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HomeMy WebLinkAboutAgenda - Mail Packet - 12/1/2020 - Urban Renewal Authority (Ura) Board Meeting Agenda - November 30, 2020City of Fort Collins Page 1 Wade Troxell, Chair Council Information Center Susan Gutowsky City Hall West Julie Pignataro 300 LaPorte Avenue Ken Summers Fort Collins, Colorado Kristin Stephens Emily Gorgol Ross Cunniff Cablecast on City Cable Channel 14 Steve Johnson and Channel 881 on the Comcast cable system Christophe Febvre Joe Wise Andy Smith Caitlin Quander Darin Atteberry Delynn Coldiron Brownstein Hyatt Farber Shreck Executive Director Secretary The City of Fort Collins will make reasonable accommodations for access to City services, programs, and activities and will make special communication arrangements for persons with disabilities. Please call 221-6515 (V/TDD: Dial 711 for Relay Colorado) for assistance. URBAN RENEWAL AUTHORITY BOARD MEETING November 30, 2020 5:00 PM PLEDGE OF ALLEGIANCE • CALL MEETING TO ORDER • ROLL CALL • AGENDA REVIEW • Executive Director’s Review of Agenda. • Consent Calendar Review. This Review provides an opportunity for the Board and citizens to pull items from the Consent Calendar. Anyone may request an item on this Calendar be “pulled” off the Consent Calendar and considered separately. ◦ Board-pulled Consent Calendar items will be considered before the Discussion items. ◦ Citizen-pulled Consent Calendar items will be considered after the Discussion items. City of Fort Collins Page 2 • CITIZEN PARTICIPATION Individuals who wish to make comments regarding items remaining on the Consent Calendar or wish to address the Board on items not specifically scheduled on the agenda must first be recognized by the Chair or Vice Chair. Before speaking, please sign in at the table in the back of the room. The timer will buzz once when there are 30 seconds left and the light will turn yellow. The timer will buzz again at the end of the speaker’s time. Each speaker is allowed 3 minutes. If there are more than 6 individuals who wish to speak, the Chairperson may reduce the time allowed for each individual. • State your name and address for the record. • Applause, outbursts or other demonstrations by the audience are not allowed • Keep comments brief; if available, provide a written copy of statement to Secretary • Address your comments to Council, not the audience • CITIZEN PARTICIPATION FOLLOW-UP • COMMISSIONER REPORTS Discussion Items The method of debate for discussion items is as follows: ● Chair introduces the item number and subject; asks if formal presentation will be made by staff ● Staff and/or Applicant presentation (optional) ● Chair requests citizen comment on the item (three-minute limit for each citizen) ● Board questions of staff on the item ● Board motion on the item ● Board discussion ● Final Board comments ● Board vote on the item Note: Time limits for individual agenda items may be revised, at the discretion of the Chair, to ensure all citizens have an opportunity to speak. Please sign in at the table in the back of the room. The timer will buzz when there are 30 seconds left and the light will turn yellow. It will buzz again at the end of the speaker’s time. 1. Consideration and Approval of the Minutes of the October 22, 2020 Urban Renewal Authority Board Meeting. The purpose of this item is to approve the minutes of the October 22, 2020 Urban Renewal Authority Board Meeting. 2. Resolution No. 111 of the Board of Commissioners of the Fort Collins Urban Renewal Authority Approving the North College Community Investment Plan. The purpose of this item is to consider a resolution adopting the North College Community Investment Plan. Staff collaborated with Institute for the Built Environment (IBE) and The Family Center/La Familia (TFC/LF) on a series of public workshops asking the North College community how they would like to see the Urban Renewal Authority (URA) invest its money in the North College area over the next 10 years. IBE produced a report summarizing this outreach that the URA Board considered in August 2020. City of Fort Collins Page 3 To achieve the outcomes desired by the community, URA staff have been developing an investment plan that will guide the Authority’s decision-making process related to allocation of its remaining funds in the North College plan area. This plan utilizes the Government Alliance on Race & Equity (GARE) Equitable Development Framework to anchor the plan. The framework will help ensure North College continues its growth as an economically vibrant community while ensuring area residents share in this growth. The investment plan will be organized by outcome area like those identified in the IBE report. These outcomes are: • Complete, vibrant neighborhood • Community hub • Infrastructure improvements The investment plan contains short, medium, and long-term strategies by outcome area. Staff have proposed a set of strategies for each outcome area by timeframe. These strategies will guide the URA’s investment decisions. The plan area should accrue $13.8 million in cash by 2030 that the URA Board can invest. The plan contains a recommended allocation of URA revenues by time frame for each outcome. A series of metrics and indicators will help the URA track its progress and the objectives of the plan to adjust course if necessary. 3. Resolution No. 110 of the Board of Commissioners of the Fort Collins Urban Renewal Authority Approving Its Amended Strategic Plan. The purpose of this item is to consider adoption of a Resolution amending the Urban Renewal Authority Strategic Plan. • OTHER BUSINESS • ADJOURNMENT Agenda Item 1 Item # 1 Page 1 AGENDA ITEM SUMMARY November 30, 2020 Urban Renewal Authority Board STAFF Delynn Coldiron, City Clerk SUBJECT Consideration and Approval of the Minutes of the October 22, 2020 Urban Renewal Authority Board Meeting. EXECUTIVE SUMMARY The purpose of this item is to approve the minutes of the October 22, 2020 Urban Renewal Authority Board Meeting. ATTACHMENTS 1. October 22, 2020 (PDF) 1 Packet Pg. 4 City of Fort Collins Page 397 URBAN RENEWAL AUTHORITY BOARD October 22, 2020 5:00 PM PLEDGE OF ALLEGIANCE • ROLL CALL PRESENT: Smith, Troxell, Cunniff, Stephens, Summers, Wise, Febvre, Gutowsky, Pignataro, Gorgol ABSENT: Johnson STAFF: Atteberry, Gula-Yeast, Birks, Frickey • AGENDA REVIEW Executive Director Atteberry reviewed the meeting agenda and noted the URA's legal counsel is not present at this meeting. Chair Troxell outlined the remote citizen participation options. 1. Consideration and Approval of the Minutes of the September 24, 2020 Urban Renewal Authority Board Meeting. (Adopted) The purpose of this item is to approve the minutes of the September 24, 2020 Urban Renewal Authority Board Meeting. Vice Chair Cunniff made a motion, seconded by Commissioner Pignataro, to approve the minutes of the September 24, 2020 Urban Renewal Authority Board meeting. RESULT: MOTION ADOPTED [UNANIMOUS] MOVER: Ross Cunniff, District 5 SECONDER: Julie Pignataro, District 2 AYES: Smith, Troxell, Cunniff, Stephens, Summers, Wise, Febvre, Gutowsky, Pignataro, Gorgol ABSENT: Johnson 2. Public Hearing and Resolution No. 109 Adopting the 2021 Budget for the Fort Collins Urban Renewal Authority. (Adopted) The purpose of this item is to consider a Resolution adopting the 2021 Budget for the Urban Renewal Authority. Clay Frickey, Redevelopment Program Manager, noted the URA budget aligns with the City's Budgeting for Outcome process and the 2021 budget will be a single-year budget due to the COVID-19 pandemic. The two budget offers from the URA were outlined: the core offer which covers day-to-day operations and the debt service offer which includes debt service costs related to ongoing projects. He discussed the revenue forecast for 2021. Chair Troxell noted this is a public hearing. Commissioner Wise made a motion, seconded by Commissioner Stephens, to adopt Resolution No. 109. 1.1 Packet Pg. 5 Attachment: October 22, 2020 (9726 : Minutes 10-22) October 22, 2020 City of Fort Collins Page 398 RESULT: RESOLUTION NO. 109, ADOPTED [UNANIMOUS] MOVER: Joe Wise SECONDER: Kristin Stephens, District 4 AYES: Smith, Troxell, Cunniff, Stephens, Summers, Wise, Febvre, Gutowsky, Pignataro, Gorgol ABSENT: Johnson 3. North College Community Investment Plan. (No Action Taken) The purpose of this item is to discuss the strategies and framework of the proposed North College Community Investment Plan. Staff collaborated with Institute for the Built Environment (IBE) and The Family Center/La Familia (TFC/LF) on a series of public workshops asking the North College community how they would like to see the Urban Renewal Authority (URA) invest its money in the North College plan area over the next ten years. IBE produced a report summarizing this outreach that the URA Board considered in August 2020. To achieve the outcomes desired by the community, URA staff have been developing an investment plan that will guide the URA’s decision-making process for how to allocate its remaining money in the North College plan area. The investment plan will be organized by outcome area similar to those identified in the IBE report. These outcomes are: • Complete, vibrant neighborhood • Community hub • Infrastructure improvements The investment plan will contain short, medium, and long-term strategies by outcome area. Staff have proposed a set of strategies for each outcome area by timeframe. These strategies will guide the URA’s investment decisions. The plan area should accrue $13.8 million in cash by 2030 that the URA Board can invest. The URA Board will consider a final investment plan in November that will contain recommended financial allocations, alignment with other plans, and metrics/indicators. Clay Frickey, Redevelopment Program Manager, stated this is an update regarding the North College Community Investment Plan. He reviewed the community engagement process and its outcomes and stated the resulting Community Investment Plan will provide guidance to the Board on how it should invest its remaining tax increment revenue for the North College Plan Area. He discussed the proposed structure of the Plan stating it will include an overview of the public engagement report, define the community priorities from the engagement report, show the alignment between this Plan, other adopted plans within the City and other taxing entities, identify investments by timeframe, and recommend a fund allocation. Frickey detailed the outcomes from the community engagement process: a complete and vibrant neighborhood, a community hub, and infrastructure improvements. He noted the wording around the community hub has changed to make it more inclusive while maintaining a focus on the Latinx community. He also noted the priority around connectivity and recreation has b een folded into infrastructure improvements and the complete and vibrant neighborhood categories. Frickey outlined proposed short-, medium-, and long-term strategies for meeting each of the outcomes and discussed the amount of revenue that will be available in each timeframe. Commissioner Summers asked who was involved in the public outreach process. Frickey replied there were about 30 participants from the La Familia/Family Center outreach, predominantly residents of mobile home communities, and about 20 participants in the Institute for the Built Environment workshop groups, including residents of Old Town North and Revive and members of the North Fort Collins Business Association among others. 1.1 Packet Pg. 6 Attachment: October 22, 2020 (9726 : Minutes 10-22) October 22, 2020 City of Fort Collins Page 399 Commissioner Gutowsky requested some clarification around the need for the Investment Plan. Frickey replied the idea is to ensure the community is assured of the firm commitment of the URA to carry out the priorities identified in the public outreach process. He also stated modifications can continue over time as priorities are likely to change over the next ten years. Commissioner Gorgol asked about stormwater improvements and the extension of Mason Street going through the North College Mobile Home Park. Frickey replied the Master Street Plan does propose Mason Street going through that community; however, the stormwater project is south of Hickory to the river. He stated displacement of residents would not fit in with the goals or values of the Board or staff; therefore, many discussions will need to occur, and answers will evolve over time. Commissioner Gorgol suggested the inclusion of an equitable development framework within the Investment Plan to help prevent displacement. She commented on looking at the broader context of creating access to opportunities for economic mobility for people who have historically not had that access and supported looking at business support more holistically. She asked about the pilot programs for the community hub. Frickey concurred with the holistic view of business support which is highlighted in the report. He also noted some statements around an equitable development framework could be included. Regarding the community hub pilot programs, partners would mainly be running the programs with some financial support from the URA and those programs would allow for testing of some ideas for the community hub prior to its actual construction. Commissioner Stephens commended the overall Plan and inclusion of short-term strategies. She also commended the citizen participation stating it will make the North College area more livable and vibrant. She agreed with Commissioner Gorgol’s anti-displacement strategies and commended the public outreach as being a model for future processes. Commissioner Febvre commended the work to this point, agreeing with the inclusion of anti- displacement strategies. He suggested there may be an opportunity to tweak language just a bit from the perspective of Poudre School District related to internet connectivity and providing a place for supervised, before- and after-school activities. Chair Troxell agreed. Frickey noted several school-age children attended the workshops and had similar ideas. Commissioner Smith commended the Plan and commented on affordable housing needs and increased development fees. He suggested looking at fee reimbursement opportunities as a possible strategy. He also suggested a build-out analysis based on current zoning and allowed densities could be helpful to ensure uses make sense. He agreed stormwater infrastructure is an important investment but also cited the importance of walkability in the area. Commissioner Gorgol agreed with Commissioner Febvre's idea about including an educational component at the community hub. She also agreed thinking creatively about connectivity will be important. She asked if there is a tenant interested in the Albertson's space. Frickey replied in the affirmative. Commissioner Summers asked if the URA is involved in providing programs. Frickey replied that is not the case traditionally and stated whatever investments are made by the URA should be to remediate blight or prevent its further spread. He stated other communities have invested in programs, but any investment would need to ensure compliance with statutory requirements. 1.1 Packet Pg. 7 Attachment: October 22, 2020 (9726 : Minutes 10-22) October 22, 2020 City of Fort Collins Page 400 Commissioner Summers asked if there are existing programs throughout the city that aid in tutoring and after-school programming. Commissioner Febvre replied there are several programs available around the city and clarified his comments were meant to encourage URA financial support of infrastructure that supports those programs. Commissioner Wise expressed support for the community hub idea, particularly given the citizen support. He questioned whether the URA is wise to earmark a portion of its limited funds for stormwater infrastructure improvements when the cost of a community hub is unknown. Chair Troxell stated the public involvement workshops focused on a subarea of this plan area and stated the desired outcomes should enhance the entire plan area. He asked if residents of Old Town North and The Cottages as well as newer businesses in the area were included as part of the outreach. Frickey replied residents of Old Town North were part of the focus groups as were businesses on both sides of College from older and newer businesses. Chair Troxell suggested the community hub does not have to be a singular place and encouraged additional discussions around partnerships with organizations such as Salud and the County. Josh Birks, Economic Health and Redevelopment Director, stated this is a unique opportunity for the URA to be a leader and convener in terms of identifying needs and bringing in partners that can help deliver outcomes. He noted this is a strategy document and there will be a great deal of future work on the community hub concept and partnering opportunities. Chair Troxell commented on making enhanced stormwater elements that add to community livability and Nature in the City. Frickey noted staff will be bringing this item back before the Board for final adoption in November and will be seeking appropriations for some short-term items in January. He stated a plan for ongoing community outreach and an equitable development framework will be included. Chair Troxell stated a triple bottom line analysis is important. 4. Resolution No. 110 of the Fort Collins Urban Renewal Authority Approving Its Amended Strategic Plan. (Postponed to Date Certain) The purpose of this item is to consider a Resolution to amend the Fort Collins Urban Renewal Authority Strategic Plan. Clay Frickey, Redevelopment Program Manager, stated the URA adopted its Strategic Plan in September and this item makes a few adjustments per that discussion. A statement regarding 'who we are' as an organization, some clarity around the definition of a taxing entity, and further information around the alignment of the URA's investments with the capital investments of other organizations have been included. Frickey detailed the proposed changes and stated staff is recommending adoption of the proposed changes. Vice Chair Cunniff expressed concern regarding the 'who we are' statement noting most of the organizations' purposes are not directly related to the purpose of Fort Collins. He suggested a wording change for that section but otherwise commended the changes. Commissioner Pignataro suggested there may need to be some changes to the 'who we are' section as well and agreed with Vice Chair Cunniff's wording. 1.1 Packet Pg. 8 Attachment: October 22, 2020 (9726 : Minutes 10-22) October 22, 2020 City of Fort Collins Page 401 Commissioner Wise agreed with both Commissioners. Commissioner Febvre suggested other wording changes that specify the duties of the URA Board, which involve discussing tax increment financing to maximize benefits for the community. Vice Chair Cunniff proposed specific new language for the purpose statement and Commissioners and staff discussed the wording. Frickey suggested the possibility of using the suggestions and postponing the item to next month. Vice Chair Cunniff made a motion, seconded by Commissioner Stephens, to postpone consideration of Resolution No. 110 to the November 30, 2020 Urban Renewal Authority Board meeting. RESULT: POSTPONED TO NOVEMBER 30, 2020 [UNANIMOUS] MOVER: Ross Cunniff, District 5 SECONDER: Kristin Stephens, District 4 AYES: Smith, Troxell, Cunniff, Stephens, Summers, Wise, Febvre, Gutowsky, Pignataro, Gorgol ABSENT: Johnson • ADJOURNMENT The meeting adjourned at 6:45 PM. ________________________________ Chair ATTEST: ________________________________ Secretary 1.1 Packet Pg. 9 Attachment: October 22, 2020 (9726 : Minutes 10-22) Agenda Item 2 Item # 2 Page 1 AGENDA ITEM SUMMARY November 30, 2020 Urban Renewal Authority Board STAFF Clay Frickey, Redevelopment Program Manager SUBJECT Resolution No. 111 of the Board of Commissioners of the Fort Collins Urban Renewal Authority Approving the North College Community Investment Plan. EXECUTIVE SUMMARY The purpose of this item is to consider a resolution adopting the North College Community Investment Plan. Staff collaborated with Institute for the Built Environment (IBE) and The Family Center/La Familia (TFC/LF) on a series of public workshops asking the North College community how they would like to see the Urban Renewal Authority (URA) invest its money in the North College area over the next 10 years. IBE produced a report summarizing this outreach that the URA Board considered in August 2020. To achieve the outcomes desired by the community, URA staff have been developing an investment plan that will guide the Authority’s decision-making process related to allocation of its remaining funds in the North College plan area. This plan utilizes the Government Alliance on Race & Equity (GARE) Equitable Development Framework to anchor the plan. The framework will help ensure North College continues its growth as an economically vibrant community while ensuring area residents share in this growth. The investment plan will be organized by outcome area like those identified in the IBE report. These outcomes are: • Complete, vibrant neighborhood • Community hub • Infrastructure improvements The investment plan contains short, medium, and long-term strategies by outcome area. Staff have proposed a set of strategies for each outcome area by timeframe. These strategies will guide the URA’s investment decisions. The plan area should accrue $13.8 million in cash by 2030 that the URA Board can invest. The plan contains a recommended allocation of URA revenues by time frame for each outcome. A series of metrics and indicators will help the URA track its progress and the objectives of the plan to adjust course if necessary. STAFF RECOMMENDATION Staff recommends approval of the Resolution. BACKGROUND / DISCUSSION The North College Urban Renewal Plan Area will generate tax increment revenue until 2029. Staff enlisted the help of Economic Planning Systems to conduct an analysis of the plan area in 2018. This analysis looked at the development potential of the plan area and made a series of recommendations on how to maximize the investment of the URA. After, staff looked to build on this analysis with the perspectives, direction, and insight of the North College community. In partnership with Institute for the Built Environment (IBE) and The Family Center/La Familia (TFC/LF), staff held a series of public workshops on how the URA could best invest in the community over the next 10 years. IBE produced a report summarizing the findings of these workshops which was presented to the Board on August 27, 2020. The Board expressed its appreciation for the findings of the workshop series and directed staff to create an investment plan. This investment plan would guide the actions of 2 Packet Pg. 10 Agenda Item 2 Item # 2 Page 2 the URA for the North College Plan Area over the next 10 years. The URA investment plan would align with the desires of the community, the URA strategic plan, and goals and objectives of all taxing entities (the City, Larimer County, Poudre School District, etc.). INVESTMENT PLAN OVERVIEW The investment plan is organized around the major themes identified by the community and articulated in the IBE report. These themes are: ● Complete, Vibrant Neighborhood ● Community Hub ● Infrastructure Improvements The IBE report also identifies a community priority around Recreation & Connectivity. Recreation projects would support the creation of a complete, vibrant neighborhood and are incorporated into that theme. Connectivity opportunities would require investment in infrastructure and folds neatly into the priority for infrastructure improvements. Complete, Vibrant Neighborhood A complete, vibrant neighborhood is one where community members can complete most of their day-to-day tasks without having to leave the neighborhood. Workshop participants identified several amenities that would make North College a more complete neighborhood. Some of these amenities include: ● More small business opportunities ● Affordable housing ● Food and entertainment ● Professional development and education opportunities ● Affordable childcare ● A library branch By investing in these amenities, the URA will promote context sensitive investment and economic opportunities for businesses and residents of the plan area. Community Hub Various community members have noted that North College lacks a focal point. Latinx community members feel an acute need for a community gathering place. Outside of the Northside Aztlan Community Center, there are few locations on the northside of Fort Collins that provide a space for community members to get together. There are also few cultural and educational amenities in the plan area. Workshop participants developed the idea of a community hub that could bring these amenities together in one location with the potential of additional development that would become the focal point of North College. The community hub would be something available and open to all. While the community hub would serve anyone, the community hub should also address unmet needs of the Latinx community. For the community hub to be successful, the community must lead in designing the hub, with a particular focus on elevating the voices of the Latinx community. The URA will act as a convener at first to bring together stakeholders. Once the community has designed the community hub, the URA can act as a financial partner to help bring the community hub to fruition. 2 Packet Pg. 11 Agenda Item 2 Item # 2 Page 3 Infrastructure Improvements One of the focus areas of the North College Corridor Plan from 2007 and adoption of the North College Urban Renewal Plan was addressing infrastructure deficiencies throughout the North College corridor. In 2010, Council adopted the North College Infrastructure Funding Plan to guide implementation of infrastructure improvements within the plan area, estimated costs, funding sources, and priority levels for each project. This document has successfully guided tens of millions of dollars in public infrastructure investment in the corridor. A handful of projects identified in the Infrastructure Funding Plan remain unbuilt and will form the foundation of the Board’s investment in infrastructure. Recommended Revenue Allocation and Strategies The North College plan area is generating surplus tax increment revenue every year. After servicing debt and contributing to overhead costs, the North College plan area will generate around $650,000 in net proceeds annually from 2020 - 2022. In 2022 and 2023, the plan area will generate around $750,000 annually as the URA makes its final payments for Aspen Heights. From 2024 until 2030, the plan area will generate over $1 million annually leaving an anticipated final cash balance of $13.7 million in 2030. Below is the recommended allocation of revenues by time frame and outcome. The table also contains each of the proposed strategies by timeframe. The plan elaborates on each strategy, providing direction on how to accomplish each strategy. Complete, Vibrant Neighborhood Community Hub Infrastructure Improvements Short Term 2021 - 2022 Cultivate partnerships Small business support Community based design process Continue existing projects Medium Term 2023 - 2024 Pilot community hub programs Forge development partnerships Complete existing projects Long Term 2025 and beyond Acquire property Repayments fund community objectives Develop community hub Fund legacy projects Total Allocation 25% 50% 25% The allocations presented above represent a balanced approach to investment. All three objectives will act in concert to achieve the objectives from our community engagement and the GARE Equitable Development Framework while meeting statutory requirements to remediate blight and prevent its further spread. Infrastructure improvements will honor previous investments made by the URA, help generate economic opportunity for area residents and businesses, and enhance mobility and connectivity for all community members. Developing a complete, vibrant neighborhood and a community hub will support development that addresses the unique needs of the North College area in a culturally attuned way. Recommended Revenue Allocation by Timeframe The allocations above indicate the rough proportion of the URA’s revenues that should go to each community objective. Another important consideration is when to invest in each objective. Infrastructure investment could lead to redevelopment that increases the tax base and provides additional revenue for the URA to spend on its objectives. It is also important to retain enough tax increment revenue to support potential redevelopment and the community hub. The table below provides guidance on how to spend tax increment within each timeframe. Short Term 2021 - 2022 Medium Term 2023 - 2024 Long Term 2025 and beyond Total Complete, Vibrant Neighborhood 10% or $238,849 25% or $424,480 30% or $2,914,064 $3,577,393 Community Hub 10% or $238,849 25% or $424,481 60% or $5,828,127 $6,491,457 Infrastructure Improvements 80% or $1,910,791 50% or $848,961 10% or $971,355 $3,731,107 Total $2,388,489 $1,697,922 $9,713,546 $13,799,957 2 Packet Pg. 12 Agenda Item 2 Item # 2 Page 4 The investment plan does not make a recommendation on how to finance these improvements. Financing decisions are at the discretion of the URA Board. At such time projects are ready for consideration by the Board, the Board may consider a variety of financing options. The investment plan keeps these financing options open so that the Board may have as many tools available to it as possible. URA Finance Committee Feedback The URA Finance Committee discussed the North College Community Investment Plan at its October 8, 2020 and November 12, 2020 meetings. Committee members discussed the following: ● Changing the wording for the Complete, Vibrant Neighborhood long term strategy. They were concerned the term “mixed-use” is jargon and not easy to understand for the average person. ● Committee members generally prefer using a pay as you go approach to financing projects. ● Committee members would like all financing options available to the Board so that they can ma ke the best decision possible at such time projects come before the Board for approval. ● The Committee expressed a preference for the Board having discretion over repayment waiver requests similar to the way the Board decides on tax increment financing (TIF) assistance requests. To address the feedback, staff removed “mixed-use” from the Complete, Vibrant Neighborhood strategy, clarified the sections related to financing projects and included language to allow flexibility with financing options as projects come before the Board for approval. The repayment section now explains waivers will go before the Board for approval similar to TIF assistance requests. NEXT STEPS Staff will present a budget appropriation in January 2021 to begin work on the short-term strategies outlined in this investment plan. ATTACHMENTS 1. Powerpoint Presentation (PDF) 2 Packet Pg. 13 November 30, 2020 North College Community Investment Plan ATTACHMENT 1 2.1 Packet Pg. 14 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) What is the Community Investment Plan? •Guides URA’s investment in North College •Not binding •Can be altered •Community driven •Rooted in equity •GARE Equitable Development Framework 2 2.1 Packet Pg. 15 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) Investment Plan Process 2018 •Economic Planning Systems analysis 2019 •Economic Planning Systems report •Community workshop series begins 2020 •Workshop series completed •Engagement report completed •Adoption of Community Investment Plan 3 2.1 Packet Pg. 16 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) Outcomes in Community Investment Plan 4 COMPLETE & VIBRANT NEIGHBORHOOD COMMUNITY HUB INFRASTRUCTURE IMPROVEMENTS 2.1 Packet Pg. 17 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) Overall Allocation Complete, Vibrant Neighborhood Community Hub Infrastructure Improvements Short Term 2021 -2022 Cultivate partnerships Small business support Community based design process Continue existing projects Medium Term 2023 -2024 Pilot community hub programs Forge development partnerships Complete existing projects Long Term 2025 and beyond Acquire property Repayments fund community objectives Develop community hub Fund legacy projects To tal Allocation 25%50%25% 5 2.1 Packet Pg. 18 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) Allocation by Timeframe Short Term 2021 -2022 Medium Term 2023 -2024 Long Term 2025 and beyond To tal Complete, Vibrant Neighborhood 10% $238,849 25% $424,480 30% $2,914,064 $3,577,393 Community Hub 10% $238,849 25% $424,481 60% $5,828,127 $6,491,457 Infrastructure Improvements 80% $1,910,791 50% $848,961 10% $971,355 $3,731,107 To tal $2,388,489 $1,697,922 $9,713,546 $13,799,957 6 2.1 Packet Pg. 19 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) Metrics and Indicators Metric/Indicator Data Source Ta rget Leverage rate URA Increase or maintain historic leverage rate Property values County Assessor Stable growth Property ownership County Assessor Va ried ownership, few properties owned by LLCs that own 3+ properties Residential rents Department of Local Affairs Stabilize rents Business rents CoStar Stabilize rents Household income HUD, American Community Survey Stable growth Cost burdened households American Community Survey Decrease percentage of households that are cost burdened Residential building permits issued City of Fort Collins Mix of unit types that match community needs Households by race American Community Survey Prevent displacement of Latinx community 7 2.1 Packet Pg. 20 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) Recommendation Staff recommends approval of the resolution adopting the North College Community Investment Plan 8 2.1 Packet Pg. 21 Attachment: Powerpoint Presentation (9675 : North College Investment Plan) -1- RESOLUTION 2020-111 OF THE BOARD OF COMMISSIONERS OF THE FORT COLLINS URBAN RENEWAL AUTHORITY APPROVING THE NORTH COLLEGE COMMUNITY INVESTMENT PLAN WHEREAS, the Fort Collins Urban Renewal Authority (the “Authority”) was established in 1982 under and in accordance with the Colorado Revised Statutes (“C.R.S.”) § 31-25-101, et seq. (the “Urban Renewal Law”); and WHEREAS, the Authority is authorized by C.R.S. § 31-25-105(1)(a) to make and adopt bylaws, orders, rules, and regulations to effectuate the purposes of the Urban Renewal Law; and WHEREAS, the City Council of the City of Fort Collins, Colorado, by Resolution No. 2004-152 approved and adopted on December 21, 2004, the “North College Urban Renewal Plan” as an urban renewal plan under the Urban Renewal Law for the area described therein (the “North College Plan Area”); and WHEREAS, to further infrastructure improvements and foster the creation of a complete and vibrant neighborhood and community hub in the North College Plan Area in alignment with the purposes of the North College Urban Renewal Plan, the Commissioners of the Authority have considered approval of an investment plan for the remaining tax increment revenue for the North College Plan Area; and WHEREAS, the North College Community Investment Plan, attached hereto and incorporated herein as Exhibit A, is an advisory document which defines community priorities that are of particular importance to the Authority to guide its mission and further its purposes under the North College Urban Renewal Plan, identifies potential capital investments by timeframe, and recommends methods for allocation of monies; and WHEREAS, the Commissioners have determined that it is in the best interests of the Authority that the North College Community Investment Plan be approved. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE FORT COLLINS URBAN RENEWAL AUTHORITY: Section 1. The foregoing Recitals are incorporated herein by this reference. Section 2. The attached North College Community Investment Plan is hereby approved. Section 3. This Resolution shall be effective upon approval by the Authority. Packet Pg. 22 -2- Passed and adopted at a regular meeting of the Board of Commissioners of the City of Fort Collins Urban Renewal Authority this 30th day of November, A.D. 2020. _________________________________ Chair ATTEST: _____________________________ Secretary Packet Pg. 23 Introduction The Community Investment Plan for North College is the culmination of years’ worth of study and engagement on the North College Urban Renewal Plan Area. This plan unites a data driven, analytical approach to redevelopment and the lived experience of commun ity members and what they would like to see the plan area become in the future. This document is a guide for the Urban Renewal Authority Board’s investment decisions in the plan area. Analysis and Engagement In 2018, staff worked with Economic Planning Systems (EPS) on identifying the best opportunities for investment within the plan area. EPS analyzed the real estate market for the plan area to determine what kinds of development are most likely in the plan area. EPS then also analyzed the development potential of six districts within the plan area. Three focus areas for investment emerged based on EPS’s analysis of market demand and development potential. EPS’s report provides guidance for each focus area. The EPS report concludes with three overarching recommendations for the plan area: 1.The URA should take a more proactive role in land assembly of vacant and underutilized parcels into larger and more efficient development sites. 2.The City should consider land banking property suitable for affordable housing within the North College Plan Area. 3.The URA should consider establishing and funding a retail building improvement program. A series of community workshops followed EPS’s analysis to gain a better understanding of what the North College community would like to see the URA invest in over the next ten years. 2018 •Economic Planning Systems analysis 2019 •Economic Planning Systems report •Community workshop series begins 2020 •Workshop series completed •Engagement report completed •Adoption of Community Investment Plan EXHIBIT A A Packet Pg. 24 Attachment: Exhibit A (9724 : North College Investment Plan RES) Over the course of a year, staff worked with the Institute for the Built Environment (IBE) and The Family Center/La Familia (TFC/LF) on a series of workshops to better understand how the URA can invest in ways to better the North College community. IBE’s engagement consisted of six workshops with participants representing neighborhoods, businesses, service providers, City staff, and others. TFC/LF engaged with mobile home park residents and consisted of three workshops. Nearly 60 community members participated in this process between the two groups. Overarching themes both groups identified included: • Increase vibrancy through maintaining and adding services and amenities that the community wants. • Enhance and celebrate cultural needs and opportunities, including artistic expression. • Increase access to a variety of recreation options. From this, IBE produced a report synthesizing the findings of both series of workshops. The report highlights four key areas of investment. These four categories of investment are: 1. Complete, vibrant neighborhood 2. Latinx community hub 3. Stormwater improvements 4. Recreation and connectivity Appendix A contains a detailed overview of IBE’s findings and recommendations. Equitable Development Framework North College is the one of the most diverse areas of Fort Collins. Since the beginning, immigrants have called the neighborhoods north of the Poudre River home. Immigrants flocked to the area north of the river to work on sugar beet farms and at the Great Western Sugar Beet Company factory. Today, North College is home to a large Latinx community. According to the American Community Survey, 5,188 people live in the North College corridor. 2,288 of these people identify as being Hispanic/Latino, making up 44% of the population in the North College corridor. People who identify as being Latinx make up 13% of the City's population. This high concentration of Latinx households is unique in Fort Collins and thus requires an approach to community building and investment that is uniquely tailored to this community. Communities north of the river were the last to receive services from the City. The industrial heritage of the North College community has also led to inequitable health outcomes. Our highest priority areas in Fort Collins for increased health equity are North College and the East Mulberry corridor according to the City Plan Trends & Forces Report. Hispanic/Latino households earn less money and are more likely to be in poverty than the av erage household in Fort Collins according to American Community Survey data. This confluence of factors means investment must also focus on equitably building community so that race ceases to be a predictor of economic and health outcomes. The URA has guiding principles of inclusion and co-creating plans with the community. The Government Alliance on Race & Equity (GARE) developed a framework for equitable development to address situations like the one on North College. The GARE Equitable Development Framework consists of the following elements: 1. Advance economic opportunity A Packet Pg. 25 Attachment: Exhibit A (9724 : North College Investment Plan RES) 2. Prevent displacement 3. Preserve and expand affordable housing options 4. Understand and respond to local context 5. Promote broader mobility and connectivity 6. Practice meaningful community engagement 7. Develop healthy and safe communities 8. Promote environmental justice 9. Achieve full accessibility This framework serves as a guide for this investment plan and ensures the work of the URA is rooted in equity, leading with race. A Packet Pg. 26 Attachment: Exhibit A (9724 : North College Investment Plan RES) Investment Plan Complete, Vibrant Neighborhood A complete, vibrant neighborhood is one where community members can complete most of their day-to-day tasks without having to leave the neighborhood. Workshop participants identified several amenities that would make North College a more complete neighborhood. Some of these amenities include: • More small business opportunities • Affordable housing • Food and entertainment • Professional development and education opportunities • Affordable childcare • A library branch By investing in these amenities, the URA will promote context sensitive investment and economic opportunities for businesses and residents of the plan area. Short Term Strategies Cultivate partnerships The URA will act as a convener of community members, developers, representatives from all taxing entities (City, County, School District, Library District, etc.), and others. This will be an opportunity for all stakeholders to develop a shared vision for specific kinds of development that will help make North College a more complete, vibrant neighborhood. Staff will look to other communities that have had success in community led development and apply lessons these communities have learned to the work on North College. Small business support Many small businesses are struggling amidst the COVID-19 pandemic. The URA could build upon the grant programs offered by the City as part of the CARES Act. This would allow the URA to help stabilize small businesses until the end of the pandemic. A Packet Pg. 27 Attachment: Exhibit A (9724 : North College Investment Plan RES) Medium Term Strategy Identify & Pilot community hub programs In the medium term, community partners can work with the URA on identifying and piloting programs that would be integrated into a future community hub. This would provide services desired by the community and present an opportunity to test services in a cost-effective way. Pilot programs would also provide an indication of the cost to provide these services on an ongoing basis. Long Term Strategies Acquire property for re-development Acquiring property would allow the URA to issue a RFP and find and work with qualified development partners that could deliver a development program consistent with community desires and opportunities. Repayments fund community objectives As development occurs and taps into stormwater infrastructure and takes access from Mason Street, the URA and City will seek repayment from developers. Repayments to the URA can go into a fund that helps fulfill other community objectives. If a development meets objectives identified by the community, such as affordable housing, the URA could waive its repayment to incentivize the type of development desired by the community. Any projects seeking a waiver for a repayment would request a waiver from the URA Board. The URA Board would decide on any waiver in a similar fashion to a TIF assistance request. This system would help achieve legacy projects for the plan area and incentivize the kind of development desired by the community in the North College plan area. Community Hub Various community members have noted that North College lacks a focal point. Latinx community members feel an acute need for a community gathering place. Outside of the Northside Aztlan Community Center, there are few locations on the northside of Fort Collins that provide a space for community members to get together. There are also few cultural and educational amenities in the plan area. Workshop participants developed the idea of a community hub that could bring these amenities together in one location potentially along with other forms of development that would then act as the focal point of North College. The community hub would be something available and open to all. While the community hub would serve anyone, the community hub should also address unmet needs of the Latinx community. A Packet Pg. 28 Attachment: Exhibit A (9724 : North College Investment Plan RES) For the community hub to be successful, the community must lead in designing the hub, with a particular focus on elevating the voices of the Latinx community. The URA will act as a convener at first to bring together stakeholders. Once the community has designed the community hub, the URA can act as a financial partner to help bring the community hub to fruition. Short Term Strategy Begin community-based design process For a community space such as this to be successful, the community must buy-in and feel a sense of ownership over the space. The URA could act as a convener for facilitating a community-based design process. The first year would focus on developing relationships and building a shared vision for the community hub while identifying opportunities to improve existing services in the interim. This will provide the foundation to find the appropriate partners that can help develop the community hub in year two. Medium Term Strategy Forge development partnerships The URA will not have all the funds necessary to develop a community hub on its own. Community and development partners will help bring capital and expertise to the community hub to help make the community hub a reality. Long Term Strategy Develop community hub Continue work with community and development partners to develop community hub that aligns with the needs and vision established by the community. Community members will continue to drive the design and programming of the community hub. Infrastructure Improvements One of the focus areas of the North College Corridor Plan from 2007 and adoption of the North College Urban Renewal Plan was addressing infrastructure deficiencies throughout the North College corridor. In 2010, City Council adopted the North College Infrastructure Funding Plan to guide implementation of the North College Corridor Plan. This plan identified infrastructure improvements within the plan area, estimated costs, funding sources, and priority levels for A Packet Pg. 29 Attachment: Exhibit A (9724 : North College Investment Plan RES) each project. This document has successfully guided tens of millions of dollars in public infrastructure investment in the corridor. A handful of projects identified in the Infrastructure Funding Plan remain unbuilt that help inform the investment plan and can form the foundation of the Board’s investment in infrastructure. Short Term Strategy Continue support of existing projects The City’s Stormwater and Engineering departments have begun work on stormwater improvements and establishing the Mason Street corridor west of College Ave. Stormwater completed 10% design of the stormwater improvements earlier in 2020. Engineering staff are in the process of acquiring right-of-way for the Mason Street corridor. The URA contributed $300,000 to the combined stormwater and Mason Street project in 2019 with the City contributing $467,800. Stormwater submitted a budget offer as part of the City’s Budgeting for Outcomes process to continue this project in 2021. The budget offer requests $1.5 million for final design of the stormwater system south of Hickory Street as well as construction of the outfall into the Poudre River. The budget offer also states that this project will only remain a priority if the URA contributes to the project financially. Medium Term Investment Strategies Complete existing projects Depending on funding levels, the west side stormwater and Mason Street project will likely extend into 2023-2024. Completing this project would create an asset that could spur additional private investment and tax increment generation. Support outcomes of plan updates Planning efforts underway today will likely finish in the next two years. Agencies conducting planning efforts that impact North College include Transfort and Parks Planning. The URA can collaborate on implementation items articulated in completed plans that align with the Urban Renewal Authority’s strategic plan in the medium term. Long Term Investment Strategy Invest in legacy projects At the end of the plan area’s tax increment generation, the Board can consider infrastructure projects that will leave an enduring legacy on the North College community. These projects could also provide repayment opportunities that will give the URA a revenue source that lasts A Packet Pg. 30 Attachment: Exhibit A (9724 : North College Investment Plan RES) beyond the tax increment generation period of the plan area and enable investment in other community priorities. Recommended Revenue Allocation Complete, Vibrant Neighborhood Community Hub Infrastructure Improvements Short Term 2021 - 2022 Cultivate partnerships Small business support Community based design process Continue existing projects Medium Term 2023 - 2024 Pilot community hub programs Forge development partnerships Complete existing projects Long Term 2025 and beyond Acquire property Repayments fund community objectives Develop community hub Fund legacy projects Total Allocation 25% 50% 25% The allocations presented above represent a balanced approach to investment. All three objectives will act in concert to achieve the objectives from our community engagement and the GARE Equitable Development Framework while meeting statutory requirements to remediate blight and prevent its further spread. Infrastructure improvements will honor previous investments made by the URA, help generate economic opportunity for area residents and businesses, and enhance mobility and connectivity for all community members. Developing a complete, vibrant neighborhood and a community hub will support development that addresses the unique needs of the North College area in a culturally attuned way. Recommended Revenue Allocation by Timeframe The allocations above indicate the rough proportion of the URA’s revenues that should go to each community objective. Another important consideration is when to invest in each objective. Infrastructure investment could lead to redevelopment that increases the tax base and provides additional revenue for the URA to spend on its objectives. It is also important to retain enough tax increment revenue to support potential redevelopment and the community hub. The table below provides guidance on how to spend tax increment within each timeframe. Short Term 2021 - 2022 Medium Term 2023 - 2024 Long Term 2025 and beyond Total Complete, Vibrant Neighborhood 10% $238,849 25% $424,480 30% $2,914,064 $3,577,393 Community Hub 10% $238,849 25% $424,481 60% $5,828,127 $6,491,457 Infrastructure Improvements 80% $1,910,791 50% $848,961 10% $971,355 $3,731,107 Total $2,388,489 $1,697,922 $9,713,546 $13,799,957 A Packet Pg. 31 Attachment: Exhibit A (9724 : North College Investment Plan RES) Finance Options The URA may fund improvements as it generates tax increment or issue debt to fund projects. This investment plan does not provide guidance on how to finance the improvements in this plan. Rather, financing decisions are at the discretion of the URA Board. The URA Board will have the opportunity to discuss financing options when these projects and others go before the URA Board for discussion. At that time, the Board may decide the best mechanism for financing these projects. A Packet Pg. 32 Attachment: Exhibit A (9724 : North College Investment Plan RES) Metrics and Indicators As stated earlier, this investment plan aims to invest the URA’s remaining tax increment revenue into projects that improve the North College corridor for all. Often times, investment by government can inadvertently lead to displacement of people, businesses, and culture. For this investment plan to be a success, investment must lead to all members of the North College community sharing in the growth in prosperity from the URA’s investments. The following metrics and indicators will provide signs of how well the URA’s investments are supporting the goal of developing in an equitable way. Staff will monitor the following data: Metric/Indicator Data Source Target Leverage rate URA Increase or maintain historic leverage rate Property values County Assessor Stable growth Property ownership County Assessor Varied ownership, few properties owned by LLCs that own 3+ properties Residential rents Department of Local Affairs Stabilize rents Business rents CoStar Stabilize rents Household income HUD, American Community Survey Stable growth Cost burdened households American Community Survey Decrease percentage of households that are cost burdened Residential building permits issued City of Fort Collins Mix of unit types that match community needs Households by race American Community Survey Prevent displacement of Latinx community This suite of metrics and indicators will provide a strong overview of the economic vitality and the composition of businesses and residents in the plan area. Early signs of significant change in any of the metrics will send a signal to the URA to act befo re the issue becomes too difficult to address. Many of these metrics are not within the URA’s control. While the URA cannot control things like rent or who chooses to live in the plan area, the URA can influence factors that would result in change or potential displacement of people, businesses, and culture. A Packet Pg. 33 Attachment: Exhibit A (9724 : North College Investment Plan RES) Plan Alignment Beyond fulfilling the objectives identified by the community during our engagement process, this investment plan will support the objectives of all entities collecting property tax in the plan area. This section identifies relevant policies and goals of each taxing entity with which this investment plan aligns. City of Fort Collins The City of Fort Collins has a comprehensive plan called City Plan that provides an overall vision for the development of the community. Sub-area plans then clarify that vision for different parts of town. The North College Corridor Plan (NCCP) provides finer grain detail and specific goals for how North College will develop over time. City Plan Principle LIV 2 – Promote infill and redevelopment Policy LIV 3.6 – Context-sensitive development Policy LIV 4.4 – Culturally relevant gathering places Principle LIV 7 – Promote a more inclusive and equitable community that encourages and celebrates diversity North College Corridor Plan Goal STN 2 - Adapt the pattern and details of new streets to fit circumstances and facilitate development projects consistent with the vision and goals Goal CAD 2 - Build up a distinct image and city character in evolving places along the corridor Goal CAD 4 - Promote the positive attributes of the whole North College corridor area with a unique image and identity program Goal FAD 1 - Solve drainage system needs where required to allow street and development projects Goal FAD 2 - Leverage and stimulate further investment with infrastructure projects Goal FAD 3 - Leverage City investments with additional financing derived from land value, as needed to make necessary infrastructure feasible Goal FAD 4 - Foster a positive investment climate for projects that contribute to the vision and goals Goal COM 1 - Continue the broad public support which prompted this plan and much of the progress in the corridor since 1992 will continue Goal COM 2 - Increase collaboration and mutual understanding among multiple owners and City Departments A Packet Pg. 34 Attachment: Exhibit A (9724 : North College Investment Plan RES) Goal COM 3 - Public support, civic discussions, and citizen initiative will continue to lead to financing solutions and other property agreements to implement goals. Larimer County Larimer County utilizes a Strategic Plan to guide its operations in the short term. Larimer County’s Comprehensive Plan provides policy direction over the long term. Below are policies from the Strategic Plan and Comprehensive Plan with which this investment plan aligns. Strategic Plan Goal 2 - Everyone in Larimer County has access to economic opportunities and a vibrant quality of life. We work together to remove barriers. Comprehensive Plan Policy E1.3 - Support investments in workforce development, training, technology, and education for the evolving needs of a diverse workforce and changing economy. Policy E1.4 - Encourage small-business development and entrepreneurship in non-residential locations. Policy I1.7 - Collaborate with state, regional, and local entities to develop a more efficient, connected trail, transit, rail and multi-modal transportation system. Poudre School District Poudre School District uses the concept of District Ends to define success. District Ends are aspirational goals that help the district achieve its vision and drives policy. The District Ends this investment plan will help the school district achieve are: Success in a Changing World: PSD students are prepared for college and workforce success. PSD ensures access and encourages participation in a wide range of experiences that reflect expectations of a changing world. Connections: PSD students are academically and socially connected to their school and community. PSD provides engaging opportunities to support students' individual pursuits and interests. Poudre River Library District Meet & Collaborate - We are a catalyst for positive, social interactions. We provide inclusive, welcoming spaces to bring together a growing and diverse community. Our libraries are trusted destinations that anchor the community. We build collaborative partnerships with local organizations, businesses, and nonprofits that allow us to provide service in alternative ways. Reimagine the Future - We foster a culture of possibility and stewardship. We anticipate the needs of our growing community and align our resources to those needs. We recognize that the current demand for library services in our District exceeds our available public spaces. We look for opportunities to expand and build efficiency, sustainability, and creativity in our operations. A Packet Pg. 35 Attachment: Exhibit A (9724 : North College Investment Plan RES) Appendix A: Engagement Overview Community members who participated in the workshops had the opportunity to better understand the URA’s function, and to explore the context and desired future in and around the North College Plan Area. The Family Center/La Familia (TFC/LF) conducted three community workshops with an average of 30 participants—primarily from the Latinx community—who included members of Mi Voz (a civic engagement leadership program organized by TFC/LF), North College Latinx residents, business owners, advocates, and parents. IBE conducted six workshops that included an average of approximately 25 participants who included residents, City of Fort Collins and Larimer County staff, Fort Collins Police Department representatives, members of the North College Plan Area Citizen Advisory Group, North Fort Collins business owners, and non-profit and community organizations. Within each of the two workshop tracks (IBE and TFC/LF), attendance was relatively consistent across all workshops. Overarching themes between the two groups were as follows: • Increase vibrancy through maintaining and adding services and amenities that the community wants. • Enhance and celebrate cultural needs and opportunities, including artistic expression. • Increase access to a variety of recreation options. Complete & Vibrant Neighborhood • Support and encourage small businesses • Affordable housing, including preservation of mobile home parks • Assets reflective of, supporting, and attuned to Latinx culture, businesses, and families o Food and entertainment o Health services o Additional affordable child chare o Library/community college branch o Highlight local art / artist throughout corridor o Spanish language / Latinx movies Approach A: Proactively encourage mixed-use (re)development through issuing an RFP. Approach B: Distribute resources to support small businesses and target community-prioritized amenities. Latinx Community Hub • Indoor community and recreation space • Space for seniors to gather, and for quinceañeras and other cultural celebrations • Economic stability and job training opportunities • Space for youth activities • Family and community health support services • Possible incubator space • Community skills and asset sharing A Packet Pg. 36 Attachment: Exhibit A (9724 : North College Investment Plan RES) Approach: Facilitate and support a community-driven design process with potential funding from non-profit, philanthropic, and possibly grants or an angel investor. Stormwater Improvements • Continue to invest in stormwater improvements on the west side of College Avenue to enable real estate development Approach: Continue to partner with City of Fort Collins Engineering Services to help deliver improvements. Leverage stormwater improvements to help support bike/pedestrian connectivity. Potentially explore stormwater improvements serving as a source for future revenues through repayments as development occurs along Mason Street. Recreation & Connectivity • Increase access, connectivity, and community-desired activities • Improve connection between parks and neighborhoods • Outdoor recreation spaces (e.g. soccer, outdoor grilling) • Additional outdoor grilling areas • Indoor soccer fields • Plaza and mercado Approach: Relatively low-cost investment can provide impact improvements in residents’ quality of life and will help support multimodal transportation in the corridor. Work with City of Fort Collins Parks and Recreation, as appropriate. A Packet Pg. 37 Attachment: Exhibit A (9724 : North College Investment Plan RES) Agenda Item 3 Item # 3 Page 1 AGENDA ITEM SUMMARY November 30, 2020 Urban Renewal Authority Board STAFF Clay Frickey, Redevelopment Program Manager SUBJECT Resolution No. 110 of the Board of Commissioners of the Fort Collins Urban Renewal Authority Approving Its Amended Strategic Plan. EXECUTIVE SUMMARY The purpose of this item is to consider adoption of a Resolution amending the Urban Renewal Authority Strategic Plan. RECOMMENDATION Staff recommends approval of the Resolution. BACKGROUND Staff and the Urban Renewal Authority Board have co-created a strategic plan since August 2019. The Board considered an initial framework of the strategic plan in February 2020 and a draft plan in July 2020. The Board adopted the strategic plan via resolution at their meeting on September 24, 2020. At this meeting, members of the Board requested changes to the Strategic Plan. These changes included: • Adding a section on Who We Are as an organization. • Align Strategic Plan with Capital Improvement Plans (CIPs) of other taxing entities • Emphasize partnerships including the City, all taxing entities/special districts, their staff, etc. When presented at the Board meeting in October, the Board requested a series of changes captured by the proposed resolution. DISCUSSION What’s Changed? Staff made three changes to the Strategic Plan based on the feedback from the URA Board. These changes are: • Addition of a “Who We Are” statement • Changed word “other taxing entities” to “partners” • Added eighth strategy related to supporting partners’ Capital Improvement Plans (CIPs) Who We Are Board members expressed an interest in creating another section of the Strategic Plan describing who the Urban Renewal Authority is. By knowing who the Urban Renewal Authority is, stakeholders wo uld have a better understanding of how and why the Urban Renewal Authority acts in the way it does. Staff proposed the following statement describing who we are as an Urban Renewal Authority in October: 3 Packet Pg. 38 Agenda Item 3 Item # 3 Page 2 The Fort Collins Urban Renewal Authority brings together organizations that collect property tax to create a better Fort Collins for everyone. Board members expressed concern that this statement did not capture the organization’s purpose of remediating blight. This statement is now amended to capture this element of the URA, as shown below: The Fort Collins Urban Renewal Authority brings together local, tax collecting organizations to collaborate and remediate blight to create a better community for everyone. What We Do Adding a “Who We Are” statement caused some Board members to desire slight changes to the “What We Do” statement. The discussion at the October Board meeting made Board members realize that none of the statements in the Strategic Plan addressed the organizations use of tax increment financing. Since tax increment financing is a tool employed by the URA, the Board thought it would make sense to include a reference to tax increment financing in the “What We Do” statement. The amended “What We Do” statement now reads: Eliminate blight by catalyzing projects and accelerating investments that would not otherwise happen, thereby creating improvements with lasting value through tax increment financing. Partners One of the concerns the Board raised upon adopting the Strategic Plan was how to best ensure stakeholders understand the City is included as being one of the taxing entities referred to in the Strategic Plan. Other Board members wanted the Strategic Plan to not overemphasize the City while still ensuring the Strategic Plan includes all the other taxing entities. To address these points, staff proposes using the term “partners” to refer to all the taxing entities represented in the URA. This term is more inclusive and does not create a dichotomy between the City and all other taxing entities. Eighth Strategy Strategy 8 captures the desire for the URA to align its action with the capital investments of partner agencies. It is a further refinement of Strategy 7 and makes it clear the URA will work to align its work with the capital investments of its partners. This will allow the URA and its partners to invest in mutually beneficial ways. ATTACHMENTS 1. Powerpoint Presentation (PDF) 3 Packet Pg. 39 November 30, 2020 URA Strategic Plan Amendment ATTACHMENT 1 3.1 Packet Pg. 40 Attachment: Powerpoint Presentation (9676 : Strategic Plan Amendment) Background •Board adopted Strategic Plan in September •Requested changes •Who We Are •What We Do •More clarity around what “taxing entities” means •Align with other organizations’capital investments 2 3.1 Packet Pg. 41 Attachment: Powerpoint Presentation (9676 : Strategic Plan Amendment) Who We Are The Fort Collins Urban Renewal Authority brings together local, tax collecting organizations to collaborate and remediate blight to create a better community for everyone. 3 3.1 Packet Pg. 42 Attachment: Powerpoint Presentation (9676 : Strategic Plan Amendment) What We Do Eliminate blight by catalyzing projects and accelerating investments that would not otherwise happen, thereby creating improvements w ith lasting value through tax increment financing. 4 3.1 Packet Pg. 43 Attachment: Powerpoint Presentation (9676 : Strategic Plan Amendment) Ta xing Entities Language •Changed to “partners” •All taxing entities equal •Inclusive term 5 3.1 Packet Pg. 44 Attachment: Powerpoint Presentation (9676 : Strategic Plan Amendment) Strategy 8 Strategy 8 -Align URA Strategic Plan and activities with partner agencies’capital investments. •Ensures investments aligned •Can then invest in mutually beneficial ways 6 3.1 Packet Pg. 45 Attachment: Powerpoint Presentation (9676 : Strategic Plan Amendment) Recommendation Staff recommends adopting the resolution amending the URA Strategic Plan 7 3.1 Packet Pg. 46 Attachment: Powerpoint Presentation (9676 : Strategic Plan Amendment) -1- RESOLUTION NO. 110 OF THE BOARD OF COMMISSIONERS OF THE FORT COLLINS URBAN RENEWAL AUTHORITY APPROVING ITS AMENDED STRATEGIC PLAN WHEREAS, the Fort Collins Urban Renewal Authority (the “Authority”) was established in 1982 under and in accordance with the Colorado Revised Statutes (“C.R.S.”) § 31-25-101, et seq. (the “Urban Renewal Law”); and WHEREAS, the Authority is authorized by C.R.S. § 31-25-105(1)(a) to make and adopt bylaws, orders, rules, and regulations to effectuate the purposes of the Urban Renewal Law; and WHEREAS, to facilitate communication with the general public, other taxing bodies, and private development community about the strategies, mission, goals and priorities of the Authority in furthering its purpose under the Urban Renewal Law, on September 24, 2020 the Commissioners of the Authority adopted Resolution 2020-108 approving the Strategic Plan in the form attached as Exhibit A thereto (the “Strategic Plan”); and WHEREAS, the Strategic Plan is an advisory document which identifies and establishes strategies that are of particular importance to the Authority to guide its mission and further its purposes; and WHEREAS, further discussion of the Commissioners about the Strategic Plan led to the desire for further clarification of the Strategic Plan, and the Commissioners have proposed amendments to the Strategic Plan to affect such clarification; and WHEREAS, the Commissioners have determined that it is in the best interests of the Authority to approve the Strategic Plan, as amended, in the form attached hereto and incorporated herein as Exhibit A (the “Amended Strategic Plan”). NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE FORT COLLINS URBAN RENEWAL AUTHORITY: Section 1. The foregoing Recitals are incorporated herein by this reference. Section 2. The Amended Strategic Plan in the form attached hereto as Exhibit A is hereby approved. Section 3. This Resolution shall be effective upon approval by the Authority. Packet Pg. 47 -2- Passed and adopted at a regular meeting of the Board of Commissioners of the City of Fort Collins Urban Renewal Authority this 30th day of November, A.D. 2020. _________________________________ Chair ATTEST: _____________________________ Secretary Packet Pg. 48 tŚĂƚtĞŽ͗ ůŝŵŝŶĂƚĞďůŝŐŚƚďLJĐĂƚĂůLJnjŝŶŐƉƌŽũĞĐƚƐĂŶĚĂĐĐĞůĞƌĂƚŝŶŐŝŶǀĞƐƚŵĞŶƚƐƚŚĂƚǁŽƵůĚŶŽƚŽƚŚĞƌǁŝƐĞŚĂƉƉĞŶ͕ƚŚĞƌĞďLJĐƌĞĂƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚůĂƐƚŝŶŐǀĂůƵĞƚŚƌŽƵŐŚƚĂdžŝŶĐƌĞŵĞŶƚĨŝŶĂŶĐŝŶŐ͘,ŽǁtĞĞŚĂǀĞ͗භ ^ƚĞǁĂƌĚƐŚŝƉ භ dƌĂŶƐƉĂƌĞŶĐLJ  භ ĂƚĂƌŝǀĞŶ භŽͲĐƌĞĂƚŝŽŶභ/ŶĐůƵƐŝŽŶ^ƚƌĂƚĞŐLJϭ͗ŽͲĐƌĞĂƚĞƉƌŽĂĐƚŝǀĞĐŽŵŵƵŶŝƚLJŝŶǀĞƐƚŵĞŶƚƉůĂŶƐǁŝƚŚĐŽŵŵƵŶŝƚLJŵĞŵďĞƌƐĂŶĚƉĂƌƚŶĞƌƐĨŽƌĞĂĐŚƉůĂŶĂƌĞĂ͘^ƚƌĂƚĞŐLJϮ͗ĞǀĞůŽƉĞǀĂůƵĂƚŝŽŶĐƌŝƚĞƌŝĂĨŽƌd/&ĂƐƐŝƐƚĂŶĐĞƌĞƋƵĞƐƚƐďĂƐĞĚŽŶhZŽĂƌĚƌĞƚƌĞĂƚ͘^ƚƌĂƚĞŐLJϯ͗ŵĞŶĚ/'ǁŝƚŚŝƚLJƚŽďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚhZ^ƚƌĂƚĞŐŝĐWůĂŶ͘^ƚƌĂƚĞŐLJϰ͗hƉĚĂƚĞhZǁĞďƐŝƚĞƚŽŝŵƉƌŽǀĞƵƐĂďŝůŝƚLJ͘^ƚƌĂƚĞŐLJϱ͗WƌŽĚƵĐĞĂŶŶƵĂůƌĞƉŽƌƚĨŽƌƚŚĞhZĂŶĚĞĂĐŚƉůĂŶĂƌĞĂ͘^ƚƌĂƚĞŐLJϲ͗hƉĚĂƚĞͬĚĞǀĞůŽƉŵĂƚĞƌŝĂůƐŽƵƚůŝŶŝŶŐhZƉƌŽĐĞƐƐĞƐĨŽƌĂƉƉůŝĐĂŶƚƐĂŶĚƚŚĞĐŽŵŵƵŶŝƚLJ͘tŚLJtĞdžŝƐƚ͗ KƵƌƌĞƐŝĚĞŶƚƐĨĞĞůŐƌĞĂƚĞƌĐŝǀŝĐƉƌŝĚĞĂŶĚƐĞŶƐĞŽĨďĞůŽŶŐŝŶŐǁŚĞŶƌĞŝŶǀĞƐƚŵĞŶƚŚĞůƉƐƚƌĂŶƐĨŽƌŵďůŝŐŚƚĞĚĂƌĞĂƐŝŶƚŽǀŝďƌĂŶƚŶĞŝŐŚďŽƌŚŽŽĚƐĂŶĚĂŵĞŶŝƚŝĞƐǁŚŝĐŚĞŶŚĂŶĐĞƚŚĞůŽĐĂůĐŚĂƌĂĐƚĞƌ͕ĐƵůƚƵƌĞ͕ĞĐŽŶŽŵLJ͕ĂŶĚƋƵĂůŝƚLJŽĨůŝĨĞ͘^ƚƌĂƚĞŐLJϳ͗ůŝŐŶhZ^ƚƌĂƚĞŐŝĐWůĂŶĂŶĚĂĐƚŝǀŝƚŝĞƐǁŝƚŚƉĂƌƚŶĞƌĂŐĞŶĐŝĞƐ͛ŐŽĂůƐ͕ŽďũĞĐƚŝǀĞƐ͕ĂŶĚƉůĂŶƐ͘^ƚƌĂƚĞŐLJϴ͗ůŝŐŶhZ^ƚƌĂƚĞŐŝĐWůĂŶĂŶĚĂĐƚŝǀŝƚŝĞƐǁŝƚŚƉĂƌƚŶĞƌĂŐĞŶĐŝĞƐ͛ĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚƐ͘EXHIBIT A