Title
A Resolution approving a cooperation agreement between the Colorado Springs Urban Renewal Authority and the City of Colorado Springs to promote redevelopment and assist with financing of public improvements for the Moreno and Cascade Urban Renewal project and to approve the amount of annual sales tax increment revenue allocated pursuant to Colorado Revised Statute Section 31-25-107(9)(a)(II)
Related File: 26-036
Presenter:
Jariah Walker, Executive Director, Colorado Springs Urban Renewal Authority
Body
Summary:
There are two items proposed for Council review and action:
1. A resolution to establish the Moreno and Cascade Urban Renewal Plan. The plan area comprises six parcels totaling approximately 1.69 acres adjacent to the right-of-way (ROW).
2. A tax sharing agreement between the City and the Colorado Springs Urban Renewal Authority for funding qualifying public improvements built by the project.
The boundaries of the Plan Area to which this Plan applies include the northwest corner of Moreno Avenue and Cascade Avenue, the residential properties at the southeast corner of Moreno Avenue and Sahwatch Street, and the adjacent ROW.
Background:
Please see the attached Planning Commission staff report, conditions survey, and the urban renewal plan for background information related to urban renewal and project details.
Previous Council Action:
These items are being introduced to Council January 26, 2026, City Council Work Session.
Financial Implications:
City staff and the project team will present the project details, plan, and impacts at the City Council Work Session. As background information, please refer to the attached materials.
City Council Appointed Board/Commission/Committee Recommendation:
Pursuant to the CRS ? 31-25-107, the Moreno and Cascade Urban Renewal Plan was reviewed by the Planning Commission on December 10, 2025. The Planning Commission found that the Moreno and Cascade Urban Renewal Plan is consistent with the...
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