Request for Council Action for Resolution 2003-50 REQUEST FOR COUNCIL ACTION

RESOLUTION: 2003-50

SUBJECT: A resolution authorizing the City Manager to execute the Redevelopment Agreement between the City of Lakewood, the Lakewood Reinvestment Authority and Wal-Mart Stores, Inc.

ADDRESS: Colfax/Wadsworth Reinvestment Area

RECOMMENDATION: Approval

FUNDING SOURCE: N/A

SUMMARY AND BACKGROUND OF SUBJECT MATTER: This resolution and the accompanying action authorizes the City Manager to execute the Redevelopment Agreement between, the City of Lakewood, the Lakewood Reinvestment Authority, and Wal-Mart Stores, Inc., in substantially the form as Exhibit 1 attached hereto at the appropriate time, and to take such actions as are necessary to implement the terms of the Redevelopment Agreement.

RESOLUTION ADOPTION DATE: June 30, 2003

ORIGINATED BY: Rebecca P. Clark, LRA Director

STAFF PERSON RESPONSIBLE: Rebecca P. Clark, LRA Director, 303-987-7525

DOCUMENTS ATTACHED: Resolution 2003-50
Exhibit 1

SUBMITTED BY:
Rebecca P. Clark, Deputy Director of Community Planning & Development
Frank Gray, Director of Community Planning & Development

REVIEWED BY:
Joni Inman, Director Mayor and City Manager's Office
Michael J. Rock, City Manager