HomeMy WebLinkAbout14417RESOLUTION NO. 14417
A RESOLUTION AUTHORIZING THE CITY OF PUEBLO TO
GRANT WAIVERS OF FEES RELATING TO WASTEWATER
UTILITY TAP AND PLANT INVESTMENT FEES TOTALING
A MAXIMUM OF $45,850 FOR “THE RIGHT PLACE”
TRANSITIONAL HOMELESS HOUSING PROJECT
LOCATED AT 1619 BONFORTE BOULEVARD
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City shall grant a waiver of wastewater utility tap and plant investment fees
totaling a maximum amount of $45,850 for the Cardinal Capital Management, Inc. “The
Right Place” transitional homeless housing project located at 1619 Bonforte Boulevard.
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: May 26, 2020
BY: Ed Brown
MEMBER OF CITY COUNCIL
APPROVED:
PRESIDENT OF CITY COUNCIL
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED: June 8, 2020
City Clerk’s Office Item # Q-1
BACKGROUND PAPER FOR PROPOSED
RESOLUTION
COUNCIL MEETING DATE: May 26, 2020
TO: President Dennis E. Flores and Members of City Council
CC: Nicholas A. Gradisar, Mayor
VIA: Brenda Armijo, City Clerk
FROM: Scott Hobson, Acting Director of Planning and Community Development
SUBJECT: A RESOLUTION AUTHORIZING THE CITY OF PUEBLO TO GRANT
WAIVERS OF FEES RELATING TO WASTEWATER UTILITY TAP AND
PLANT INVESTMENT FEES TOTALING A MAXIMUM OF $45,850 FOR
“THE RIGHT PLACE” TRANSITIONAL HOMELESS HOUSING PROJECT
LOCATED AT 1619 BONFORTE BOULEVARD
SUMMARY:
Attached is a Resolution authorizing the City of Pueblo to grant waivers of fees for
wastewater utility tap and plant investment fees totaling up to $45,850 requested by
Cardinal Capital Management, Inc. for “The Right Place” transitional homeless housing
project located at 1619 Bonforte Boulevard.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
Cardinal Capital Management, Inc. is developing a 35-unit apartment complex to be
constructed at 1619 Bonforte Boulevard that will provide housing for homeless, qualifying
veterans and other qualifying individuals. The project titled, “The Right Place”, is being
funded partially by equity through housing credits awarded by the Colorado Housing and
Finance Authority (CHFA). Cardinal Capital is also applying to the Colorado Department
of Local Affairs for homeless housing assistance grant funding. This permanent
supportive housing project will be the first of its kind in Pueblo. As an incentive to reduce
the overall cost for the construction of this Project, the waiver of fees for wastewater utility
tap and plant investment fees totaling up to $45,850 was requested by Cardinal Capital
Management, Inc.
FINANCIAL IMPLICATIONS:
The Wastewater Utility will not receive tap and plant investment fees for this transitional
homeless affordable housing project that will total a maximum of $45,850. The Project
will be providing 35 housing units for transitional homeless individuals within the
community that would otherwise be reliant upon other homeless facilities that the City is
assisting to operate.
BOARD/COMMISSION RECOMMENDATION:
None.
STAKEHOLDER PROCESS:
Not applicable to this Resolution.
ALTERNATIVES:
If this Resolution is not approved, the Cardinal Capital Management, Inc., utility
infrastructure cost for this Project will likely significantly delay or make the Project
financially unfeasible. In addition, the applicant is applying for Colorado Department of
Local Affairs Homeless Housing funding that could be jeopardized without financial
participation by the City.
RECOMMENDATIONS:
Approve the Resolution.
Attachments: Proposed Resolution
Request for Waiver of City Fees from Cardinal Capital Management, Inc.