City of Brighton - File #: ID-230-21

• File #: ID-230-21
• Version: 1
• Type: Resolution
• Status: Agenda Ready
• File created: 8/5/2021
• In control: City Council
• On agenda: 9/7/2021
• Title: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BRIGHTON, COLORADO, AUTHORIZING THE GRANT AGREEMENT WITH ADAMS COUNTY FOR GRANT FUNDING IN THE AMOUNT NOT TO EXCEED TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00) FOR THE HSV TARGET PROPERTY #1; ACKNOWLEDGING A GRANT MATCH FROM GREAT OUTDOORS COLORADO (GOCO) OF ONE MILLION FIVE HUNDRED TWENTY SEVEN THOUSAND DOLLARS ($1,527,000.00); ACKNOWLEDGING THE PRIVATE CONSERVATION BUYER MATCH OF TWO MILLION NINE HUNDRED FIFTY THOUSAND DOLLARS ($2,950,000.00); AUTHORIZING THE CITY’S MATCHING OBLIGATION OF ONE MILLION SEVEN HUNDRED THIRTEEN THOUSAND DOLLARS ($1,713,000.00); AND AUTHORIZING THE CITY MANAGER TO SIGN AND EXECUTE THE GRANT AGREEMENT

Department of Parks and Recreation
Reference: Adams County Great Outdoors Colorado (GOCO) Grant for the HSV Target Property #1

To: Mayor Gregory Mills and Members of City Council
Through: Jane Bais DiSessa, City Manager
Marv Falconburg, Deputy City Manager
Prepared By: Mark Heidt, Assistant Director of Parks & Recreation Development and City's Bicycle Program Coordinator
Through: Travis Haines, Director of Parks and Recreation
Date Prepared: August 5, 2021
PURPOSE
A Resolution authorizing the City of Brighton enter into a Grant Agreement with Adams County, for grant funding in the amount not to exceed $2,500,000.00 for the "HSV Target Property #1"; acknowledging the Great Outdoors Colorado (GOCO) matching grant funding of $1,527,000.00; acknowledging the Private Conservation Buyer's match of $2,950,000.00; authorizing the City's matching obligation of $1,713,000.00; and authorizing the City Manager to sign and execute the Grant Agreement.


STRATEGIC FOCUS AREA
Facilities, Amenities, and Open Space


BACKGROUND
The "HSV Target Property #1" is a farmland acquisition in the Historic Splendid Valley located in south Brighton. The Parks and Recreation Department Staff and Conservation Trust have been meeting with the land owner of this farmland property. The Splendid Valley District Plan shows this property within the boundary of the District.

The total cost for the HSV Target Property #1 is estimated at $8,690,000.00. This acquisition project is the combination of this grant request, GOCO matching grant funding, a Private Conservation Buyer matching funds, and the City's matching funds. This Adams County Open Space Passive Grant funding of $2,500,000.00 (28.8% of total) matches GOCO grant funding of $1,527,000.00 (17.6% of total), a Private Conservation Buyer match of $2,950,000.00 (33.9% if total), and the City's cash match of $1,713,000.00 (19.7% of total). The City has budgeted the match of $1,713,000.00 in the 2021 Recreation Capital (Open Space Acqu...