Revitalization Commission Agenda and Packet 2024 07 17

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SUBJECT: LRC PROJECT FUNDING DATE: J U LY 17, 2024 PAGE4OF9 As outlined on page 19 of the plan, the development objectives include the establishment of a variety of uses that will allow projects to respond to changing market conditions. Proposed land sues within the area include commercial, office, residential, commuter, public and parking. Design objectives for the area also promote flexibility, adaptability to a range of uses and project types and consistency with marketing conditions. Other objectives include a) Eliminate and prevent blight b) Improve relationship between this area and surrounding areas (neighborhoods, downtown, open space) c) Increase property values d) Provide uses supportive of and complementary to planned improvements (transit) e) Encourage a mix of uses and/or mixed -use projects f) Promote a variety of products to address multiple income segments g) Provide ease of vehicular and pedestrian circulation and improve connections h) Encourage continued presence of businesses consistent with the plan vision i) Provide a range of financing mechanisms for private property re -investment and investment j) Mitigate impacts from future transportation improvements k) Encourage public -private partnerships to implement the plan I) Adjust parking ratios to reflect future densities m) Encourage shared parking among projects in area n) Develop higher design standards including flexible lighting and signage standards o) Landscape streetscapes to unify uses and plan components Blight can have a lot of meaning and appear in many contexts. Blight generally means something that is detrimental and can cause ruin, destruction and impairment. The State of Colorado identifies blight with the following conditions a) Slum, deteriorated, or deteriorating structures; b) Predominance of defective or inadequate street layout; c) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness; d) Unsanitary or unsafe conditions; e) Deterioration of site or other improvements; f) Unusual topography or inadequate public improvements or utilities; g) Defective or unusual conditions of title rendering the title non -marketable; h) The existence of conditions that endanger life or property by fire or other causes; i) Buildings that are unsafe or unhealthy for persons to live or work in because of building code violations, dilapidation, deterioration, defective design, physical construction, or faulty or inadequate facilities; j) Environmental contamination of buildings or property; COMMISSION COMMUNICATION