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HomeMy WebLinkAbout10188RESOLUTION NO. 10188 A RESOLUTION AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE AND DELIVER AN APPLICATION TO THE DEPARTMENT OF LOCAL AFFAIRS FOR STATE ENERGY AND MINERAL IMPACT ASSISTANCE PROGRAM FUNDS TO ASSIST IN FUNDING THE UTILITY SEPARATION AND CODE COMPLIANCE IMPROVEMENTS FOR THE BESSEMER HISTORICAL SOCIETY'S, CF &I HEADQUARTERS PROPERTY AND ASSIGNING A LOCAL PRIORITY OF 1 OF 2 BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The President of the City Council is hereby authorized to execute and deliver the attached application requesting State Energy and Mineral Impact Assistance Funds in the name of the City, to the Department of Local Affairs to partially fund the utility separation and code upgrade for property leased by the City from the Bessemer Historical Society in the amount of $500,000. INTRODUCED July 26. 2004 BY Michael Occhiato Councilperson 0sc. it 1 0 18e r � r Background Paper for Proposed RESOLUTION AGENDA ITEM # / Q DATE: JULY 26 2004 DEPARTMENT: COMMUNITY DEVELOPMENT /JIM MUNCH PLANNING DEPARTMENT /JIM MUNCH TITLE A RESOLUTION AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE AND DELIVER AN APPLICATION TO THE DEPARTMENT OF LOCAL AFFAIRS FOR STATE ENERGY AND MINERAL IMPACT ASSISTANCE PROGRAM FUNDS TO ASSIST IN FUNDING THE UTILITY SEPARATION AND CODE COMPLIANCE IMPROVEMENTS FOR THE BESSEMER HISTORICAL SOCIETY'S, CF &I HEADQUARTERS PROPERTY 0 Should the City Council submit an Energy and Mineral Impact Assistance Fund application to the Department of Local Affairs requesting financial assistance to help fund the utility separation and code upgrade for the property it leases from the Bessemer Historical Society? RECOMMENDATION Approve the Resolution. BACKGROUND In 2001, the City of Pueblo requested and received funding from the Department of Local Affairs through the Energy and Mineral Impact Assistance Fund to assist the Bessemer Historical Society (BHS) in the acquisition of the CF &I Headquarters Building. This assistance allowed the City to enter into a five -year lease for a portion of the former CF &I Headquarters property, thus providing BHS the funds necessary to acquire the property. The acquisition of the building subsequently triggered the transfer of the CF &I archives to BHS. As a part of the purchase agreement, BHS is required to separate the utilities that serve the building from the remainder of the plant and to install new meters. These utilities include electrical service and a new water tap. With these new services, the building code requires that the existing electrical, water, plumbing, and mechanical systems be brought into compliance with the code. BHS estimates that this is a $1,906.050 project. The City of Pueblo is leasing a portion of the facility for five years and as the lessee the City is requesting $500,000 from the Department of Local Affairs to assist in funding these costs. BHS will provide the match in the amount of $1,406,050 from various sources. FINANCIAL IMPACT No direct financial impact. BHS will provide the match for the grant. Depending upon the source of the funds awarded by the Department of Local Affairs, these funds may or may not be exempt from TABOR. There is also a provision within the Department of Local Affairs' contract that requires, should the City be required to refund any money under TABOR, the City would be required to return the grant funds to the Department of Local Affairs first.