City Council Minutes 2006 08 15 - Laserfiche WebLink

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City Council Meeting Minutes August15,2006 Page 4 of 13 purpose, conditions of blight, relationship to the comprehensive plan, objectives, implementation approach and financing approach. These elements are supplemented by the overlay plans, zoning, design standards, etc. The urban renewal plan before the City Council did not include any proposed changes to existing zoning, development standards, density, design guidelines or other land use plans or regulations. Rather, the proposed urban renewal plan provides that it will follow and seek to implement the Comprehensive Plan and other land use plans and regulations as are developed and adopted by Planning Commission and City Council from time to time. The area included in the Urban Renewal Plan is located in central Louisville, including downtown Louisville, areas east of downtown, and the area west of Highway 42 between approximately South Boulder Road and Elm Street. The Commission began with consideration of a plan area generally limited to the Highway 42 subarea plan area but requested study of conditions within additional areas adjacent to South Boulder Road. The Study also revealed adverse conditions in these areas, and these areas are included in the Plan area. The Commission's discussions have been that these areas are also in need of redevelopment and other project activities, and the boundaries of the Urban Renewal Area have been drawn narrowly as feasible with respect to all areas studied, in order to accomplish the planning and development objectives of the Urban Renewal Plan. The Urban Renewal Law requires that the plan be submitted to the Planning Commission for the purpose of making a recommendation to City Council as to whether the urban renewal plan is in conformance with the Comprehensive Plan. The Planning Commission conducted a public hearing on July 13 and forwards a 5 to 1 recommendation as to conformity with the Comprehensive Plan. Anne Ricker, Leland Consulting Group, explained the purpose of the plan is to eliminate blight conditions, advance the policies of the comprehensive plan, promote local objectives, and stimulate growth. She outlined the survey area description, the current land uses, and the survey area facts and reviewed the legislative description of blight. She explained the process for community involvement and noted the Urban Renewal Plan is consistent to the City's Comprehensive Plan. She reviewed the development and design objectives, the Highway 42 Impact report, and the development timing. She explained Tax Increment Financing (TIF), how those funds are used and noted the community can benefit from urban renewal. She summarized the development impact over a 25 year period and the benefit for the City of Louisville and for Boulder County. PUBLIC COMMENT