asked to consider is does the development meet the intent of the
form-based code and the answer is yes. Board Member Kronstadt said it
is unfortunate that in the City there are only two options when it comes to
development downtown and those are developments with significant public
financing and pretty minimal public benefits or no development at all.
Board member Kronstadt said the benefits for the community is a parking
garage, however that was stated about the Wiener Apartments as part of
their application for Urban Renewal and now that the building is
constructed, there is nothing that indicates that it is a public parking
garage. Board member Kronstadt said affordable housing in context of this
project are 40 studio units that are 390 square feet and rent for over $1700
a month and said he is not convinced that they could get much more than
$1700 a month for 390 square foot unit downtown. He said the Urban
Renewal website says any residential development of at least 10 units
within the Urban Renewal zone will be required to include at least 10% of
the units as affordable housing unless otherwise negotiated with the
approval of the Colorado Springs Urban Renewal Authority.
member Kronstadt said the affordable housing that is being promised
does not meet the authorities definition of affordable housing. Board
Board
member Kronstadt said he is the President of the Mill Street Neighborhood
Association, and they have been working to win meaningful community
benefits through development. He said it is unfortunate as a City that they
do not use the levers such as Urban Renewal and Land Use Review to win
meaningful benefits from developers who are ultimately going to make a lot
of money providing luxury amenities to people who can afford and not to
people that cannot.
Jeriah Walker, Executive Director of the Colorado Springs Urban Renewal
Authority said the key metric in the statement is otherwise negotiated. Mr.
Walker said when they look at any property, site or plan, they are not all the
same and the biggest challenge is the cost of the land. He said they built in
as much affordability into the project as possible and initially the plan did
not have the obtainable housing piece on it. He said they have a standard
of they would like to be met, but ultimately it depends on the board's vote of
moving forward with that project. Mr. Walker said since House Bill 1348,
the Urban Renewal law has changed dramatically and is no longer what the
Urban Renewal Authority Board chooses on the project. He said they have
to go to every single taxing entity through a very robust public process to
get their buy-in on these projects.
Board member Kronstadt asked if there has ever been an Urban
Residential Development within an Urban Renewal Authority zone district
that has provided 10% of units 80% AMI or below. Mr. Walker said yes, but
it is getting ready to break down, it is Panorama Heights near Fountain and
Academy, and they are working on another attainable project in the Nevada