Title
An Ordinance Creating a New Section 1211 (Temporary Exemption From Park Land Dedication and Fees) of Part 12 (Park and School Site Dedications) of Article 7 (Subdivision Regulations) of Chapter 7 (Planning, Development and Building) of the Code of the City of Colorado Springs 2001, as Amended, Pertaining to a Park Site Fee Waiver Within the Imagine Downtown Master Plan Area.
Body
From:
Steve Cox, Chief of Staff
Bret Waters, Deputy Chief of Staff
Bob Cope, CFC Project Manager, Economic Vitality
Summary:
The Imagine Downtown Master Plan (2009), the Urban Land Institute Report (2012) and several other community based studies and reports have identified and prioritized the need to encourage residential development in downtown Colorado Springs. Significant barriers exist to downtown residential development including the high cost of land, construction, parking and inadequate infrastructure.
In an effort to implement the recommendations contained in The Imagine Downtown Master Plan, the Urban Land Institute Report and other community based studies and reports, and to incentivize and encourage private sector investment in new downtown multifamily residential development, the Executive Branch is proposing a temporary exemption from Park and School Fees for downtown multifamily residential construction, in addition to the temporary waiver of certain other land use and engineering review fees.
Previous Council Action:
N/A
Background:
The Imagine Downtown Master Plan (2009), the Urban Land Institute Report (2012), Dream City: Vision 2020 and other community based studies and reports have identified and prioritized the need to encourage residential development in downtown Colorado Springs. Each of these studies recognized the importance of new investment in downtown residential construction as a key element in revitalizing our City's core.
Significant barriers exist to downtown residential development includ...
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