HomeMy WebLinkAbout14433RESOLUTION NO. 14433
A RESOLUTION AUTHORIZING THE CITY OF PUEBLO TO
GRANT CONDITIONAL WAIVERS OF FEES RELATING TO
WASTEWATER UTILITY TAP AND PLANT INVESTMENT FEES
TOTALING A MAXIMUM OF $317,020 FOR THE PUEBLO
SPRINGS APARTMENT COMPLEX LOCATED ON THE
SOUTHWEST CORNER OF NORTH PUEBLO BOULEVARD AND
ST
WEST 31 STREET IN THE CITY OF PUEBLO
FINDINGS OF FACT
a. The City Council finds and determines that it has been several years since a large-scale
apartment complex has been developed in the City of Pueblo; and
b. The lack of new large-scale apartment complexes in the City has a negative impact on the
City’s economic development; and
c. Annexation of the Pueblo Springs Apartments 20 acre complex into the corporate city
limits of the City of Pueblo will result in the recovery of sales and use tax revenue associated
with the construction of the project and future real property tax revenue in amounts far in excess
of Wastewater Utility fees waived by this Resolution; and
d. The waiver of fees for Wastewater Utility tap and plant investment fees as authorized by
this Resolution is for a public purpose and in furtherance of a municipal function and will
enhance economic development in the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, acting as
the governing board of the City’s Wastewater Utility Enterprise, that:
SECTION 1.
The City of Pueblo, acting by and through its Wastewater Utility Enterprise, hereby grants
a waiver of wastewater utility tap and plant investment fees up to a maximum amount of $317,020
to the Pueblo Springs Apartments, located in the southwest corner of North Pueblo Blvd. and
st
West 31 St. in the City.
SECTION 2.
The waiver of wastewater utility fees as provided in this Resolution will expire on July 31,
2021, unless on or before that date, Pueblo Springs Apartments provides the City with satisfactory
proof of the following:
1. With respect to Pueblo Springs Apartments 20-acre complex, successful
completion of the following milestones:
a. Subdivision of the property;
b. Rezoning of the property;
c. Annexation of the 20-acre parcel into the corporate city limits of the City of
Pueblo.
2. Issuance of a Building Permit for construction of the Pueblo Springs Apartments
by the Pueblo Regional Building Authority.
SECTION 3.
Pueblo Springs Apartments shall not begin construction of improvements on its 20-acre
property until the satisfaction of the conditions set forth in Section 2 of this Resolution.
SECTION 4.
The July 31, 2021 deadline specified in Section 2 shall be extended as follows, upon the
occurrence of the following events:
a. If the U.S. Department of Housing and Urban Development (“HUD”) does not
approve the financing for Pueblo Springs Apartments by July 31, 2021, the
deadline shall be extended for an additional six (6) months.
b. If HUD requires that the development Pueblo Springs Apartments occur in two
(2) or more phases, the July 31, 2021 deadline shall be extended for the
second and each succeeding phase of development.
SECTION 5.
This Resolution shall not serve as a precedent for the granting of waivers of Wastewater
Utility fees in the future. The decision to grant a waiver of wastewater utility tap and plant
investment fees to Pueblo Springs Apartments was based on the particular facts surrounding the
Pueblo Springs Apartments development. As was done with Pueblo Springs Apartments, future
requests for waivers of Wastewater Utility fees shall be considered on a case-by-case basis.
SECTION 6.
The officers of the City are authorized and directed to perform any and all acts consistent
with the intent of this Resolution to effectuate the policies and procedures described herein.
SECTION 7.
This Resolution shall become effective immediately upon final passage.
INTRODUCED July 13, 2020
BY: Robert Schilling
MEMBER OF CITY COUNCIL
APPROVED:
PRESIDENT OF CITY COUNCIL
ATTESTED BY:
CITY CLERK
City Clerk’s Office Item # M-1
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: July 13, 2020
TO: President Dennis E. Flores and Members of City Council
CC: Mayor Nicholas A. Gradisar
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
CONDITIONAL WAIVERS OF FEES RELATING TO WASTEWATER UTILITY
TAP AND PLANT INVESTMENT FEES TOTALING A MAXIMUM OF $317,020
FOR THE PUEBLO SPRINGS APARTMENTS LOCATED ON THE SOUTHWEST
ST
CORNER OF NORTH PUEBLO BOULEVARD AND WEST 31 STREET IN THE
CITY OF PUEBLO
SUMMARY:
Attached is a Resolution authorizing the City of Pueblo to grant conditional waivers of fees for
wastewater utility tap and plant investment fees totaling up to $317,020 requested by the
developer of the Pueblo Springs Apartments, located in the southwest corner of North Pueblo
st
Blvd. and West 31 St. in the City.
PREVIOUS COUNCIL ACTION:
None.
BACKGROUND:
Pueblo Springs Apartments is a proposed 242-unit apartment complex to be constructed at the
st
southwest corner of North Pueblo Blvd. and West 31 St. in the City. The project will provide
housing for new and existing residents of the City. As an incentive to reduce the overall costs of
construction of this project, the waiver of fees for wastewater utility tap and plant investment fees
has been requested by the developer.
Under the attached proposed Resolution, the waiver of the wastewater utility fees will expire on
July 31, 2021, unless on or before that date, the developer provides satisfactory proof of the
following:
1. With respect to Pueblo Springs Apartments 20-acre complex, successful
completion of the following milestones:
a. Subdivision of the property;
b. Rezoning of the property;
c. Annexation of the 20-acre parcel into the corporate city limits of the City of
Pueblo.
2. Issuance of a Building Permit for construction of the Pueblo Springs Apartments
by the Pueblo Regional Building Authority.
FINANCIAL IMPLICATIONS:
The Wastewater Utility will not receive tap and plant investment fees for this project as follows:
Fee Type Amount
Tap Fees $171,820
Plant Investment Fees $145,200
Total $317,020
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Resolution.
STAKEHOLDER PROCESS:
Not applicable to this Resolution.
ALTERNATIVES:
Failure to approve this Resolution will likely significantly delay or make the Pueblo Springs
Apartments Project financially unfeasible.
RECOMMENDATION:
Approve the Resolution.
Attachments: Proposed Resolution