Block 82, thence Northerly along alley centerlines through Blocks 82 , 81 , and 51 to the intersection of alley centerline and North lot line of Lot 5, Block 51 extended, thence Easterly along said lot line to the centerline of Meldrum Street, thence Northerly along said centerline to the Southerly right-of-way line of the Colorado and Southern Railroad , thence Northwesterly, along said right-of-way line , to the centerline of Sherwood Street , thence Northerly on said centerline to the intersection of Elm Street and Sherwood Street , thence Easterly along the North line of Blocks 55, 45, and 35 to the Northeast corner of Block 35, thence Northerly to the Northwest corner of Block 26 , thence Easterly along the North line of Block 26, to the centerline of College Avenue , thence continuing Easterly along the centerline of Vine Drive to the North 1/4 corner of Section 12, T7N, R69W of the Sixth P.M. , thence Southerly along the East line of the West 1/2 of said Section 12 to the intersection with the City of Fort Collins City Limits line , thence Westerly along said City Limits to the Southwesterly bank of the Cache la Poudre River , thence continuing along said City Limits and bank of river Southeasterly to the intersection with the said East line of West 1/2 of Section 12, thence continuing along said City Limits Southerly to the Northerly right-of-way of Riverside Avenue as originally platted , said right-of-way also being the City Limits , thence Southeasterly along said City Limits to the Southerly right-of-way of Mulberry Street , thence Westerly along said Southerly right-of-way to the Westerly right-of-way of Riverside Avenue , thence Northwesterly along said Westerly right-of-way to the Southerly right-of-way of Mountain Avenue , thence Westerly along said Southerly right-of-way to the property line between Lots 3 and 4 of Block 141, thence Southerly along said lot line to the center of the alley in Block 141, thence Westerly along center of said alley to a point 20 feet West of the Northeast corner of Lot 17 , Block 141, thence Southerly along a line parallel to and 20 feet Westerly from the East line of said Lot 17 , to the center of Oak Street, thence Westerly along the centerline of Oak Street to the intersection of said centerline and the extension of the centerline of an alley in Block 132, thence Southerly along the centerline of said alley to a point 10 feet South of the Northwest corner of Lot 2, thence Easterly and parallel to the North line of Lot 2 to the centerline of Mathews Street, thence Southerly to the center of the intersection of Mathews Street and East Olive Street , thence Westerly to the intersection of East Olive Street and Remington Street , thence Southerly along said centerline to the intersection of Remington Street and Mulberry Street , thence Westerly along the centerline of Mulberry Street to the intersection of the extension of the centerline of the alley in Block 125, thence Southerly on centerlines of alleys through Blocks 125 and 126 to the centerline of Laurel Street , thence Westerly on said centerline to the point of beginning . Block E, F, G; Block 1, 2, 3, 4, 6 , 7, 8 , 9 , 10, 11, 12, 13, 14, 15, 18, 19, 21, 22, 23, 24 , 25, 26 , 31, 32, 33, 34, 35, 41 , 42, 43, 44 , 45, 55, except the portion Southwest of the Southerly right-of-way of the C & S Railroad , 74 , 84 , 91, 92, 93, 101, 102, 103 , 104, 111, 112, 113, 114 , 121, 122, 123, 124 , 131; Lots 1, 2, 3, 4, and 5 of Block 51 ; the East 1/2 of Block 81 , the East 1/2 of Block 82; Lots 1, 2, 3, 4 and 5 except the portion in the Northwest corner of Block 83 ; the East 1/2 of Block 115; the East 1/2 of Block 116; the West 1/2 of Block 125 ; the West 1/2 of Block 126 ; the West 1/2 and Lots 1 and 2 less the Northerly 10 feet of Lot 2 of Block 132; Lots 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 and the West 30 feet of Lot 17 of Block 141; and all of the Northwest 1/4 of Section 12, Township 7 North, Range 69 West , not previously mentioned; also all of the railroad rights-of-way located in the Southwest 1/4 of Section 12, Township 7 North , Range 69 West; all in the City of Fort Collins , Colorado , according to the Town Plat dated January 16 , 1873 , and recorded January 18 , 1873, in the office of the Larimer County Clerk and Recorder . and WHEREAS, the returns of said election have been duly canvassed , and the Board of Elections of the City of Fort Collins , Colorado, has determined that a majority of the qualified electors voting on said question cast ballots in favor thereof . BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS, COLORADO, THAT: -d- 1. There is hereby created and established pursuant to part 8 of article 25 of title 31, Colorado Revised Statutes 1973, as amended, a downtown development authority in the City of Fort Collins , Colorado , to be known as the "Fort Collins, Colorado , Downtown Development Authority. " 2. Said authority shall be a body corporate with all the purposes and powers now or hereafter authorized by part 8 of article 25 of title 31 , Colorado Revised Statutes 1973 , as amended , and all additional and supplemental powers necessary or convenient to carry out and effectuate the purposes and provisions of said part 8 . 3. Said authority shall exercise its powers within the area bounded as follows : Beginning at the center of the intersection of College Avenue and Laurel Street, thence Westerly to the intersection of the centerline of Laurel Street with the centerline of the alley in Block 116 extended , thence Northerly along the centerline of the alleys in Blocks 116 and 115 to the center of Mulberry Street, thence Westerly along said centerline to the intersection of Mulberry Street and Howes Street, thence Northerly to the intersection of Howes Street and Magnolia Street, thence Westerly along said centerline to the intersection of Magnolia Street and Meldrum Street, thence Southerly along said centerline to the intersection of Meldrum Street and Mulberry Street , thence Westerly along said centerline to the intersection of Mulberry Street and Whitcomb Street, thence Northerly along said centerline to the intersection of Whitcomb Street and Magnolia Street, thence Easterly along said centerline to the intersection of Magnolia Street, Sherwood Street, and Canyon Avenue, thence Northeasterly along the centerline of Canyon Avenue to the intersection of said centerline and the lot line between Lot 5 and Lot 6 of Block 83 extended , thence Northwesterly along said lot line 123. 1 feet , thence Northwesterly 86 feet to a point 50 feet Easterly from the Northwest corner of Block 83 , thence Northerly 50 fee* to the centerline of Olive Street, thence Easterly to the intersection of the centerline of Olive Street , and the extension of centerline of alley in Block 82, thence Northerly along alley centerlines through Blocks 82 , 81 , and 51 to the intersection of alley centerline and North lot line of Lot 5, Block 51 extended, thence Easterly along said lot line to the centerline of Meldrum Street, thence Northerly along said centerline to the Southerly right-of-way line of the Colorado and Southern Railroad , thence Northwesterly, along said right-of-way line , to the centerline of Sherwood Street, thence Northerly on said centerline to the intersection of Elm Street and Sherwood Street, thence Easterly along the North line of Blocks 55 , 45, and 35 to the Northeast corner of Block 35, thence Northerly to the Northwest corner of Block 26 , thence Easterly along the North line of Block 26 , to the centerline of College Avenue , thence continuing Easterly along the centerline of Vine Drive to the North 1/4 corner of Section 12, T7N, R69W of the Sixth P.M. , thence Southerly along the East line of the West 1/2 of said Section 12 to the intersection with the City of Fort Collins City Limits line, thence Westerly along said City Limits to the Southwesterly bank of the Cache la Poudre River , thence continuing along said City Limits and bank of river Southeasterly to the intersection with the said East line of West 1/2 of Section 12, thence continuing along said City Limits Southerly to the Northerly right-of-way of Riverside Avenue as originally platted , said right-of-way also being the City Limits , thence Southeasterly along said City Limits to the Southerly right-of-way of Mulberry Street, thence Westerly along said Southerly right-of-way to the Westerly right-of-way of Riverside Avenue, thence Northwesterly along said Westerly right-of-way to the Southerly right-of-way of Mountain Avenue, thence Westerly along said Southerly right-of-way to the property line between Lots 3 and 4 of Block 141, thence Southerly along said lot line to the center of the alley in Block 141, thence Westerly along center of said alley to a point 20 feet West of the Northeast corner of Lot 17, Block 141, thence Southerly along a line parallel to and 20 feet Westerly from the East line of said Lot 17, to the center of Oak Street, thence Westerly along the centerline of Oak Street to the intersection of said centerline and the extension of the centerline of an alley in Block 132, thence Southerly along the centerline of said alley to a point 10 feet South of the Northwest corner of Lot 2, thence thence Easterly and parallel to the North line of Lot 2 to the centerline of Mathews Street, thence Southerly to the center of the intersection of Mathews Street and East Olive Street, thence Westerly to the intersec- tion of East Olive Street and Remington Street, thence Southerly along said centerline to the intersection of Remington Street and Mulberry Street, thence Westerly along the centerline of Mulberry Street to the intersection of the extension of the centerline of the alley in Block 125, thence Southerly on centerlines of alleys through Blocks 125 and 126 to the centerline of Laurel Street, thence Westerly on said centerline to the point of beginning. Block E, F, G; Block 1, 2, 3, 4, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 18, 19, 21, 22, 23, 24, 25, 26, 31, 32, 33, 34, 35, 41, 42, 43, 44, 45, 55, except the portion Southwest of the Southerly right-of-way of the C & S Railroad, 74, 84, 91, 92, 93, 101, 102, 103, 104, 111, 112, 113, 114, 121, 122, 123, 124, 131; Lots 1, 2, 3, 4, and 5 of Block 51; the East 1/2 of Block 81, the East 1/2 of Block 82; Lots 1, 2, 3, 4 and 5 except the portion in the Northwest corner of Block 83; the East 112 of Block 115; the East 1/2 of Block 116; the West 1/2 of Block 125; the West 1/2 of Block 126; the West 1/2 and Lots 1 and 2 less the Northerly 10 feet of Lot 2 of Block 132; Lots 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16 and the West 30 feet of Lot 17 of Block 141; and all of the Northwest 1/4 of Section 12, Township 7 North, Range 69 West, not previously mentioned; also all of the railroad rights-of-way located in the Southwest 1/4 of Section 12, Township 7 North, Range 69 West; all in the City of Fort Collins, Colorado, according to the Town Plat dated January 16, 1873, and recorded January 18, 1873, in the office of the Larimer County Clerk and Recorder. 4. Members of the board of said authority shall be appointed here- after by Resolution of the City Council . -6- 5. Any ordinance or resolution by which bonds are hereafter issued pursuant to part 8 of article 25 of title 31, Colorado Revised Statutes 1973, as amended , shall specify the maximum net effective interest rate of such bonds . 6. All actions not inconsistent with the provisions of this Ordinance heretofore taken by the officers of the City of Fort Collins , Colorado , whether elected or appointed , directed towards the creation and establishment of a downtown development authority and the appointment of the board thereof, are hereby ratified , approved and confirmed . 7. All ordinances or resolutions or parts thereof in conflict with this Ordinance are hereby repealed, except that this repealer shall not be construed to revive any ordinance , resolution or part thereof heretofore repealed . 8. If any section , paragraph , clause or provision of this Ordinance shall for any reason be held to be invalid or unenforceable , the invalidity or unenforceability of such section , paragraph , clause or provision will not effect any of the remaining sections , paragraphs , clauses or provisions of this Ordinance . INTRODUCED, READ, APPROVED ON FIRST READING, AND ORDERED PUBLISHED ONCE IN FULL THIS 31st day of March, 1981 . CITY OF FORT COLLINS , COLORADO By (CITY) M (SEAL) ATTEST: City y Clerk The foregoing Ordinance will be presented for final passage at a regular meeting of the Council to be held at Council Chambers , City Hall , 300 LaPorte Avenue , Fort Collins , Colorado , on Tuesday, the 21st day of April 1981, at 5: 30 p.m. READ, FINALLY PASSED ON SECOND READING , AND ORDERED PUBLISHED ONCE BY NUMBER AND TITLE ONLY this 21st day of April , 1981 . CITY OF FORT COLLINS, COLORADO By (CITY) Mayo (SEAL) ATTEST: C1t' y Cler`k _A_