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HomeMy WebLinkAbout13445RESOLUTION NO. 13445 A RESOLUTION APPOINTING MEMBERS TO THE OVERSIGHT COMMITTEE OF THE PUEBLO PROFESSIONAL BULL RIDERS UNIVERSITY AND HERITAGE OF HEROES PROJECT BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The following individuals are hereby appointed to the Oversight Committee of the Pueblo Professional Bull Riders University and Heritage of Heroes Project: Current President of the City Council Current Vice President of the City Council Current Chair of the Executive Committee of City Council Current Chair of the Pueblo Urban Renewal Authority Commission Current Chair of the Historic Arkansas Riverwalk of Pueblo Authority Board SECTION 2. Pursuant to Section 5.1 of the Amendment No 1 to the RTA Project Cooperation Agreement: “The Oversight Committee shall be responsible for the prompt and orderly administration of the Construction Project, including payment of Eligible Costs.” SECTION 3. The officers and staff of the City are directed and authorized to perform any and all acts consistent with the intent of this Resolution to effectuate the policies and procedures described herein. SECTION 4. This Resolution shall become effective immediately upon final passage. INTRODUCED: May 23, 2016 BY: Ed Brown City Clerk’s Office Item # Q-3 Background Paper for Proposed Resolution COUNCIL MEETING DATE: May 23, 2016 TO: President Stephen G. Nawrocki and Members of City Council VIA: Gina Dutcher, City Clerk FROM: Sam Azad, City Manager SUBJECT: A RESOLUTION APPOINTING MEMBERS TO THE OVERSIGHT COMMITTEE OF THE PUEBLO PROFESSIONAL BULL RIDERS UNIVERSITY AND HERITAGE OF HEROES PROJECT SUMMARY: This Resolution appoints members to the Oversight Committee of the Pueblo Professional Bull Riders University and Heritage of Heroes Project. PREVIOUS COUNCIL ACTION: On May 11, 2015, by Ordinance No. 8870, City Council approved Amendment No. 1 to the Cooperation Agreement for the Pueblo Professional Bull Riders University and Heritage of Heroes Project. Section 5.1 of this Amendment provided for the creation of an Oversight Committee, consisting of five members, to be appointed by the President of City Council. BACKGROUND: On March 28, 2016 by Ordinance No. 8984, City Council approved an Amendment to Resolution No. 1 passed by the Colorado Economic Development Commission (“CEDC”) concerning the dedication of specified state sales tax increment revenue for the Pueblo Professional Bull Riders University and Heritage of Heroes Project. The amendment to CEDC Resolution No. 1 resolved a dispute concerning funding for the City of Pueblo’s Regional Transportation Act (“RTA”) Project. As a result, the Pueblo RTA Project will receive sufficient state sales tax increment revenue for the project to be completed. Ordinance No. 8870 passed by City Council on May 11, 2015, requires that the President of City Council appoint five members to the Oversight Committee for the Pueblo RTA Project. This resolution appoints the following persons to the Oversight Committee: Current President of the City Council Current Vice President of the City Council Current Chair of the Executive Committee of City Council Current Chair of the Pueblo Urban Renewal Authority Commission Current Chair of the Historic Arkansas Riverwalk of Pueblo Authority Board FINANCIAL IMPLICATIONS: This is a volunteer committee and members serve without compensation. BOARD/COMMISSION RECOMMENDATION: Not applicable. STAKEHOLDER PROCESS: Not applicable. ALTERNATIVES: Amend Ordinance No. 8870 to provide for the elimination of the Oversight Committee or for a different composition of its members. RECOMMENDATION: Approve the Resolution. Attachments: