HomeMy WebLinkAbout03/03/2009AGENDA
WHEAT RIDGE URBAN RENEWAL AUTHORITY
March 3, 2009
Notice is hereby given of a Public Meeting to be held before the City of Wheat Ridge Urban
Renewal Authority on Tuesday, March 3, 2009 at 6:00 p.m., in the City Council Chambers of the
Municipal Building at 7500 West 29th Avenue, Wheat Ridge, Colorado.
Individuals with disabilities are encouraged to participate in all public meetings sponsored by the City of Wheat
Ridge. Call Heather Geyer, Public Information Officer at 303-235-2826 at least one week in advance of a
meeting if you are interested in participating and need inclusion assistance.
1. Call the Meeting to Order
2. Roll Call of Members - Introduction of new member
3. Approval of Minutes - February 3, 2009
4. Public Forum (This is the time for any person to speak on any subject not appearing on the
agenda. Public comments may be limited to 3 minutes.)
5. Old Business
6. New Business
a. Kipling and I-70 Corridor Conditions Study - Matrix Design and Leland
Consulting
b. URA Strategic Planning - Leland Consulting (no packet item)
c. Resolution 02-2009, Approving an amendment to the 2008 Budget
d. 38th Avenue Corridor Redevelopment Plan TIF
7. Other Matters
8. Adjournment
MINUTES
WHEAT RIDGE URBAN RENEWAL AUTHORITY
February 3, 2009
1. CALL THE MEETING TO ORDER
The meeting of the Wheat Ridge Urban Renewal Authority was called to order by
Vice Chair Pettit at 6:00 p.m. in the council chambers of the Municipal Building,
7500 West 29th Avenue, Wheat Ridge, Colorado.
2. ROLL CALL OF MEMBERS
Authority Members Present: James Bahrenburg
Janet Leo
Walt Pettit
Tom Radigan
Larry Schulz
Authority Members Absent: Rick Adams
Also attending: Patrick Goff, Deputy City Manager
Jeff Parker, WRURA Attorney
Xue Zhong,; Panda Restaurant
Ann Lazzeri, Recording Secretary
3. APPROVAL OF MINUTES - December 16, 2008
It was moved by Larry Schulz and seconded by James Bahrenburg to approve the
minutes of December 16, 2008 as presented. The motion passed 4-0 with Walt
Pettit abstaining.
4. PUBLIC FORUM (This is the time for any person to speak on any subject not
appearing on the agenda.)
XueXue Zhong - Ms. Zhong stated that she leases and operates the Panda King
Restaurant in the 44th and Wadsworth area, and asked for an update on
redevelopment plans for the area.
Patrick Goff stated that there has only been one response to requests for a
developer for this area. WRURA decided not to move forward with that
respondent and to wait a few months to see what happens with the economy
before soliciting additional proposals from developers. He also commented that a
development group has expressed interest in the area. If this interest should
progress further, an update will be given at a later WRURA meeting.
WRURA Minutes - 1 - February 3, 2009
5. OLD BUSINESS
A. 3718 Ames Street
• Zonina - Patrick Goff reported that this property is zoned C-1 and
therefore the existing house is a legal nonconforming use. The house
could be used as a single family residence. If the house should be
demolished, it would have to be replaced with a commercial use to
conform to C-1 zoning.
• Real estate comps - Patrick Goff reported that Terrell Williams
informed him that, according to his recollection, comps ranged from
$110,000 to $160,000. He believed that if the building were to be
remodeled, it would be worth around $215,000. Mr. Williams will be
sending the actual comps and Mr. Goff will forward them to the
Authority.
• Replacement of furnace - Mr. Goff obtained three quotes for replacing
the furnace that ranged from $2,400 to $3,400. There are no issues
with asbestos as it is well contained in the pipes and could easily be
removed with no abatement.
B. Update on quiet title action for parcel of property on the southeast
corner of 44th and Wadsworth
Jeff Parker reported that motions will be filed with the court next week for default
judgment against the named defendants.and a motion for a decree quieting title
against alf property owners involved. No one involved has indicated they are
opposed to this action. This action involves a small sliver of land located on the
southeast corner of 440' and Wadsworth.
6. NEW BUSINESS
A. Strategic Planning - Scope of Work
Staff received direction from WRURA at the November 18, 2008 meeting to
include $15,600 in the 2009 WRURA budget for strategic planning purposes.
Options for focus of the strategic plan were discussed in preparation for
developing a final scope of work and solicitation of bids. A list of several options
was included in the meeting packet for discussion.
Based on favorable discussion regarding these options, Mr. Goff will prepare a
formal scope of services to be sent out in solicitation of proposals.
WRURA Minutes -2- February 3, 2009
7. OTHER MATTERS
A. Resolution 01-2009, establishing a designated public place for the
posting of meeting notices as required by the Colorado Open Meetings
Law
Pursuant to legislative amendments to the Colorado Open Meeting Law (Section
24-6-402(2)(c) WRURA is to annually designate at its first meeting for each
calendar year a public place for posting of meeting notices. Resolution 01-2009
identifies the lobby of the Municipal Building as the designated place for posting
of meeting notices.
It was moved by Janet Leo and seconded by James Bahrenberg to adopt
Resolution 01, Series of 2009, a resolution establishing a designated public
place for the posting of meeting notices as required by the Colorado Open
Meetings Law. The motion passed 5-0.
8. ADJOURNMENT
The meeting was adjourned at 6:33 p.m. The next meeting will be March 3, 2009.
Walt Pettit, Vice Chair Ann Lazzeri, Recording Secretary
WRURA Minutes -3- February 3, 2009
Wheat Ridge Urban Renewal Authority
7500 W. 29th Avenue Wheat Ridge, Colorado 80033 303-235-2846 303-235-2857 (Fax)
TO: Urban Renewal Authority Board Members
FROM: Patrick Goff, Executive Director
RE: Kipling and I-70 Corridor Conditions Study
DATE: February 27, 2009
On August 18th, Matrix Design Group, Inc. in association with Leland Consulting Group
was selected from four proposals to conduct a conditions study of the Kipling Street
Corridor in Wheat Ridge. During contract negotiations and scope of services refinement,
staff received direction from the City Manager's Office to extend the scope of services to
include a conditions survey of the I-70 corridor and an urban renewal plan for the future
Cabela's location.
Attached are the original Project Understanding & Approach (attachment 1) and the
amended Scope of Work (attachment 2) provided by Matrix and Leland. Tasks 1 to 4 of
the original approach have been completed. The blight findings and recommended urban
renewal area boundary are being presented to the Urban Renewal Authority for comment.
Attached you will find a Wheat Ridge Consolidated Blight Study map (attachment 3)
identifying the recommended urban renewal area boundary and illustrating blight factors
present by survey block and a matrix (attachment 4) identifying the quantity and type of
blight factors found per survey block.
Task 5 of the Kipling corridor study and Task 9 of the I-70 corridor study (amended
Scope of Work) are the implementation of a public involvement program that would
consist of a combination of public and/or smaller stakeholder meetings at certain stages
of the remainder of the project. Attached is a memorandum from Leland Consulting
outlining stakeholder and public input meetings (attachment 5).
Steps 4 to 9 of the I-70 corridor study (amended Scope of Work) detail the work Leland
Consulting will undertake to complete an urban renewal plan for the Cabela's area. The
attached Market Assessment for the Wheat Ridge Urban Renewal Study Area
(attachment 6) is some of the initial work and is for your information only at this point as
it will not be presented or discussed in detail at the March 3`d meeting.
Next steps include presenting the blight findings and urban renewal plan to the Planning
Commission and the City Council for final approval.
Attachments:
1. Project Understanding & Approach
2. Amended Scope of Work
3. Wheat Ridge Consolidated Blight Study Map
4. Blight Factor Matrix
5. Stakeholder/Public Input Opportunities memorandum, dated February 25, 2009
6. Market Assessment for the Wheat Ridge Urban Renewal Study Area
STATEMENT OF QUALIFICATIONS AND SCOPE OF SERVICES
04 KIPLING CORRIDOR BLIGHT STUDY J
WHEAT RIDGE, COLORADO wheatWdge
PROJECT UNDERSTANDING & APPROACH
The proposed Project Understanding and Approach for the Kipling Corridor Blight Study is as follows:
Task 1: Project Kick-off 1 Base Mapping
The City of Wheat Ridge/Wheat Ridge Urban Renewal Authority ("Client") will work with Matrix Design Group and Leland Consulting Group
(collectively, "Consultant Team") to provide electronic GIS base map files and aerial photography that shows the location of general information
such as streets, parcel boundaries, and other physical and political information that are identified as relevant to the blight study and urban
renewal plan. From these resources, the Consultant Team will prepare additional maps to document the location of properties and areas within
and surrounding the study environs and to reflect, as needed, the conditions, alternatives, and findings related to the blight study and urban
renewal plan phases.
The Consultant Team will work with Client staff to collect additional information related to properties within and adjacent to the study area,
including public facilities, parcelization, utilization of sites, ownership pattems, street layout, traffic, parking configuration, land use, utilities and
infrastructure, and other appropriate data.
Task 2: Blight Study Field Survey and Data Collection
The Consultant Team will conduct a detailed on-site field survey of the study area for the purpose of identifying and documenting conditions that
meet the criteria of "blight" as defined by Colorado law. Colorado Revised Statutes § 31-25-101 identifies eleven blight factors, which are:
1. Slum, deteriorated, or deteriorating structures
2. Predominance of defective or inadequate street layout
3. Faulty lot layout in relation to size, adequacy, accessibility, or usefulness
A 4. Unsanitary or unsafe conditions
5. Deterioration of site or other improvements
6. Unusual topography or inadequate public improvements or utilities
7. Defective or unusual conditions of title rendering the title non-marketable
8. The existence of conditions that endanger life or property by fire or other causes
A 9. 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
10. Environmental contamination of buildings or property
11. The existence of health, safety, or welfare factors requiring high levels of municipal services or substantial physical underutilization or
vacancy of sites, buildings, or other improvements
A The on-site field survey effort will include identifying and documenting conditions of blight associated with seven (Numbers 1- 6 and 11) of the
eleven factors from the above list. Additionally, the Consultant Team will analyze data gathered from Client staff, building managers/owners
and/or real property owners within the study area to determine if conditions of blight associated with the remaining four factors (Numbers 7 -10)
exist within the study area.
Task 3: Blight Findings Analysis and Reporting
0 The Consultant Team will prepare a draft report to document and illustrate the various blight factors present within the survey area. Based on
data collected, the report will respond directly to criteria used to determine "blight" as defined in the Colorado state statutes. The Consultant
Team will deliver thirty (30) printed and bound copies of the draft blight study report for review by the Client and its representatives.
Key questions to be addressed include the extent to which this area constitutes a social or economic liability for the City, i.e. "in its present
condition and use and, by reason of the presence of at least four... factors, substantially impairs or arrests the sound growth of the municipality,
retards the provision of housing accommodations, or constitutes an economic or social liability, and is a menace to the public health, safety,
morals, or welfare." The report will also include documentation of specific blight conditions, blight photos, and other exhibits as necessary.
ATTACHMENT 1
Of
YEA,
STATEMENT OF QUALIFICATIONS AND SCOPE OF SERVICES yy
KIPLING CORRIDOR BLIGHT STUDY J
WHEAT RIDGE, COLORADO WheatPdge
Upon receipt of comments by Client representatives, the Consultant Team will revise the draft report and prepare a final blight study report
document. The final report document will be formatted in a manner suitable for inclusion into an urban renewal plan, if adopted in the future.
One high-quality camera-ready original of the document, as well as electronic version on CD-ROM, will be provided to the Client.
Task 4: Recommended Urban Renewal Area Boundary
Based on the findings of the blight study, the Consultant Team will evaluate potential urban renewal area boundary altematives and provide
a recommendation to the Client of a preferred urban renewal area boundary. The boundary analysis will take into consideration not only the
blight findings but general market, economic, and tax revenue issues as well, given the Consultant Team's expertise in understanding the
complexities of urban renewal areas and how the delineation of an area's boundary can affect the long-term success of an urban renewal areas.
To assist with this analysis, the Consultant Team would create several map overlays to assist in determining an appropriate urban renewal
boundary, and would participate in a workshop with Client staff to review and discuss the urban renewal boundary altematives.
The Consultant Team will provide the Client with a Recommended Urban Renewal Area Map, accompanied by narrative text in report format,
that articulates the justification for the recommended urban renewal area boundary based on blight factors and other considerations.
Optional Tasks:
A public involvement program is often included as part of a blight study project. Providing citizens with knowledge of the blight study, its
objectives, study boundaries, etc. and, ultimately, the blight study findings can be critical in maintaining community support for the urban
renewal planning process. Matrix and Leland have considerable experience in presenting blight study and urban renewal plan issues and
findings before the public and, should the Client determine that some form of public involvement program is desired or necessary, the
Consultant Team will work with the Client to determine the appropriate type and extent of public meetings and refine the budget and schedule
for all public involvement activities as necessary. In addition to a general public meeting, a public involvement program could also include
meetings with smaller stakeholder groups such as members of the Wheat Ridge city government or elected officials, property or business
owners within the study area, prominent citizen leaders, representatives from neighboring or overlapping government jurisdictions, and other
stakeholders as may be appropriate.
Ongoing Project Management Activities:
The MatdxlLeland team believes deeply in effective client communication and delivering a blight study on-time and on-budget. Consequently,
the Consultant Team will:
- Maintain regular telephone or electronic communication with designated Client representatives throughout the duration of the project
- Inform the client immediately of any issues that could potentially impact the project's successful on-time and on-budget completion
- Carefully adhere to local, state, and federal requirements as they may relate to the conducting of a blight study
Project Schedule:
The following chart outlines the proposed three-month schedule for completing the Kipling Corridor Blight Study:
Month 1 Month 2 Month 3
Task 1: Project Kickoff and Base Mapping
Task 2: Field Survey and Data Collection
Task 3: Blight Study Findings
Task 4: Recommended Urban Renewal Area
Revised Scope of Work, Schedule, and Budget - Wheat Ridge Urban Renewal Authority
Matrix Design Group / Leland Consulting Group - September 5, 2008
SCOPE OF WORK:
Part 1: Kipling Corridor Conditions Survey
Task 1: Proiect Kick-off and Base Mapping
Description provided in original proposal
Task 2: Blight Field Survey and Data Collection
Description provided in original proposal
Task 3: Blight Analysis and Reporting
Description provided in original proposal
Task 4: Recommended Urban Renewal Boundary
Description provided in original proposal
Task 5: Public Involvement Activities
The Consultant Team will coordinate with the Client to plan and implement, as
necessary, a Public Involvement program that would consist of a combination of
public and/or smaller stakeholder meetings at certain stages of the project. The fees
for this task will be billed on a Time and Materials basis with a stated Not-To-Exceed
amount.
Part 2: Youngfield Stree / Highway 58 Conditions Survey St Urban Renewal Plan
6-1-70 Corridor)
Task 1: Proiect Kick-off and Base Mapping
Same as in Part 1
Task 2: Blight Field Survey and Data Collection
Same as in Part 1
Task 3: Blight Analysis and Reporting
Same as in Part 1
ATTACHMENT 2
Task 4: Urban Renewal Plan Alternatives and Impact Analysis
The Consultant Team will develop draft urban renewal plan concept alternatives and
an analysis of potential impacts of each alternative including: capacity of the area to
accommodate various levels of development and redevelopment; opportunities and
constraints associated with parcel size, street network, ownership patterns, projected
market conditions, etc.
Task 5: Feasibility Test
The Consultant Team will generate preliminary conclusions regarding the feasibility of
the plan alternatives, select projects within the planning area, and final preferred
plan. The financial feasibility of the concepts will be tested through preparation of
development proformas designed to quantify potential net operating income, value
and any potential financial "gap."
The Consultant Team will summarize the implications of the final concept alternative
relative to: short- and long-term objectives for the planning area and community;
required actions; necessity for public improvements; regulatory considerations; and,
potential public/private partnerships.
Task 6: Tax Increment Analysis
The Consultant Team will estimate the tax increment potential (property, sales, and
other) of the urban renewal plan and prepare supporting impact documentation for
the County and any other taxing body as per the state legislation, and will assist the
Client in discussions with these groups, where feasible.
Task 7: Urban Renewal Plan
The Consultant Team will prepare an urban renewal plan document which reflects
community goals, market and social opportunities, and state-of-the-art thinking about
redevelopment. The plan will embody urban design principles and design objectives
with feasible application in the study area; identify the financial feasibility of
potential projects in the study area; and, include strategies for implementation. A
concept plan map will also serve to effectively communicate the plan concept to the
public and Client officials. The work products to be delivered to the Client during the
urban renewal phase of the study will include:
• Concept Plan Map
• TIF Analysis
• County Impact Report
• Draft and Final Urban Renewal Plan Report (including the final Conditions Survey
Report)
The Consultant Team will deliver the draft urban renewal plan report to the Client in
electronic (PDF) format. Upon receipt of comments by Client representatives, the
Consultant Team will revise the draft urban renewal plan document and prepare a
final report document for consideration by the Wheat Ridge City Council.
The final work product to be delivered to the Client will include thirty (30) color
bound copies of the urban renewal plan document, which includes the final conditions
survey report as well. The Consultant Team will also provide a complete, high-
resolution version of the entire final urban renewal plan/conditions survey report
document in PDF format on CD-ROM. Upon completion of the blight study/urban
renewal plan, the Consultant Team, if requested by the Client, will present their
findings and recommendations to the Wheat Ridge Planning Commission, Wheat Ridge
Urban Renewal Authority Commission and/or the Wheat Ridge City Council at the
public hearings required in the state urban renewal statutes.
Task 8: Urban Renewal Boundary Legal Description
A legal description describing the boundary of the geographic area proposed as the
Youngfield Street/ Highway 58 Urban Renewal Area will be required as part of the
urban renewal plan document and public notification process. This legal description
must be prepared and certified by a licensed surveyor. The Consultant Team will
provide this expertise and prepare, upon final delineation of a proposed urban
renewal area boundary, a complete legal description suitable to meet statutory
requirements.
Task 9: Public Involvement Activities
The Consultant Team will coordinate with the Client to plan and implement, as
necessary, a Public Involvement program that would consist of a combination of public
and/or smaller stakeholder meetings at certain stages of the project. The fees for this
task will be billed on a Time and Materials basis with a stated Not-To-Exceed amount.
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Number of Blocks
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7
11 O
_____....__..-.-...__e__--_.
Total 46
Real Property Parcels: 857 acres
Rights-of-Way: 396 acres
I Study Area Total: 1,253 acres
LELAND CONSULTING GROUP
L: ADMINISTRATIVE
Memorandum
TO:
Patrick Goff
FROM:
Anne Ricker
Ken Schroeppel
DATE:
25 February 2009
SUBJECT:
Stakeholder/ Public Input Opportunities
Following is a description of stakeholder / public input opportunities:
Meeting No 1: All stakeholders in the Survey Area i will be invited to a presentation on
the basics of urban renewal ("Urban Renewal 101"). During this meeting the Consultant
Team, with support from the Project Management Team, will also present the findings
from the Conditions Survey research.
With input from the Project Management Team, the Consultant Team will identify key
contacts / groups that could benefit from discussions specifically related to issues in their
area of interest. Pending input from the Authority and Council regarding the final
Urban Renewal Area boundaries, we anticipate discussions with two to three small area
groups.
Meeting No 2: Stakeholders within each small area will be invited to a presentation in
their area on: market demand within the City of Wheat Ridge and representative Trade
Area, as well as specific opportunities within the Urban Renewal Area. Detailed
information related to capacity and constraints will be customized for each small area.
During these meetings, the Consultant Team will solicit the input of participates about
their goals and objectives for development and redevelopment in their respective area.
Note: Stakeholder input will be represented in the final Urban Renewal Plan document
in the form of goals, objectives and a vision statement.
Meeting No. 3: All stakeholders within the Urban Renewal Area 2 will be invited to
review and comment on planning concepts for the entire Urban Renewal Area, including
a vision statement and list of objectives for each small area. Concepts will be based on
the market assessment (completed by Leland), existing city-wide and sub-area plans, and
stakeholder input.
1 Survey Area - that area that was the subject of the Conditions Survey.
2 Urban Renewal Area - an area smaller than the Survey Area that was defined based on
the findings of the Conditions Survey and input from the Project Management Team,
Urban Renewal Authority and City Council, with guidance from the Consultant Team.
■ Real Estate Strate sK uninn.lelandconsuttin .rout Page 1 of 2
ATTACHMENT 5
LELAND CONSULTING GROUP
L Meeting No 4: All stakeholders within the Urban Renewal Area will be invited to a
Note: The Consultant Team will be available for discussions with individual property
owners, if deemed necessary by the Project Management Team. The exact number will
be based on need and the parameters of the Consultant Team's contract with the City.
presentation on the content of the final draft Urban Renewal Plan and County Impact
Report. This meeting will serve as the last informal opportunity for stakeholders to
comment on the Plan. Formal opportunities will continue to be available at subsequent
Authority and Council meetings and public hearings (as required by the statute).
■ Real Estate Strategists, unmv.lelandconsulting.coin Page 2 oft
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Wheat Ridge Urban Renewal Authority
7500 W. 29th Avenue Wheat Ridge, Colorado 80033 303-235-2846 303-235-2857 (Fax)
TO: Urban Renewal Authority Board Members
FROM: Patrick Goff, Executive Director
RE: Resolution 02-2009 Supplemental Budget Appropriation
DATE: February 20, 2009
Attached is a resolution adopting a supplemental budget appropriation for the 2008
Wheat Ridge Cyclery Fund budget. A supplemental budget appropriation in the total
amount of $1,800.00 is necessary for the following expenditure:
Town Center Fund
1. The 2008 sales tax increment for the Wheat Ridge Cyclery project was $12,154.60
and the property tax increment was $14,644.92 for a total increment payment due to
Wheat Ridge Cyclery in the amount of $26,799.52. The 2008 Wheat Ridge Cyclery
budget included an appropriation of only $25,000; therefore a supplemental budget
appropriation in the amount of $1,800.00 is required to balance the budget.
Recommended Motion:
"I move to approve Resolution 02-2009, amending the fiscal year 2008 Urban
Renewal Budget to reflect the approval of a supplemental budget appropriation in
the amount of $1,800.00 to the Wheat Ridge Cyclery Fund for the purposes of
2008 sales and property tax increment distribution to Wheat Ridge Cyclery."
Attachments:
1. Resolution 02-2009
WHEAT RIDGE URBAN RENEWAL AUTHORITY
RESOLUTION NO. 02
Series of 2009
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2008
URBAN RENEWAL BUDGET TO REFLECT THE
APPROVAL OF A SUPPLEMENTAL BUDGET
APPROPRIATION IN THE AMOUNT OF $1,800.00 TO THE
WHEAT RIDGE CYCLERY FUND FOR THE PURPOSES
OF 2008 SALES AND PROPERTY TAX INCREMENT
DISTRIBUTION TO WHEAT RIDGE CYCLERY
WHEREAS, C.R.S. 29-1-103 (1) of the Local Government Budget Law of Colorado
requires certain local governmental entities to prepare and adopt an annual budget; and
WHEREAS, the Attorney for the Authority has opined that the provisions of the Budget
Law do apply to the Authority; and
WHEREAS, notice of adoption of the 2008 supplemental appropriation and budget was
given by the Urban Renewal Authority in compliance with C.R.S. 29-1-106; and
WHEREAS, the Authority previously adopted an appropriation for 2008 on December
11, 2007, which appropriation must be modified for the fees associated with the Wheat Ridge
Cyclery Tax Increment Finance Project; and
WHEREAS, in compliance with the provisions of the Budget Law regarding notice,
objections, and hearing, a public hearing was held on the Supplemental Budget and
Appropriation for 2008 on March 3, 2009.
THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as
follows:
Section 1. The year 2008 supplemental appropriation for the Wheat Ridge Cyclery Fund
as shown on Exhibit 1 attached hereto is hereby approved. The purposes of the 2008
supplemental appropriation is to increase funds in Wheat Ridge Cyclery Fund line item 37-122-
800-872 by $1,800.00 for 2008 sales and property tax increment distribution to Wheat Ridge
Cyclery.
Section 2. Total expenditures of the Authority do not exceed available revenues and
beginning fund balance.
Section 3. A certified copy of this resolution shall be filed with the Division of Local
Government.
\\srv-ci-adm-001\users\pgof)f\Urban Renewal\URA Packet Materials\090303 Supp Budget Appr Res.doc
ADOPTED the 3rd day of March, 2009.
ATTEST:
Secretary to the Authority
WHEAT RIDGE URBAN RENEWAL
AUTHORITY
Chairperson
\\srv-ci-adm-001\users\pgofl\Urban Renewal\URA Packet Materials\090303 Supp Budget Appr Res.doc
Wheat Ridge Urban Renewal Authority
7500 W. 29th Avenue Wheat Ridge, Colorado 80033 303-235-2846 303-235-2857 (Fax)
TO: Urban Renewal Authority Board Members
FROM: Patrick Goff, Executive Director
RE: 3 8th Avenue Corridor Redevelopment Plan TIF
DATE: February 26, 2009
The 38th Avenue Corridor Redevelopment Plan was amended on October 28, 2003 by
City Council to implement sales and property tax increment financing (TIF) for the
proposed Cornerstone development project (Walgreens). Development negotiations failed
for the project and on September 22, 2008, the Authority entered into a Settlement and
Mutual Release Agreement with Cornerstone.
Although the proposed Walgreens' project was never initiated, the TIF "clock" started on
October 28, 2003. TIF may be allocated for a maximum of 25 years; therefore there are
less than 20 years left on this TIF "clock".
Legal opinion was sought from the Authority's attorneys and the following conclusion
was reached,
TIF can be started at any time once the property was included in the urban
renewal area, regardless of whether the redevelopment had started. We
also discussed whether WRURA could stop the TIF and restart it later, and
I told Patrick that the law was not clear on this, but that nothing in the
Urban Renewal Law expressly prohibits it. I do know that some assessors
(Adams County, for instance) do not object to this practice. I am unaware
of any case law or other authority addressing this issue. Therefore, I
believe WRURA could temporarily halt the Walgreen's TIF and restart it
at a later date, provided that the Commissioners are aware that there is
some risk to doing so should it be challenged.
The Authority received a property tax increment distribution in 2008 (2007 taxes payable
in 2008) for the Walgreens project in the amount of $12,429.15; initial research has
concluded that there was no property tax increment for previous years. Sales tax
increment has not been calculated since the initiation of the TIF but the Authority's legal
counsel recommends that the Authority calculate sales tax increment back to the effective
date of October 28, 2003. If any increment exists, the Authority can decide at that point
to ask the City for the increment or to allow the City to retain those funds. Staff will
attempt to ascertain the amount of sales tax increment, if any, before the March P
meeting.
Recommendation
Staff recommends stopping the property and sales TIF on the Walgreens' project in the
38`h Avenue Corridor Redevelopment Plan.
Attachments:
1. Resolution 29-2003
RESOLUTION NO. 29
Series of 2003
TITLE: A RESOLUTION ADOPTING THE FIRST MODIFICATION
TO THE 38TH AVENUE CORRIDOR REDEVELOPMENT
PLAN
WHEREAS, in 2001 the Wheat Ridge City Council approved an urban renewal plan,
known as the 38th Avenue Corridor Redevelopment Plan (hereafter Urban Renewal Plan), for the
elimination of blight and redevelopment of certain portions of the City; and
WHEREAS, such Urban Renewal Plan included the area depicted on the map designated
as Exhibit 1 hereto; and
WHEREAS, the Urban Renewal Plan provided for the utilization of sales and property
tax incremental revenue sources within the redevelopment area; and
WHEREAS, the Urban Renewal Authority has solicited development proposals for and
has selected a developer to undertake a redevelopment project on the parcel of land depicted on
Exhibit 1 hereto; and
WHEREAS, the Disposition and Development Agreement entered into between the
developer and the Urban Renewal Authority authorizes the use of sales and property tax
incremental revenues to finance the public costs related to the redevelopment project; and
WHEREAS, the Urban Renewal Authority has recommended to City Council that the
Urban Renewal Plan be modified to implement sales and property tax increment for the project
area as depicted on Exhibit 1; and
WHEREAS, compliance with the Urban Renewal Law of Colorado (Sec. 31-25-101 et
SeMc . C.R.S.) has been effected in the following respects, including but not limited to: referral of
the modification to the Planning Commission and its written recommendation that the
modification is in conformity with the City's Comprehensive Plan; referral to the Jefferson
County Board of Commissioners with information showing the impact to the County; publication
and mailings of notice of the public hearing on this proposed modification; holding of the public
hearing on October 27, 2003 with all parties afforded a full opportunity to be heard.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Wheat
Ridge, Colorado, as follows:
Section 1. The modification to the Urban Renewal Plan implementing the utilization of
tax increment financing in the project area depicted in Exhibit 1 hereto is hereby approved.
Section 2. All other provisions of the Urban Renewal Plan shall be and remain in effect.
CADocuments and SettingslathyALocal Settingffemporary Intemet Fi1es\0LK54\URPIanModResCC.doc
CADocuments and Settingslathyftocal Settings\Temporary Internet Files\OLK54\URPlanModResCC.doc
DONE AND RESOLVED THIS 99 f day of aL±e, 2003.
38th ar 'Sheridan Urban Renewal - -)undary
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/v Urban Renewal Boundary EXHIBIT 1
FIRST AMENDMENT TO THE 3e AVENUE CORRIDOR
REDEVELOPMENT PLAN
The 38' Avenue Corridor Redevelopment Plan ("Plan") is amended
by adding Sections 5.1 c., d. and e.
c. Utilization of Property and Sales TIF.
Consistent with the foregoing provisions of this Section 5.0
regarding TIF, there is hereby adopted the utilization of property and
sales tax increment for the properties within the Project Area (which
is within the Redevelopment Area), and is legally described on
Appendix A hereto.
That portion of property tax revenues in excess of those
described in paragraph 5.1(a) (i) above and all (100%) of the
municipal sales taxes in excess of those municipal sales tax revenues
described in paragraph 5.1(a) (i) above shall be allocated to, and when
collected, paid into a special fund of the Authority, and may be
irrevocably pledged by the Authority for the payment of the principal
of, premium, if any, and interest on any bonds, loans or advances, or
indebtedness (whether funded, refunded, assumed, or otherwise)
incurred by the Authority to finance or refinance, in whole or in part,
urban renewal projects, and to pay all financial obligations and debts
of the Authority. Unless and until the total valuation for assessment
of the taxable property in the Project Area) exceeds the amount as
provided in paragraph 5.1(a) (i) above, all of the revenue attributable
to property taxes levied upon the taxable property in the Project Area
shall be paid into the funds of the respective public bodies. Unless and
until the total municipal sales tax revenue collections in the Project
Area exceed the base year municipal sales tax revenue collection, as
provided in paragraph 5.1(a) (i) above, all such sales tax revenue
collections shall be paid into the funds of the City. When such
bonds, loans, advances and indebtedness, and all financial obligations
and debts of the Authority; if any, including interest thereon and any
premiums due in connection therewith, have been paid, but in no
event later than twenty-five (25) years following the effective date of
the ap roval of this amendment to this Plan (which effective date is
2003) all property tax revenues upon the taxable
property and the total municipal sales tax revenue collections in the
Project Area shall be paid into the funds of the respective public
bodies.
ATTACHMENT I
d. No Application.
The provisions of paragraph 5.1(a)(v) shall not apply to the
utilization of TIF for this Project Area.
e. Consistent Interpretation.
All other provisions of this Plan, not specifically
amended hereby, shall be interpreted so as to be consistent with the
purpose of this amendment to effect the utilization of TIF in the
Project Area described on Appendix A.
2'
APPENDIX A
A tract of land in the Northeast'/4 of Section 25, Township 3 South, Range 69
West of the 6t' Principal Meridian and also being a part of Block 1, Pearson-
Woodside Addition as recorded in Book 6, Page 8 of the official records of the
County of Jefferson, State of Colorado, and being more particularly described as
follows:
Commencing at the Northeast corner of said Northeast 1/4; thence S 00° 15' 49" E
along the East line of said Northeast 1/4, said line also being the centerline of
Sheridan Boulevard, 65.00 feet; thence S 89° 59' 58" W, 30.00 feet to a point on
the East line of said Block 1 and the West line of Sheridan Boulevard, said point
being the POINT OF BEGINNING; thence N 45° 07' 56" W along the Southerly
line of that tract of land described at Reception Number 91056588, said line also
being the Southerly line of West 38 h Avenue, 28.35 feet; thence continuing along
said Southerly line S 89° 59' 58" W, 115.45 feet; thence N 00° 15' 49" W along
said Southerly line, 5.00 feet to a point on the North line of said Block 1, said
point also being a point on the Southerly line of West 38`'' Avenue; thence S 89°
59' 58" W along said Northerly line of Block 1, 135.45 feet to the Northwest
corner of said Block 1; thence S 00° 15' 49" E along the West line of said Block
1, 217.20 feet to the beginning of a curve; thence Southerly along a curve to the
left and along the West line of said Block 1, 38.84 feet, which curve has a radius
of 523.00 feet, a central angle of 4° 15' 17" and whose chord bears S 2° 23' 28" E,
38.83 feet, to the Southwesterly corner of Lot 21 of said Block 1; thence N 89°
59' 58" E along the Southerly line of said Lot 21, 134.01 feet to the Southeast
corner of said Lot 21; thence N 00° 15' 49" W along the East line of said Lot 21,
25.00 feet; thence N 89° 59' 58" E along a line parallel to the North line of said
Block 1, 135.45 feet to a point on the East line of said Block 1 and the West line
of Sheridan Boulevard; thence N 00° 15' 49" W along said East line of said Block
1 and the West line of Sheridan Boulevard, 206.00 feet to the POINT OF
BEGINNING, County of Jefferson, State of Colorado.
Said parcel contains 1.4937 acres more or less.