Title
A resolution making certain legislative findings and approving the Almagre Urban Renewal Plan.
Related Files: 21-574
Presenter:
Jariah Walker, CSURA Executive Director
Body
Summary:
There are two items proposed for Council review and action:
1. A resolution to establish the Almagre Urban Renewal Area and Plan. The area consists of 2 lots at the corner of Zebulan and Verde (in S/E Colorado Springs) and consists of approximately 3.3 acres. The proposed project consists of 137 affordable housing units, including a community room and onsite garage parking; and,
2. A tax sharing agreement between the City and the Colorado Springs and Urban Renewal Authority for funding qualifying public improvements built by the project.
The Council must first vote on the Almagre Urban Renewal Area and Plan. If it is approved, the Council may then consider the tax sharing agreement. If the Plan is not approved or final action postponed, then the tax sharing agreement must be either withdrawn or postponed.
Previous Council Action:
There has been no previous City Council action on these properties related to formation of an urban renewal area.
These items are being introduced to Council at the November 8, 2021 City Council Work Session.
Background:
Please see that attached Planning Commission Staff report, conditions survey and the urban renewal plan for background information related to urban renewal and project details.
Financial Implications:
City staff and project team will present the details on the project, plan and impacts at the City Council Work Session. As background information, please refer to the attached materials.
Board/Commission Recommendation:
Pursuant the CRS ? 31-25-107, the Almagre Urban Renewal Plan was reviewed by the Planning Commission on August 19, 2021. The Planning Commission found that the Almagre Urban Renewal Plan is consistent with the City's Comprehensive Plan.
The Colorado Springs Urban Renewal Auth...
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