TC Res. No. 2016-39 Providing Funding for Landscaping and Heat Recovery Avon HotelTOWN OF AVON
RESOLUTION 16 -39
SERIES OF 2016
A RESOLUTION PROVIDING FUNDING FOR LANDSCAPING AND
HEAT RECOVERY UTILITY IMPROVEMENTS RELATED TO THE AVON
HOTEL, TOWN OF AVON, COLORADO
WHEREAS, the Town Council of the Town of Avon approved Findings of Fact
and a Record of Decision for a Major Development Plan and Alternative Equivalent
Compliance application for the Avon Hotel located on Lot B; and
WHEREAS, the Avon Urban Renewal Authority has an adopted Urban Renewal
Plan for the Town Center West Area, which specifies the objectives and uses of funds
which accrue to the Urban Renewal Fund; and
WHEREAS, Treadstone Development LLC has requested the funding of heat
recovery in a public - private partnership, which are uses of funds authorized by the Urban
Renewal Plan for the Town Center West Area; and
WHEREAS, the Avon Hotel project will enhance the vibrancy of the Town
Center West area with increased visitors to the Town and beautification of underutilized
property with landscaping and other aesthetic improvements; and
WHEREAS, leveraging and expanding the Heat Recovery system to serve the
Avon Hotel presents an alternative heating source that reinforces the Town Council's
stewardship goals outlined in the 2017 -18 Strategic Plan; and
WHEREAS, the project is located in the Town Center West Area and expected to
generate significant increases to assessed valuation of the Lot B property, and in turn long
term financial benefits to the Urban Renewal Fund;
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF
THE TOWN OF AVON, COLORADO:
Section 1. The Town Council authorizes the transfer of $20,000 from the 2016
General Fund Contingency line item to the Buildings and Facilities budget for the
purpose of engaging a professional engineer to study the capacity of the Heat Recovery
system to verify there is excess capacity to serve the new Town Hall and the needs of the
Avon Hotel project, to estimate costs of pipe system extension and to develop the
methodology for utility charges; and directs that a budget amendment be prepared to
reimburse the General Fund from the 2017 Urban Renewal Fund, for consideration by the
Urban Renewal Authority.
Section 2. The Town Council approves $40,000 from the Urban Renewal Fund,
subject to review of Heat Recovery system expansion report prepared by profession
engineer for the design and construction to extend the Heat Recovery pipe system to the
Lot B property line for use by the Avon Hotel development, and the Urban Renewal
Authority approving a budget amendment,;
ADOPTED this 13th day of December, 2016.
SEAL
ATTEST: Lt1R0"
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Debbie Hoppe
Town Clerk
TOWN OF AVON, COLORADO
Je ie Fancher
Mayor