HomeMy WebLinkAbout09126RESOLUTION NO. 9126
A RESOLUTION AUTHORIZING AND DIRECTING
TRANSFER OF FUNDS FOR THE EL PUEBLO PROJECT
WHEREAS, the City Council has heretofore authorized the acquisition of property for
the El Pueblo project pursuant to Resolution No. 8190; and
WHEREAS, it is necessary and appropriate to transfer funds therefore from the General
Fund's Prior Year Fund balance for said acquisition, together with fees, costs of demolition,
miscellaneous expenses, and contingencies; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1
Funds required for property acquisition, fees, demolition, miscellaneous expenses, and
contingencies for the El Pueblo Project, in the amount of $200,000, shall be transferred from the
General Fund's Prior Year Fund balance.
SECTION 2
This resolution shall become effective upon final passage.
INTRODUCED: SEPTEMBER 25, 2000
BY: Robert Sch i 11 i n
C NCIL P N
APPROVED:
RESIDENT OF CITY COUNCIL
ATTEST:
TY CLERK
Council Agenda Agenda Item #
TITLE: A RESOLUTION AUTHORIZING AND DIRECTING
TRANSFER OF FUNDS FOR THE EL PUEBLO PROJECT
DEPARTMENT: Planning and Development DATE: September 25, 2000
ISSUE Should the City Council authorize and direct the transfer of funds for the El Pueblo
Project?
BACKGROUND The City Council has authorized, by Resolution No. 8190 dated July 28,
1997, the acquisition of 207 N. Victoria Avenue for the development of the El Pueblo Project
(see attached). The El Pueblo project is a part of the overall redevelopment of the Central
Pueblo Plan.
The 1996 El Pueblo Site Development Master Plan consists of the development of the entire
block surrounded by First Street, Grand Avenue, Victoria Avenue, and Union Avenue. The
development components include: expansion of the museum; construction of an adobe trading
post/fort; construction of an archaeology pavilion; development of a park/plaza; and completion
of right -of -way improvements.
The immediate acquisition, possession, and demolition of the property at 207 N. Victoria Avenue
is necessary to construct the National Scenic Byways Center and the expansion of the El Pueblo
Museum. Funding source deadlines and construction schedules have made the acquisition of
the above property crucial. Funding sources from the Packard Foundation, the State Capital
Construction Fund are in jeopardy of being lost if the construction process is not started by
January 2001.
A Notice of Intent to Acquire was initiated in July of 1996. Negotiations with the property
owner have been unsuccessful. Condemnation proceedings have been initiated for acquisition of
the property through the City's power of eminent domain.
RECOMMENDATION Approval of the Resolution.
FINANCIAL IMPACT Funds required for property acquisition, fees, demolition,
miscellaneous expenses, and contingencies in the amount of $200,000 shall be transferred from
the General Fund's Prior Year Fund balance.
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