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SUBJECT: 550 SOUTH MCCASLIN BLVD. URBAN RENEWAL PLAN <br />DATE: SEPTEMBER 1, 2015 <br />PAGE 9 OF 13 <br />9) Section 5.1, Tax Increment Financing — This Plan does not authorize use of tax <br />increment financing pursuant to Section 31 -25- 107(9), C.R.S. The use of tax <br />increment financing within the Plan Area can only be authorized by amendment <br />to this Plan. <br />The Urban Renewal Plan does not include any proposed changes to existing zoning, <br />development standards or review procedures, density, design guidelines or other land <br />use plans or regulations. Rather, the proposed Urban Renewal Plan provides that it will <br />follow and seek to implement the Comprehensive Plan and small area plans developed <br />and adopted by Planning Commission and City Council. <br />The current zoning for 550 S. McCaslin Blvd. is PCZD — Commercial /Residential under <br />the Centennial Valley Zoning. The Commercial component to the zoning applies to this <br />property. The uses outlined in City Code for PCZD - Commercial are: <br />1. Any retail trade or service business; <br />2. Professional, business and administrative offices; <br />3. Motels and hotels; <br />4. Cultural facilities, such as museums, theaters, art galleries and churches; <br />5. Pedestrian plazas and pedestrian ways, including such amenities as outdoor <br />art exhibit facilities, statuary, fountains and landscaping features; <br />6. Outdoor specialty uses, including sidewalk cafes and outdoor marketplaces to <br />provide unique congregating places for sales and shopper interests; <br />7. Recreational facilities, both indoors and outdoors, such as ice skating and <br />roller skating rinks which may be designed as integral parts of a center; <br />8. Restaurants, both indoor and drive -in types, food -to -go facilities, sidewalk <br />cafes; <br />9. Hospitals and medical clinics; <br />10.Transportation terminals, parking lots and parking buildings; <br />11. Animal hospitals and clinics; <br />12. Automobile service stations, subject to prescribed performance and <br />development standards; <br />13. Nursing and rest homes; <br />14. Small and large child care centers; <br />15. Financial offices, including banks and savings and loans; <br />16.Accessory structures and uses necessary and customarily incidental to the <br />uses listed in this section; <br />17. Governmental and public facilities; <br />18. Research /office and corporate uses, and facilities for the manufacturing, <br />fabrication, processing, or assembly of scientific or technical products, or other <br />COUNCIL COMMUNICATION <br />57 <br />