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HomeMy WebLinkAboutMemo - Mail Packet - 2/8/2022 - Memorandum From Josh Birks Re: Metro District Process Economic Health Office 222 LaPorte Avenue PO Box 580 Fort Collins, CO 80522 970.416.4349 fcgov.com MEMORANDUM DATE: February 3, 2022 TO: Mayor and City Council THRU: Kelly DiMartino, Interim City Manager Kyle Stannert, Deputy City Manager Jackie Kozak-Thiel, Chief Sustainability Officer FROM: Josh Birks, Economic Health Director RE: Metro District Process This memorandum outlines the process for evaluating Metro District applications and the purpose for the February 15 agenda item related to the proposed Strauss Lakes Metro District. BOTTOM-LINE: Our Metro District policy allows applicants a pre-application meeting with City Council. The purpose of this meeting is to discuss and provide feedback on the public benefits the Metro District proposes. City Council will hold a pre-application meeting for the proposed Strauss Lakes Metro District on February 15. After the pre-application meeting, the applicant may submit a formal Metro District application along with a draft Service Plan. BACKGROUND: City Council adopted an amended Metro District policy on April 20, 2021. This new policy applies to Metro Districts where more than 10% of the estimated assessed value of the project is residential. To gain approval, applicants must score a certain number of points on a scorecard. Applications gain points by providing public benefits in a number of categories. These categories are: 1. Housing 2. Energy, Renewables, & Water a. Enhanced Energy Performance b. Energy Components c. Renewable d. Indoor Water e. Outdoor Water 3. Neighborhood Livability a. Transportation b. Neighborhood Amenities c. Natural Environment d. Health, Culture & Education The process for considering Metro Districts is as follows: 1. Letter of Interest submittal 2. Staff reviews Letter of Interest 3. City Council Conceptual Review (upcoming February 15 pre-application meeting) 4. Formal submittal of Metro District 5. Staff reviews Metro District application and Service Plan 6. Council Finance review 7. Council considers Metro District The new Metro District policy requires a Conceptual Review meeting with City Council. This Conceptual Review meeting allows Council the opportunity to provide direction and feedback on the Applicants must submit a Letter of Interest that contains a section detailing the ways they plan on accumulating points on the evaluation scorecard for consideration at the Conceptual Review. Staff then assesses the Letter of Interest and provides a formal response to the Letter of Interest within 30 days of Conceptual Review meeting provided a formal response the Letter of Interest on January 14, 2022. Council will hold a Conceptual Review of the proposed Strauss Lakes Metro District on February 15. These two attachments will provide Coun Interest. The Conceptual Review meeting will follow the process below: Staff provides overview of the project and comments on Letter of Interest Applicant presents project and public benefits they intend to provide in Metro District Public comment Council questions, comments, and deliberation The next steps in the Metro District process following the pre-application meeting would be a formal submittal of a Metro District application with the City along with a draft Metro District Service Plan. Staff would review the application against the scorecard, review the Service Plan against our model Service Plan, and then bring an agenda item to Council Finance and City Council for consideration of the proposed Metro District.