Loading...
HomeMy WebLinkAboutNORTH COLLEGE MARKETPLACE, SECOND FILING - PDP - 43-08 - AGENDA - CORRESPONDENCE-HEARING• The Board was interested in keeping the financial agreement focused on the costs for public improvements. The Board wants the costs in the financial agreement to be as firm as possible to minimize the actual costs from being too much or too little of projected costs. • The Board asked for more information regarding costs that are "normally associated" with development of the property versus the "extra -ordinary" costs of the development. • The Board wanted to see the financing costs included in the calculation of overall costs of the URA participation. • The Board noted that several questions were raised during the pre -application hearing that they expect would be answered prior to a decision on a financial agreement, such as: o Displacement and Relocation --asked for information as to what other resources can be offered/provided to help relocate tenants/owners who will be displaced as a result of the development. o Wetlands --make sure when the information comes back that all the numbers are accurate; and investigate a greater than 1:1 ratio to mitigate displacement of wetlands. Tax revenue —provide information of what happens to the tax increment if the development is completed, is open for business for a year and then, for whatever reason, goes out of business/closes. • The Board expressed interest in having information prepared comparing what other URAs in the Front Range use as a benchmark for the amount (%) of tax increment provided for individual projects. • The Board is ready to consider a financial agreement. '��J/ Advance Planning City,O f 287 North College Avenue POBox F6rt Collins Fort Collins, CO 80522 21.63 970.224.6111 970.224.611 t -fax /"NZ' Icgov. com/advanceplanning Memorandum DT: August 13, 2008 TO: URA Board of Commissioners i TH: Darin Atteberry, City Manager V Diane Jones, Deputy City Manager Jeff Scheick, Planning, Development & T ortation Director Joe Frank, Advance Planning Director �- FM: Christina Vincent, City Planner L°(% / v RE: August 12, 2008 North College Marketplace — URA Work Session Summary Board Members Present: Doug Hutchinson, President Kelly Ohlson David Roy Ben Manvel Wade Troxell Work Session Participants: Darin Attebeiry, URA Executive Director, City Manager Jeff Scheick, PDT Director Joe Frank, Advance Planning Director, URA Program Manager Mike Freeman, Chief Financial Officer Chuck Seest, Finance Director Christina Vincent, URA City Planner Direction Sought/Questions to be Answered: 1. Is there any additional information that is needed prior to or along with agenda materials that would be presented at the time a Resolution is considered by the Board? 2. Based upon the information presented and discussed, is the URA Board ready to consider a Resolution authorizing a T1F Financial Agreement? Council's Direction: Doug Hutchinson, President Kelly Ohlson, Vice -President Ben Manvel City Council Chambers City Hall West Lisa Poppaw 300 LaPorte Avenue Diggs Brown Fort Collins, Colorado Wade Troxell at the conclusion of the Regular Council meeting David Roy Cablecast on City Cable Channel 14 on the Comcast cable system 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 (TDD 224-6001) for assistance. MEETING AGENDA September 16, 2008 Call Meeting to Order. Roll Call. Resolution No 011 Approving an Agreement Between the Fort Collins Urban Renewal Authority and 1908 North College LLC to Provide Financial Assistance for the North College Marketplace. (20 minute staff presentation - 1 hour discussion) Loveland Commercial, LLC ("Project Applicant') is proposing to build a large retail site anchored by a 123,000 square foot King Soopers that utilizes a new retail concept based upon offering general merchandise (clothing, electronics, etc.) in addition to the traditional grocery product. This store would be the new "marketplace" concept for King Soopers on the Front Range. In addition to the large King Soopers, there will be multiple pad sites for banks, restaurants, retail, fast food, and a gas pad increasing the project retail square footage to 175,000. Due to extraordinary project site constraints as well as generating a reasonable return on investment, the project applicant has requested URA participation on public improvements totaling $8 million. Staff s opinion is that this project will serve as a "catalyst' project stimulating additional retail and commercial opportunities in the North College Urban Renewal Plan Area. For this reason, staff believes the described financial support for this project is worthy of URA Board approval. PAGE 9 to a wide variety of legislation affecting cities and towns. At each annual conference in June, the Policy Committee proposes to the membership, revisions to the League's policies which guide League positions on public policy issues affecting municipalities. The Committee meets three or four times a year, before and during legislative sessions as well as in May prior to the annual conference. This Resolution appoints Councilmember and City Manager Darin Atteberry to represent the City of Fort Collins on the Colorado Municipal League Policy Committee. 26. Pulled Consent Items. 27. Other Business. 28. Adjournment. Every Council meeting will end no later than 10:30 p.m., except that: (1) any item of business commenced before 10:30 p.m. may be concluded before the meeting is adjourned and (2) the City Council may, by majority vote, extend a meeting until no later than 12:00 a.m. for the purpose of considering additional items of business. Any matter which has been commenced and is still pending at the conclusion of the Council meeting, and all matters scheduled for consideration at the meeting which have not yet been considered by the Council, will be continued to the next regular Council meeting and will be placed first on the discussion agenda for such meeting. 0 r. PAGE 2 3. CITIZEN PARTICIPATION (limited to 30 minutes) Individuals who wish to make comments regarding items scheduled on the Consent Calendar or wish to address the Council on items not specifically scheduled on the agenda must first be recognized by the Mayor or Mayor Pro Tem. 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 5 minutes. If there are more than 6 individuals who wish to speak, the Mayor may reduce the time allowed for each individual. • State your name and address for the record • Applause, outbursts or other demonstrations by the audience is not allowed • Keep comments brief; if available, provide a written copy of statement to City Clerk 4. CITIZEN PARTICIPATION FOLLOW-UP: This is an opportunity for the Mayor or Councilmembers to follow-up on issues raised during Citizen Participation. 5. AGENDA REVIEW: CITY MANAGER The Consent Calendar consists of Items 6 through 18. This Calendar is intended to allow the City Council to spend its time and energy on the important items on a lengthy agenda. Staff recommends approval of the Consent Calendar. Anyone may request an item on this calendar to be "pulled" off the Consent Calendar and considered separately. Agenda items pulled from the Consent Calendar will be considered separately under Item No. 26, Pulled Consent Items. The Consent Calendar consists of: • Ordinances on First Reading that are routine; • Ordinances on Second Reading that are routine; • Those of no perceived controversy; • Routine administrative actions. 6. Consideration and Approval of the Minutes of the August 19, 2008 Regular Meeting. 7. Postponement of Second Reading of Ordinance No. 064 2008, Amending Sections 23-83 and 24-2 of the City Code Pertaining to Awnings and Canopies over Sidewalks Indefinitely. On June 3, 2008, Council considered a Code amendment to allow for different awning overhang treatments in the downtown area. This action was precipitated by a request from a downtown restaurateur. Council adopted Ordinance No. 064, 2008 unanimously on First Reading, but expressed several concerns in terms of design considerations, use of materials, signage, and historical accuracy. Council directed staff to engage the planning and historical preservation staff to discuss these concerns prior to Second Reading. Engineering staff postponed Second Reading until the September 16, 2008, in order to meet with appropriate staff. i Doug Hutchinson, Mayor City Council Chambers Kelly Ohlson, District 5, Mayor Pro Tern City Hall West Ben Manvel, District 1 300 LaPorte Avenue Lisa Poppaw, District 2 Diggs Brown, District 3 Wade Troxell, District 4 David Roy, District 6 Fort Collins, Colorado Cablecast on City Cable Channel 14 on the Comcast cable system 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 (TDD 224-6001) for assistance. REGULAR MEETING September 16, 2008 A. Proclamation Declaring the week of September 15-19, 2008 as Constitution Week. B. Proclamation Declaring September 20, 2008 as Cache la Poudre Chapter of the Daughters of the American Revolution Day. C. Proclamation Declaring October 3, 2008 as Science Day. PLEDGE OF ALLEGIANCE CALL MEETING TO ORDER. 2. ROLL CALL.