HomeMy WebLinkAbout10832RESOLUTION NO. 10832
A RESOLUTION APPOINTING A DIRECTOR TO THE PUEBLO
MAIN STREET GARAGE CORPORATION
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
Michael A. Occhiato is hereby appointed to serve on the Pueblo Main Street Garage
Corporation, a Colorado Non - Profit Corporation, and shall continue serving as a director of the
Pueblo Main Street Garage Corporation for a term as set forth in the bylaws of the corporation.
INTRODUCED October 10, 2006
BY Randy Thurston
Councilperson
APPROVED:
President of City Council
ATTESTED BY:
CITY CLERK
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Background Paper for Proposed
RESOLUTION O
AGENDA ITEM #
DATE: OCTOBER 10, 2006
DEPARTMENT: COMMUNITY DEVELOPMENTMIM MUNCH
PLANNING DEPARTMENT /JIM MUNCH
TITLE
A RESOLUTION APPOINTING A DIRECTOR TO THE PUEBLO MAIN STREET
GARAGE CORPORATION
ISSUE
Should City Council appoint a director to the Pueblo Main Street Garage Corporation?
RECOMMENDATION
Approve the Resolution.
BACKGROUND
The Pueblo Main Street Garage Corporation is a Colorado Non - Profit Corporation
formed for the purpose of serving as the Qualified Active Low Income Community
Business (QALICB), under the New Market Tax Credit Structure, which will be the
financing mechanism for the construction of the Main Street Public Parking Facility.
The non - profit will exist for a seven -year period. The Board is composed of one
director appointed by the Urban Renewal Authority of Pueblo (URAP), one director
appointed by the City of Pueblo (City), and one director appointed by joint
consideration of the URAP and the City.
Michael A. Occhiato will serve as the City appointee
FINANCIAL IMPACT
None.