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HomeMy WebLinkAbout10692ORDINANCE NO. 10692 AN ORDINANCE APPROVING AND ACCEPTING A PARTICIPATION AGREEMENT FROM THE COLORADO HOUSING AND FINANCE AUTHORITY, A BODY CORPORATE AND POLITICAL SUBDIVISION OF THE STATE OF COLORADO; REINEN CONSULTANTS LLC, A COLORADO LIMITED LIABILITY COMPANY; THE ESPINOSA GROUP LLC, A COLORADO LIMITED LIABILITY COMPANY; AND THE CITY OF PUEBLO, A COLORADO MUNICIPAL CORPORATION FOR THE DONATION OF PRELIMINARY DESIGN AND FEASIBILITY SERVICES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING AT THE FORMER PUEBLO COMMUNITY HEALTH CENTER SITE LOCATED AT 1302 E. 4TH STREET AND 1305 E. 5TH STREET AND AUTHORIZING THE MAYOR TO EXECUTE SAME BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Participation Agreement from the Colorado Housing and Finance Authority dated corporate and political subdivision of the State of Colorado; the Reinen Consultants LLC, a Colorado limited liability company; the Espinosa Group LLC, a Colorado limited liability company, and the City of Pueblo, a municipal corporation to provide a preliminary design and th project feasibility services for the development of affordable housing at 1305 E. 4 Street and th 1302 E. 5 Street, a copy of which is attached hereto, having been approved as to form by the City Attorney, is hereby approved. SECTION 2. The Mayor is hereby authorized to execute said Agreement on behalf of the City of Pueblo, a Colorado Municipal Corporation, and the City Clerk is authorized to affix the seal of the City thereto and attest the same. SECTION 3. The officers and staff of the City are hereby authorized to perform any and all acts consistent with this Ordinance and the attached Agreement to effectuate the transactions described therein. SECTION 4. This Ordinance shall become effective on the date of final action by the Mayor and City Council. Action by City Council: Introduced and initial adoption of Ordinance by City Council on April 08, 2024. Final adoption of Ordinance by City Council on April 22, 2024. ____________________________ President of City Council Action by the Mayor: Approved on _______________. Disapproved on ______________ based on the following objections: ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ____________________________ Mayor Action by City Council After Disapproval by the Mayor: Council did not act to override the Mayor's veto. Ordinance re-adopted on a vote of ____________, on _____________ ____________________________ President of City Council ATTEST ________________________________ City Clerk City Clerk's Office Item # R7 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: April 22, 2024 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Scott Hobson, Acting Director Planning and Community Development SUBJECT: AN ORDINANCE APPROVING AND ACCEPTING A PARTICIPATION AGREEMENT FROM THE COLORADO HOUSING AND FINANCE AUTHORITY, A BODY CORPORATE AND POLITICAL SUBDIVISION OF THE STATE OF COLORADO; REINEN CONSULTANTS LLC, A COLORADO LIMITED LIABILITY COMPANY; THE ESPINOSA GROUP LLC, A COLORADO LIMITED LIABILITY COMPANY; AND THE CITY OF PUEBLO, A COLORADO MUNICIPAL CORPORATION FOR THE DONATION OF PRELIMINARY DESIGN AND FEASIBILITY SERVICES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING AT THE FORMER PUEBLO COMMUNITY HEALTH CENTER SITE LOCATED AT 1302 E. 4TH STREET AND 1305 E. 5TH STREET AND AUTHORIZING THE MAYOR TO EXECUTE SAME SUMMARY: This Ordinance accepts the donation of preliminary design and feasibility services for thth the development of affordable housing located at 1302 E. 4 Street and 1305 E. 5 Street. CHFA has extended an invitation to utilize their consultants and design specialists to assist the City to produce a design concept that is marketable to developers and the financial sector as well as demonstrate the proposed plan to the surrounding neighborhood. PREVIOUS COUNCIL ACTION: No previous action has been taken by Council. BACKGROUND: The City acquired the property from the Pueblo Community Health Center late last year using ARPA funds. The site has been cleared of structures. FINANCIAL IMPLICATIONS: Not applicable. BOARD/COMMISSION RECOMMENDATION: Not applicable. STAKEHOLDER PROCESS: Not applicable. ALTERNATIVES: Council could elect not to accept the donation of services. RECOMMENDATION: Approval of the Resolution. ATTACHMENTS: 1. CHFA Participation Agreement