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CITY OF CENTRAL, COLORADO <br /> ORDINANCE 20-10 <br /> i <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CENTRAL <br /> COLORADO AMENDING SECTION 8-7-130 AND ADDING SECTIONS 4-6-40, 15-1- <br /> 110 AND 18-1-60 TO THE MUNICIPAL CODE,AND AMENDING CERTAIN <br /> SECTIONS OF THE CITY OF CENTRAL LAND DEVELOPMENT CODE <br /> WHEREAS,the City of Central (the"City")is authorized under its home rule charter and <br /> Title 31 of the Colorado Revised Statutes (C.R.S.) to adopt and amend ordinances in furtherance <br /> of governmental administration and the City's police powers; and <br /> WHEREAS, the City has previously entered into that certain Intergovernmental <br /> Agreement with the Central City Business Improvement District ("District") dated January 11, <br /> 2001, as amended by Amendment No. 1 to Intergovernmental Agreement dated April 1, 2003 ' <br /> ("Amendment No. I"), Amendment No. 2 to Intergovernmental Agreement dated November 9, <br /> 2004 ("Amendment No. 2"), and Amendment No. 3 to Intergovernmental Agreement dated <br /> October 15,2019 ("Amendment No. 3") (together,the"Intergovernmental Agreement"); and <br /> WHEREAS, Section 4.7 of the Intergovernmental Agreement provides for the inclusion <br /> of commercial property into the boundaries of the District;and <br /> WHEREAS,Amendment No. 3 amended Section 4.7 of the Intergovernmental Agreement <br /> to specify certain circumstances when the requirement regarding the inclusion of commercial <br /> property would be applied; and <br /> WHEREAS, City Council desires to adopt this Ordinance to amend certain provisions of <br /> the Municipal Code and the Central City Land Development Code ("Land Development Code") <br /> in order to codify the intent of the City and District in approving Amendment No. 3;and <br /> WHEREAS, the City Council has determined that the adoption of this Ordinance is <br /> legislative in nature and will further the public health,safety,convenience,and the general welfare <br /> of the community; and <br /> WHEREAS, City Council conducted a public hearing, with proper notice provided, to <br /> consider adoption of this Ordinance as required by law. <br /> BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF CENTRAL, <br /> COLORADO THAT: i <br /> k <br /> Section 1. Section 4-6-40 is hereby added to Article VI of Chapter 4 of the Municipal <br /> Code (titled Sale or Trade of Real Property),to read in full as follows: <br /> Sec. 4-6-40. Sale or lease of City property for development or <br /> redevelopment purposes. <br /> i <br /> As a condition precedent to the City's sale or lease of any City-owned property, <br /> where all or a portion of such property is classified as commercial property as <br /> 1 <br />