HomeMy WebLinkAbout1978-015-02/07/1978-SETTING FORTH CERTAIN INTENTIONS OF THE CITY COUNCIL IN CONNECTION WITH THE PROPOSAL TO FORM A DOWNT + A�
RESOLUTION 78-15
OF THE COUNCIL OF THE CITY OF FORT COLLINS
SETTING FORTH CERTAIN INTENTIONS OF THE CITY
COUNCIL IN CONNECTION WITH THE PROPOSAL TO
FORM A DOWNTOWN IMPROVEMENT AUTHORITY
WHEREAS, the City Council has heretofore proposed the
formation of a Downtown Development Authority for the City
of Fort Collins and has scheduled an election on the question
of forming such Authority for February 21, 1978; and
WHEREAS, the reason for proposing the Downtown Develop-
ment Authority is to enable tax increment financing to be
used in connection with redevelopment of downtown properties;
and
WHEREAS, the Downtown Development Authority must be
formed under the appropriate provisions of state law, which
might include other purposes than those which the City
Council propose be accomplished by such an Authority; and
WHEREAS, the law providing for downtown authorities
also sets forth an administrative organization for such
authorities unless the necessary administration is provided
by other means, and
WHEREAS, the Council desires to set forth its intentions
and expectations concerning certain aspects of the proposal
to form a Downtown Development Authority.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF FORT COLLINS:
Section 1. The City Council hereby declares that it
does not intend to utilize the provisions contained in state
law relating to Downtown Development Authorities authorizing
a tax levy on behalf of such authorities. It is the intention
of the City Council that the proposed Downtown Development
Authority be used as the vehicle to provide tax increment
financing, and that no taxes be levied by, for or on behalf
of such Authority.
Section 2. It is the intention of the City Council
that the necessary administrative support for such Authority
be provided by the existing City administration, thereby
eliminating the need to employ a separate administration for
the proposed Authority.
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Section 3. It is not the intention of the City Council
in adopting this resolution to bind future City Councils of
the City to any course of action, and the City Council
recognizes that it could not purport to lit the authority
of future Councils in this manner. The City Council does,
however, desire that its intentions in proposing the formation
of a Downtown Development Authority be made a matter of
public record and, therefore, this resolution is adopted.
Passed and adopted at a regular meeting of the City
Council held this 7th day of February, A.D. 1978.
A STS Mayor ,
City Cler
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