HomeMy WebLinkAbout2003-12 Declaring it be in the Public Interest that an Urban Renewal Authority be Created and Designating the Town Council as the Governing Body of the Urban Renewal AuthorityRESOLUTION No. 12
Series of 2003
DECLARING IT TO BE IN THE PUBLIC INTEREST THAT AN URBAN RENEWAL
AUTHORITY BE CREATED AND DESIGNATING THE TOWN COUNCIL OF THE TOWN OF
VAIL AS THE GOVERNING BODY OF THE URBAN RENEWAL AUTHORITY.
WHEREAS, the Town of Vail has adopted the Lionshead Master Plan detailing
improvements needed in the Lionshead area to properly guide redevelopment of the Lionshead
Area; and
WHEREAS, URS Corporation, pursuant to the contract with the Town of Vail, has
prepared the Lionshead Reinvestment Study, dated December, 2002; and
WHEREAS, the Lionshead Reinvestment Study describes certain deficiencies in public
infrastructure and development that constitute blight as defined in Section 31-25-103(2) of the
Urban Renewal Act; and
WHEREAS, the Vail Town Council supports the creation of advisory boards consisting of
business and property owners located within any future Urban Renewal Authority district(s); and
WHEREAS, it would enhance and facilitate the redevelopment of the Lionshead area if
public infrastructure could be enhanced and redeveloped using the financial mechanisms
authorized by the Urban Renewal Act; and
WHEREAS, the Vail Town Council does not believe that the use of condemnation for the
purpose of acquiring property from one private owner for conveyance to a third-party private
developer is necessary nor desirable;
WHEREAS, the Vail Town Council believes that any condemnation by the Vail
Reinvestment Authority should be undertaken with the concurrence of the owner of the
underlying fee interest; and
WHEREAS, the creation of an urban renewal authority for the Town of Vail would assist
in the redevelopment of public infrastructure.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Vail, that:
1. There exist in the Town of Vail at least one blighted area and that the
development or redevelopment of that area is necessary in the interest of the public health,
safety, morals, or welfare of the residents of the Town of Vail.
2. It is in the public interest that the Vail Reinvestment Authority be created and be
authorized to exercise those powers provided in the Urban Renewal Law.
3. Pursuant to C.R.S. Section 31-25-115, the Town Council of the Town of Vail shall
serve as the governing body for the Vail Reinvestment Authority. The members of the Town
Council shall serve in that capacity on the Vail Reinvestment Authority during the term of their
office as a member of the Town Council and shall automatically cease to be a member of the
MUR\57037\991917.01 Resolution No. 12, Series of 2003
Vail Reinvestment Authority when, for any reason whatsoever, they cease to be a member of
the Town Council.
INTRODUCED, READ, APPROVED AND ADOPTED this 4th day of November, 2003.
i.l
Ludwig Kurz, 1FA~yor, Town of Vail
ATTEST: ~'' ~~~-;~'~~
Vi-.~~~~_
L~lei,/Donaldson, Town Clerk
2 Resolution No. 12, Series of 2003