Revitalization Commission Agenda and Packet 2015 08 10

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City„ Louisville COLORADO • SINCE 1878 LOUISVILLE REVITALIZATION COMMISSION SUBJECT: DATE: 550 S. MCCASLIN URBAN RENEWAL PLAN UPDATE AUGUST 10, 2015 PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT ACTIONS TO DATE: A public meeting was held on July 6, 2015 to summarize the Urban Renewal Plan and answer any questions for businesses and residents. Approximately 40 people attended. Staff gave a presentation of the Urban Renewal Plan and the reasons for it. Most of the questions related to what uses are currently allowed on the property, what uses would be allowed on the property, and the processes required to change the use of the property. One step in the adoption of an Urban Renewal Plan is that the proposed plan must be submitted the City's Planning Commission for its review and recommendation as to its conformity to the City's Comprehensive Plan. Planning Commission reviewed the Plan at its July 9, 2015 and approved its Resolution 23, Series 2015 finding the Urban Renewal Plan to be in conformity to the Comprehensive Plan. In accordance with State of Colorado Statutes, the Urban Renewal Plan has also been sent to the Boulder County Commissioners and Boulder Valley School District, notices mailed to the property owners and businesses within the Plan area, and published in the Boulder Daily Camera on July 14, 2015. City Council will open the public hearing on the Urban Renewal Plan at their August 18, 2015 meeting. URBAN RENEWAL PLAN: The proposed Urban Renewal Plan is general in nature and supported by a conditions survey prepared in July 2014. Elements of the Plan include descriptions of the area, qualifying conditions of blight, redevelopment actions, and project financing. If approved, the LRC, as an urban renewal authority whose members are approved by City Council, will implement Urban Renewal Plan. Some specifics of this Urban Renewal Plan include the following: 1) Section 2.1, Qualifying Conditions — The Plan reiterates the 4 blighting factors found and adopted in City Council Resolution 60, Series 2014. Those factors have been described above. The property owner and tenants of 550 S. McCaslin have consented to the determination of blight on the property and to inclusion of the property in an urban renewal area and plan. LOUISVILLE REVITALIZATION COMMISSION 2