Loading...
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.