Executive Director, introduced the Resolutions making certain legislative
findings and approving the Odyssey at North Weber Urban Renewal Plan
and approving a Cooperation Agreement between the CSURA and the
City to promote redevelopment and assist with financing of public
improvements for the Odyssey at North Weber Urban Renewal project.
Drew Geiser, Blue Truck Capital, representing the applicant, provided an
overview of the project, housing needs, unit mix, attainability, location,
supply, demand, Renew North Nevada Master Plan, public improvements,
eligibility, financials, viability, and development team.
Councilmember Donelson asked why the project indicates a lower and
larger portion. Mr. Geiser stated it is because there are two separate
parcels.
President Pro Tem Crow-Iverson and Councilmember Henjum expressed
support of the project.
Sarah Dunmire, Economic and Planning Systems, Inc., representing the
applicant, identified the study area, project vision, Odyssey at North Weber
URA Plan objectives, URA Plan conformance, development program,
eligible improvements, Odyssey at North Weber construction costs, static
performance, time series, property tax increment, Tax Increment Financing
(TIF), and City property tax impact.
Councilmember Donelson asked if the development has already been
approved. Mr. Walker confirmed the Development Plan has already been
approved administratively by the Planning Department.
Councilmember Donelson asked what the feedback from the
neighborhood was. Mr. Geiser stated he does not believe there was any
public input from the postcards which were sent out.
Councilmember Donelson asked if traffic will be impacted. Mr. Geiser
stated the cul-de-sac will slow traffic in the area. Mr. Walker stated he
believes the project will improve safety in the area.
Councilmember Henjum asked what the response was from the
neighborhood meeting. Mr. Walker stated residents were in support of the
development in the area.
7.B.
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 Odyssey at North Weber Urban Renewal project
pursuant to Colorado Revised Statute Section 31-25-107(9)(a)(II)
Related File: 26-023