HomeMy WebLinkAbout1986-133-08/05/1986-DOWNTOWN DEVELOPMENT AUTHORITY ROBINSON PIERSAL PLAZA PROJECT RESOLUTION 86-133
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING PARTICIPATION IN THE
ROBINSON PIERSAL PLAZA PROJECT LOCATED
AT THE CORNER OF MULBERRY STREET AND COLLEGE AVENUE
BY THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY
WHEREAS, the Fort Collins Downtown Development Authority has been duly
organized in accordance with CRS 31-25-804, Colorado Revised Statutes, 1973
as amended; and
WHEREAS, R.P. Plaza, a Colorado Joint Venture, has proposed the
construction of new commercial space and new housing referred to as the
Robinson Piersal Plaza project, on the block bounded by East Mulberry
Street, South College Avenue, East Magnolia Street, and Remington, Fort
Collins, Colorado; and
WHEREAS, said properties lie within the Downtown Development Authority
district; and
WHEREAS, said project meets with the goals and objectives as
established by the Downtown Development Authority Plan of Development and
the City of Fort Collins Comprehensive Plan; and
WHEREAS, R.P. Plaza, a Colorado Joint Venture, and the Fort Collins
Housing Authority have satisfactorily demonstrated that as a part of the
project, 67 units of elderly housing, thirty percent (30%) of which are to
be exclusively reserved for low-income residents, shall be built as a part
of the Robinson Piersal Plaza project; and
WHEREAS, through execution of certain agreements between the Fort
Collins Housing Authority and R.P. Plaza, a Colorado Joint Venture, the
Fort Collins Housing Corporation, a wholly owned subsidiary of the Fort
Collins Housing Authority, shall master lease and manage the elderly
housing portion of the Robinson Piersal Plaza project.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, that it hereby approves the participation of the Downtown
Development Authority in the amount of $850,000, for offsite public
improvements (including sidewalks, retaining walls, utility relocation,
College Avenue improvements) and onsite improvements for underground
parking associated with the Robinson Piersal Plaza project.
Passed and adopted at a regular meeting of the City Council held this
5th day of August, 1986.
Mayer
14
ATTEST:
4
City Clerk