OGDEN -- The city council decided Tuesday night to continue until Nov. 1 a public hearing on a request from the administration to use about $1 million in Business Depot Ogden lease revenues to help revitalize east central neighborhoods.
The continuance is needed to allow the city council more time to study the request, said Bill Cook, the council's executive director.
Specifically, the administration is requesting $550,000 for its infill housing program, which would refurbish or reuse existing homes that are in poor condition or, in some cases, build new dwellings on lots.
The administration also wants $250,000 for its unit- reduction program, which aims to reduce or eliminate rental units in single-family homes to stabilize neighborhoods.
In addition, the administration is seeking $287,000 in BDO lease revenue for infrastructure improvements in east central Ogden, including new sidewalks, curb and gutter, and water utility improvements.
During a public comment session Tuesday night, the only person who addressed the city council on the request was Virginia Hernandez Reza. Reza told the council she plans to email them several questions about the request.
The $1 million allocation would leave about $500,000 available in BDO lease revenues for fiscal 2012, said Janene Eller-Smith, a city council analyst.
Ogden and The Boyer Co., which manages BDO for the city, evenly split profits derived from the lease of buildings at the 1,200-acre complex off 12th Street.
Following the payment of bond debt shortages at The Junction, 50 percent of the balance from lease revenues is used for capital improvement projects and the rest is available for discretionary purposes.
See what the Weber County Forum says: http://wcforum.blogspot.com/2011/09/standard-examiner-hearing-on-bdo-lease.html
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