HomeMy WebLinkAbout14530RESOLUTION NO. 14530
A RESOLUTION AUTHORIZING THE PUEBLO URBAN
RENEWAL AUTHORITY TO UNDERTAKE ACTIONS
FACILITATING REHABILITATION OF THE HOLMES
HARDWARE PROPERTY IN ACCORDANCE WITH THE URBAN
RENEWAL PLAN FOR THE UNION AVENUE URBAN RENEWAL
PROJECT AREA (“PLAN”)
WHEREAS, the Pueblo Urban Renewal Authority (the “Authority”) has received a proposal
for the rehabilitation of certain property (the “Holmes Hardware Property”) pursuant to the above
Plan that includes (a) use of a portion of the municipal sales tax increment produced on the
property; (b) consideration of a minor modification of the Plan; and (c) agreements involving the
City, the Authority, and the proposed redeveloper; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The City Council authorizes the Authority to prepare for future consideration by the City
Council a minor modification of the Plan together with any agreements required to implement
such modification in accordance with the Colorado Urban Renewal Law.
SECTION 2.
The officers and staff of the City are authorized to perform any and all acts consistent with
this Resolution which are necessary or appropriate to implement the transactions described
herein.
SECTION 3.
This Resolution shall become effective immediately upon final passage.
INTRODUCED December 28, 2020
BY: Ed Brown
MEMBER OF CITY COUNCIL
APPROVED:
PRESIDENT OF CITY COUNCIL
ATTESTED BY:
CITY CLERK
City Clerk’s Office Item # M-3
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: December 28, 2020
TO: President Dennis E. Flores and Members of City Council
CC: Mayor Nicholas A. Gradisar
VIA: Brenda Armijo, City Clerk
FROM: Pueblo Urban Renewal Authority
Jerry M. Pacheco, Executive Director
SUBJECT: A RESOLUTION AUTHORIZING THE PUEBLO URBAN RENEWAL AUTHORITY
TO UNDERTAKE ACTIONS FACILITATING REHABILITATION OF THE
HOLMES HARDWARE PROPERTY IN ACCORDANCE WITH THE URBAN
RENEWAL PLAN FOR THE UNION AVENUE URBAN RENEWAL PROJECT
AREA (“PLAN”)
SUMMARY:
The Resolution authorizes the Pueblo Urban Renewal Authority (the “Authority”) to undertake
actions with the goal of rehabilitating the Holmes Hardware Property located at 400 S. Union
Avenue, Pueblo, Colorado 81003.
PREVIOUS COUNCIL ACTION:
By Ordinance No. 8093 dated October 26, 2009, the Pueblo City Council approved the Urban
Renewal Plan for the Union Avenue Project Area (the “Plan”), which Plan is being carried out by
the Authority.
BACKGROUND:
The Authority has received a proposal from Full Plate Management, LLC (the “Developer”) for
redevelopment and rehabilitation of the Holmes Hardware Property (the “Holmes Hardware
Rehabilitation”). This Resolution authorizes the Authority to take appropriate actions to begin the
process for implementing the Holmes Hardware Rehabilitation.
FINANCIAL IMPLICATIONS:
None.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Resolution.
STAKEHOLDER PROCESS:
City and Authority Staff have met with the Developer to begin the process for eventual
rehabilitation of the Holmes Hardware Property.
ALTERNATIVES:
Denial of this Resolution will result in the Holmes Hardware Property not being redeveloped.
RECOMMENDATION:
The Mayor recommends approval of the Resolution.
Attachments: Proposed Resolution