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HomeMy WebLinkAboutConstituent Letter - Read Before Packet - 12/17/2013 - Letter From David L. May, Fort Collins Chamber Of Commerce, Re: Agenda Item #24 Redevelopment And Reimbursement Agreement For Foothills Mall1 Sarah Kane From: Ann Hutchison <ahutchison@fcchamber.org> Sent: Tuesday, December 17, 2013 11:03 AM To: City Leaders Cc: Josh Birks; Ray Martinez; David May; Kevin Jones; Sarah Kane Subject: Updated Redevelopment and Reimbursement Agreement for Foothills Mall Attachments: Foothills Mall Investment Package Ltr to Council 12-17-13.pdf Please find below and attached a letter from the Fort Collins Area Chamber of Commerce in support of the Updated Redevelopment and Reimbursement Agreement as it relates to the redevelopment of the Foothills Mall. December 17, 2013 Fort Collins City Council 300 LaPorte Ave. Fort Collins, CO 80521 Dear Mayor Weikunat, Mayor Pro Tem Horak, and Council Members Campana, Cunniff, Overbeck, Poppaw and Troxell; The Fort Collins Area Chamber of Commerce continues to support the adoption of the Updated Redevelopment and Reimbursement Agreement as it relates to the redevelopment of Foothills Mall. While the timing of this project has changed, its role has not. This project will serve as a primary catalyst for revitalizing midtown Fort Collins, spurring the return of Fort Collins to the retail leader of Northern Colorado. This visionary project will attract new shoppers to the community while reducing the leakage of sales tax revenue to areas outside of Fort Collins. This investment package leverages new dollars generated by the project for key public investments that will benefit the entire community with the first full year of tax receipts projected to be greater than current tax receipts for this same property. We encourage the Council to support the redevelopment of our midtown area and the Foothills Mall by voting yes on the Updated Redevelopment and Reimbursement Agreement. Sincerely, Fort Collins Area Chamber of Commerce David L. May 2 President & CEO cc: Darin Atteberry Ann Hutchison, CAE Executive Vice President ahutchison@fcchamber.org Fort Collins Area Chamber of Commerce 225 S Meldrum, Fort Collins CO 80521 ph: 970.482.3751 ext. 107 fax: 970.482.3774 web: www.FortCollinsChamber.com Twitter I LinkedIn Colorado's Only 5-Star Accredited Chamber