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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/17/2007 - RESOLUTION 2007- 040 SUBMITTING THE EXISTING CONDI ITEM NUMBER: 20 AGENDA ITEM SUMMARY DATE: April 17, 2007 FORT COLLINS CITY COUNCIL STAFF: Ken Waldo SUBJECT Resolution 2007-040 Submitting the Existing Conditions Survey and Foothills Mall Urban Renewal Plan to the Planning and Zoning Board and the Poudre School District Board of Education, and Ratifying the Submittal of the Plan and Survey to the Larimer County Board of Commissioners. RECOMMENDATION Staff recommends adoption of the Resolution. EXECUTIVE SUMMARY At the March 27, 2007 work session, the Council provided direction to staff to take the necessary steps to bring forward an Urban Renewal Plan for the Foothills Mall area. One of the steps required by Colorado's Urban Renewal Law is for the Council to formally submit the Foothills Mall Urban Renewal Plan to the Planning and Zoning Board for its review and recommendation regarding the Foothills Mall Urban Renewal Plan 's conformance with City Plan, which is the general plan for development of the municipality as a whole. The Council must also allow the Poudre School District and Latimer County to "participate in an advisory capacity." On April 11, 2007, the staff submitted the proposed Plan and Existing Conditions Survey to the Board of the County Commissioners as required pursuant to C.R.S. 31-25-107(3.5)(a). The Planning and Zoning Board is scheduled to review the proposed Foothills Mall Urban Renewal Plan and Existing Conditions Survey on April 19, 2007. The Council is scheduled to conduct a public hearing and consider resolutions approving the Foothills Mall Existing Conditions Survey (a.k.a`Blight Study") and the Foothills Mall Urban Renewal Plan on May 15, 2007. Adoption of Resolution 2007-040, referring the Foothills Mall Urban Renewal Plan and Existing Conditions Survey to the Planning and Zoning Board and to the other respective bodies, does not commit the Council to approving the Existing Conditions Survey and Urban Renewal Plan for the Foothills Mall area at the May 15th meeting. BACKGROUND In 1982, the Fort Collins City Council created an Urban Renewal Authority(URA) and designated itself as the governing board (known as the "Authority"). The boundaries of the URA are the municipal limits. The Fort Collins URA was created to prevent and eliminate conditions related to certain"blight factors" in the community. State Statutes give the URA broad powers to carry out its statutory mandate. Included are the powers to enter into contracts, borrow funds and acquire April 17, 2007 -2- Item No. 20 property voluntarily or by eminent domain,among others. Urban renewal projects maybe financed in a variety of ways. URAs are authorized to borrow money, issue bonds, and accept grants from public or private sources. The principal method of financing urban renewal projects is through obligations secured by property tax or sales tax increments from the project area ("tax increment financing"). An URA exercises its powers by planning and carrying out urban renewal plans in urban renewal areas. In 2004,the City Council adopted an update to City Plan,the City's Comprehensive Plan. Principle GM-8 of City Plan states the following: The City will promote compatible infill and redevelopment in areas within the Growth Management Area boundary. And, Policy GM-8.1 of City Plan states the following: Targeted Redevelopment/Infill. Redevelopment and infill development will be encouraged in targeted areas. The purpose of these areas is to channel growth where it will be beneficial and can best improve access to jobs, housing and services with fewer and shorter auto trips. The targeted areas are parts of the city where general agreement exists that development or redevelopment is beneficial. A major goal is to increase economic activity in the area to benefit existing residents and businesses and, where necessary, provide the stimulus to redevelop. These areas should be defined from City Plan, Subarea Plans,Zoning and locational criteria such as: a. Underutilized land b. Areas already undergoing positive change, which is expected to continue C. Areas where infrastructure capacity exists d. Areas where public investment is warranted from a policy perspective C. Areas with special opportunities, such as where major public or private investment is already planned f. Transportation opportunities: • Along travel corridors • Along enhanced travel corridors City Plan also contains a map (copy attached) which depicts "Targeted Redevelopment Areas"in the Growth Management Area boundary. The Foothills Mall (Area #6) is one of the Targeted Redevelopment Areas. Other selected policies of City Plan include the following: • Policy GM-8.4 Remedy Infrastructure Deficiencies.The City will consider opportunities to selectively correct infrastructure deficiencies in targeted areas, such as storm drainage and streets, so that infill development or redevelopment does not pay an infrastructure "penalty" to remedy past problems in existing developed areas. April 17, 2007 -3- Item No. 20 • Policy GM-8.5 Public Investment. The City will consider opportunities, and the costs and benefits for targeted public investment in order to encourage redevelopment and infill development in appropriate locations. Policy ECON-1.5 Maintain and Expand City Revenue Base.The Citywill ensure that commercial uses that generate the sales and use tax revenues which support the City's financial base are maintained and expanded. The City will also explore other options to expand and diversify its revenue base, including targeted annexations of existing commercial corridors, such as the Mulberry Corridor, as well as revenue sharing agreements with other communities. a. The City will assist in identifying and preserving key undeveloped parcels in appropriate locations for additional commercial activity. b. The City will seek to strengthen existing commercial districts, such as the Downtown, North College, Campus West, and the Foothills Mall. C. The City will seek to maintain and enhance its attractiveness as a place to do business in order to maintain its share of the region's sales and use tax base. In addition to the policies of City Plan,the Foothills Mall redevelopment is identified in the City's Economic Action Plan as the "single most important retail redevelopment initiative in the City." This plan also identified establishment of an urban renewal plan as the"most effective manner for the City to assist in the redevelopment"of the mall. In early 2005, the City was approached by the General Growth Properties, the owners of the Foothills Mall,to recognize the mall as an urban renewal project area and to create an urban renewal plan for it. Before an urban renewal plan for this area can be approved, the area must be found by the City Council to be a"blighted area"as defined in State Statutes. The City obtained the services of a private consultant, Terry Ware Associates of Denver, to develop the Foothills Mall Existing Conditions Survey. Staff and General Growth Properties have developed the Foothills Mall Urban Renewal Plan. Before the City Council can officially approve the Urban Renewal Plan, the State law on Urban Renewal Authorities, specifically Colorado Revised Statutes 31-25-107(2),requires the Council to formally submit the Urban Renewal Plan to the Planning and Zoning Board for its review and recommendation as to the Urban Renewal Plan's conformity with City Plan, the City's Comprehensive Plan, which is the general plan for development of the municipality as a whole. By adopting Resolution 2007-040 the Council will formally submit the Foothills Mall Urban Renewal Plan and Existing Conditions Survey to the Planning and Zoning Board and the Poudre School District Board of Education, and will ratify the April 11, 2007, submission by the staff of the proposed Plan and Existing Conditions Survey to the Board of County Commissioners of Latimer County. These submittals request review by the County and the school district and with respect to the Planning and Zoning Board, requests a written recommendation as to the Plan's conformity with City Plan. Adoption of Resolution 2007-040 does not commit the Council to approve the Foothills Mall Urban Renewal Plan at this time. April 17, 2007 -4- Item No. 20 ATTACHMENTS 1. Redevelopment Targeted g de elopment Areas map from City Plan ATTACHMENT 1 + pi f ✓ P -- AIu14prt1 C _.J 7 Date r• _ + � x I Q r, L va i I ._ __ d" Targeted Redevelopment Areas Areas Identified by .. Subarea Plans(Additional) Redevelopment 1-East Muliberry Corridor 5-Downtown _ Potential Intensification Areas 2-Mason Street Corridor 6-Foothills Mall per Zoning without a Subarea Plan and I n f i I I 3-Campus West 7-CSU Gy! City Limits Source:Fort Collins&EDAW • 4-North College 6-South College 0 0.5 1 Miles 9-CSU Foothills Campus Growth Management Area FIGURE GM-8 City Plan Principles and Policies Growth Management May 4, 200 141 RESOLUTION 2007-040 OF THE COUNCIL OF THE CITY OF FORT COLLINS SUBMITTING THE EXISTING CONDITIONS SURVEY AND URBAN RENEWAL PLAN FOR THE FOOTHILLS MALL TO THE PLANNING AND ZONING BOARD AND THE POUDRE SCHOOL DISTRICT BOARD OF EDUCATION AND RATIFYING THE SUBMITTAL OF THE PLAN AND SURVEY TO THE LARIMER COUNTY BOARD OF COMMISSIONERS WHEREAS, the Council of the City of Fort Collins has heretofore established an Urban Renewal Authority and,on March 27,2007,authorized and directed City staff to prepare an Existing Conditions Survey(a/k/a "Blight Study") and Urban Renewal Plan for the Foothills Mall; and WHEREAS, in response to Council's direction, the staff has worked with Terry Ware Associates to develop the Existing Conditions Survey and Urban Renewal Plan for the Foothills Mall,which Existing Conditions Survey and Urban Renewal Plan are required,pursuant to Colorado Revised Statute 31-25-107, to be submitted to the City's Planning and Zoning Board, the Poudre d the Larimer County Board of Commissioners; and School District Board of Education, an ty , WHEREAS, the Council has determined that the Existing Conditions Survey and Urban Renew Plan for the Foothills Mall should be submitted to the aforesaid boards in accordance with law; and WHEREAS, on April 11, 2007, the staff of the City has already submitted the Existing Conditions Survey and Urban Renewal Plan to the Larimer County Board of Commissioners, and the Council desires to ratify that submittal. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That,in accordance with Section 31-25-107 of the Colorado Revised Statutes, the Existing Conditions Survey and Urban Renewal Plan for the Foothills Mall, attached hereto as Exhibits "A" and "B" respectively, shall be promptly submitted by the City Manager to the City's Planning and Zoning Board and the Poudre School District Board of Education with specific instructions to the Planning and Zoning Board to review the Existing Conditions Survey and Urban Renewal Plan and give written recommendations to the Council within thirty days after receipt of the proposed study and plan, specifically and solely as to whether or not the Existing Conditions Surveyand Urban Renewal Plan comply with the Ci s Comprehensive Plan(City Plan). P Y � P ( tY Section 2. That the City Manager is hereby authorized to submit to the Planning and Zoning Board, the Poudre School District Board of Education and the Larimer County Board of Commissioners any impact reports or substantive amendments to,or updates of,the Urban Renewal Plan, so as to ensure compliance with the requirements of the Colorado Urban Renewal law. Section 3. That the City Manager's submittal to the Larimer County Board of Commissioners on April 11, 2007, of the Existing Conditions Survey and Urban Renewal Plan is hereby affirmed and ratified as the submittal of the same by the City Council. Passed and adopted at a regular meeting of the City Council held this 17th day of April,A.D. 2007. Mayor ATTEST: City Clerk EXHIBIT "A" FOOTHILLS MALL EXISTING CONDITIONS SURVEY City of Fort Collins .,«,�,_-� .' ` ... . . \ • fir' . , ,�/ IF IF ). it t ., C '4 f , .� a 1 i.� ~. . ., n• �o pe FIFO FF .[`� / t .. . . ~ 7. w '+,. S cP ` C # �4 a • IF r w a. .At, FIR [ a` IF IF IF l 1 — Y - - [ ;•. 1• [ .IOweO[ M Z .. . . I �, v' - '� `' �• 1 1. 1i� erg ` A• •�• L , 0 �..f a. .1. . . . 1.4�� i y � R tia. �� ?vim •.. May 15 , 2007 Prepared by: Terrance Ware + Associates Table of Contents 1 .0 Blight Survey Definition and Scope 2 2.0 Survey Methodology 4 3.0 Foothills Mall Blight Survey Area Description 5 3. 1 Location and Boundaries 5 3.2 Existing Land Use 7 3.3 Existing Planning and Zoning 7 4.0 Determination of Blight 10 4. 1 Slum, Deteriorated, or Deteriorating Structures 10 4.2 Predominance of Defective or Inadequate Street Layout 11 4.3 Faulty Lot Layout 11 4.4 Unsanitary or Unsafe Conditions 11 4. 5 Deterioration of Site or Other Improvements 12 4. 6 Unusual Topography or Inadequate Public Improvements 12 4. 7 Buildings that are Unsafe or Unhealthy 12 4. 8 The Existence of Health, Safety or Welfare Factors Requiring High Levels of Municipal Services 13 5 .0 Summary of Findings 14 6.0 Sources 17 Figures Figure 1 : Regional Location Map Figure 2: Base Map Figure 3 : Zoning Map Figure 4: Survey Area Findings Map Appendiccs Appendix I: Photo Inventory Sheets Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 1 - 1 . 0 Blight Survey Definition and Scope The determination that an area constitutes a blighted area is a cumulative conclusion, attributable to the presence of several physical, environmental, social and economic factors . Blight is attributable to a multiplicity of conditions which, in combination, tend to accelerate the deterioration of an area. For the purposes of this survey, the pertinent portion of the definition of a blighted area is articulated in the Colorado Urban Renewal Law (the "Act") , Colorado Revised Statute 31 -25- 103 (2) , as follows : A "blighted" area means " . . . an area that, in its present condition and use and, by reason of the presence of at least four of the following factors, substantially impairs or arrests the sound growth of the municipality, retards the provision of housing accommodations, or constitutes an economic or social liability, and is a menace to the public health, safety, morals or welfare: a. Slum, deteriorated, or deteriorating structures; b. Predominance of defective or inadequate street layout; c. Faulty lot layout in relation to si.Ze, adequacy, accessibility, or usefulness; d. Unsanitary or unsafe conditions; e. Deterioration of site or other improvements; f. Unusual topography or inadequate public improvements or utilities; g. Defective or unusual conditions of title rendering the title non-marketable; A The existence of conditions that endanger life or proper y by fire and other causes; i. Buildings that are unsafe or unhealthy for persons to live or work in because of building code violations, dilapidation, deterioration, defective design, physical construction, or faulty or inadequate facilities; j. Environmental contamination of buildings orproperty; k. 5. The existence of health, safety, or welfare factors requiring high levels of municipal services or substantial physical underutiliZation or vacancy of sites, buildings or other improvements; or 1. If there is no objection by the property owner or owners and the tenant or tenants of such owner or owners, if any, to the inclusion of such properly in any urban renewal area, "blighted also means an area that in its present condition and use and, by reason of the presence of any one of the factors specified in paragraphs (a) to (k.5� of this subsection (2), substantially impairs or arrests the sound growth of the municipality, retards the provision of housing accommodations, or constitutes an economic or social liability, and is a menace to the public health, safety, morals or welfare. For purposes of this paragraph (l�, the fact that an owner of an interest in such properly does not object to the inclusion of such property in the urban renewal area does not mean that the owner has waived any rights of such owner in connection with lawsgoverning condemnation. Several principles have been developed by Colorado courts to guide the determination of whether an area constitutes a blighted area under the Colorado Urban Renewal Law. First, the absence of widespread violation of building and health codes does not, by itself, preclude a finding of blight. Second, the presence of one well maintained building does not defeat a determination that an area constitutes a blighted area. Lastly, an authority's determination as Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 2 - to whether an area is blighted . . . . is a legislative question and the scope of review by the Judiciary is restricted. Thus, the determination of blight (and the application of blight factors) is for an area; blight need not be present (in fact it would be atypical to find blight) on every property, building, street, public improvement or utility. For an area to be termed "blighted" the law does not specify the degree of deterioration or precise percentage of obsolescence of blight factors since the combination and effects of such things are highly variable from one urban renewal plan area to the next. The purpose of an Existing Conditions Suruey is to assist the City Council in deciding whether a study area constitutes a "blighted area" as defined in the CRS 31 -25- 103 (2) , Terrance Ware Associates were retained by the City of Fort Collins to conduct an independent survey of the Foothills Mall and to determine if it constitutes a blighted area as defined above. Based upon the conditions existing in the Survey Area, this document will make a recommendation as to whether the Survey Area contains the characteristics of a blighted area. The actual determination itself remains the responsibility of the City of Fort Collins. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 3 - 2 . 0 Survey Methodology An important objective of this Survey is to obtain and evaluate data, where possible, on a wide range of physical and non-physical conditions present in the Survey Area. Data was collected from various public agencies and field research was conducted on these various topics : parcel and ownership patterns and history; traffic, circulation and parking; utilities; street, building, and site conditions ; land use; environmental conditions; and compliance with the City of Fort Collins's City Plan and city ordinances . Supplemental information was sought from various professionals and public agencies concerning the conditions of public facilities, services and issues in the Survey Area. Several variables have been considered, as required by the state statutes. The Existing Conditions Survey is divided into several tasks as follows : Task 1 : Collect base data associated with the project and research, as well as prepare base maps of, existing conditions for the Foothills Existing Conditions Survey Area Task 2: Conduct interviews with individuals from various departments within the City of Fort Collins and Larimer County. Task 3: Conduct field surveys to determine if conditions of blight, as defined in the Act, exist in the Survey Area Task 4: Document survey findings in graphic and report forms, and present the findings as required by the signed contract Information for this survey has been gathered from four principal sources: ■ Examination of existing reports and records of the City of Fort Collins and other public and quasi-public agencies; ■ Interviews with existing staff of General Growth Properties, owners and operators of the Foothills Mall; ■ Interviews with existing and former staff in various operating departments of the City of Fort Collins and Larimer County; and ■ A comprehensive field investigation of conditions in the Survey Area. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 4 - 3 . 0 Foothills Mall Existing Conditions Survey Area Description 3.1 Survey Area Location and Boundaries The Survey Area is located within the City of Fort Collins which is part of Larimer County, Colorado. It is located approximately 60 miles north of Denver and adjacent to the communities of Timnath, Windsor, and Loveland. The Foothills Mall Existing Conditions Survey Area is a rectangular shaped area of approximately 72 -acres, bounded by East Swallow Road on the north, Stanford Road on the east, South College Avenue on the west and the extension of Monroe Drive on the south. (see Figure 1) . The topography of the area gently slopes to the east. No major landforms or grades are present within the area. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 5 - FORT COLLINS t Foothills Mall INN ' ' _ ` • w or Ire tow w swni.Low Rn - � E SWALLOW RD _ tT • .► " . L t * cc �' R}} r F 1 1 . < w " + .f : oft U OWN 64 •� or 0 fG, r . y of WF0'iliil LS nN WY A I� 7. - wit1 J 4 All ` . •> �: �• • r - yt a — a. EMONROE DR b m RIfa.� .. • _. lNa wr . . . •a a+ r .. . - or s IN r w y I e1 - �r • ter to ' - ♦1� yi4 � R '� t ap i ORSETOOTN RD ip to- E RORSE700r1W0 a .} • ' Jo Ak Ael kk I _ - - - , � iJ •' a n'. '. AddlSaMK _ .µ 1. Existing Conditions Survey Figure 2: Survey Area Boundaries nN 0 150 300 600 A Feet Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Dare Associates - 6 - 12 Existing Land Use The Foothills Mall Existing Conditions Survey Area is composed primarily of commercial, retail, and office uses. Single-family, duplexes and multi-family residential structures front on Swallow Road, but are not included in the study area boundaries . Foothills Mall is the predominate structure in the study area - surrounded by several pad buildings containing one or more retail, restaurant and/or office users . The Mall opened in the fall of 1973 and has been expanded twice — in 1980 and again in 1989 . Currently, the land area is approximately 100% developed. 3.3 Existing Planning and Zoning 3.3 . 1 Existing Planning The 2004 Fort Collins City Plan - Comprehensive Plan (the Plan) is the applicable land use policy for the area. The Foothills Mall lies within an area identified on the Structure plan Map as a Community Commercial District (CCD) which the Plan describes as : a " . . . hub of high frequency transit system offering retail, offices, services, small civic uses and higher density housing. The physical environment will promote walking, bicycling, transit use and ridesharing, as well as provide a high quality urban life for residents . Vertical mixed-use (multi-story buildings) will be encouraged with housing and/ or offices located above ground-floor retail and services. The Foothills Mall is also identified in City Plan as a "Targeted Redevelopment Area." A targeted area is a part of the city where general agreement exists that redevelopment is beneficial. A major goal of City Plan is to increase the economic activity in a targeted area and, where necessary, provide a stimulus to redevelop. The City of Fort Collins Land Use Code (the Code) is the applicable regulation for the Study Area, including the Zoning Ordinance and the Site Development Standards. Some of the Code's standards pertaining to the Study Area include: screening trash and mechanical equipment, placement of street lighting, placement of electric and communication utilities, compliance with ADA Standards, and the use of conforming signage in the area. 3.3 .2 Existing Zoning The zoning map provided shows zoning in the Foothills Mall Existing Conditions Blight Survey Area (see Figure 3) . Currently, the study area is zoned Commercial District (C) . The Commercial District is intended to be a setting for development, Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 7 - redevelopment and infill of a wide range of community and regional retail uses, offices and personal and business services. Secondarily, it can accommodate a wide range of other uses including creative forms of housing. While some Commercial District areas may continue to meet the need for auto- related and other auto-oriented uses, it is the city ' s intent that the Commercial District emphasize safe and convenient personal mobility in many forms, with planning and design that accommodates pedestrians. The zoning pernuits a wide variety of uses including: civic, public, institutional, residential, office and retail uses . Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 8 - FORT COLLINS Foothills Mall RL t t t r C MMN wrwnn of -=MAE- 3 N KYff.00M f0 [uOlt[IO�Iu u� ® Existing Conditions Survey L•gepticelfwth Parcel WrMer City ZOWng OWrdumDfmtyMnfE-Ule %mghEoncco FIGURE 3: ZONING N C ifv of Ioff Cullim Cfnwa Twcfi - Cam l _ low pfmty ResAfmui ��C �C 4�F F881 Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 9 - 4 . 0 Determination of Blight The significant findings of the Foothills Mall Existing Conditions Survey Area are presented in this section. This evaluation is based on an analysis of documents and reports, interviews, and several field surveys conducted in July and August 2006 and, January 2007 . Each parcel and building along with all public improvements within the survey area were evaluated and deficiencies noted. Field inventory forms are provided in Appendix II . The purpose of this existing conditions survey is to determine whether conditions of blight as defined by the Act, exist in the survey area. The following standards were applied to aid our consideration of structures and improvements: Standard, Sound These buildings or sites contain no or relatively minor defects, are adequately maintained and require no treatment outside of normal ongoing maintenance. Substandard, Minor Deficiencies These buildings or sites contain deficiencies which require minor/major repairs to secondary structural elements, such as fascia/ soffits, gutter/downspouts, exterior finishes, windows, doors, stairwells and fire escapes . Sites with surface pavement deterioration of 25-75% of the survey area are considered minor deficiencies. These types of deficiencies might possibly be corrected through normal maintenance, however, replacement or rebuilding of components by people skilled in the building trades is recommended. Substandard, Major Deficiencies These buildings or sites contain major defects over a widespread area and would be difficult to correct through normal maintenance. Buildings in the major deficiency category would require replacement or rebuilding of components by people skilled in the building trades. Sites with surface pavement deterioration of 75% or more of the survey area are considered major deficiencies. The following conditions were observed in the Survey Area, and the factors that contribute to the blight conditions are described below. They are not listed in order of importance. Representative photos showing blight conditions in the Foothills Mall Existing Conditions Survey Area are provided in Appendix I. 4.1 Slum, Deteriorated, or Deteriorating Structures Within the Foothills Mall Existing Conditions Survey Area, all of the structures show evidence of minor deterioration. Most of the structures have deteriorating exterior finishes, caused by weathering and a lack of maintenance. Exterior walls, facades, and fencing require painting, trim repair, and/or tile replacement. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance lure Associates - 10 - The Mall building(s) itself and the majority of the pad buildings have signs of major building deficiencies, both exterior and interior. This includes primarily major building infrastructure components such as HVAC, lighting, gas, electrical, sanitary sewer, drainage, fire protection and telecommunication facilities . These issues are shared by many of the pad buildings surrounding the mall as well. The costs of repairing or replacing the building systems are greater than the value of the buildings resulting in economic obsolescence and general deterioration of the site and area. 4.2 Predominance of Defective or Inadequate Street Layout Parking lot striping is faded or non-existent which makes vehicular circulation confusing and unsafe. A lack of directional aids (signage, landscape islands and curbs) within the parking facilities is a leading contributor to vehicular accidents due to confusion of motorists of travel laneage and legitimate parking areas . Loading docks for the mall extend into drive lanes and across sidewalks and pedestrian routes. The physical configuration of the mall creates confusing street patterns, unexpected intersections, access points and poorly located vehicular and pedestrian routes . 4.3 Faulty Lot Layout The size and overall configuration of the site is a significant constraint to redevelopment of the properties as well as the provision of safe vehicular access and off-street parking facilities . The physical orientation of the mall building restricts expansion or modification of the mall without significant site impacts, severely restricting the redevelopment of the parcels . 494 Unsanitary or Unsafe Conditions There were many examples of this factor. Several of the properties lack sufficient lighting around the building and surrounding parking and access areas. Weeds, trash and other debris were present in the survey area. Adequate drainage facilities lack capacity. This includes curb and gutters, culverts, and drainage channels which are needed to convey stormwater away from the existing facilities . These factors have resulted in the deterioration of the paved areas as well as created hazards for pedestrian movement throughout the study area. During winter months these areas freeze creating hazardous situations for vehicular travel. Sidewalks are missing along College Avenue and other sidewalk segments are inadequate in size and condition, failing to meet ADA standards . Pedestrian facilities connecting the outparcels and the mall are non-existent leaving pedestrians to navigate the haphazard parking lot and drives between these uses . Loading areas extend into drive aisles and onto sidewalks. This creates on-going hazardous situations for pedestrian circulation. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance bare Associates Elevation changes in the Mall's interior create potential hazardous slip and fall situations, and are difficult for the elderly and disabled to navigate due to the unusual angles and slopes on stairs and ramps. Vandalism, crimes against property, auto theft and graffiti have increased dramatically over the previous two years. This may be attributable to inadequate lighting and distribution of parking facilities in isolated locations, and a loss of tenants and activity on-site due to the increase vacancies . 43 Deterioration of Site or Other Improvements Deferred maintenance is the most common cause of site deterioration within the Study Area. This includes neglect of landscaping, and vacant areas, exterior finishes of existing structures, parking lot surfacing, and business signage. Several buildings within the study area have graffiti on at least one exterior surface. Several of the buildings within the study area have unscreened trash disposals and service areas . Overhead utilities exist throughout the site. Although they are not physically present on every lot, they are visible from vantage points within the Study Area. The building systems are nearing the end of their life cycle and are in need of replacement as many of the systems are obsolete and unable to be repaired because parts are no longer available. This includes all basic HVAC, plumbing, fire suppression, telecommunications and electrical components, extending to mechanical doors at entryways . Drainage on the 72 - acre parcel is highly inadequate. There are only six drains to facilitate drainage for the entire property. This causes significant back ups often resulting in flooding during heavy rainstorms . On the south side of the mall from the Wells Fargo/Mall intersection to the JC Penney building a small river forms creating vehicle and individual safety concerns. Water routinely expands eight feet across the walkway six to eight inches in depth. 4.6 Unusual Topography or Inadequate Public Improvements or Utilities There is lack of sufficient lighting, adequate sidewalks, and drainage facilities. In addition, most of the site infrastructure including drainage, irrigation, water, sanitary and storm systems are nearing the end of their life cycle and are in need of replacement. Also overhead utility lines occur within the Study Area. 4.7 Buildings that are Unsafe or Unhealthy for Persons To Live or Work A number of instances of poor or unsafe ingress / egress were noted, where building exits place occupants directly into the vehicular path in alleys. Also several buildings fail to meet the Americans with Disabilities Act (ADA) for ingress and egress. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance lure Associates - 12 - The building systems are nearing the end of their life cycle and are in need of replacement as many of the systems are obsolete and unable to be repaired because parts are no longer available. This includes all basic HVAC, plumbing, and electrical components. 4. 8 The Existence of Health, Safety or Welfare Factors Requiring High Levels of Municipal Services or Substantial Physical Underutilization or Vacancy of Sites, Buildings, or other Improvements. Several interior tenant spaces are vacant or underutilized, as are several pad sites around the mall. This is due to the growing physical obsolescence of the mall building and physical constraints to redevelopment of the site. The underutilization of these properties leads to reduced revenues and subsequent reduced investment. Over time this will cause deterioration of the site and buildings as the costs exceed revenue. Increased vandalism and crime result in greater police services . Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance lure Associates - 13 - Summary of Findings It is the conclusion and recommendation of this survey that the Foothills Mall Existing Conditions Survey Area, in its present condition and use, is a blighted area as defined in Colorado Revised Statute / 31 -25- 103 (2) . By reason of the presence of numerous factors identified in Section 103 (2) of the Urban Renewal Law and discussed above in Chapter 4, the Survey Area substantially impairs or arrests the sound growth of the City of Fort Collins, retards the provision of housing accommodations, constitutes an economic or social liability, and is a menace to the public health, safety, morals and welfare. While some properties in the Survey Area are in standard or sound condition, deteriorated and substandard conditions are prevalent throughout the area. It should be noted that this conclusion is for the Survey Area as a whole and is not based on separate individual properties . As described in this survey, conditions existing in the Survey Area constitute at least four of the factors or incidents indicative of a blighted area. The conclusion of this survey is based on the following summaries of the seven blighted conditions found in the Survey Area and described previously in this report: 1 . Predominance of Defective or Inadequate Street Layout. Inefficient internal circulation, improperly located access points, and faded parking striping create confusion for vehicular circulation within the Study Area. 2. Faulty Lot Layout. Lot size and shape constrain development of the site. Parking facilities, vehicular and pedestrian facilities are impacted by the lot size and configuration. 3. Unsanitary or Unsafe Conditions . This results from one or more of the above conditions and (a) Unsafe vehicular and pedestrian access (b) pavement deterioration, (d) accumulation of weeds, trash, and debris, ( vacant structures and tenant spaces, (g) poor site drainage, (h) elevation changes within the structure and (i) poor site lighting. 4. Deterioration of Site or Other Improvements . Obsolesce of site infrastructure and building systems (electrical, water, telecommunications, drainage, etc.) contribute to the overall deterioration of the site. 5 . Unusual Topography or Inadequate Public Improvements or Utilities . Inadequate sidewalks, parking, roadways vehicular, drainage facilities, sanitary and storm systems and utilities . 6. Buildings that are Unsafe or Unhealthy. Poor and unsafe ingress and egress at several buildings within the study area is present. Major building systems in need of Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance lure Associates - 14 - repair or replacement due to deterioration or capacity. Vandalism and property crimes also occur within the study area. 7. The Existence of Health, Safety or Welfare Factors Requiring High Levels of Municipal Services or Substantial Physical Underutilization or Vacancy of Sites, Buildings or Other Improvements . Several interior tenant spaces are vacant or underutilized, as are several pad sites around the mall. This is due to the growing physical obsolescence of the mall building and physical constraints to redevelopment of the site. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance lure Associates - 15 - FORT COLLINS Foothills Mall ps } 1 , DEL GLAIR RD � + �v7•� OA lks? , I - . r Ile Sit AP z 1 pp ir IL Loading area&eaten ✓ ! drive langra siclga� . s �� 4 °o � .%; N Building • 414P , 1 S constrai to TNILLS PKWY > 17' /'`. configL io t RL ic 1 ' N r•}" Mi ; sin <idP •alk ` . �f _--IS / pl'T K r 41 it\W %� .'. r� 1 ' v t ' . •t _ o i . � ' , .. ► tea_ ` Et • . • h ! MONROE OR r Poorly defifled circtila#P its •I • r +< ; t le 7V MfiNNOr DN• I • � L �1 r • u • Y• ` � 1 � � ' MINE 41 Ito 1 .• , 1t,. ..� fly — . ..t ` I , i.� pti`- t Alf qA 1971ORSETDOT RD - — w — EKORGETOOr1YtD A4I : _ it 1 Existing Conditions Survey Figure 4: Survey Finding Examples n(v ritynt Fon Collin. 0 150 300 600 A (wavAl-ku 1•In,•uilt, Feet Foothills Mall Existing Conditions Su1Vey — City of Fort Collins Terrance Dare Associates - 16 - 6 . 0 Sources City of Fort Collins, 2003 City Plan, City of Fort Collins, Municipal land Use Code, City of Fort Collins, Website, http ://www. fcgov. com/ Kimberly Straw, AICP, City Planner, Urban Renewal Authority Cynthia Eichler, General Manager, Foothills Mall, General Growth Properties, Inc. Paul Brown, Operations Manager, Foothills Mall Lori Frank, City of Fort Collins Police Department Doug Martine, City of Fort Collins Electric Project Engineering Supervisor Marsha Hines-Robinson, City of Fort Collins Floodplain Administrator Jon Cowling, Assessors Office, Larimer County Jeremy Reese, Sales Tax Manager Terrance Ware Associates Field Surveys, July and August 2006; January 2007. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance lure Associates - 17 - A1212endices I . Photo Inventory Sheets Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance bare Associates A1212endix I Photo Inventory Sheets 4A Unsanitary or Unsafe Conditions 4.8 Inadequate Public Improvements or Utilities Lack of pedestrian facilities along College Avenue. 4.4 Unsanitary or Unsafe Conditions Lack of definition of vehicular routes or pedestrian facilities in parking areas . Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Vare Associates - 19 - , r ram , a _ ` Y - r j ' v n 43FaultyLot Layout Lot size and shape constrain development of the site. Parking facilities, vehicular and pedestrian facilities are impacted by the lot size and configuration. The configuration of mall on this sit, and the sites size create these conditions . 4.4 Unsanitary or Unsafe Conditions The lack of adequate loading facilities impacts the safety of vehicles and pedestrians. rt NFF Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance lure Associates - 21 - 4.4 Unsanitary or Unsafe Conditions Drainage and access are poor throughout the study area. 43 Deterioration of Site or Other Improvements Deferred maintenance is the most common cause of site deterioration within the Study Area. Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 22 - Foothills Mall Existing Conditions Survey — City of Fort Collins Terrance Tare Associates - 23 - EXHIBIT "B" FOOTHILLS MALL Urban Renewal Plan City of Fort Collins Prepared for : City of Fort Collins and Fort Collins Urban Renewal Authority May 15 , 2007 Foothills Mall Urban Renewal Plan 1 Table of Contents 1 . Preface and Intent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 . Finding of " Blight " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 3 . Plan Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Foothills Mall Redevelopment Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 05 4 . Renewal Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 5 . Development Standards and Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 6 . Conformance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 UrbanRenewal Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 CityPlan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 IN ve 7 . Project Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Property Tax Increment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 10 SalesTax Increment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Tax Increment Reimbursement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 8 . Modifications to the Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 9 . Reasonable Variations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Appendix A - Legal Descriptions Foothills Mall Urban Renewal Plan 2 EXHIBIT `B" 1 . Preface and Intent The Foothills Mall Urban Renewal Plan ( Plan ) is an Urban Renewal Plan prepared for the Fort Collins Urban Renewal Authority ( Authority ) and the City of Fort Collins ( the City ) , pursuant to the provisions of the Urban Renewal Law , Colo . Rev . Stat . § § 31 - 25 - 101 et seq . ( Urban Renewal Law ) . Terms used in the Plan have the same meaning as in the Urban Renewal Law . The jurisdictional boundaries of the Authority are the same as the boundaries of the City . Within the City boundaries there may be one or more urban renewal areas . This Plan describes the framework for certain public undertakings constituting urban renewal projects and other authorized activities under the Urban Renewal Law in the Foothills Mall area , located in the City of Fort Collins , Larimer County , Colorado . The boundary of the area to which this Plan applies generally includes those properties located within the area generally bounded by : ■ East Swallow Road residences ( rear property lines ) on the north , ■ East Monroe Drive on the south , ■ Stanford Road on the east , and ■ South College Avenue on the west . The plan area is depicted on the Boundary Map located at the end of this document . The legal descriptions of the perimeter boundary and the twelve parcels within the Plan area are attached hereto as Appendix A . This Plan was prepared for adoption by the City Council in recognition that this Renewal Area requires a coordinated , cooperative strategy , with financing possibilities , to eliminate blight and prevent the spread of blight , and accomplish the City 's development objectives for improving the continued viability of the mall and surrounding retail areas . The Plan effort was originated in response to a request by the current owner of the Foothills Mall , General Growth Properties . The mall originally opened in the fall of 1973 and has undergone expansions in 1980 and again in 1989 , but has experienced declining sales and increasing vacancies in recent years with increasing competition from larger and newer retail ventures in Northern Colorado . The recent loss of two major anchor stores , Mervyn 's and JCPenney , at the mall has left larger areas of un - and under- utilized retail space , parking areas , and other areas that are contributing to the escalating blight on the mall properties . Foothills Mall Urban Renewal Plan 3 The driving interest in the establishment of this Plan is to offer tax increment financing as a tool to stimulate and leverage private sector development and redevelopment , to help eliminate blight , and to prevent the spread of blight . Development and redevelopment in the area is anticipated to occur in the near future , with the potential for URA financing to provide the impetus and means to undertake this redevelopment at a faster pace than might occur otherwise . 2 . Finding of " Blight "I Based on the evidence presented at a public hearing , and in the Foothills Mall Existing Conditions Survey , dated May 15 , 2007 , a copy of which is attached hereto as Appendix " B " the City Council , by Resolution 2007 - , made a finding that the Renewal Area was " blighted " as defined by the Urban Renewal Law , by the existence of the following seven factors : ■ predominance of defective or inadequate street layout ; ■ faulty lot layout ; ■ unsanitary or unsafe conditions ; ■ deterioration of site or other improvements ; ■ unusual topography or inadequate public improvements or utilities ■ buildings that are unsafe or unhealthy ; ■ the existence of health , safety , or welfare factors requiring high levels of municipal services or substantial physical underutilization or vacancy of sites , buildings , or other improvements The City Council also found that these factors , taken together, substantially impair the sound growth of the City , constitute an economic and social liability , and are a menace to the public heath , safety and welfare of the community . Based on evidence of the ' blighted " factors , the Renewal Area is appropriate for authorized activities of the Authority pursuant to the Urban Renewal Law . 3 . Plan Objectives The overall objective of this Plan is to remedy blight and prevent the spread of blight by assisting implementation of the relevant provisions contained in the following documents . ■ City Plan (The City of Fort Collins Comprehensive Plan) ■ Fort Collins Infill Infrastructure Report ■ City of Fort Collins Master Transportation Plan ■ City of Fort Collins Economic Action Plan Foothills Mall Urban Renewal Plan 4 EXHIBIT `B" To do this , this Plan is intended to stimulate private sector development in and around the Renewal Area . A combination of private investment and Urban Renewal Authority financing will assist progress toward the following additional objectives : ■ To address and remedy conditions in the area that impair or arrest the sound growth of the city ■ To implement the Comprehensive Plan and its related elements ■ To redevelop and rehabilitate the area in a manner which is compatible with and complementary to unique circumstances in the area ■ To effectively utilize undeveloped and underdeveloped land ■ To improve pedestrian , bicycle , vehicular, and transit - related circulation and safety ■ To ultimately contribute to increased revenues for all taxing entities ■ To encourage the voluntary rehabilitation of buildings , improvements , and conditions ■ To watch for market and / or project opportunities to eliminate blight , and when such opportunities exist , to take action within the financial , legal and political limits of the Authority to acquire land , demolish and remove structures , provide relocation benefits , and pursue redevelopment , improvement and rehabilitation projects . Foothills Mall Redevelopment Objectives The primary focus of the redevelopment efforts at Foothills Mall will be to replace the two vacant anchor tenants , update the common areas of the mall , and provide new offerings that are more in line with the demands of today 's consumers . The redevelopment efforts can be broken into seven distinct areas that will be completed as obstacles to the program are overcome and market forces dictate . The seven areas can be roughly described as follows : 10 replacement of Mervyn 's with a future anchor tenant , 2 , replacement of JC Penney with a future mini - anchor tenant , I an update of the interior common area of the mall , 4m addition of an exterior facing streetscape along Foothills Parkway , 5 . redevelopment of the Shops at Foothills , 6 . redevelopment of the former Perkins site , and 7 . redevelopment of The Plaza at Foothills . The existing Mervyn 's building is contemplated to be replaced by a 2 - story 150 , 000 square foot Anchor tenant in roughly the same location as the former Mervyn 's . This will allow Foothills Mall to attract a higher end anchor than the current single - story 75 , 000 square foot building allows for . The Current IC Penney Foothills Mall Urban Renewal Plan 5 location will be replaced with a single - story mini - anchor of approximately 50 , 000 square feet in a significantly different configuration than the current JC Penney store . This will again allow Foothills Mall to attract the best possible tenant for this location and also allow for improved parking and traffic circulation by eliminating a pinch point between the corner of the existing JC Penney building and the ring road . The existing interior common areas of the mall will also be upgraded to reflect current standards for a first class shopping center . The final piece of the mall itself will be the addition of a two - story 40 , 000 square foot mini - anchor and 26 , 500 square feet of exterior facing restaurants and retail shops in a streetscape facing Foothills Parkway . This will allow Foothills Mall to accommodate those tenants who will only accept exterior locations with immediate access to parking . The former Perkins building will be demolished and rebuilt in a configuration to provide both better access and visibility for future tenants . This location will be marketed to both single use and multi - tenant food offerings . Both the Shops at Foothills to the north and the Plaza at Foothills to the south will be the subjects of future redevelopment plans with a focus on providing the best possible retail offerings and improving connectivity to the central core of Foothills Mall . The overall vision for Foothill Mall , upon completion of all redevelopment activities , is to create a first class shopping and dining destination that will function as one cohesive , pedestrian friendly site . 4 . Renewal Activities To support progress toward the objectives , the Authority may undertake any of the following renewal activities , as deemed appropriate for the elimination or prevention of blight factors within the renewal area , pursuant to the Urban Renewal Law : a . Public Improvements . The Authority may cause , finance , or facilitate the design , installation , construction , and reconstruction of public improvements in the Renewal Area . In order to promote the effective utilization of undeveloped and underdeveloped land in the Renewal Area , the Authority may , among other things , enter into financial or other agreements with the City of Fort Collins to provide the City with financial or other support in order to encourage or cause the City to invest funds for the improvement of storm drainage and street conditions and deficiencies in the Renewal Area . b . Purchase of Property . In the event that the Authority finds it necessary to purchase any real property for an urban renewal project to remedy blight factors pursuant to the Urban Renewal Law and this Plan , the Authority may do so by any legal means available , including the exercise of the power of Foothills Mall Urban Renewal Plan 6 EXHIBIT `B" eminent domain , pursuant to the Urban Renewal Law . If the power of eminent domain is to be exercised for the purpose of transfer of property to another private person or entity , the Authority 's decision whether to acquire the property through eminent domain shall be guided by the following criteria , with the understanding that these guidelines shall not be construed to constrain the Authority 's legal ability to exercise the power of eminent domain : ■ all requirements of the Urban Renewal Law , including eminent domain procedures , have been met ; ■ other possible alternatives have been thoroughly considered by the Authority ; ■ good faith negotiations by the Authority and / or the project developer have been rejected by the property owner ; ■ reasonable efforts have been undertaken to : ( a ) understand and address the property owner' s position and his or her desires for the property and for any existing business on the site , and ( b ) work with the owner to either include the owner in project planning or purchase the property and relocate the owner in accordance with the Urban Renewal Law on terms and conditions acceptable to the owner . c . Demolition . The Authority may provide for the demolition of existing development and clearance of sites as part of specific projects . d . Participation Agreements . The Authority may enter into participation agreements with property owners or developers in the renewal area to facilitate participation and assistance that the Authority may choose to provide to such owners or developers . These may include provisions regarding project planning , public improvements , financing , design , and any other matters allowed pursuant to the Urban Renewal Law . e . Relocation Assistance . It is not expected that the activities of the Authority will displace any person , family , or business . However , to the extent that in the future the Authority may purchase property causing displacement of any person , family , or business , it shall develop a relocation program to assist any such party in finding another location pursuant to the Urban Renewal Law , and provide relocation benefits consistent with the Urban Renewal Law . There shall be no displacement of any person or business without there being in place a relocation program , which program shall become a part of this Plan when adopted . f . Hiring . The Authority may employ consultants , agents , and employees , permanent and temporary , and it shall determine their qualifications , duties , and compensation . g . Legal Authority . The Authority may also exercise all other powers given to it under the Urban Renewal Law . Foothills Mall Urban Renewal Plan 7 5 . Development Standards and Procedures Development within the Renewal Area shall be designed and processed in accordance with the City of Fort Collins Land Use Code and other applicable standards , in the City 's standard development review procedures . 6 . Conformance URBAN RENEWAL LAW This Plan is in conformity with and subject to the applicable statutory requirements of the Urban Renewal Law . CITY PLAN The City 's adopted Comprehensive Plan , known as City Plan , describes desirable land use and transportation patterns , with goals and policies for those topics along with community appearance and design , the environment , open lands , housing , the economy , and growth management . Briefly summarized , the land use pattern envisioned by these plans for the Renewal Area is a retail and commercial hub , providing major shopping and service opportunities to the residents and visitors of the City of Fort Collins . The redevelopment envisioned includes a safe , efficient , and logical circulation pattern , including options for alternative modes of transportation as well are passenger vehicles ; significant exterior upgrades . This Plan is intended to provide mechanisms to facilitate implementation of City Plan , and therefore it is in direct conformance with City Plan . The following excerpts from City Plan highlight the linkage between City Plan and this Urban Renewal Plan . These are representative excerpts , and not an all - inclusive listing of relevant statements : ■ PRINCIPLE GM - 8 : The City will promote compatible infill and redevelopment in areas within the Growth Management Area boundary . ■ Policy GW8 . 1 Targeted Redevelopment / Infill . Redevelopment and infill development will be encouraged in targeted locations . The purpose of these areas is to channel growth where it will be beneficial and can best improve access to jobs , housing and services with fewer and shorter auto trips . These targeted areas Foothills Mall Urban Renewal Plan 8 EXHIBIT `B" are parts of the city where general agreement exists that development or redevelopment is beneficial . A major goal is to increase economic activity in the area to benefit existing residents and businesses and , where necessary , provide the stimulus to redevelop . These areas should be defined from City Plan , Subarea Plans , Zoning and locational criteria such as : a . Underutilized land b . Areas already undergoing positive change , which is expected to continue c . Areas where infrastructure capacity exists d . Areas where public investment is warranted from a policy perspective e . Areas with special opportunities , such as where major public or private investment is already planned f . Transportation opportunities : • Along travel corridors • Along enhanced travel corridors ■ Policy GM - 8 . 4 Remedy Infrastructure Deficiencies . The City will consider opportunities to selectively correct infrastructure deficiencies in targeted areas , such as storm drainage and streets , so that infill development or redevelopment does not pay an infrastructure " penalty " to remedy past problems in existing developed areas . ■ Policy GM - 8 . 5 Public Investment . The City will consider opportunities , and the costs and benefits for targeted public investment in order to encourage redevelopment and infill development in appropriate locations . ■ Policy ECON - 1 . 5 Maintain and Expand City Revenue Base . The City will ensure that commercial uses that generate the sales and use tax revenues which support the City 's financial base are maintained and expanded . The City will also explore other options to expand and diversify its revenue base , including targeted annexations of existing commercial corridors , such as the Mulberry Corridor, as well as revenue sharing agreements with other communities . a . The City will assist in identifying and preserving key undeveloped parcels in appropriate locations for additional commercial activity . b . The City will seek to strengthen existing commercial districts , such as the Downtown , North College , Campus West , and the Foothills Mall . c . The City will seek to maintain and enhance its attractiveness as a place to do business in order to maintain its share of the region 's sales and use tax base . Foothills Mall Urban Renewal Plan 9 7 . Project Financing Specific projects may be financed in whole or in part by the Authority , under the tax increment financing ( TIF ) provisions of CRS § 31 - 25 - 107 ( 9 ) ( a ) of the Urban Renewal Law , or by any other available source of financing authorized to be undertaken by the Authority pursuant to CRS § 31 - 25 - 105 of the Urban Renewal Law . The Authority is authorized to : ( a ) finance urban renewal projects within the Renewal Area with revenues from property tax increments , sales tax increments , interest income , federal loans or grants , agreements with public , quasi - public or private parties and entities , loans or advances from any other available source , and any other available sources of revenue ; ( b ) issue bonds and incur other obligations contemplated by the Urban Renewal Law in an amount sufficient to finance all or any part of a project within the Renewal Area ; and ( c ) borrow funds and create indebtedness in any authorized form in carrying out this Plan . Any principal and interest on such indebtedness may be paid from property tax increments , sales tax increments or any other funds , revenues , assets or properties legally available to the Authority . Such methods may be combined to finance all or part of the Plan activities . PROPERTY TAX INCREMENT A fund for financing projects may be accrued and used by the Authority under the property tax allocation financing provisions of the Urban Renewal Law . Under this method , property taxes levied after the effective date of the approval of this Plan upon taxable property in the Renewal Area each year by or for the benefit of any public body shall be divided for a period not to exceed twenty - five ( 25 ) years after the effective date of the adoption of the tax allocation provision , as follows : Base Amount - That portion of the taxes which are produced by the levy at the rate fixed each year by or for such public body upon the valuation for assessment of taxable property in the Renewal Area last certified prior to the effective date of approval of the Plan or , as to an area later added to the Renewal Area , the effective date of the modification of the Plan , shall be paid into the funds of each such public body as are all other taxes collected by or for said public body . Foothills Mall Urban Renewal Plan 10 EXHIBIT `B" Increment amount - That portion of said property taxes in excess of such base amount shall be allocated to and , when collected , paid into a special fund of the Authority to pay the principal of, the interest on , and any premiums due in connection with the bonds of, loans or advances to , or indebtedness incurred by ( whether funded , refunded , assumed or otherwise ) the Authority for financing or refinancing , in whole or in part , a specific project . Such increment amount shall also be used to pay for the Authority ' s financial obligations incurred in the implementation of this Plan . Unless and until the total valuation for assessment of the taxable property in the Renewal Area exceeds the base valuation for assessment of the taxable property in the Renewal Area , all of the taxes levied upon taxable property in the Renewal Area shall be paid in to the funds of the respective public bodies . In the event that there is a general reassessment of taxable property valuations in Larimer County , which are subject to division of valuation for assessment between base and increment , as provided above , the portions of valuations for assessment to be allocated as provided above shall be proportionately adjusted in accordance with such reassessment . Note that at the time of this Plan adoption , such a general reassessment occurs every two years , in the odd - numbered years . When such bonds , loans , advances , indebtedness , and financial obligations , including interest thereon and any premiums due in connection therewith , have been paid , all taxes upon the taxable property in the Renewal Area shall be paid into the funds of the respective public bodies . SALES TAX INCREMENT The project may also be financed by the Authority under the sales tax allocation financing provisions of the Urban Renewal law . The act allows that upon the adoption or amendment of an Urban Renewal Plan , sales taxes flowing to the City may be " frozen " at their current level . The current level is established based on the previous twelve months prior to the adoption of this Plan . Thereafter, the City can continue to receive this fixed sales tax revenue . The Urban Renewal Authority thereafter may receive all , or an agreed upon portion of the additional sales taxes ( the increment ) which are generated above the base . The Authority may use these incremental revenues to finance the issuance of bonds , reimburse developers for public improvement costs , reimburse the City for public improvement costs and pay off financial obligations and other debts incurred in the administration of the Urban Renewal Plan . This increment is not an additional sales tax , but rather is a portion of the established tax collected by the City , and the sales tax increment resulting from redevelopment efforts and activities contemplated in this Plan . Foothills Mall Urban Renewal Plan 11 TAX INCREMENT REIMBURSEMENT Tax increment revenues may be used to reimburse the City and / or developer ( s ) for costs incurred for improvements related to a project to pay the debt incurred by the Authority with such entities for urban renewal activities and purposes . Tax increment revenues may also be used to pay bonded indebtedness , financial obligations , and debts of the Authority related to urban renewal activities under this Plan . S . Modifications to the Plan This Plan may be modified pursuant to requirements and procedures set forth in CRS § 31 - 25 - 107 of the Urban Renewal Law governing such modifications . 9 . Reasonable Variations The Board shall have the ability to approve reasonable variations ( as determined by the Board ) from the strict application of these Plan provisions , so long as such variations reasonably accommodate the intent and purpose of this Plan and the Urban Renewal Law . Plan provisions may be altered by market conditions , redevelopment opportunities and / or the needs of the community affected by the Plan . Foothills Mall Urban Renewal Plan 12 EXHIBIT `B" Appendix A - Legal Description LEGAL DESCRIPTION OF THE FOOTHILLS MALL URBAN RENEWAL AREA BOUNDARY The perimeter boundary of the Foothill Mall Urban Renewal Area is depicted on the map following page 14 , The legal description of the boundary is as follows : The Foothills Mall Urban Renewal Area is located in Section 25 of Township 7 North Range 69 West of the Sixth Principal Meridian , City of Fort Collins , Larimer County , Colorado , being more particularly described as follows ; Commencing at the northwest corner of Lot 1 of the Plat of A Replat Of Tracts F, G , And J , And Vacated Service Road Southmoor Village , Fifth Filing , the said northwest corner being the TRUE POINT OF BEGINNING OF THIS DESCRIPTION ; THENCE easterly , along the northerly line of the said Lot 1 and its easterly extension to the easterly Right of Way of Mathews Street ; THENCE southerly along the said easterly Right of Way to the northerly line of Tract Seven of the Plat The Foothills Fashion Mall Expansion ; Thence easterly along the said northerly line to the westerly line of Tract B of the Plat of The Foothills Fashion Mall Foley 's Expansion ; THENCE northerly along the said westerly line to the northerly line of the said Tract B ; Thence easterly along the said northerly line and along the northerly line of Tract A of the said Plat of The Foothills Fashion Mall Foley 's Expansion to the westerly Right of Way of Stanford Road ; THENCE southerly along the said Right of Way to the northerly line of Tract Nine of the said Plat of The Foothills Fashion Mall Expansion ; THENCE westerly along the said northerly line to the easterly Right of Way of Monroe Drive ; THENCE northerly along the said easterly Right of Way to the northerly Right of Way of the said Monroe Drive ; THENCE westerly along the said northerly right of Way to the easterly Right of Way of South College Avenue ; THENCE northerly along the said easterly Right of Way to the westerly extension of the southerly line of Tract D of the Plat of Southmoor Village 5tn ; THENCE easterly along the said extended line and along the southerly line to the easterly line of the said Tract D ; THENCE northerly along the said easterly line to the northerly line of the said Tract D ; THENCE westerly along the said northerly line and its westerly extension to the said easterly Right of Way of South College Avenue ; THENCE northerly along the said easterly Right of Way to the Point of Beginning ; Foothills Mall Urban Renewal Plan 13 The Foothill Mall Urban Renewal Area is comprised of twelve ( 12 ) separate parcels . The legal descriptions for the twelve separate parcels were derived from the Larimer County Assessor 's Office and are presented below : LOT 1 , REPLAT TR ' F ' , ' G ' & ' J ' , AND VACATED SERVICE ROAD , SOUTHMOOR VILLAGE 5TH , FTC ; LESS ROW PER 2001090658 & 2001090659 TR 1 , THE FOOTHILLS FASHION MALL EXPANSION , FTC TR 2 , THE FOOTHILLS FASHION MALL EXPANSION , FTC TR 3 , THE FOOTHILLS FASHION MALL EXPANSION , FTC TR 7 , THE FOOTHILLS FASHION MALL EXPANSION , FTC TR 8 , THE FOOTHILLS FASHION MALL EXPANSION , FTC TR 10 , THE FOOTHILLS FASHION MALL EXPANSION , FTC TR A . FOOTHILLS FASHION MALL FOLEY' S EXPANSION , FTC TR B . FOOTHILLS FASHION MALL FOLEY' S EXPANSION , FTC TR ' E ' , ALSO POR VAC ST PER 1580 - 897 , SOUTHMOOR VILLAGE STH , FTC Part of Tract T and Tract U and Part of the vacated road adjacent to said Tract U, Southmoor Village 5tn Fort Collins, Described: Beginning at a point on the west line of the said Tract T, which bears South 01 degree 57 minutes 00 seconds East 7. 19 feet, and again South 12 degrees 17 minutes 30 seconds West 180. 10 feet from the Northwest corner of Tract T; Thence North 89 degrees 45 minutes 30 seconds East 243 . 55 feet to a point on the northerly line of East Monroe Drive; Thence South 51 degrees 45 minutes 00 seconds West 231 .73 feet; Thence along the arc of a 193 .41 feet radius curve to the right, 127.73 feet, the long chord bears South 70 degrees 40 minutes 07 seconds West 125 .42 feet; Thence South 89 degrees 35 minutes 15 seconds West 137 .00 feet; Thence along the arc of a 15 . 00 feet radius curve to the right 23 . 56 feet the long chord bears North 45 degrees 24 minutes 45 seconds West 21 .21 feet; Thence North 00 degrees 24 minutes 45 seconds West 169. 17 feet; Thence North 89 degrees 45 minutes 30 seconds East 2 10 . 10 feet to the point of beginning. Part of Tract T, Southmoor Village 5tn Fort Collins, Beginning at the Northwest corner of Tract T; Thence North 89 degrees 45 minutes 30 seconds East 227 .00 feet; Thence South 74 degrees 54 minutes 00seconds East 170. 06 feet; Thence South 00 degrees 14 minutes 30 seconds East 24 .45 feet to a point on the north line of Monroe Drive; Thence along the said north line along the arc of a 301 .32 feet radius curve to the left 124 .25 feet, the long chord bears South 63 degrees 33 minutes 47 seconds West 123 . 37 feet; Thence South 51 degrees 45 minutes 00 seconds West 95 . 97 feet; Thence South 89 degrees 45 minutes 30 seconds West 243 . 55 feet; Thence North 12 degrees 17 minutes 30 seconds East 180. 10 feet; Thence North 01 degrees 57 minutes 00 seconds West 7 . 19 feet to the point of beginning; Also a part of Tract U and a part of the vacated Frontage Road adjacent to Tract U whence beginning at the Northeast corner of Tract U; Thence South 01 degrees 57 minutes 00 seconds East 7 . 19 feet; Thence South 12 degrees 17 minutes 30 seconds West 180. 10 feet; South 89 degrees 45 minutes 30 seconds West 210. 10 feet to a point on the East right of way of South College Avenue; Thence North 00 degrees 24 minutes 45 seconds West 183 .00 feet; Thence North 89 degrees 45 minutes 30 seconds East 249 .52 feet to the Point of Beginning, Southmoor Village 5t'; Less the Foothills Fashion Mall Expansion, Fort Collins. Foothills Mall Urban Renewal Plan 14 EXHIBIT "B" Proposed Foothills Mall Urban Renewal Area 1 h : do :3 s ? tC 0%!e - 1 hyAl.[ il4C :;rti3LVAV � 0 QD a [;3 cj E o 0 GH C4 CD L• HUIL9. 1QaTH M Foothills Mall Urban Renewal Plan 15