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HomeMy WebLinkAboutEPURA RESOLUTION 266CoRESOLUTIONNO.266ARESOLUTIONAUTHORIZINGTHEESTESPARKURBANRENEWALAUTHORITYTOENTERINTOAJOINTDEVELOPMENTAGREEMENTWITHNEWSTANLEYASSOCIATES,LPWHEREAS,theBoardofCommissionersoftheEstesParkUrbanRenewalAuthority(Authority)hasdeterminedanddeclaredthatenteringintoaJointDevelopmentAgreementisbeneficial;andWHEREAS,theAuthorityispermittedbylawtoexpendtaxincrementfundstosupporturbanrenewalprojectswithintheurbanrenewalareawithintheTownofEstesPark;andWHEREAS,theJointDevelopmentAgreementisforalawfulpublicpurposeandisincompliancewiththeEstesParkDowntownDevelopmentProgram;andWHEREAS,theAuthorityispermittedbylawtomakeandexecuteallcontractsitmaydeemnecessaryorconvenienttoexerciseitspowers;andWHEREAS,theStanleyHoteliswithintheAuthorityarea;andWHEREAS,theimprovementstobeconstructeddodirectlysupportparking,automobileaccess,andpedestrianaccesstoStanleyHall,abuildingleasedbytheTownofEstesPark.NOW,THEREFORE,BEITRESOLVEDBYTHEESTESPARKURBANRENEWALAUTHORITYTHAT:TheChairmanisauthorizedtoexecutetheJointDevelopmentAgreementinsubstantiallytheformattachedhereto.ADOPTEDthis21tdayofDecember1998.ESTESPARKURBANRENEWALAUTHORITY22-ChairmanSecretary