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HomeMy WebLinkAbout09411RESOLUTION NO. 9411 A RESOLUTION CONSENTING TO THE AMENDMENT OF THE 2001 URBAN RENEWAL AUTHORITY OF PUEBLO, COLORADO BUDGET INCLUDING THE PUEBLO CONVENTION CENTER OPERATION AND MAINTENANCE BUDGET AND PROPOSED AREA FOR A SLUM AND BLIGHT STUDY BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: .qFrT10KJ 1 The City Council of the City of Pueblo consents to the adoption of the Urban Renewal Authority's resolution dated September 11, 2001, amending the fiscal year 2001 Operation and Maintenance budget for the Pueblo Convention Center by adding the cost of a Slum and Blight Study. SECTION 2. The City Council consents to a slum and blight study for the area described in the attached exhibit "A" SECTION 3. President of the City Council is hereby authorized to approve the adoption of the resolution. INTRODUCED: October 9, 2001 M . COUN ER i APPROVED: r . A IL PRE D N O TY COUNCIL ATTESTED BY: C"'TY CLERK W.c.,.., wKUJrcuuw„xsw�,cud� Background Paper for Resolution AGENDA ITEM # DATE: October 9, 2001 DEPARTMENT: HOUSING AND CITIZEN SERVICES — TONY BERUMEN TITLE A RESOLUTION CONSENTING TO THE AMENDMENT OF THE 2001 URBAN RENEWAL AUTHORITY OF PUEBLO, COLORADO BUDGET INCLUDING THE PUEBLO CONVENTION CENTER OPERATION AND MAINTENANCE BUDGET AND PROPOSED AREA FOR A SLUM AND BLIGHT STUDY ISSUE A resolution consenting to the adoption of the Urban Renewal Authority's resolution amending the fiscal year 2001 Budget, to include the cost of a slum and blight study as part of the operation and maintenance budget and proposed study area . RECOMMENDATION Consent to the adoption of the resolution by the Urban Renewal Authority. BACKGROUND At the August 20, 2001, City Council Work Session, the Urban Renewal Authority presented to City Council members their plans for future urban renewal studies and projects. The Urban Renewal Authority is requesting the approval by the City Council of a Slum and Blight study for the area described in the attached exhibit "A ". At the September 11, 2001, Urban Renewal Authority meeting the Board adopted a resolution amending the year 2001 budget (Exhibit "B") to include the cost of a slum and blight study in the amount of $50,000. FINANCIAL IMPACT The Operation and Maintenance Budget of the Urban Renewal Area will include a line item for professional services for the cost of the study, estimated to be $50,000. The funds will come from the Urban Renewal Authority. The year 2002 URA budget will include an amount for an amended URA plan after the slum and blight study is completed. RESOLUTION NO. O 9 -- I I A RESOLUTION CONSENTING TO THE AMENTMENT OF THE 2001 URBAN RENEWAL AUTHORITY OF PUEBLO, COLORADO BUDGET INCLUDING THE PUEBLO CONVENTION CENTER OPERATION AND MAINTENANCE BUDGET BE IT RESOLVED BY THE URBAN RENEWAL AUTHORITY OF PUEBLO, COLORADO, that: SECTION I. The Urban Renewal Authority of Pueblo (hereinafter known as "The Authority") consents to expansion of the "Urban Renewal Study Area as defined in the Phase II Urban Renewal Area Map herein attached as "Exhibit A" The Authority, furthermore consents to the attached Exhibit `B" amendment of the Authority's Budget for the year ending December 31, 2001, including an amended Operation and Maintenance Budget for the Pueblo Convention Center that includes the cost for a Slum and Blight Study and a subsequently commissioned Urban Renewal Plan. S ECTION 2. The Chairman of the Urban Renewal Authority is hereby authorized to approve the adoption of the resolution. APPROVED: September 11, 2001 By Chairman, Urban Renewal Authority MEMORANDUM TO: Pueblo City Council FROM: Tony Fortino, Chairman, Pueblo Urban Renewal Authority DATE: October 9, 2001 SUBJECT: AMENDED URBAN RENEWAL SLUM AND BLIGHT STUDY AREA At the October 9, 2001, Regular Meeting of the Urban Renewal Authority of Pueblo, the Authority passed a Resolution asking Pueblo City Council to amend Resolution No. 17932 by substituting the attached Urban Renewal Slum and Blight Study Area Map for the one attached to the Resolution as Exhibit "A ". Pueblo Convention Center /Global Spectrum PropoE Operations /Maintenance Budget 01 EXHIBIT "B" 9/2001 Revision Other Revenu Vendor's Fee Sales Tax Increment Total Other EXPENSES F &B Ex enses F &B Product Cost F & B Labor Cost F &B Operational Cost 2001 Budget Events t Attendance 82,t :NUE 30,000 Event Revenue 3,100 Bank/Credit Card /Collection Fees Event Income - Rentals 223 5,200 Event Income - F &B 1,005,3 Direct Sales Event Income - Public Foods 152,1 __ 5,600 Event Income - E ui ment 90,9 E ui ment- Leased /Maintenance Event Income - Utilities 10,4 3,500 Event Income - Labor 1.7 Event Labor Tem s /Securit Other Income 21,3 7,500 Self- promoted Events .,, ., Other Revenu Vendor's Fee Sales Tax Increment Total Other EXPENSES F &B Ex enses F &B Product Cost F & B Labor Cost F &B Operational Cost 113,440 Sub -Total F &B Cost 923,673 aratlon Ex enses Advertisin 30,000 Audit/Investment Fees 3,100 Bank/Credit Card /Collection Fees 5,200 Com uter /Internet 15,440 Direct Sales 15,000 Dues /S ____ __ 5,600 E ui ment -New 3,500 E ui ment- Leased /Maintenance 4,400 Equipment R ental i 3,500 Event Equipme nt/Utilities _ 15,000 Event Labor Tem s /Securit 39,500 Event Other 7,500 Event -Other In -House Promo /Ex ense 21,000 Fed Ex /UPS 350 G S Mananement Fees 64,056 G S Wages, Benefits, PR Exp (Excl F &B) 424,528 Le al Fees 1,500 Liabilit /Prope rt Insurance 18,000 Licenses /Fees /Permits 200 Linen & Laund 31,600 Maintenance & Repairs 74,755 Miscellaneous 1,500 _ Office Supplies 3,000 Posta e /Meter Rental 4,080 Printin2 & Promotion 18,700 Seminars/Training/Conferences Tele hone /Cellular 4,800 Travel & Entertainment 29,840 Uniforms 11,000 Utilities 1,300 98,500 Sub -Total Operational Ex enses 956,449 Total Uperating Operating and F &B Expenses 1,880,122 Pro ected;t3 "etatm :Deficit , , ;, , 364;52. OTHER EXPENSES URA Bld . Expenses 20,000 Professi Fees 50,000 A,c uisitian of Pro ert Global Incentive Fee PDF Interest/Lease _ 129,200 Res. # 8513 Rea ment 60,000 Ca italOutla 30,800 Total Other Ex enses 290,000 e, Pro edW&Pthfit 97,426 " URA Plan /Slum & Blight Study CENTRAL -LEGEND Fred E. Weiabr d Parking Facili Private Buildings ty P:� Transit center 0 Union Avenue Ice Arena -EM— Historic District M El Pueblo Museum w 0 El Pueblo Plaza Q Central Business District Vail Hotel, Senior Apts. Civic Center Pueblo County Hi Society Museum Municipal Service Center Chamber of Commerce and the Buell Children's 46 S Ue de Cristo an A rt. k Conference Center E N Circulator Route ' VIP LA I Hotel /Convention Center 4 1 'Joseph Edwards Senior Center and Union Plaza Apartments - /Memorial Hall City Transportation South Downtown and Runyon Ls3c© Trall Link M osed - X ey Route DRGW Frjht St ,e Heritage enter Museum, Public Market, and Railroad Farhibit Pueblo Union Depot South Main Street Bridge Replacement Its- 4 C�, 0 e aoo 4v C N TRAL P" U E 13 L 0 Phase I I Urban Renewal Area Exhibit A T H E C I T Y 0 F April 1998 BACKGROUND: �. Beginning at the intersection of I -25 and 5th Street; thence south along the east ROW boundary of I- 25 to First Street; thence south along the east ROW boundary of Kelly Avenue to Clarence Road; thence south on the east boundary of Clarence Road to its point of intersection with the AT &SF RR ROW; thence southwest along the north boundary of the AT &SF RR ROW to "D" Street; thence northwest along the south ROW line of "D" Street to its point of vacation; thence casting an arch northerly to a point on the north ROW line of 4th Street west of Midtown Circle; thence east along the north ROW line of 4th Street to West Street; thence north along the west ROW line of West Street to 5th Street; thence East along the North ROW line of 5th Street to the point of beginning.