City Council Agenda and Packet 2015 09 01

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SUBJECT: 550 SOUTH MCCASLIN BLVD. URBAN RENEWAL PLAN DATE: SEPTEMBER 1, 2015 PAGE 7 OF 13 A public meeting was held on July 6, 2015 to summarize the Urban Renewal Plan and answer questions from 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 from the audience 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. The 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. DISCUSSION: The blighting factors identified on the property continue to limit potential for redevelopment or re- tenanting the building. Staff has developed the attached Urban Renewal Plan to provide tools to address the blighting factors on the property. The Urban Renewal Plan Boundary map is included in the attached Urban Renewal Plan as Figure 1. The boundaries of the Urban Renewal Area are the property lines for 550 South McCaslin Boulevard, the vacant Sam's Club property. Per state law, an urban renewal plan is subject to City Council approval and must be in place for the Louisville Revitalization Commission to undertake any projects. Proposed 550 S. McCaslin Urban Renewal Plan The proposed Urban Renewal Plan is general in nature and supported by a conditions survey prepared in July 2014 (included as an attachment). 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: COUNCIL COMMUNICATION 55