HomeMy WebLinkAbout2882 Resolution RESOLUTION NO. 2-$02_
A RESOLUTION reimbursing Nicholson Investment Properties, Inc. for a
portion of the costs incurred for the underground conversion of electrical utilities in
the downtown area.
WHEREAS, the existence of overhead electric and communication facilities, particularly in
the older downtown commercial area, fosters visual clutter as well as potential electrical hazards,
both of which can be eliminated by their conversion to underground facilities; and
WHEREAS, the high cost of converting overhead electric and communication facilities to
underground is often a deterrent to the inclusion of such elements in redevelopment projects; and
WHEREAS, RCW 35.96.010 explicitly declares underground conversion of overhead
facilities to be a substantial benefit to public safety and welfare, is in the public interest and is a
public purpose; and
WHEREAS, on July 5, 2005, the City Council adopted Resolution #2880 establishing
specific criteria for providing financial assistance for the undergrounding of overhead electrical
service; and
WHEREAS, the City Council finds the Rite-Aid redevelopment project sponsored by
Nicholson Investment Properties to be a substantial advancement in the rehabilitation of the
downtown area and further finds that the voluntary conversion of existing overhead electrical utilities
adjacent the project by the project sponsor should be encouraged by way of financial participation by
the City.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO,
WASHINGTON DOES RESOLVE AS FOLLOWS:
Section 1. The City Council authorizes the City Manager to reimburse Nicholson
Investment Properties for 50 percent of the cost of undergrounding electrical utilities for the
downtown Rite-Aid project; said reimbursement not to exceed $32,500.
PASSED by the City Council of the City of Pasco, this JL day of ,2005.
CITY OF PASCO:
Michael L. Garrison
Mayor
ATTEST: APPROVED AS TO FORM:
Sandy L. K6iworthy Leland B. Kerr
Deputy City Clerk City Attorney