HomeMy WebLinkAbout2008-067-07/15/2008-AUTHORIZING AND DIRECTING STAFF TO PREPARE AN URBAN RENEWAL PLAN AND EXISTING CONDITIONS SURVEY FOR RESOLUTION 2008-067
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING AND DIRECTING STAFF TO PREPARE
AN URBAN RENEWAL PLAN AND EXISTING CONDITIONS SURVEY FOR THE
PROSPECT SOUTH AREA
WHEREAS, in 1982,the City Council created an Urban Renewal Authority(URA) for the
purpose of eliminating blight in the community,and the City Council designated itself as the Board
of Commissioners of the Urban Renewal Authority; and
WHEREAS, an Urban Renewal Authority exercises its statutory powers by planning and
carrying out urban renewal plans in the geographic area of the URA; and
WHEREAS, the area along College Avenue from Prospect Road continuing south to
approximately Spring Park Drive(the"Prospect South Area")has been identified by the staff as an
area that may be experiencing conditions of blight as that term is described and defined under the
Colorado Urban Renewal law; and
WHEREAS, the purpose of exploring the possibility of establishing a URA plan for the
Prospect South Area is to enable the offering of tax increment financing as a tool to stimulate and
leverage both public and private sector development for the purpose of eliminating and preventing
the spread of blight in the area; and
WHEREAS,it is in the best interest ofthe residents and businesses within the Prospect South
Area and the City generally that this area become more economically viable and,in order for this to
occur, a comprehensive approach to revitalization may be necessary; and
WHEREAS,the Council has determined that it is in the best interest of the City to recognize
that this area may need to become an urban renewal project area and that an urban renewal plan for
the area, including the statutorily required blight study, should be prepared.
NOW, THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that City staff is hereby directed to prepare an urban renewal plan and existing conditions
study for the Prospect South Area,which area is more particularly described on Exhibit"A"attached
hereto and incorporated herein by this reference,and to present the same to the City Council,acting
as the Board of Commissioners of the Urban Renewal Authority, for further consideration and
potential action.
Passed and adopted at a regular meeting of the Co it of the City of Fort Collins this 15th
day of July A.D. 2008.
Mayor '
ATTEST-
"il�k .Vu
City Clerk
EXHIBIT "A"
DESCRIPTION OF THE PROSPECT SOUTH URBAN RENEWAL AREA
The Prospect South Urban Renewal Area is located in Sections 23 and
29 of Township 7 North Range 69 West of the Sixth Principal
Meridian, City of Fort Collins, Larimer County, Colorado, being
more particularly described as follows;
Commencing at the intersection of the easterly extension of the
southerly Right of Way of West Prospect Road with the east line of
the Northeast Quarter of the said Section 23, the said intersection
is also the TRUE POINT OF BEGINNING OF THIS DESCRIPTION;
THENCE westerly along the said extended line and along the
said southerly Right of Way of West Prospect Road, and its westerly
extensions, to the easterly Right of Way of Tamasag Drive;
THENCE southerly along the said easterly Right of Way of
Tamasag Drive to the southerly line of Lot 10 of the Plat of
Griffin Plaza;
Thence easterly along the said southerly line of Lot 10, to
the westerly Right of Way of the Burlington Northern Railroad;
THENCE southerly along the said westerly Right of Way of the
Burlington Northern Railroad to a point that is perpendicular with
the said westerly Right of Way to the angle point in the westerly
line of Lot 17 of Spring court Subdivision;
Thence easterly along the said perpendicular line to the
easterly Right of Way of the said Burlington Northern Railroad, and
the said angle point in the westerly line of Lot 17;
THENCE leaving the said Railroad Right of Way, and proceeding
southerly along the said westerly line of Lot 17, to the southerly
line of the said Lot 17 and to the southerly line of the said Plat
of Spring Court Subdivision;
THENCE easterly along the said southerly line of the Plat of
Spring Court Subdivision and its easterly extension, to the
easterly Right of Way of South College Avenue;
THENCE northerly along the said easterly Right of Way of South
College Avenue, and its northerly extensions, to the centerline of
Parker Street;
THENCE easterly along the said centerline of Parker Street to
the southerly extension of the easterly Right of Way of the north-
south alley connecting East Prospect Road and Parker Street lying
between South College Avene and Remington Street;
THENCE northerly along the said easterly alley Right of Way to
the southerly Right of Way of East Prospect Road;
THENCE westerly along the said southerly Right of Way, and its
westerly extension to the said east line of the Northeast Quarter
of the said Section 23
THENCE along the said east line to the Point of Beginning.