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11: City,/ <br />im Louisville <br />COLORADO • SINCE 1878 <br />REVITALIZATION COMMISSION <br />SUBJECT: <br />DATE: <br />URBAN RENEWAL "101" DISCUSSION <br />APRIL 8, 2019 <br />PRESENTED BY: AARON M. DEJONG, ECONOMIC DEVELOPMENT <br />SUMMARY: <br />The Louisville Revitalization Commission (LRC) has requested a "TIF 101" topic for their <br />April meeting. <br />BACKGROUND: <br />The following is a brief description of the various topics we will discuss at the meeting. <br />Urban Renewal Statute <br />Urban Renewal Authorities are governed under Colorado Urban Renewal Law (C.R.S. <br />31-25-101). The statute outlines the formation, powers, plan approval process, <br />financing options, coordination with other governing bodies, and other topics related to <br />Urban Renewal Authorities (which the LRC is the City's designated Urban Renewal <br />Authority). The overarching purpose of the Urban Renewal law is to remediate and <br />prevent the spread of slum and blighted areas within Colorado municipalities. <br />Determining Blight <br />A step in the Urban Renewal Area approval process is the determination whether <br />blighting factors exist in the Area. A conditions survey is conducted to analyze the Area <br />related to each of the 11 blighting factors outlined in the Urban Renewal Statute. Those <br />blighting factors include: <br />(a) Slum, deteriorated, or deteriorating structures; <br />(b) Predominance of defective or inadequate street layout; <br />(c) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness; <br />(d) Unsanitary or unsafe conditions; <br />(e) Deterioration of site or other improvements; <br />(f) Unusual topography or inadequate public improvements or utilities; <br />(g) Defective or unusual conditions of title rendering the title nonmarketable; <br />(h) The existence of conditions that endanger life or property by fire or other <br />causes; <br />(i) Buildings that are unsafe or unhealthy for persons to live or work in because <br />of building code violations, dilapidation, deterioration, defective design, physical <br />construction, or faulty or inadequate facilities; <br />(j) Environmental contamination of buildings or property; <br />LOUISVILLE REVITALIZATION COMMISSION <br />