Commissioner Cecil asked Mr. Tefertiller for a breakdown of how many
units will be provided at each level of affordability and how long it is
intended to be affordable. Mr. Tefertiller read information provided by
the developer. “The project will provide long-term quality, low income
and workforce housing for downtown Colorado Springs. There will be
380 units between 70% and 110% AMI level with an average under 90%
AMI. Phase one of Sumner house, which is just outside this district, is
already open with 95 units serving 30-60% AMI. The project is designed
for affordable, accessible housing, going above and beyond the
minimum design building code for seniors and people with disabilities.
100% of the project will be either ADA accessible or ADA compliant,
featuring 100% universal design for multi-family, one of the first in the
state.” Mr. Walker added the term is 30 years and the life of the URA is
25 years.
Commissioner Cecil asked why re-authorizing something in the same
footprint is necessary, what was learned from the first district and what
were the hardships that kept the development from happening under the
first URA. Mr. Walker said while he was not here during that time but
thinks the land was underutilized. He says the developer has a passion
for building this type of product. There is phase one through the
housing authority that has the lower-level AMI. Mr. Walker said there
were financial issues that were not completed and a failed metro district
that resulted in the area not being developed. Commissioner Cecil
asked if it was common to do two URA’s in the same footprint. Mr.
Walker said it depends, City Gate, Goldhill Mesa Commercial,
Southwest Downtown are all URA’s. Mr. Tefertiller added the value of
URA designation decreases as you get further into the 25 years. In the
late 1980s when the Lowell area was established as a URA, the tool
carried weight through the late 1980s and early 1990s. Different
preferences for housing from the communities and residents and there
may have been more risks in developing the last pieces and less value
in the TIF. As districts age, they have less value, and clocks will be
reset so that development can be finished out.
Commissioner Casey said he reviewed the plans and visited the sites,
then said the conditions listed in the survey are vastly overstated.
Commissioner Casey said the roads are bad but seem to match the rest
of Colorado Springs and he did not see evidence of illegal dumping in
sites in parcels one, two and three. He said there are homeless camps
and dumping along the railroad tracks in parcel five. The conditions
survey used evidence of high crime in the 80903 area compared to the