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HomeMy WebLinkAbout14134RESOLUTION NO. 14134 A RESOLUTION AUTHORIZING THE PUEBLO URBAN RENEWAL AUTHORITY TO COMPLETE A STUDY TO DETERMINE THE FEASIBILITY OF AMENDING THE SOUTH SANTA FE URBAN RENEWAL PROJECT AREA, ESTABLISHED BY ORDINANCE NO. 7534, AND THE DOWNTOWN EXPANDED URBAN RENEWAL PROJECT AREA, ESTABLISHED BY ORDINANCE NO 7133, FOR THE PURPOSE OF EXTENDING THE HISTORIC ARKANSAS RIVERWALK IN FURTHERANCE OF THE GOAL TO REMOVE SLUM, BLIGHT OR A COMBINATION THEREOF WHEREAS, the Pueblo Urban Renewal Authority believes the existing urban renewal areas in downtown Pueblo do not provide the financial wherewithal to acquire private lands necessary for extending the Historic Riverwalk of Pueblo; and WHEREAS, it is the desire of City of Pueblo to extend the Historic Riverwalk of Pueblo in the furtherance of the community goals to remove slum, blight or a combination thereof; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1: The Pueblo Urban Renewal Authority (the “Authority”) is hereby directed to complete a feasibility study of the funding potential of the area, depicted on Exhibit A, to acquire private lands in order to remove slum, blight or combination thereof. SECTION 2: The officers and staff of the City are authorized and directed to perform any and all acts consistent with this Resolution to implement the policies and procedures described herein. SECTION 3: This Resolution shall become effective immediately upon passage and approval. INTRODUCED: December 26, 2018 BY: Ed Brown MEMBER OF CITY COUNCIL APPROVED: PRESIDENT OF CITY COUNCIL ATTESTED BY: ACTING CITY CLERK City Clerk’s Office Item # M-13 BACKGROUND PAPER FOR PROPOSED RESOLUTION COUNCIL MEETING DATE: December 26, 2018 TO: President Christopher A. Nicoll and Members of City Council CC: Sam Azad, City Manager VIA: Brenda Armijo, Acting City Clerk FROM: Pueblo Urban Renewal Authority Jerry M. Pacheco, Executive Director SUBJECT: A RESOLUTION AUTHORIZING THE PUEBLO URBAN RENEWAL AUTHORITY TO COMPLETE A STUDY TO DETERMINE THE FEASIBILITY OF AMENDING THE SOUTH SANTA FE URBAN RENEWAL PROJECT AREA, ESTABLISHED BY ORDINANCE NO. 7534, AND THE DOWNTOWN EXPANDED URBAN RENEWAL PROJECT AREA, ESTABLISHED BY ORDINANCE NO 7133, FOR THE PURPOSE OF EXTENDING THE HISTORIC ARKANSAS RIVERWALK IN FURTHERANCE OF THE GOAL TO REMOVE SLUM, BLIGHT OR A COMBINATION THEREOF SUMMARY: This resolution authorizes the Pueblo Urban Renewal Authority to conduct a feasibility study of amending the South Santa Fe and Downtown Expanded Urban Renewal Areas to determine the funding potential for land acquisition relating to the extension of the Historic Arkansas Riverwalk of Pueblo, and to continue the removal of blight. PREVIOUS COUNCIL ACTION: Council previously passed and approved urban renewal plans for the subject project areas:  February 9, 2004: Downtown Expanded Urban Renewal Area Plan approved by Ordinance No. 7113.  November 13, 2006: South Santa Fe Urban Renewal Area Plan approved by Ordinance No. 7534 BACKGROUND: It is the City of Pueblo’s desire to extend the Historic Arkansas Riverwalk in furtherance of the community’s goals to revitalize the downtown area. The Pueblo Urban Renewal Authority believes that the existing South Santa Fe and Expanded Downtown Urban Renewal Areas do not provide the financial wherewithal to acquire private lands necessary for the extension. FINANCIAL IMPLICATIONS: None BOARD/COMMISSION RECOMMENDATION: Authorize the Authority to conduct the feasibility study. STAKEHOLDER PROCESS: None ALTERNATIVES: None RECOMMENDATION: Approval of the Resolution. 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