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HomeMy WebLinkAboutAgenda - Mail Packet - 8/20/2019 - Urban Renewal Authority (Ura) Board Retreat Agenda Materials And Ura 6 - Month Planning Calendar - August 22, 2019Urban Renewal Authority 222 Laporte Ave. Fort Collins, CO 80521 970.416.4349 970.224.6107 - fax fcgov.com Facilitator: Chris Hutchison, Trebuchet Group Location: 428 Linden St. Fort Collins, CO 80524 Staff: Darin Atteberry, Executive Director; Jeff Mihelich, Deputy City Manager; Jacqueline Kozak-Thiel, Chief Sustainability Officer; Josh Birks, Economic Health & Redevelopment Director; Clay Frickey, Redevelopment Manager; Jennifer Baker, Redevelopment Specialist; Legal Counsel: Caitlin Quander & Carolynne White, Brownstein Hyatt Farber Schreck AGENDA: 1. Introduction – 30 minutes a. Introductions (Chris) b. Opening Question (Energizer) – See Notes Below c. Document Expectations (Chris) 2. Role & Purpose – 30 minutes a. Review Role as a Board Member i. Legal Considerations (Caitlin) 1. Conflicts of Interest 2. Fiduciary Role ii. Role on Plan Area Review and Project Review (Josh) b. Administrative Work i. Bylaw Review & Outline Changes (Caitlin) ii. Legal Contract Review Committee Recommendations (Clay) iii. IGA: Between City and Authority (Caitlin) 3. Future of the Authority – 30 minutes a. Future Project Areas i. Targeted Infill & Redevelopment Areas (Josh) ii. Mulberry Corridor (Josh & Clay) iii. Midtown Corridor (Josh & Clay) iv. Thoughts from the Board (Chris) b. Case Studies (Clay) c. Range of Uses i. Seed Brainstorm with some potential ideas (Josh) 1. More we invest the more we can accomplish ii. Board Member ideas (Chris) 4. Strategic Objectives for the Authority – 2 hours a. Observations about Future Project Areas and Case Studies (Chris) b. Achieve, Avoid, Preserve criteria for our community, constituents, Authority, and Board (Chris) i. What does a high performing board look like to you? c. Testing the criteria in application i. For example, what direction does our new shared success criteria provide us when looking at the Mulberry Corridor? 5. Conclusions – 15 minutes a. Discuss Next Steps (Josh) b. Check-in on Expectations (Chris) NOTES: Energizing Question: “Think of a time where you experienced a place, event, or program run by a governmental entity or non-profit that enriched a community. What did that feel like? How did it change the community and you?” Homework 1. Bylaws & Policies (Provided by Authority Staff) 2. Legislation Briefing (Provided by BHFS) 3. Case Studies (Provided by Authority Staff) 4. Financial Update (Provided by Authority Staff) URA 6-MONTH PLANNING CALENDAR July 2019 – December 2019 CALENDAR SUBJECT TO FREQUENT CHANGES Email URA Staff for up-to-date information: URABoardInfo@fcgov.com “The mission of the Urban Renewal Authority is to remedy blight, using Tax Increment Financing, to leverage private capital investment, and stimulate sustainable development and public improvement projects.” BOARD OF COMMISSIONERS: Wade Troxell, Chair Julie Pignataro Ross Cunniff, Vice Chair Andy Smith Christophe Febvre Kristin Stephens Emily Gorgol Ken Summers Susan Gutowsky Joe Wise Steve Johnson (Items are listed in no particular order) URA Board Meeting Selection Committee Planning & Zoning Board Plan Area Review Committee URA Finance Committee City Council Meeting Public Open House City Council Finance Committee Legal Contract Review Committee Created: 8/15/2019 1:19 PM URA Board Meeting Selection Committee Planning and Zoning Board Plan Area Review Committee URA Finance Committee City Council Meeting Public Open House City Council Finance Committee URA Legal Contract Review Committee Meeting Info Agenda Item The purpose of this item is to… August 20 Time: 11:00am Location: CIC URA Legal Contract Review Committee: Minutes (consent) CANCELED Agenda: URA Legal Contract Review Committee to approve the minutes of the May 22, 2019 meeting URA Legal Representation Discuss Brownstein Hyatt Farber Schreck contract and legal representation for URA August 22 Time: 7:30am- 11:30am Location: Block 1 Events 428 Linden St. Fort Collins, CO 80524 URA Board Meeting URA Board Half Day Retreat: Strategic Planning Session Strategic Planning Session Set URA Board Goals & Visions for 2020-2021 August 22 Time: 3:00pm Location: CIC URA Board Meeting CANCELED Agenda: TBD September 11 Time: 2:00pm Location: CIC URA Finance Committee: Minutes (Consent) Agenda: URA Finance Committee to approve the minutes of the July 16, 2019 meeting URA Board Meeting Selection Committee Planning and Zoning Board Plan Area Review Committee URA Finance Committee City Council Meeting Public Open House City Council Finance Committee URA Legal Contract Review Committee Meeting Info Agenda Item The purpose of this item is to… URA Finance and Bond Council Update Discussion of URA retaining separate Finance and Bond Council URA Board Retreat Brief recap on URA Board Retreat September 26 Time: 3:00pm Location: CIC URA Board Meeting Agenda: URA Board to approve minutes of July 25, 2019 URA Board meeting URA legal Representation Update URA legal representation of Brownstein Hyatt Farber Shreck and associated contract URA Finance and Bond Council Update on URA retaining separate Finance and Bond Council URA IGA with CITY Discussion of potential changes to the URA’s IGA with the City October 14 Time: 2:00pm Location: CIC URA Finance Committee Agenda: URA Finance Committee to approve the minutes of the September 11, 2019 meeting N. College CAG engagement N. College CAG meeting the URA Finance Committee PSD and URA mediation outcomes & TIF allocations Discussion of mediation outcomes and TIF allocations to Urban Plan Area at Drake and College URA Board Meeting Selection Committee Planning and Zoning Board Plan Area Review Committee URA Finance Committee City Council Meeting Public Open House City Council Finance Committee URA Legal Contract Review Committee Meeting Info Agenda Item The purpose of this item is to… Brinkmann Term Sheet Discussion and approval of Brinkmann Term Sheet for Drake and College development October 24 Time: 3:00pm Location: CIC URA Board Meeting Agenda: URA Board to approve the minutes of September 26th URA Board meeting PSD and URA mediation outcomes and TIF Allocations Discussion of mediation outcomes and TIF allocations to Urban Plan Area at Drake and College Adopt a Plan Area Adoption of Drake and College Plan Area November 7 Time: 3:00pm Location: CIC URA Board Meeting Agenda: URA Board to approve the minutes of the October 24th URA Board meeting North College TIF Area Discussion of North College plan area objects, URA funding, URA Board retreat alignment and IBE update November 13 Time: 2:00pm Location: CIC URA Finance Committee Agenda: Approval of URA Finance Committee minutes from October 14, 2019 meeting URA Insurance Discussion of URA Insurance and Purchasing Power URA Board Meeting Selection Committee Planning and Zoning Board Plan Area Review Committee URA Finance Committee City Council Meeting Public Open House City Council Finance Committee URA Legal Contract Review Committee Meeting Info Agenda Item The purpose of this item is to… 320 East Vine Discussion of TIF Participation in 320 East Vine expansion 2020 URA Budget Discussion of the 2020 URA Budget December 3 Time: 11:00 am Location: CIC URA Finance Committee Agenda: Approval of URA Finance Committee minutes from November 13, 2019 meeting 501 Spaulding Lane Discussion of proposal located at 501 Spaulding Lane December 4 Time: 2:00pm Location: CIC URA Board Meeting Agenda: URA Board to approve the minutes of the November 7th URA Board meeting 320 East Vine Discussion of TIF Participation in 320 East Vine expansion 2020 URA Budget Discussion of the 2020 URA Budget URA Board Meeting Selection Committee Planning and Zoning Board Plan Area Review Committee URA Finance Committee City Council Meeting Public Open House City Council Finance Committee URA Legal Contract Review Committee UNSCHEDULED OR UPCOMING ITEMS Item Purpose of Item King Soopers Project Prospect & College Project (S. Prospect) Prospect South URA Policy Watermark Proposal – 501 Spaulding Discuss possible TIF participation in a private development project Discuss possible TIF participation in a private development project Discussion of URA Policy application at Prospect South Watermark proposal in North College Urban Renewal Authority 222 Laporte Ave. Fort Collins, CO 80521 970.416.4349 970.224.6107 - fax fcgov.com MEMORANDUM DATE: August 15, 2019 TO: Wade Troxell, Committee Member Joe Wise, Committee Member Kristin Stephens, Committee Member Ross Cunniff, Committee Member THRU: Darin Atteberry, Executive Director Jeff Mihelich, Deputy City Manager Jacqueline Kozak-Thiel, Chief Sustainability Officer Josh Birks, Economic Health Office Director FROM: Clay Frickey, Redevelopment Program Manager RE: Legal Contract Review Committee Meeting scheduled for August 20 In response to the potential conflict of interest of the URA’s legal counsel also representing land use clients in Fort Collins, URA and City staff developed a series of potential solutions. These solutions included: 1. Developing a comprehensive conflict of interest disclosure for the URA’s legal counsel and retain its current legal representation 2. Find other legal representation that does not represent clients in land use matters in Fort Collins 3. Retain BHFS but work with an attorney that does not represent clients in land use matters in Fort Collins After discussing these options at the May 22 Legal Contract Review Committee and subsequent follow-up conversations, all members agreed that retaining BHFS and working with an attorney that does not have land use clients in Fort Collins was the preferred option. In discussing this matter with BHFS, the BHFS team thought Caitlin Quander would be the best replacement for Carolynne White. BHFS’s response to the initial RFP for legal services included Caitlin as a key member of their team representing the URA. Caitlin has been an active member in discussions with the URA and is well versed in urban renewal issues. The URA’s contract with BHFS does not indicate who from BHFS will represent the URA. As such, staff finds that the current contract in place for BHFS’s legal services to be sufficient and does not require any amendments. Staff proposes cancelling our August 20 meeting if all committee members are amenable to the above approach. Fort Collins Urban Renewal Authority Reference Binder – Bylaws Document: Fort Collins Urban Renewal Authority - Bylaws Description: Fort Collins Urban Renewal Authority (URA) Bylaws. This document specifies board membership, designation of officers, manner of voting, conflicts of interest, and other pertinent URA governance items. Staff Suggested Revisions: The URA board may consider updating the bylaws to include separate legal council, separate finance and bond council and other changes that they URA Board feels is appropriate Atlanta Beltline – Where Atlanta Comes Together https://beltline.org/progress/planning/implementation- plan/ General Overview: • Visionary -One of the largest URA projects in USA. Centered on Transit Orientated design. 8:1 ROI • Triple bottom line approach with focus on Equity • Due to large scope, meeting some objectives but not all • Federal, Local and community support Goals: • alleviate stormwater issues, create new park, remediate brownfield, vital expansion of regional transit network, support regional economic development and Affordable Housing - includes 45 neighborhoods • $23 million investment -> saved $15 million • Helped spur an additional $150 million of development • Contingency for Ponce City Market project -> $250 million development Project Highlight: Old Forth Ward Park https://www.landscapeperformance.org/case- study-briefs/fourth-ward-park and https://beltline.org/parks/historic-fourth- ward-park/ and City Clean water report Guiding principles: • Partnership & Equity: Engage and collaborate with integrity, enhance existing culture • Innovation: Lead with creative solutions • Commitment: Be accountable for quality in delivery and service • Respect: Create trust and transparency with community and each other Denver Urban Renewal Authority Trusted partner, Thoughtful Solutions General Overview: • Structure – Strong focus on home rehab/homebuyers assistance and redevelopment & individual projects • Role with City not clarified in municipal code Project highlight: Denver Dry Building - https://www.solutions- site.org/node/88 • Replaced all windows with double pane, energy efficient glass of historic building • Provided 39 rental units affordable to Salt Lake City Redevelopment Agency General info: • Proactive approach • Focused on blight remediation and redevelopment in large plan areas • 10,837 acres -> 16.9 square miles -> 15% of land area of the city • Finance with loans, TIF and Adaptive reuse programs in Granary district Project highlight: Marmalade Library Branch • RDA sold land to SLCPL and coordinated ideal location of library within overall Marmalade Block redevelopment • RDA committed to building park adjacent to library • Phase I of development, provide catalyst for build-out of remainder of Marmalade Block Goals: 10 total - Summary Promote sustainable redevelopment and high livability, Facilitate financing of priority projects in RDA, Promote unique identity of neighborhoods and history, implement housing policies for all income levels, Foster enhanced transportation Guiding principles: • Encourage Economic Development, Low and moderate income housing and compliance with Salt Lake City Master Plan • Participate with Salt Lake City, Salt Lake County, State of Utah, and other public entities to stimulate redevelopment Prosper Portland Building an equitable economy General info: • Equity and economic development focused • Similar structure to Fort Collins URA • Combination of project based and programmatic work • Focus on environmental remediation, small business growth, and social equity Project highlight: North Macadem – https://prosperportland.us/portfolio- items/north-macadam/?portfolioCats=30 Downtown Waterfront – https://prosperportland.us/portfolio- items/downtown- waterfront/?portfolioCats=30 http://prosperportland.us/wp- content/uploads/2016/07/Old-Town- Chinatown-Five-Year-Action-Plan.pdf Guiding principles: • Creating neighborhoods & communities • Growing family-wage jobs • Advancing prosperous redevelopment Arvada Urban Renewal Authority – Respecting our past. Engaging our future http://arvadaurbanrenewal.org/projects/olde-town-square/ General Overview: • Created in 1981. Completed projected with environmental contamination, demolishing vacant & deteriorating buildings, multi-modal transit • Act as redevelopment connecting point. The authority brings all the necessary parties together for development to occur appropriately • Actively look for areas experiencing economic difficulty to target redevelopment. Identified by community, council and the mayor • Focus on economic impacts of public investment • For every $1 invested by AURA, Arvada has received a return of: o $103mill in Olde Town o $195mill in Ralston Fields o $19mill in Village Commons o $160mill in City Center Goals: • To revitalize underutilized areas of Arvada • Guide decisions by community vision that adapts to evolving challenges • Have a positive impact on the City Project Highlight: City Center - http://arvadaurbanrenewal.org/aura- development-areas/city-center/ AURA’s oldest Urban Renewal project, now provides 27% of all sales tax dollars for the City of Arvada. More than ¼ of the City’s sales tax revenue, used to maintain roads, parks, cultural facilities and other amenities come from one former Urban Renewal area Guiding principles: • Board works under a common vision dictated by the legally approved Urban Renewal Plan • Respect: Create trust and transparency with community and each other Vacant McDonalds purchased by AURA in 2005. AURA demolished the site, cleared environmental hazards and sold the property. This parcel now contributes to $10 million in private investment AURA took ownership of the previously dilapidated water tower and redeveloped it alongside Water Tower Village. AURA invested $30,000 to insure public safety, preservation, public accessibility and development of a pocket park. In 2006, AURA returned the water tower parcel to the City of Arvada to ensure preservation of this city icon. Lakewood Reinvestment Authority General info: • Reactive approach • Focus on enhancing and restoring vitality and quality of life in the community • 3 investment areas Project highlight: Station Betterment Project https://www.lakewood.org/Business/Reinvestment -Authority/LRA-Projects#section-5 • Allows the funding of improvements to light rail stations at Wadsworth Boulevard and Oak street • Vetted through citizens advisory group • Project is intended to announce to commuters their arrival into Lakewood & establish identity for City • Station improvements will contribute to future reinvestment potential in the W light rail area Guiding principles: • Enhance Lakewood’s strong character and special image that reflects the needs of its residents and underlying physical organization • Work to improve city for citizens quality of life. Encourage positive redevelopment of retail sales sites Parker Urban Renewal Authority – P3 General Overview: • Conservative approach in utilizing TIF • Strong focus on ‘But For’ analysis and minimizing the use of TIF • Redevelop based on the lesser of Financial Gap, Eligible costs, and TIF capacity • Utilize Citizen Advisory Committee Project highlight: Parker Central – https://www.p3parker.com/parker-central Celebrated Main street, created connections to main street, catalyzed office, residential and public spaces Guiding principles: • Qualitative investment filter to evaluate appropriate use of TIF • Total incentive value will not exceed the incremental dollars generated by the planned investment • Dedicated to maintaining the community’s small-town feel • Maintaining an equitable, innovative, financially sustainable agency and City through partnerships and community outreach https://prosperportland.us/portfolio_category/urban-renewal/ 60% AMI (1/3 of the total units) • Heated by Denver’s steam system Guiding principles: • Internal analysis, feasibility, blight, and lesser gap of finances, eligible costs, TIF