HomeMy WebLinkAbout1976-070-10/26/1976-SETTING FORTH THE INTENT OF THE CITY COUNCIL ON CERTAIN MATTERS CONNECTED WITH THE DOWNTOWN IMPROVEM RESOLUTION 76-70
OF THE COUNCIL OF THE CITY OF FORT COLLINS
SETTING FORTH THE INTENT OF THE CITY COUNCIL
ON CERTAIN MATTERS CONNECTED WITH THE
DOWNTOWN IMPROVEMENT PROJECT AND DOWNTOWN
IMPROVEMENT DISTRICT NO 1 AND CITY OF FORT
COLLINS GENERAL IMPROVEMENT DISTRICT NO 1
WHEREAS, heretofore extensive studies and planning have
been conducted by the City and other interested groups
pertaining to the downtown area of the City of Fort Collins
and
WHEREAS as a result of such studies and planning,
plans have been developed for the improvement of the downtown
area which include improvements to the streets and other
public areas designed to afford better pedestrian access and
amenities and additional parking facilities to serve the
downtown area and
WHEREAS the City is forming a special improvement
district known as Downtown Improvement District No 1 and a
general improvement district known as City of Fort Collins
General Improvemeni District No 1 which districts are the
vehicles for the acquisition, construction and financing of
the improvements contemplated for the downtown area and
WHEREAS the City Council has made certain commitments
and has certain intentions with relation to said districts
and the implementation of the plans for improvement of the
downtown area which should be established and set out as a
matter of record in the proceedings of the City Council
NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF FORT COLLINS
Section 1 The City Council recognizes that the improve-
ments to be acquired and installed are improvements designed
to enhance the area as a business and commercial area the
business and commercial endeavors to be benefited including
retail wholesale, manufacturing and rental endeavors The
City Council further recognizes that within the area of the
special improvem(-lit district there are single family residences
maintained in such single family configuration The City
Council further recognizes that the property is zoned under
the zoning ordinances of the City so that a more commercial
use can be made of any single family residential property
within the boundaries of the district It is the opinion
and finding of the City Council that properties now devoted
to single family use will receive substantial benefits from
the improvements to be installed in the district (both
immediate and future) but that it will be more equitable if
payment of the assessments for such properties is deferred
until such time as the properties are converted to a more
commercial use Therefore, the City Council hereby establishes
its intention to defer assessments on account of the special
improvement district against properties maintained in a
single family configuration Such deferral will be accomplished
by a program whereby owners of such properties may apply to
the City for relief and the City will make the installment
payments due within the district in connection with such
properties, provided the owner of the properties agrees to
repay all such payments at such time as the use of the
property is changed from a single family use A lien on the
property to secure this obligation will be required in
connection with any deferment granted
Section 2 It is further the finding and opinion of
the City Council that although the improvements to be installed
in the general improvement district will ultimately benefit
properties maintained in a single family configuration, any
tax to be levied by the general improvement district should
not apply to properties maintained in a single family configura-
tion until such time as such properties are converted to
other uses Therefore, it is the intention of the City
Council in forming the general improvement district that the
district will give a rebate to such property owners of all
amounts paid as taxes into the district so long as the
property is maintained in such a single family configuration
Section 3 One of the purposes of forming the general
improvement district is the acquisition of parking facilities
The City Council recognizes that many property owners in the
district have provided their own parking It is the finding
of the City Council that such private parking reduces the
need for parking improvements within the area of the district
and that the elimination of such parking would require
substantially more parking improvements and cost in the
district Therefore the City Council hereby sets forth its
finding and determination that a payment should be made from
funds of the general improvement district to owners of
property reserved and used for parking equal to 1-1/2 cents
per square foot of paved parking lot and 1/2 cents per
square foot of graveled parking lot
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Section 4 Although the proceedings establishing the
general improvement district do not establish a maximum
amount to be expended for the improvements to be installed
in the district, it is the intent, and the City Council
hereby sets forth that intent, that the improvements to be
installed in the district shall not exceed a cost of $1,100, 000 00
to the extent that such improvements are paid for with funds
generated by the district through taxes levied, which maximum
costs shall include the cost of the improvements and all
allied costs of the district including administration
interest during construction, bond costs, architects or
engineering costs, and the like
Section 5 The City Council recognizes that the cost
of the improvements to be constructed through the general
improvement district and the special improvement district is
estimated to exceed the maximum amount to be expended through
the two districts It is the intention of the City Council
that the City will make up any excess costs up to a maximum
excess of $350, 000 00, with funding for such City costs to
come from the seven year capital improvement program and
federal community development funds received by the City as
an entitlement city
Passed and adopted at an adjourned meeting of the City
Council held this 26th day of October, A D 1976
ATTES Mayor 0
City Clerk-
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