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Home My WebLink About16150 City Clerk's Office Item # Q9 Background Paper for Proposed Resolution COUNCIL MEETING DATE: October 14, 2025 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Andrew Hayes, Public Works Director SUBJECT: A RESOLUTION ESTABLISHING PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL, TRANSFERRING FUNDS IN THE AMOUNT OF $500,000 FROM PROJECT ACCOUNT CI2113 - AMERICAN RESCUE PLAN ACT AND DEPOSITING AND APPROPRIATING $500,000 INTO PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL SUMMARY: This Resolution transfers funds in the amount of $500,000 sourced from the interest generated on funds held within Project Account CI2113 - American Rescue Plan Act into a new Project Account CI2521 - Greyhound Park Blight Removal and appropriates those funds into the newly created account. PREVIOUS COUNCIL ACTION: None. BACKGROUND: The landowner of the Pueblo Greyhound Park located south of Pueblo Boulevard on Lake Avenue has previously applied to Pueblo Urban Renewal Authority's assistance in funding a demolition project including the removal of blighted structures located on the property in order to facilitate redevelopment of the area. Buildings on the property have been vandalized multiple times and have suffered significant damage and remain in a state of disrepair and is an attractive nuisance affecting all property owners in the area. FINANCIAL IMPLICATIONS: This Resolution will appropriate the funding for the City to incentivize the demolition work. No funds will be expended on this project until a separate development agreement between the City and the developer is approved by City Council and executed by the Mayor at a future date. At this time, staff contemplates a cost reimbursement arrangement under which the developer would prosecute the cleanup work and, upon successful completion of the work, submit a request to the City for reimbursement of his demolition costs in an amount not to exceed $500,000. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Resolution STAKEHOLDER PROCESS: Although the City is budgeting and appropriating the full amount of the incentive, Pueblo Urban Renewal Authority has expressed interest in sharing the cost with the City. The Authority has indicated that they will not be able to provide that funding in 2025, but is working to appropriate $216,000 in its 2026 budget as a prospective reimbursement to the City. ALTERNATIVES: Failure to approve this Resolution will preclude the City from providing an incentive toward redevelopment of the former Pueblo Greyhound Park property. RECOMMENDATION: Approval of this Resolution. ATTACHMENTS: None RESOLUTION NO.16150 A RESOLUTION ESTABLISHING PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL, TRANSFERRING FUNDS IN THE AMOUNT OF $500,000 FROM PROJECT ACCOUNT CI2113 - AMERICAN RESCUE PLAN ACT AND DEPOSITING AND APPROPRIATING $500,000 INTO PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that SECTION 1. Project Account CI2521 - Greyhound Park Blight Removal is hereby established. SECTION 2. Funds in the amount of $500,000.00 are hereby transferred from Project Account CI2113 - American Rescue Plan Act and deposited and appropriated into Project Account CI2521 - Greyhound Park Blight Removal. SECTION 3. The officers and staff 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 4. This Resolution shall become effective immediately upon final passage. INTRODUCED: October 14, 2025 BY: Brett Boston MEMBER OF CITY COUNCIL APPROVED: __________________________ PRESIDENT OF CITY COUNCIL ATTESTED BY: ________________________ CITY CLERK City Clerk's Office Item # Q4 Background Paper for Proposed Resolution COUNCIL MEETING DATE: October 27, 2025 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Andrew Hayes, Public Works Director SUBJECT: A RESOLUTION ESTABLISHING PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL, TRANSFERRING FUNDS IN THE AMOUNT OF $500,000 FROM PROJECT ACCOUNT CI2113 - AMERICAN RESCUE PLAN ACT AND DEPOSITING AND APPROPRIATING $500,000 INTO PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL SUMMARY: This Resolution transfers funds in the amount of $500,000 sourced from the interest generated on funds held within Project Account CI2113 - American Rescue Plan Act into a new Project Account CI2521 - Greyhound Park Blight Removal and appropriates those funds into the newly created account. PREVIOUS COUNCIL ACTION: None. BACKGROUND: The landowner of the Pueblo Greyhound Park located south of Pueblo Boulevard on Lake Avenue has previously applied to Pueblo Urban Renewal Authority's assistance in funding a demolition project including the removal of blighted structures located on the property in order to facilitate redevelopment of the area. Buildings on the property have been vandalized multiple times and have suffered significant damage and remain in a state of disrepair and is an attractive nuisance affecting all property owners in the area. FINANCIAL IMPLICATIONS: This Resolution will appropriate the funding for the City to incentivize the demolition work. No funds will be expended on this project until a separate development agreement between the City and the developer is approved by City Council and executed by the Mayor at a future date. At this time, staff contemplates a cost reimbursement arrangement under which the developer would prosecute the cleanup work and, upon successful completion of the work, submit a request to the City for reimbursement of his demolition costs in an amount not to exceed $500,000. BOARD/COMMISSION RECOMMENDATION: Not applicable to this Resolution STAKEHOLDER PROCESS: Although the City is budgeting and appropriating the full amount of the incentive, Pueblo Urban Renewal Authority has expressed interest in sharing the cost with the City. The Authority has indicated that they will not be able to provide that funding in 2025, but is working to appropriate $216,000 in its 2026 budget as a prospective reimbursement to the City. ALTERNATIVES: Failure to approve this Resolution will preclude the City from providing an incentive toward redevelopment of the former Pueblo Greyhound Park property. RECOMMENDATION: Approval of this Resolution. ATTACHMENTS: None RESOLUTION NO. 16150 A RESOLUTION ESTABLISHING PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL, TRANSFERRING FUNDS IN THE AMOUNT OF $500,000 FROM PROJECT ACCOUNT CI2113 - AMERICAN RESCUE PLAN ACT AND DEPOSITING AND APPROPRIATING $500,000 INTO PROJECT ACCOUNT CI2521 - GREYHOUND PARK BLIGHT REMOVAL BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that SECTION 1. Project Account CI2521 - Greyhound Park Blight Removal is hereby established. SECTION 2. Funds in the amount of $500,000.00 are hereby transferred from Project Account CI2113 - American Rescue Plan Act and deposited and appropriated into Project Account CI2521 - Greyhound Park Blight Removal. SECTION 3. The officers and staff 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 4. This Resolution shall become effective immediately upon final passage. INTRODUCED: October 27, 2025 BY: Brett Boston MEMBER OF CITY COUNCIL APPROVED: __________________________ PRESIDENT OF CITY COUNCIL ATTESTED BY: ________________________ CITY CLERK