HomeMy WebLinkAboutMemo - Mail Packet - 8/25/2020 - Memorandum From Clay Frickey Re: Urban Renewal Plan Overviews
Urban Renewal Authority
222 Laporte Avenue
PO Box 580
Fort Collins, CO 80522
970.416.2231
970.224.6107 - fax
fcgov.com
MEMORANDUM
DATE: August 17, 2020
TO: Urban Renewal Authority Board
THRU: Darin Atteberry, Executive Director
Jackie Kozak-Thiel, Chief Sustainability Officer
Josh Birks, Economic Health Office Director
FROM: Clay Frickey, Redevelopment Program Manager
RE: Urban Renewal Plan Overviews
Per board members’ request at our June Urban Renewal Authority Board meeting, staff has prepared a
short overview of the active Urban Renewal Plans. The plan objectives for the North College and
Prospect South Plan Areas are the same. Please note that the Foothills Mall URA is not listed below since
it acts as a pass through to the Foothills Mall Metro District.
North College Urban Renewal Plan
Adoption date: December 21, 2004
Last year of tax increment generation: 2029
Key Projects: North College Marketplace, Lyric Cinema Café, North College streetscape improvements
Plan objectives:
To facilitate redevelopment and new development by private enterprise through cooperation
among developers and public agencies to plan, design, and build needed improvements
To address and remedy conditions in the area that impair or arrest the sound growth of the city
To implement the Comprehensive Plan and its related elements
To redevelop and rehabilitate the area in a manner which is compatible with and
complementary to unique circumstances in the area
To effectively utilize undeveloped and underdeveloped land
To improve pedestrian, bicycle, and vehicular circulation and safety
To ultimately contribute to increased revenues for all taxing entities
To encourage the voluntary rehabilitation of buildings, improvements and conditions
To facilitate the enforcement of the laws and regulations applicable to the Renewal Area
To watch for market and/or project opportunities to eliminate blight, and when such
opportunities exist, to take action within the financial, legal and political limits of the Authority
to acquire land, demolish and remove structures, provide relocation benefits, and pursue
redevelopment, improvement and rehabilitation projects.
Prospect South TIF District
Adoption date: September 26, 2011
Last year of tax increment generation: 2036
DocuSign Envelope ID: 436CE93B-DEAF-4818-94FB-64CF1C41386B
Key Projects: The State on College, Prospect Station
Plan objectives:
To facilitate redevelopment and new development by private enterprise through cooperation
among developers and public agencies to plan, design, and build needed improvements.
To address and remedy conditions in the area that impair or arrest the sound growth of the City.
To implement the Comprehensive Plan and its related elements.
To redevelop and rehabilitate the area in a manner which is compatible with and
complementary to unique circumstances in the area.
To effectively utilize undeveloped and underdeveloped land.
To improve pedestrian, bicycle, vehicular and transit-related circulation and safety.
To ultimately contribute to increased revenues for all taxing entities.
To encourage the voluntary rehabilitation of buildings, improvements and conditions.
To facilitate the enforcement of the laws and regulations applicable to the Plan Area.
To watch for market and/or project opportunities to eliminate blight, and when such
opportunities exist, to take action within the financial, legal and political limits of the Authority
to acquire land, demolish and remove structures, provide relocation benefits, and pursue
redevelopment, improvement and rehabilitation projects.
College and Drake Urban Renewal Plan
Adoption date: January 21, 2020
Last year of tax increment generation: 2045
Plan objectives:
To facilitate redevelopment and new development by private enterprise through cooperation
among developers and public agencies to plan, design, and build needed improvements.
To address and remedy conditions in the area that impair or arrest the sound growth of the City,
including vacancy, underutilization, and underinvestment.
To implement the Comprehensive Plan and its related elements.
To leverage reinvestment and development outcomes to redevelop and rehabilitate the area in
a manner that is compatible with and complementary to community goals and objectives for the
Plan Area.
To more effectively utilize undeveloped and underdeveloped land.
To improve pedestrian, bicycle, vehicular and transit-related circulation and safety.
To encourage the rehabilitation and redevelopment of outmoded buildings, improvements, and
conditions.
To facilitate the enforcement of the laws and regulations applicable to the Plan Area.
To accommodate project opportunities to eliminate blight, and when such opportunities exist,
to take action within the financial, legal, and political limits of the Authority to acquire land,
demolish and remove structures, provide relocation benefits, and pursue redevelopment,
improvement, and rehabilitation projects.
To provide a range of financing mechanisms to incent investment, including utilizing incremental
taxes derived from within the Plan Area to enable enhanced development outcomes, both
public and private.
To ultimately contribute to increased revenues for all taxing entities.
DocuSign Envelope ID: 436CE93B-DEAF-4818-94FB-64CF1C41386B