Loading...
HomeMy WebLinkAbout20092729.tiffFirestone A Community /n Motion October 20, 2009 Weld County Board of County Commissioners Attn: Esther Gesick, Clerk to Board Weld County Centennial Center 915 10th Street, Third Floor Greeley, CO 80631 Via Hand delivery Re: Town of Firestone/Firestone Urban Renewal Plan/Southern Firestone Urban Renewal Area Dear Commissioners: As required by Colorado Revised Statute C.R.S. 31-25-107(3.5), this letter is to submit to you certain documents related to the proposed Firestone Urban Renewal Plan ("Plan") for the Southern Firestone Urban Renewal Area. The Plan will be considered by the Firestone Board of Trustees at a public hearing to be held on Thursday , November 19, 2009 at 7:00 p.m. at Firestone Town Hall. Submitted with this letter is a complete copy of the proposed Plan with its exhibits, a Weld County Impact Report prepared pursuant to C.R.S. 31-25- 107(3.5) and containing the information required by that statute, and a copy of the notice of public hearing for the November 19, 2009 Board of Trustees hearing. If you have any questions or comments regarding the proposed Plan or Impact Report, please feel free to contact Cheri Andersen, Town Manager. Sincerely, Cheri Andersen Town Manager cc: Bruce Barker, Weld County Attorney, via hand delivery 151 Grant Ave. • P.U. Box 100 • Firestone, CO 80520 (303) 833-3291 • fax (303) 833-4863 TOWN OF FIRESTONE, COLORADO NOTICE OF PUBLIC HEARING SOUTHERN FIRESTONE URBAN RENEWAL AREA CONDITIONS SURVEY AND FIRESTONE URBAN RENEWAL PLAN Notice is hereby given that the Board of Trustees of the Town of Firestone will hold a public hearing commencing at 7:00 p.m., Thursday, November 19, 2009, at the Firestone Town Hall, 151 Grant Avenue, Firestone, Colorado 80520. The purpose of the public hearing will be to consider the Southern Firestone Urban Renewal Area Conditions Survey (Blight Study) and the proposed Southern Firestone Urban Renewal Plan, pursuant to the provisions of the Colorado Urban Renewal Law. At the public hearing, the Board of Trustees will receive testimony and evidence on the Conditions Survey and the proposed Urban Renewal Plan. If the Board of Trustees determines, based on the evidence presented at the public hearing, that the proposed urban renewal area is a blighted area as defined by the Colorado Urban Renewal Law, the Board of Trustees may thereafter adopt one or more resolutions making such finding and such other findings as the Board of Trustees may determine based on the evidence presented at the hearing; designating the proposed area as appropriate for an urban renewal project, and adopting the proposed Southern Firestone Urban Renewal Plan as an urban renewal plan for the Southern Firestone Urban Renewal Area. The proposed urban renewal area covered by the Southern Firestone Urban Renewal Area Conditions Survey and the proposed Firestone Urban Renewal Plan is described in Exhibit A and depicted on the boundary map that accompanies this public notice. Any resident, taxpayer, property owner, business owner or other interested person may appear at the public hearing and provide testimony or other evidence regarding the Conditions Survey, the proposed Urban Renewal Plan and related matters under consideration. Copies of the Southern Firestone Urban Renewal Area Conditions Survey, the proposed Southern Firestone Urban Renewal Plan and other related materials are available for inspection in the office of the Town Clerk, 151 Grant Avenue, Firestone, Colorado, 80520. Questions regarding the public hearing may be directed to the Planning Department, 303-833-3291. The purpose of the Southern Firestone Urban Renewal Plan is to reduce, eliminate and prevent the spread of blight within the urban renewal area and to stimulate growth and reinvestment within the urban renewal area, and to further the goals and objectives of the Firestone Comprehensive Plan. Urban renewal projects under such plan shall include undertakings and activities by the Firestone Urban Renewal Authority intended to eliminate and prevent blight and stimulate growth and reinvestment, in furtherance of the land use and development objectives of the adopted Firestone Comprehensive Plan. Particular projects may include: (a) installation, construction, or reconstruction of streets, utilities, parks, playgrounds or other improvements, including without limitation, potential completion of streetscape improvements, alley improvements, and replacement or upgrading of serving utilities; (b) acquisition of blighted areas or other property as permitted by the plan and applicable law; (c) demolition and removal of buildings and improvements; (d) disposition of any property acquired or held by the Authority (including sale, initial leasing, or temporary retention by the Authority itself); (e) carrying out plans for a program through voluntary action and the regulatory process for the repair, alteration, and rehabilitation of buildings or other improvements in accordance with the urban renewal plan; (f) financing of improvements through revenues, including tax increment revenues, available for purposes of the plan; (g) other activities as permitted by the plan and applicable law. Dated the 16th day of October, 2009. TOWN OF FIRESTONE Judy Flegwood Town Clerk Published October 20, 2009 in the Longmont Times -Call. 2 EXHIBIT A DESCRIPTION OF PLAN AREA - SOUTHERN FIRESTONE URBAN RENEWAL PLAN Being those portions of Sections 17, 18, 19, 20, 29, and 30 of Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado, more particularly described as follows: HART PARK (WEST SIDE) A tract of land located in the Northwest Quarter of the Northeast Quarter of Section 30, T2N, R67W of the 6th P.M., Town of Firestone, County of Weld, State of Colorado, described as follows: Considering the North line of said Northeast Quarter as bearing South 90°00'00" East and with all bearings contained herein relative thereto: Commencing at the Northwest corner of said Northeast Quarter, the TRUE POINT OF BEGINNING of this description; thence along said North line South 90°00'00" East 330.00 feet to the Northwesterly corner of the Globe Addition to the Town of Firestone; thence along the boundary of the said Globe Addition South 00°38'37" East 660.00 feet, and again North 90°00'00" West 330.00 feet to the Westerly line of said Northeast Quarter, and to the Easterly boundary of the Town of Firestone according to the Replat of the Town of Firestone recorded May 1, 1974 at Reception No. 1635587, of the records of Weld County, State of Colorado; thence along the said Westerly line of the Northeast Quarter and the said Easterly boundary of the Town of Firestone North 00°38'37" West 660.00 feet to the Point of Beginning. The above described tract contains 5.0 acres more or less and is subject to all easements and rights -of -way now existing or of record. Together with; HART PARK (EAST SIDE) All that area described as public open space and Grant Avenue road right-of-way as described in the Amended Annexation Map of Globe Addition recorded May 17, 1978 at Reception No. 1753702, of the records of Weld County, State of Colorado. Together with; GLOBE SUBDIVISION FIRST FILING All public road right-of-ways conveyed to the Town of Firestone as described in the Final Plat of Globe Subdivision First Filing recorded May 17, 1978 in Book 832 at Reception No. 1753703, of the records of Weld County, State of Colorado. Together with; GLOBE SUBDIVISION SECOND FILING All public road right-of-ways conveyed to the Town of Firestone as described in the Final Plat of Globe Subdivision Second Filing recorded November 1, 1978 in Book 850 3 at Reception No. 1771614, of the records of Weld County, State of Colorado. Together with; THE ZADEL RANCH, COMMERCE VILLAGE All of the First Street North public road —right-of-way, and Grant Avenue road right-of- way conveyed to the Town of Firestone, and Lot 1 as described in the Final Plat of The Zadel Ranch, Commerce Village recorded September 29, 1982 at Reception No. 01905061, of the records of Weld County, State of Colorado. Together with; THE ZADEL RANCH, WESTWIND VILLAGE All public road right-of-ways and two 20' public access, utility and drainage parcels conveyed to the Town of Firestone as described in the Final Plat of The Zadel Ranch, Westwind Village recorded June 15, 1978 in Book 835 at Reception No. 1756842, of the records of Weld County, State of Colorado. Together with; FIRESTONE MUNICIPAL COMPLEX All real property owned by the Town of Firestone as described in the Land Survey Plat of Firestone Municipal Complex recorded March 29, 1999 at Reception No. 2683175, of the records of Weld County, State of Colorado. Together with; TOWN OF FIRESTONE (Old Town) All public road right-of-ways and alleys conveyed to the Town of Firestone and the West half of Lot 14, Block 2 and Lots 15-20, Block 2 and Lots 1-16, Block 3 and Lots 7-8, Block 15 and Lots 21-32, Block 15 as described in the Replat of the Town of Firestone recorded May 1, 1974 at Reception No. 1635587, of the records of Weld County, State of Colorado. Together with; TOWN OF FIRESTONE (Block 4 Allev1 All real property conveyed to the Town of Firestone as described in the deed in Book 1526, Page 787 at Reception No. 2471381, of the records of Weld County, State of Colorado. Together with; TOWN OF FIRESTONE (McClure Avenue Parcell All real property conveyed to the Town of Firestone as described in the deed in Book 1641, Page 517, of the records of Weld County, State of Colorado. Together with; FIRESTONE TRAIL (SECTION 301 All of Parcel No. 6 owned by the Town of Firestone as described in the Quit Claim Deed recorded March 19, 1997 at Reception No. 2538622, of the records of Weld County, State of Colorado. 4 Together with; FIRESTONE TRAIL (SECTION 19) All real property owned by the Town of Firestone as described in the Annexation Map of Firestone Trail First Annexation recorded March 2, 1999 at Reception No. 2676869, of the records of Weld County, State of Colorado. Together with; RUSSELL SUBDIVISION — AMENDED PLAT All public road right-of-ways and alleys conveyed to the Town of Firestone as described in the Final Plat of Russell Subdivision — Amended Plat recorded March 6, 1968 in Book 592 at Reception No. 1513855, of the records of Weld County, State of Colorado. Together with; RUSSELL SUBDIVISION - SECOND FILING All public road right-of-ways and alleys conveyed to the Town of Firestone and Lot 10, Block 3 as described in the Final Plat of Russell Subdivision Second Filing recorded May 15, 1969 in Book 609 at Reception No. 1531392, of the records of Weld County, State of Colorado. Together with; ADVANCED FORMING TECHNOLOGY — MINOR PLAT All of Lot 1, Lot 2, Lot 3, and Tract A as described in the Minor Plat of Advanced Forming Technology recorded November 6, 2000 at Reception No. 2805045, of the records of Weld County, State of Colorado. Together with; AMENDED TIMBERLAND SUBDIVISION - FIRST FILING All public road right-of-ways conveyed to the Town of Firestone and Outlot A as described in the Final Plat of Amended Timberland Subdivision — First Filing recorded February 11, 1998 at Reception No. 2593849, of the records of Weld County, State of Colorado. Together with; TIMBERLAND SUBDIVISION - SECOND FILING All public road right-of-ways and Outlot A conveyed to the Town of Firestone as described in the Final Plat of Timberland Subdivision — Second Filing recorded April 8, 1998 at Reception No. 2605095, of the records of Weld County, State of Colorado. Together with; TEETS ANNEXATION NO. 1 All real property as described in the Annexation Map of Teets Annexation No. 1 recorded July 21, 1997 at Reception No. 2558855, of the records of Weld County, State of Colorado. Together with; 5 THE OVERLOOK AT FIRESTONE, REPLAT "A" All public road right-of-ways and Outlot A conveyed to the Town of Firestone and Tract 1 as described in the Final Plat of The Overlook at Firestone, Replat "A" recorded March 15, 2000 at Reception No. 2755702, of the records of Weld County, State of Colorado, except for the southerly 10 feet of McClure Avenue right-of-way vacated by the Town of Firestone as described in the Final Plat of The Overlook at Firestone, Replat "B" recorded July 9, 2001 at Reception No. 2863948, of the records of Weld County, State of Colorado. Together with; THE OVERLOOK AT FIRESTONE, FILING NO. 2 All public road right-of-ways and Outlot B conveyed to the Town of Firestone as described in the Final Plat of The Overlook at Firestone, Filing No. 2 recorded May 24, 2001 at Reception No. 2851137, of the records of Weld County, State of Colorado. Together with; THE OVERLOOK AT FIRESTONE, REPLAT "C" All public road right-of-ways conveyed to the Town of Firestone as described in the Final Plat of The Overlook at Firestone, Replat "C" recorded June 18, 2003 at Reception No. 3073958, of the records of Weld County, State of Colorado. Together with; FIRESTONE VILLAS SUBDIVISION All public road right-of-ways, Outlot A, Outlot B and Outlot C conveyed to the Town of Firestone and Lots 7-19, Block 1 and Lots 7-12, Block 2 and Lots 1-6, Block 3 and Lots 1-8, Block 4 as described in the Final Plat of Firestone Villas Subdivision recorded August 20, 2007 at Reception No. 3498266, of the records of Weld County, State of Colorado. Together with; SADDLEBACK VISTAS All real property as described in the Outline Development Plan of Saddleback Vistas recorded October 5, 2001 at Reception No. 2890111, of the records of Weld County, State of Colorado. Together with; FIRESTONE SAFEWAY All of Lot 2 and Lot 3 as described in the Final Plat of Firestone Safeway recorded February 28, 2001 at Reception No. 2828882, of the records of Weld County, State of Colorado. Together with; SADDLEBACK ESTATES A tract of land located in the Southwest One -Quarter of Section 19, Township 2 North, Range 67 West of the Sixth Principal Meridian, County of Weld, State of Colorado, described as follows: 6 Commencing at the Southwest corner of said Section 19, from which the South One - Quarter corner of said Section 19 bears N89°40'09"E, 2472.66 feet; Thence N89°40'09"E 804.40 feet along the South line of the Southwest One -Quarter of said Section 19 to the Southeast corner of the Zadel Ranch, Commerce Village; Thence N00°52'30"W 319.57 feet along the Easterly line of said the Zadel Ranch, Commerce Village to a point of curve to the right thereof; Thence Northerly 53.61 feet along the arc of said curve and along the Easterly line of said the Zadel Ranch, Commerce Village to a point of tangent thereof, said arc having a radius of 507.62 feet, a central angle of 06°03'03", and being subtended by a chord that bears N02°09'02"E 53.58 feet; Thence N05°10'33"E 114.12 feet along the Easterly line of said the Zadel Ranch, Commerce Village to a point of curve to the left thereof; Thence Northerly, 59.94 feet along the arc of said curve and along the Easterly line of said the Zadel Ranch, Commerce Village to a point of tangent thereof and the True Point of Beginning, said point also being the Northwest corner of that tract of land conveyed to the Town of Firestone as described in Special Warranty Deed recorded June 15, 1992 in Book 1339 as Reception No. 2291849, of the records of Weld County, Colorado, said arc having a radius of 567.62 feet, a central angle of 06°03'03", and being subtended by a chord that bears N02°09'02"E 59.92 feet; Thence N00°52'30"W 1105.80 feet along the Easterly line of said the Zadel Ranch, Commerce Village; Thence S61 °23'48"E, 736.15 feet; Thence S56°42'08"E, 667.37 feet; Thence S08°50'10"E, 659.27 feet to the Northerly Right -of -Way line of the Coal Ridge Irrigation Canal conveyed to Northern Colorado Water Conservancy District as described in instrument recorded December 6, 1955 in Book 1436 at Page 442 of the records of Weld County, Colorado; Thence S84°31'09"W, 162.90 feet along the Northerly Right -of -Way line of said Coal Ridge Irrigation Canal; Thence S09°30'32"W, 263.79 feet to the South line of the Southwest One -Quarter of said Section 19; Thence S89°40'09"W, 530.72 feet along the South Line of the Southwest One -Quarter of said Section 19 to the Southeast corner of that tract of land described in said Book 7 1339 as Reception No. 2291849, said point described as being Westerly 1106.52 feet along the South line of the Southwest One -Quarter of said Section 19 from the Southwest One -Quarter corner of said Section; Thence N00°52'49"W, 546.57 feet along the East line of that tract of land as described in said Book 1339 as Reception No. 2291849 to the Northeast corner thereof; Thence S89°40'09"W, 543.67 feet along the North line of that tract of land as described in said Book 1339 as Reception No. 2291849 to the Northwest Corner thereof and the True Point of Beginning. Contains 29.08 acres more or less. Basis of Bearin.9: The South line of the Southwest 1/4 Section 19, Township 2 N., Range 67 W. of the 6TH Principal Meridian, Weld CO., Colorado is assumed to bear N89°40'09"E. Together with; SADDLEBACK P.U.D. A tract of land located in the N''/z of Section 19, T2N, R67W of the 6th P.M., Town of Firestone, County of Weld, State of Colorado, described as follows: BEGINNING at the N '/4 Corner of said Section 19, from which the Northwest Corner of said Section 19, bears S89°59'35"W, 2387.90 feet (Basis of Bearing), thence S89°59'35"W, 2208.09 feet along the North Line of the NW '/4 of said Section 19 to the Easterly Right-of-way Line of the Former Union Pacific Railroad conveyed to the Union Pacific Railroad Company as described in Warranty Deed recorded June 13, 1910, in Book 320 at Page 187 of the records of Weld County, Colorado; Thence S00°52'37"E, 1207.59 feet along the Easterly Right-of-way Line of said Former Union Pacific Railroad to a point from which the Northwest Corner of that tract of land conveyed to The Weld County Tri-Area Sanitation District as described in Court Decree recorded May 31, 1968, in Book 595 as Reception No. 1517031 of the records of Weld County, Colorado, bears S00°52'37"E, 583.37 feet along the Easterly Right-of-way Line of said Former Union Pacific Railroad, said point also being an angle point of Parcel A of Saddleback Golf Course conveyed to Coal Ridge Management, Inc. as described in Bargain and Sale Deed recorded December 13, 2000, as Reception No. 2813046 of the records of Weld County, Colorado; The following courses and distances are along the Northerly Line of said Parcel A of Saddleback Golf Course: Thence S55°09'54"E, 197.36 feet; thence S00°00'00"E, 80.00 feet; thence S55°09'54"E, 304.22 feet; thence S38°52'55"E, 467.85 feet; thence S61°32'37"E, 523.03 feet; thence N31 °50'07"E, 967.17 feet to the most Southerly Corner of Parcel C of Saddleback Golf Course as described at said Reception No. 2813046; 8 The following courses and distances are along the Westerly Line of said Parcel C of Saddleback Golf Course: Thence N29°13'07"E, 143.45 feet; thence N12°17'39"E, 107.46 feet; thence N36°03'32"E, 33.42 feet; thence N54°06'01 "E, 105.25 feet to an angle point of said Parcel A of Saddleback Golf Course, also being the most Westerly Corner of Parcel D of Saddleback Golf Course as described at said Reception No. 2813046; The following courses and distances are along the Northerly Line of said Parcel D of Saddleback Golf Course: Thence N54°06'01"E, 75.01 feet; thence N80°33'53"E, 314.32 feet to the Northerly Line of said Parcel A of Saddleback Golf Course; The following courses and distances are along the Northerly Line of said Parcel A of Saddleback Golf Course: Thence N75°33'24"E, 209.97 feet; thence N64°35'44"E, 227.29 feet; thence S84°37'34"E, 789.20 feet; thence S20°09'33"E, 200.39 feet; thence S57°42'50"E, 196.33 feet to the most Westerly Corner of Parcel E of Saddleback Golf Course as described at said Reception No. 2813046; The following courses and distances are along the Northerly Line of said Parcel E of Saddleback Golf Course: Thence S72°22'06"E, 288.32 feet; thence S57°55'19"E, 468.28 feet to the Northerly Line of said Parcel A of Saddleback Golf Course; The following courses and distances are along the Northerly Line of said Parcel A of Saddleback Golf Course: Thence S65°49'08"E, 415.95 feet; thence N88°08'30"E, 154.74 feet at right angles from the East Line of the NE' /4 of said Section 19 to the East Line of the NE'/ of said Section 19; Thence leaving the Northerly Line of said Parcel A of Saddleback Golf Course, N01 °51'30"W, 1669.50 feet along the East Line of the NE 1/4 of said Section 19 to the Northeast Corner of said Section 19; Thence N89°58'18"W, 2635.37 feet along the North Line of the NE' /4 of said Section 19 to the N'/4 Corner of said Section 19 and the POINT OF BEGINNING, excepting there from Lot 24 Block 1 and Lot 14 Block 2 as described in the Final Plat of Saddleback First Filing recorded June 30, 2005 at Reception No. 3299165, of the records of Weld County, State of Colorado. Together with; SADDLEBACK FIRST FILING All real property and public right -or -ways, except Lot 24 Block 1 and Lot 14 Block 2, as described in the Final Plat of Saddleback First Filing recorded June 30, 2005 at Reception No. 3299165, of the records of Weld County, State of Colorado. 9 Together with; THE RESERVE A tract of land located in the Southeast Quarter Section 19, T2N, R67W of the 6th P.M., Town of Firestone, County of Weld, State of Colorado, described as follows: BEGINNING at the South line of Section 19, whence South 89°40'59" West, 927.28 feet; thence along the Easterly line of The Zadel Ranch, Westwind Village Subdivision North 00°19'01" West, 421.00 feet; thence North 33°00'00" West, 252.84 feet to a point on the Easterly Right -of -Way line of the South Platte Supply Canal; thence along said Easterly R.O.W. the following (4) courses; Thence North 59°34'26" East 23.95 feet; Thence North 17°14'09" East 241.81 feet; Thence North 49°05'09" East 525.90 feet; Thence North 73°39'09" East 317.10 feet; Thence leaving said Easterly R.O.W. line North 88°00'00" East, 179.90 feet; thence South 02°00'00" East, 708.21 feet; thence South 43°00'00" East, 753.00 feet; thence South 00°10'01" East, 50.00 feet to a point on the South line of Section 19; thence South 89°40'59" West, 1372.18 feet to the point of BEGINNING, containing 28.049 acres, more or less. Together with; FIRESTONE RETAIL CENTER All of Lot 2, Lot 4 and Lot 5 as described in the Final Plat of Firestone Retail Center recorded July 30, 2004 at Reception No. 3204318, of the records of Weld County, State of Colorado. Together with; FIRESTONE RETAIL CENTER, REPLAT NO. 1 All of Lot 1 and Tract A as described on the plat of Firestone Retail Center, Replat No. 1 recorded December 29, 2008 at Reception No. 3596794, of the records of Weld County, State of Colorado. Together with; SADDLEBACK GOLF COURSE All real property as described in the Bargain and Sale Deed recorded December 13, 2000 at Reception No. 2813046, of the records of Weld County, State of Colorado. Together with; GRANT AVENUE All existing and proposed public right-of-way known as, or to be known as, Grant Avenue, being more particularly described as follows; Commencing at the Northwest Corner of Section 30, Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado and considering 10 the North Line of the Northwest'/4 of said Section 30 to bear S 89°09'19" E a distance of 2,472.68 L.F. to the North 3/4 Corner of Said Section 30, with all bearings herein relative thereto; Thence S 89°09'19" E 30.00 a distance of L.F. to the Point of Beginning. Thence, the right-of-way being 50' north and 30' south of a portion of the North Line of the Northwest ''% of Section 30 from the Point of Beginning and then S 89°09'19" E a distance of 2,442.68 L.F. to the North '% Corner of Section 30. Thence, the right-of-way being 50' north and 50' south of the North Line of the Northeast 1/4 of Section 30 from the North % Corner of Section 30 and then S 89°08'41" E a distance of 2,640.83 L.F. to the Northeast Corner of Section 30. Thence, the right-of-way being 50' north and 50' south of the North Line of the Northeast i/4 of Section 29 from the Northeast Corner of Section 30 and then S 89°08'25" E a distance of 2,628 L.F. to the North '% Corner of Section 29. Thence, the right-of-way being 50' north and 30' south of the North Line of the Northeast % of Section 29 from the North '/4 Corner and then S 89°20'36" E a distance of 2,630.03 L.F. to the Northwest Corner of Section 29 and the Point of Terminus. Together with; PINECONE AVENUE (West) All existing and proposed public right-of-way known as, or to be known as, Pinecone Avenue, being more particularly described as follows; Commencing at the Northwest Corner of Section 19, Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado and considering the North Line of the Northwest '% of said Section 19 to bear S 88°49'53" E a distance of 2,387.92 L.F. to the North 3/4 Corner of Said Section 19, with all bearings herein relative thereto; Thence S 88°49'53" E a distance of 30.00 L.F. to the Point of Beginning. Thence, the right-of-way being 30' north and 60' south of a portion of the North Line of the Northwest 1/4 of Section 19 from the Point of Beginning and then S 88°49'53" E a distance of 2,357.92 L.F. to the North ''% Corner of Section 19. Thence, the right -off -way being 60' north and 60' south of the north line of the Northeast '/4 of Section 19 from the North 1/4 Corner S 88°47'59" E a distance of 2,635.42 L.F. to the Northeast Corner of Section 19 and the Point of Terminus. Together with; PINECONE AVENUE (East) All existing and proposed public right-of-way known as, or to be known as, Pinecone 11 Avenue, being more particularly described as follows; Beginning at the Northwest Corner of Section 20, Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado and considering the North Line of the Northwest'/ of said Section 20 to bear N 89°01'20" E a distance of 2,597.64 L.F. to the North 1/4 Corner of Said Section 20, with all bearings herein relative thereto; Thence, the right-of-way being 30' north and 50' south of a portion of the North Line of the Northwest 1/4 of Section 20 from the Northwest Corner N 89°01'20" E a distance of 2,629.67 L.F. to a point on the North Line of the Northwest 1/4. Thence, the right-of-way being 49' north and 50' south of a portion of the North Line of the Northwest '% of Section 20 from the previous point N 89°01'20" E a distance of 1,948.30 L.F. to the North 1/4 Corner of Section 20. Thence, the right-of-way being 49' north and 50' south of a portion of the North Line of the Northeast 1/4 of Section 20 from the North % Corner N 88°15'05" E a distance of 1,315.49 L.F. to a point on the North Line of Northeast %. Thence, the right-of-way being 30' north and 30' south of a portion of the North Line of the Northeast % of Section 20 from the previous point N 88°15'05" E a distance of 1,284 L.F. to the Point of Terminus, being N 88°15'05" E a distance of 30.00 L.F. from the Northeast Corner of Section 20. Together with; FRONTIER STREET All existing and proposed public right-of-way known as, or to be known as, Frontier Street, being more particularly described as follows; Beginning at the East'' /4 Corner of Section 30, Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado and considering the East Line of the Northeast '% of said Section 30 to bear N 00°22'04" E a distance of 2,640.58 L.F. to the Northeast Corner of Said Section 30, with all bearings herein relative thereto; Thence, the right-of-way being 60' west and 60' east of a portion of the East Line of the Northeast ''% of Section 30 from the East '% Corner N 00°22'04" E a distance of 645.90 L.F. to a point on the East Line of the Northeast 1/4. Thence, the right-of-way being 30' west and 60' east of a portion of the East Line of the Northeast 1/4 of Section 30 from the previous point N 00°22'04" E a distance of 528.00 L.F. to a point on the East Line of the Northeast 1/4. Thence, the right-of-way being 60' west and 60' east of a portion of the East Line of the Northeast 1/4 of Section 30 from the previous point N 00°22'04" E a distance of 1,466.68 12 L.F. to the Northeast Corner of Section 30. Thence, the right-of-way being 60' west and 60' east of the East Line of the East 1/2 of Section 19 from the Northeast Corner of Section 30 N 00°41'27" W a distance of 5,261.92 L.F. to the Northeast Corner of Section 19 and the Point of Terminus. END OF EXHIBIT A 13 W I- X W J a I -W W CO W z < -Z LL m< D OCTOBER 2009 Z SVISD1 >13V83703VS Firestone Urban Renewal Plan For the Southern Firestone Urban Renewal Area October 16, 2009 Table of Contents A. Introduction 2 B. Summary of Eligibility Criteria 2 1. Conditions Survey2 2. Summary of Conditions Survey 2 C. General Description of Urban Renewal Project3 D. Urban Renewal Plan Goals and Plan's Relationship to Local and Regional Objectives 4 1. Goals4 2. Relationship to Local and Regional Objectives.. ........ ........ 5 3. Relationship to Master Plan............. ...... ....... ....... . ........ . 5 E. Land Use Regulations and Building Requirements 7 1. Land Uses .................. 7 2. Development Processing ....................... 7 F. Project Activities............ ....... .................... ..... ........ 7 1. Land Acquisition 7 2. Relocation... 8 3. Demolition, Clearance and Site Preparation.... .......... ......... 9 4. Property Management.......... ......... ......... ............... . .............. 9 5. Land Disposition, Redevelopment and Rehabilitation........ 9 6. Cooperation Agreements..... ...... .............. ....... .................. ...10 7. Other Project Undertakings and Activities.10 G. Project Financing........... 10 H. Changes in Approved Plan.... 12 I. Minor Variations 12 Exhibits A. Legal Description B. Area Map C. Conditions Survey D. Southern Firestone Urban Renewal Area Weld County Impact Report 1 A. Introduction The Firestone Town Board of Trustees established the Firestone Urban Renewal Authority (FURA or Authority) on July 9, 2009 by Resolution 09-22. FURA has prepared this Urban Renewal Plan to eliminate and prevent conditions of blight in the urban renewal area (Area) and to facilitate redevelopment in accordance with the Firestone Master Plan. The Urban Renewal Plan (Plan) for the Firestone Urban Renewal Project (Project) has been prepared pursuant to the provisions of the Urban Renewal Law of the State of Colorado, Part 1 of Article 25 of Title 31, C.R.S., as amended (Act). The legal description of the Area within the Town is set forth in Exhibit A. The general location of the area is shown in Exhibit B. The administration of the Project and the implementation of the Plan shall be the responsibility of FURA. B. Summary of Eligibility Criteria 1. Conditions Survey The Firestone Town Board directed the preparation of a Conditions Survey covering the proposed Area. This was completed on September 16, 2009. The purpose of the Conditions Survey was to establish whether conditions of blight, as defined in the Act, exist in the survey area. The Conditions Survey dated September 16, 2009, is attached as Exhibit C. 2. Summary of Conditions Survey The Conditions Survey shows there is a presence of adverse physical conditions sufficient to meet criteria established in the Act. Although some portions of the Area are in adequate or sound condition, there exist deteriorated and substandard conditions throughout the study area as a whole, which supports a finding that the Area is a blighted area as defined in the Act. The conclusion of this study is based on the following summary of conditions found in the Area and described in the Conditions Survey: (a) : Deteriorating or deteriorated structures and buildings identified as unsafe or unsanitary were observed within the Area. (b): Conditions of defective or inadequate faulty street layout existed throughout the Area. Conditions that exist concerning defective street included problems associated with poor vehicular access and inadequate street and/or right-of-way layout, connections and extensions. (c) Faulty lot layout is not currently known to exist in the Area. 2 (d) Unsanitary or unsafe conditions and endangerment were prevalent throughout the Area. Conditions included poorly lit or unlit areas, curb and gutter deterioration, flood hazard, numerous oil/gas facilities and undermining. (e): Deteriorating sites and other improvements were prevalent throughout the Area. Conditions included street surface deterioration, site maintenance problems, trash/debris/weeds, and a lack of landscaping. (f): Unusual topography and inadequate public improvements were evident in some areas the Area. Inadequate public improvements or utilities were nearly universal within the Area due to street pavement (and shoulder) deterioration, a lack of sidewalks, curb & gutter and other street drainage features and, most prevalent, overhead utilities. (g) Instances of defective or unusual title were not investigated for this Area. (h) Circumstances identified as endangering life or property by fire or other cause were not observed within the Study Area. (i) Buildings identified as unsafe or unhealthy for persons to work or live in because of deterioration were observed within the Area. (j) Environmental contamination is not currently known to exist in the Area. (k.5): Factors requiring high levels of municipal services or substantial physical underutilization of sites can be found on several sites throughout the Area, due to vacant land and buildings and street and drainage conditions requiring high levels of municipal maintenance. C. General Description of Urban Renewal Project The Conditions Survey identifies conditions within the Area that constitute a blighted area as defined in the Act. This Plan shall be implemented as part of a comprehensive program to eliminate blight in the Area. FURA and the Town, with the cooperation of private enterprise and other public bodies, will undertake a program to eliminate the conditions of blight identified in the Conditions Survey while implementing the goals and objectives for the area as described in the Firestone Master Plan, as amended (Master Plan). 3 D. Urban Renewal Plan Goals and Plan's Relationship to Local and Regional Objectives 1. Goals a. Implementation of the Plan will help eliminate and prevent conditions of blight in the Area. b. The Plan will implement the Master Plan and contribute to the orderly growth and development of the Town. c. Through the maximum possible participation of private enterprise and the cooperative efforts of the public sector, implementation of the Plan will eliminate and prevent economic deterioration in the Area. d. The Plan will upgrade traffic, pedestrian, and bicycle circulation and access, public utilities, recreation and drainage in the Area, while ensuring that existing and proposed development is sensitive to the surrounding residential neighborhoods. e. The Plan will eliminate and prevent blight by helping to attract capital investment and new businesses, retention and expansion of existing businesses, and development of regional markets for retail, office, and housing uses, thereby providing employment and strengthening the economic base and physical condition of the Area. f. The Plan will create a high quality image of the Town and the Area by creating an attractive visual image through the implementation of landscaping, design and streetscape improvements. g. Implementation of the Plan will provide for the redevelopment of the Area and promote improvements of properties in the Area. h. Success of the Plan will provide a catalyst for further improvements and potential redevelopment of residential areas adjacent to the Area. i. The Plan will promote a wide array of housing choices, from affordable housing to luxury housing within the Area. 4 2. Relationship to Local and Regional Objectives a. The Plan will promote and encourage private enterprise to upgrade and invest in commercial, retail and housing developments in the Area, an objective of the Master Plan and the Act. b. The Plan will implement the provisions of the Town's master drainage and flood improvement program, which is part of regional efforts to control flooding and promote a comprehensive drainage program to serve the entire region but especially areas along the Firestone Trail in the vicinity of Grant Avenue and First Street. c. Implementation of the Plan is consistent with regional and local efforts to create public/private partnerships to comply with the Act. d. The Plan will provide a means of mitigating land use conflicts with adjoining areas through the implementation of adopted planning and design standards for public and private improvements. e. The Plan promotes the development and expansion of safe and adequate pedestrian access, public transportation, and enhances the access to the Firestone Trail and connecting regional trail system. f. The Plan encourages additional transportation alternatives to increase safety, access, and alternatives for residents and visitors. Specific project improvements towards this end may include without limitation installation or upgrading of traffic, pedestrian, and bicycle circulation and access improvements. 3. Relationship to Master Plan The Town has adopted the Master Plan (most recent revision 2008) to guide development and redevelopment of the Town, including the Area. This Plan conforms to the Master Plan and advances the goals and objectives of the Master, including, without limitation, the following specific goals and objectives of the Master Plan (language from components of the Plan is taken verbatim): A transportation system that is properly designed and constructed to meet the current needs of the existing traffic volumes. • A comprehensive and unified parks and trails system. Firestone is a pedestrian and non -motorized connected community, where one can 5 walk to work, home or service centers on a comfortable and convenient trail system. • Effective and efficient public safety and security. Without public safety, Firestone citizens and employees cannot be free to enjoy their benefits of their community. "Four-sided" architecture along major streets and visual corridors. A "world class" Central Park campus that inspires national and international recognition as a Civic, Cultural and Community Center. • Superior recreational facilities, including the Firestone Sports Complex. • A balanced approach to a blend of housing and commercial opportunities. • An equal number of available jobs to employable citizens. • A focus on a comprehensive "cradle" to "grave" land use and community system where all components of the life cycle are considered and accommodated. • A community where the freedom to worship is fully embraced. A specific focus on the senior segments of the Firestone community to assure that they are appropriately considered in land use and community decisions. If optimized, the senior population can bestow valuable leadership and wisdom that comes from experience of time. Proper transition and integration between different types of land uses. Convenient access to a wide variety of retail goods and services. Down cast lighting and strategies to effectively preserve the "night sky". • Low, but appropriate taxes. • Stable political leadership. • A tangible and inspired sense of community. 6 E. Land Use Regulations and Building Requirements 1. Land Uses Excluding public rights -of -way, the majority of the property in the Area is zoned as Planned Unit Development District (PUD) under Title 17 of the Firestone Municipal Code. Permitted land use categories and associated development standards are described in the Firestone Development Regulations. For the one development that is not zoned PUD within the Area, it will be subject to the development standards specific in Title 17 for the zoning district it is within. FURA may in conformance with the Act adopt additional design standards and development requirements applicable to properties in the Urban Renewal Area. 2. Development Processing Applications for development permits will comply with applicable Town requirements and will be subject to public hearings before the Planning Commission and Town Board for approval of Outline Development Plans, Preliminary Development Plans, Preliminary Plats and Final Development Plans and Final Plats. The Plan encourages a comprehensive and unified plan to promote and encourage high quality development of the Area by private enterprise. F. Project Activities 1. Land Acquisition In order to carry out this Plan, the Authority may exercise any and all of its rights and powers under the Act and any other applicable law, ordinance, or regulation, except as limited herein. The Authority may acquire any interest in property by any manner available, including, the exercise of the power of eminent domain for property already devoted to public use, property owned by oil and gas companies or property owned by utility companies, all subject to the requirements of the Act. a. The activities and undertakings that constitute the Project described in the Plan shall be commenced no later than seven years from the date the Plan is approved by the Town Board. b. Not later than the commencement of the negotiation of an agreement for redevelopment or rehabilitation of property acquired or to be acquired by eminent domain, the Authority must provide notice and invite proposals for redevelopment or rehabilitation from all property owners, residents, and owners of business concerns located on the property acquired or to be 7 acquired by eminent domain in the Area by mailing notice to their last known address of record. The Authority may also at the same time invite proposals for redevelopment or rehabilitation from other interested persons who may not be property owners, owners of business concerns, or residents within the Area, and may provide public notice thereof by publication in a newspaper having a general circulation within the Town. c. In the case of a set of parcels to be acquired by the Authority in connection with the Project, at least one of which is owned by a public entity, property owned by oil and gas companies or utility company owner refusing or rejecting an agreement for the acquisition of the entire set of parcels, the Authority must make a determination that the redevelopment or rehabilitation of the remaining parcels is not viable under the Plan without the parcel at issue. d. Acquisition of any property by eminent domain shall be for the purpose of preventing or eliminating conditions of blight without regard to the economic performance of the property to be acquired. e. The Plan meets the requirements of the Act and the principal public purpose for adoption of the Plan is to facilitate redevelopment of the Area in order to eliminate or prevent the spread of a blighted area as defined in the Act. f. The Town Board has found that the Plan meets the requirements of the Act, and the principal public purpose for adoption of the Plan is to facilitate redevelopment of the Area in order to eliminate or prevent the spread of a physically blighted area as defined in the Act. 2. Relocation It is not anticipated that acquisition of real property by FURA will result in the relocation of any individuals, families, or business concerns. However, if such relocation becomes necessary, FURA shall adopt a relocation plan in conformance with the Act and consistent with specific objectives which will be identified in that plan. The Commission shall adopt its relocation plan(s) before any individuals, families or business concerns are relocated. 8 3. Demolition, Clearance and Site Preparation The Authority may demolish and clear those structures and other improvements from property it acquires pursuant to this Plan. The Authority may provide rough and finished site grading and other site preparation services as part of a comprehensive redevelopment program. 4. Property Management During such time as any property is owned by the Authority, such property shall be under the management and control of the Authority and may be rented or leased by it pending disposition for redevelopment or rehabilitation. 5. Land Disposition, Redevelopment, and Rehabilitation Purchasers or owners of property within the Area will be obligated to develop, redevelop, or rehabilitate such property in accordance with the provisions of the Plan. The Authority may dispose of property it acquires by means of a reasonable competitive bidding procedure it establishes in accordance with the Act and pursuant to redevelopment agreements between the Authority and such purchaser. Disposition of property by the Authority shall conform with the requirements of the Act. The Authority may also enter into owner participation agreements with property owners in the Area for the development, redevelopment or rehabilitation of their property. Such agreements will provide for the participation and assistance that the Authority may provide to such owners. All such redevelopment, owner participation and other agreement shall contain, at a minimum, provisions requiring: a. Compliance with the Act, the Plan and applicable Town Codes and Ordinances and development regulations; b. Covenants to begin and complete development, construction or rehabilitation of both public and private improvements within a period of time deemed to be reasonable by the Authority; c. The legal and financial ability of the owner or redeveloper to redevelop or rehabilitate the property; 9 d. The financial commitments of each party (but nothing herein shall obligate the Authority to make any financial or other commitment to any party or transaction). 6. Cooperation Agreements For the purposes of planning and implementing this Plan and the Project, the Authority may enter into one or more cooperation agreements with the Town or other public bodies. Without limitation, such agreements may include provisions for Project financing and implementation; administrative assistance; personnel matters and services; design, location and construction of public improvements; allocation or revenues, and any other matters required to carry out the Plan and the Project. It is recognized that cooperation with the Town, other municipalities and other public and private bodies may be required to coordinate such issues as the design, construction and timing of public and private improvements within and outside of the Area to properly and efficiently carry out the goals and objectives of this Plan. Cooperation agreements addressing such issues are deemed necessary and incidental to the planning and execution of the Project. 7. Other Project Undertakings and Activities Other Project undertakings and activities as authorized by the Act and deemed necessary by the Authority to carry the Plan may be undertaken and performed by the Authority directly or pursuant to agreements with other parties or public bodies in accordance with the authorization of the Act and any and all applicable laws. G. Project Financing The Authority is authorized to finance this Project by any method authorized by the Act or any other applicable law, including without limitation, appropriations, loans or advances from the Town; federal loans and grants; state loans and grants; interest income; pay as you go arrangements; annual appropriation agreements; agreements with public and private parties or entities; sale of securities; property and sales tax increments; loans, advances and grants from any other available source, any which method may be utilized either independently or in combination with any one or more other methods. Allocation of any municipal sales tax increments shall require approval by resolution of the Town Board of Trustees. Any and all financing methods legally available to the Town, the Authority, any private developer, redeveloper or owner may be used to refinance in whole or in part any and all costs, including without limitation, the cost of public improvements, described or anticipated in the Plan or in any manner related or 10 incidental to redevelopment of the Area. Such methods may be combined to finance all or any part of the Project. Any financing method authorized by the Plan, the Act, or any applicable law may be used to pay the principal of and interest on and to establish reserves for indebtedness (whether funded, refunded, assumed or otherwise) incurred by the Authority or the Town to refinance the project in whole or in part. The Authority is authorized to issue notes, bonds or any other financing instruments or documents in amounts sufficient to finance all or part of the Project. The Authority is authorized to borrow funds and to create indebtedness in carrying out this Plan. The principal, interest and any premiums due on or in connection with such indebtedness may be paid from tax increments or any other funds available to the Authority. The Project may be financed by the Authority under the tax allocation financing provisions of the Ad. Under the tax allocation method of financing the Project, property taxes levied after the effective date of the approval of this Plan upon taxable property in the Area each year by or for the benefit of any public body or all or a portion of municipal taxes collected within the Area, or both such taxes, shall be divided for a period not to exceed twenty-five (25) years after the effective date of the adoption of this tax allocation provision, as follows: 1. Base Amount That portion of the taxes which are produced by the levy at the rate fixed each year by or for each such public body upon the valuation for assessment of taxable property in the Area last certified prior to the effective date of approval of the Plan or, as to an area later added to the Area, the effective date of the modification of the Plan, and, subject to the Town Board approval, that portion of municipal sales taxes collected within the boundaries of the Area in the twelve-month period ending on the last day of the month prior to the effective date of the approval of the Plan, or, in the case of municipal sales taxes, both such portions, shall be paid into the funds of each such public body as are all other taxes collected by or for said public body. 2. Increment Amount That portion of said property taxes in excess of such base amount or, subject to Town Board approval, that portion of said municipal sales taxes in excess of such base amount, or both, shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of, the interest on, and any premiums due in connection with the bonds of, loans or advances to, or indebtedness incurred by (whether funded, refunded, assumed or otherwise) the Authority for financing or refinancing, in whole or 11 in part, the Project or, if approved, to fund an agreement pursuant to section 31-25-107(11) of the Act. Unless and until the total valuation for assessment of the taxable property in the Area exceeds the base valuation for assessment of the taxable property in the Area, all of the taxes levied upon taxable property in the Area shall be paid into the funds of the respective public bodies. Unless and until all or the relevant part of the municipal sales tax collections in the Area exceed the base year municipal sales tax collections in the Area, all such sales tax collections shall be paid into the funds of the Town. When such bonds, loans, advances and indebtedness, including interest thereon and any premiums due in connection therewith, have been paid, all taxes upon the taxable property in the Area shall be paid into the funds of the respective public bodies and all such municipal sales tax collections in the Area shall be paid into the funds of the Town. The increment portion of the taxes, as described in subparagraph (II), may be irrevocably pledged by the Authority for the payment of the principal of, the interest on, and any premiums due in connection with such bonds, loans, advances and indebtedness incurred by the Authority to finance the Project. The report to the Board of County Commissioners of Weld County required by C.R.S. 31-25-107 (3.5) of the act is attached as Exhibit D. H. Changes in Approved Plan This Plan may be modified pursuant to the provisions of the Act governing such modifications, including 31-25-107, C.R.S. I. Minor Variations The Authority may in specific cases allow minor variations from the provisions of the Plan if it determines that a literal enforcement of the provisions of the Plan would constitute an unreasonable limitation beyond the intent and purposes of the Plan. 12 EXHIBIT A LEGAL DESCRIPTION FIRESTONE URBAN RENEWAL AREA Prepared: October 12, 2009 Being those portions of Sections 17, 18, 19, 20, 29, and 30 of Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado, more particularly described as follows: HART PARK (WEST SIDEI A tract of land located in the Northwest Quarter of the Northeast Quarter of Section 30, T2N, R67W of the 6`h P.M., Town of Firestone, County of Weld, State of Colorado, described as follows: Considering the North line of said Northeast Quarter as bearing South 90°00'00" East and with all bearings contained herein relative thereto: Commencing at the Northwest corner of said Northeast Quarter, the TRUE POINT OF BEGINNING of this description; thence along said North line South 90°00'00" East 330.00 feet to the Northwesterly corner of the Globe Addition to the Town of Firestone; thence along the boundary of the said Globe Addition South 00°38'37" East 660.00 feet, and again North 90°00'00" West 330.00 feet to the Westerly line of said Northeast Quarter, and to the Easterly boundary of the Town of Firestone according to the Replat of the Town of Firestone recorded May 1, 1974 at Reception No. 1635587, of the records of Weld County, State of Colorado; thence along the said Westerly line of the Northeast Quarter and the said Easterly boundary of the Town of Firestone North 00°38'37" West 660.00 feet to the Point of Beginning. The above described tract contains 5.0 acres more or less and is subject to all easements and rights -of - way now existing or of record. Together with; HART PARK (EAST SIDE' All that area described as public open space and Grant Avenue road right-of-way as described in the Amended Annexation Map of Globe Addition recorded May 17, 1978 at Reception No. 1753702, of the records of Weld County, State of Colorado. Together with; 1 GLOBE SUBDIVISION FIRST FILING All public road right-of-ways conveyed to the Town of Firestone as described in the Final Plat of Globe Subdivision First Filing recorded May 17, 1978 in Book 832 at Reception No. 1753703, of the records of Weld County, State of Colorado. Together with; GLOBE SUBDIVISION SECOND FILING All public road right-of-ways conveyed to the Town of Firestone as described in the Final Plat of Globe Subdivision Second Filing recorded November 1, 1978 in Book 850 at Reception No. 1771614, of the records of Weld County, State of Colorado. Together with; THE ZADEL RANCH, COMMERCE VILLAGE All of the First Street North public road —right-of-way, and Grant Avenue road right-of-way conveyed to the Town of Firestone, and Lot 1 as described in the Final Plat of The Zadel Ranch, Commerce Village recorded September 29, 1982 at Reception No. 01905061, of the records of Weld County, State of Colorado. Together with; THE ZADEL RANCH, WESTWIND VILLAGE All public road right-of-ways and two 20' public access, utility and drainage parcels conveyed to the Town of Firestone as described in the Final Plat of The Zadel Ranch, Westwind Village recorded June 15, 1978 in Book 835 at Reception No. 1756842, of the records of Weld County, State of Colorado. Together with; FIRESTONE MUNICIPAL COMPLEX All real property owned by the Town of Firestone as described in the Land Survey Plat of Firestone Municipal Complex recorded March 29, 1999 at Reception No. 2683175, of the records of Weld County, State of Colorado. Together with; TOWN OF FIRESTONE (Old Town} All public road right-of-ways and alleys conveyed to the Town of Firestone and the West half of Lot 14, Block 2 and Lots 15-20, Block 2 and Lots 1-16, Block 3 and Lots 7-8, Block 15 and Lots 21-32, Block 15 as described in the Replat of the Town of Firestone recorded May 1, 1974 at Reception No. 1635587, of the records of Weld County, State of Colorado. Together with; 2 TOWN OF FIRESTONE (Block 4 Alley) All real property conveyed to the Town of Firestone as described in the deed in Book 1526, Page 787 at Reception No. 2471381, of the records of Weld County, State of Colorado. Together with; TOWN OF FIRESTONE (McClure Avenue Parcel) All real property conveyed to the Town of Firestone as described in the deed in Book 1641, Page 517, of the records of Weld County, State of Colorado. Together with; FIRESTONE TRAIL (SECTION 301 All of Parcel No. 6 owned by the Town of Firestone as described in the Quit Claim Deed recorded March 19, 1997 at Reception No. 2538622, of the records of Weld County, State of Colorado. Together with; FIRESTONE TRAIL (SECTION 191 All real property owned by the Town of Firestone as described in the Annexation Map of Firestone Trail First Annexation recorded March 2, 1999 at Reception No. 2676869, of the records of Weld County, State of Colorado. Together with; RUSSELL SUBDIVISION — AMENDED PLAT All public road right-of-ways and alleys conveyed to the Town of Firestone as described in the Final Plat of Russell Subdivision —Amended Plat recorded March 6, 1968 in Book 592 at Reception No. 1513855, of the records of Weld County, State of Colorado. Together with; RUSSELL SUBDIVISION — SECOND FILING All public road right-of-ways and alleys conveyed to the Town of Firestone and Lot 10, Block 3 as described in the Final Plat of Russell Subdivision Second Filing recorded May 15, 1969 in Book 609 at Reception No. 1531392, of the records of Weld County, State of Colorado. Together with; ADVANCED FORMING TECHNOLOGY — MINOR PLAT All of Lot 1, Lot 2, Lot 3, and Tract A as described in the Minor Plat of Advanced Forming Technology recorded November 6, 2000 at Reception No. 2805045, of the records of Weld County, State of Colorado. Together with; 3 AMENDED TIMBERLAND SUBDIVISION — FIRST FILING All public road right-of-ways conveyed to the Town of Firestone and Outlot A as described in the Final Plat of Amended Timberland Subdivision — First Filing recorded February 11, 1998 at Reception No. 2593849, of the records of Weld County, State of Colorado. Together with; TIMBERLAND SUBDIVISION — SECOND FILING All public road right-of-ways and Outlot A conveyed to the Town of Firestone as described in the Final Plat of Timberland Subdivision — Second Filing recorded April 8, 1998 at Reception No. 2605095, of the records of Weld County, State of Colorado. Together with; TEETS ANNEXATION NO. 1 All real property as described in the Annexation Map of Teets Annexation No. 1 recorded July 21, 1997 at Reception No. 2558855, of the records of Weld County, State of Colorado. Together with; THE OVERLOOK AT FIRESTONE. REPLAT "A" All public road right-of-ways and Outlot A conveyed to the Town of Firestone and Tract 1 as described in the Final Plat of The Overlook at Firestone, Replat "A" recorded March 15, 2000 at Reception No. 2755702, of the records of Weld County, State of Colorado, except for the southerly 10 feet of McClure Avenue right-of-way vacated by the Town of Firestone as described in the Final Plat of The Overlook at Firestone, Replat "B" recorded July 9, 2001 at Reception No. 2863948, of the records of Weld County, State of Colorado. Together with; THE OVERLOOK AT FIRESTONE. FILING NO. 2 All public road right-of-ways and Outlot B conveyed to the Town of Firestone as described in the Final Plat of The Overlook at Firestone, Filing No. 2 recorded May 24, 2001 at Reception No. 2851137, of the records of Weld County, State of Colorado. Together with; THE OVERLOOK AT FIRESTONE. REPLAT "C" All public road right-of-ways conveyed to the Town of Firestone as described in the Final Plat of The Overlook at Firestone, Replat "C" recorded June 18, 2003 at Reception No. 3073958, of the records of Weld County, State of Colorado. Together with; 4 FIRESTONE VILLAS SUBDIVISION All public road right-of-ways, Outlot A, Outlot B and Outlot C conveyed to the Town of Firestone and Lots 7-19, Block 1 and Lots 7-12, Block 2 and Lots 1-6, Block 3 and Lots 1-8, Block 4 as described in the Final Plat of Firestone Villas Subdivision recorded August 20, 2007 at Reception No. 3498266, of the records of Weld County, State of Colorado. Together with; SADDLEBACK VISTAS All real property as described in the Outline Development Plan of Saddleback Vistas recorded October 5, 2001 at Reception No. 2890111, of the records of Weld County, State of Colorado. Together with; FIRESTONE SAFEWAY All of Lot 2 and Lot 3 as described in the Final Plat of Firestone Safeway recorded February 28, 2001 at Reception No. 2828882, of the records of Weld County, State of Colorado. Together with; SADDLEBACK ESTATES A tract of land located in the Southwest One -Quarter of Section 19, Township 2 North, Range 67 West of the Sixth Principal Meridian, County of Weld, State of Colorado, described as follows: Commencing at the Southwest corner of said Section 19, from which the South One -Quarter corner of said Section 19 bears N89°40'09"E, 2472.66 feet; Thence N89°40'09"E 804.40 feet along the South line of the Southwest One -Quarter of said Section 19 to the Southeast corner of the Zadel Ranch, Commerce Village; Thence N00°52'30"W 319.57 feet along the Easterly line of said the Zadel Ranch, Commerce Village to a point of curve to the right thereof; Thence Northerly 53.61 feet along the arc of said curve and along the Easterly line of said the Zadel Ranch, Commerce Village to a point of tangent thereof, said arc having a radius of 507.62 feet, a central angle of 06°03'03", and being subtended by a chord that bears N02°09'02"E 53.58 feet; Thence N05°10'33"E 114.12 feet along the Easterly line of said the Zadel Ranch, Commerce Village to a point of curve to the left thereof; Thence Northerly, 59.94 feet along the arc of said curve and along the Easterly line of said the Zadel Ranch, Commerce Village to a point of tangent thereof and the True Point of Beginning, said point also being the Northwest corner of that tract of land conveyed to the Town of Firestone as described in 5 Special Warranty Deed recorded June 15, 1992 in Book 1339 as Reception No. 2291849, of the records of Weld County, Colorado, said arc having a radius of 567.62 feet, a central angle of 06°03'03", and being subtended by a chord that bears N02°09'02"E 59.92 feet; Thence N00°52'30"W 1105.80 feet along the Easterly line of said the Zadel Ranch, Commerce Village; Thence 561°23'48"E, 736.15 feet; Thence 556°42'08"E, 667.37 feet; Thence 508°50'10"E, 659.27 feet to the Northerly Right -of -Way line of the Coal Ridge Irrigation Canal conveyed to Northern Colorado Water Conservancy District as described in instrument recorded December 6, 1955 in Book 1436 at Page 442 of the records of Weld County, Colorado; Thence 584°31'09"W, 162.90 feet along the Northerly Right -of -Way line of said Coal Ridge Irrigation Canal; Thence 509°30'32"W, 263.79 feet to the South line of the Southwest One -Quarter of said Section 19; Thence 589°40'09"W, 530.72 feet along the South Line of the Southwest One -Quarter of said Section 19 to the Southeast corner of that tract of land described in said Book 1339 as Reception No. 2291849, said point described as being Westerly 1106.52 feet along the South line of the Southwest One -Quarter of said Section 19 from the Southwest One -Quarter corner of said Section; Thence N00°52'49"W, 546.57 feet along the East line of that tract of land as described in said Book 1339 as Reception No. 2291849 to the Northeast corner thereof; Thence 589°40'09"W, 543.67 feet along the North line of that tract of land as described in said Book 1339 as Reception No. 2291849 to the Northwest Corner thereof and the True Point of Beginning. Contains 29.08 acres more or less. Basis of Bearing: The South line of the Southwest 'A Section 19, Township 2 N., Range 67 W. of the 6TH Principal Meridian, Weld CO., Colorado is assumed to bear N89°40'09"E. Together with; SADDLEBACK P.U.D. A tract of land located in the N 34 of Section 19, T2N, R67W of the 6th P.M., Town of Firestone, County of Weld, State of Colorado, described as follows: BEGINNING at the N''/° Corner of said Section 19, from which the Northwest Corner of said Section 19, bears 589°59'35"W, 2387.90 feet (Basis of Bearing), thence 589°59'35"W, 2208.09 feet along the North 6 Line of the NW'/. of said Section 19 to the Easterly Right-of-way Line of the Former Union Pacific Railroad conveyed to the Union Pacific Railroad Company as described in Warranty Deed recorded June 13, 1910, in Book 320 at Page 187 of the records of Weld County, Colorado; Thence S00°52'37"E, 1207.59 feet along the Easterly Right-of-way Line of said Former Union Pacific Railroad to a point from which the Northwest Corner of that tract of land conveyed to The Weld County Tri-Area Sanitation District as described in Court Decree recorded May 31, 1968, in Book 595 as Reception No. 1517031 of the records of Weld County, Colorado, bears 500°52'37"E, 583.37 feet along the Easterly Right-of-way Line of said Former Union Pacific Railroad, said point also being an angle point of Parcel A of Saddleback Golf Course conveyed to Coal Ridge Management, Inc. as described in Bargain and Sale Deed recorded December 13, 2000, as Reception No. 2813046 of the records of Weld County, Colorado; The following courses and distances are along the Northerly Line of said Parcel A of Saddleback Golf Course: Thence 555°09'54"E, 197.36 feet; thence 500°00'00"E, 80.00 feet; thence S55°09'54"E, 304.22 feet; thence 538°52'55"E, 467.85 feet; thence 561°32'37"E, 523.03 feet; thence N31°50'07"E, 967.17 feet to the most Southerly Corner of Parcel C of Saddleback Golf Course as described at said Reception No. 2813046; The following courses and distances are along the Westerly Line of said Parcel C of Saddleback Golf Course: Thence N29°13'07"E, 143.45 feet; thence N12°17'39"E, 107.46 feet; thence N36°03'32"E, 33.42 feet; thence N54°06'01"E, 105.25 feet to an angle point of said Parcel A of Saddleback Golf Course, also being the most Westerly Corner of Parcel D of Saddleback Golf Course as described at said Reception No. 2813046; The following courses and distances are along the Northerly Line of said Parcel D of Saddleback Golf Course: Thence N54°06'01"E, 75.01 feet; thence N80°33'53"E, 314.32 feet to the Northerly Line of said Parcel A of Saddleback Golf Course; The following courses and distances are along the Northerly Line of said Parcel A of Saddleback Golf Course: Thence N75°33'24"E, 209.97 feet; thence N64°35'44"E, 227.29 feet; thence S84°37'34"E, 789.20 feet; thence S20°09'33"E, 200.39 feet; thence S57°42'50"E, 196.33 feet to the most Westerly Corner of Parcel E of Saddleback Golf Course as described at said Reception No. 2813046; The following courses and distances are along the Northerly Line of said Parcel E of Saddleback Golf Course: Thence 572°22'06"E, 288.32 feet; thence S57°55'19"E, 468.28 feet to the Northerly Line of said Parcel A of Saddleback Golf Course; 7 The following courses and distances are along the Northerly Line of said Parcel A of Saddleback Golf Course: Thence 565°49'08"E, 415.95 feet; thence N88°08'30"E, 154.74 feet at right angles from the East Line of the NE % of said Section 19 to the East Line of the NE''/. of said Section 19; Thence leaving the Northerly Line of said Parcel A of Saddleback Golf Course, N01°51'30"W, 1669.50 feet along the East Line of the NE % of said Section 19 to the Northeast Corner of said Section 19; Thence N89°58'18"W, 2635.37 feet along the North Line of the NE Y° of said Section 19 to the N '/. Corner of said Section 19 and the POINT OF BEGINNING, excepting there from Lot 24 Block 1 and Lot 14 Block 2 as described in the Final Plat of Saddleback First Filing recorded June 30, 2005 at Reception No. 3299165, of the records of Weld County, State of Colorado. Together with; SADDLEBACK FIRST FILING All real property and public right -or -ways, except Lot 24 Block 1 and Lot 14 Block 2, as described in the Final Plat of Saddleback First Filing recorded June 30, 2005 at Reception No. 3299165, of the records of Weld County, State of Colorado. Together with; THE RESERVE A tract of land located in the Southeast Quarter Section 19, T2N, R67W of the 6`' P.M., Town of Firestone, County of Weld, State of Colorado, described as follows: BEGINNING at the South line of Section 19, whence South 89°40'59" West, 927.28 feet; thence along the Easterly line of The Zadel Ranch, Westwind Village Subdivision North 00°19'01" West, 421.00 feet; thence North 33°00'00" West, 252.84 feet to a point on the Easterly Right -of -Way line of the South Platte Supply Canal; thence along said Easterly R.O.W. the following (4) courses; Thence North 59°34'26" East 23.95 feet; Thence North 17°14'09" East 241.81 feet; Thence North 49°05'09" East 525.90 feet; Thence North 73°39'09" East 317.10 feet; Thence leaving said Easterly R.O.W. line North 88°00'00" East, 179.90 feet; thence South 02°00'00" East, 708.21 feet; thence South 43°00'00" East, 753.00 feet; thence South 00°10'01" East, 50.00 feet to a point on the South line of Section 19; thence South 89°40'59" West, 1372.18 feet to the point of BEGINNING, containing 28.049 acres, more or less. Together with; 8 FIRESTONE RETAIL CENTER All of Lot 2, Lot 4 and Lot 5 as described in the Final Plat of Firestone Retail Center recorded July 30, 2004 at Reception No. 3204318, of the records of Weld County, State of Colorado. Together with; FIRESTONE RETAIL CENTER, REPLAT NO. 1 All of Lot 1 and Tract A as described on the plat of Firestone Retail Center, Replat No. 1 recorded December 29, 2008 at Reception No. 3596794, of the records of Weld County, State of Colorado. Together with; SADDLEBACK GOLF COURSE All real property as described in the Bargain and Sale Deed recorded December 13, 2000 at Reception No. 2813046, of the records of Weld County, State of Colorado. Together with; GRANT AVENUE All existing and proposed public right-of-way known as, or to be known as, Grant Avenue, being more particularly described as follows; Commencing at the Northwest Corner of Section 30, Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado and considering the North Line of the Northwest/. of said Section 30 to bear S 89°09'19" E a distance of 2,472.68 L.F. to the North % Corner of Said Section 30, with all bearings herein relative thereto; Thence S 89°09'19" E 30.00 a distance of L.F. to the Point of Beginning. Thence, the right-of-way being 50' north and 30' south of a portion of the North Line of the Northwest 'A of Section 30 from the Point of Beginning and then S 89°09'19" E a distance of 2,442.68 L.F. to the North ''A Corner of Section 30. Thence, the right-of-way being 50' north and 50' south of the North Line of the Northeast ''/° of Section 30 from the North ''A Corner of Section 30 and then S 89°08'41" E a distance of 2,640.83 L.F. to the Northeast Corner of Section 30. Thence, the right-of-way being 50' north and 50' south of the North Line of the Northeast 'A of Section 29 from the Northeast Corner of Section 30 and then S 89°08'25" E a distance of 2,628 L.F. to the North ''A Corner of Section 29. Thence, the right-of-way being 50' north and 30' south of the North Line of the Northeast 'A of Section 29 from the North 'A Corner and then S 89°20'36" E a distance of 2,630.03 L.F. to the Northwest Corner of Section 29 and the Point of Terminus. 9 Together with; PINECONE AVENUE (West) All existing and proposed public right-of-way known as, or to be known as, Pinecone Avenue, being more particularly described as follows; Commencing at the Northwest Corner of Section 19, Township 2 North, Range 67 West of the 6`" Principle Meridian, Town of Firestone, Weld County, Colorado and considering the North Line of the Northwest Y4 of said Section 19 to bear S 88°49'53" E a distance of 2,387.92 L.F. to the North34 Corner of Said Section 19, with all bearings herein relative thereto; Thence S 88°49'53" E a distance of 30.00 L.F. to the Point of Beginning. Thence, the right-of-way being 30' north and 60' south of a portion of the North Line of the Northwest 34 of Section 19 from the Point of Beginning and then S 88°49'53" E a distance of 2,357.92 L.F. to the North '/4 Corner of Section 19. Thence, the right -off -way being 60' north and 60' south of the north line of the Northeast Y4 of Section 19 from the North % Corner S 88°47'59" E a distance of 2,635.42 L.F. to the Northeast Corner of Section 19 and the Point of Terminus. Together with; PINECONE AVENUE (East) All existing and proposed public right-of-way known as, or to be known as, Pinecone Avenue, being more particularly described as follows; Beginning at the Northwest Corner of Section 20, Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado and considering the North Line of the Northwest 1/4 of said Section 20 to bear N 89°01'20" E a distance of 2,597.64 L.F. to the North''/4 Corner of Said Section 20, with all bearings herein relative thereto; Thence, the right-of-way being 30' north and 50' south of a portion of the North Line of the Northwest''/4 of Section 20 from the Northwest Corner N 89°01'20" E a distance of 2,629.67 L.F. to a point on the North Line of the Northwest 1/4. Thence, the right-of-way being 49' north and 50' south of a portion of the North Line of the Northwest 'A of Section 20 from the previous point N 89°01'20" E a distance of 1,948.30 L.F. to the North 34 Corner of Section 20. Thence, the right-of-way being 49' north and 50' south of a portion of the North Line of the Northeast 'A of Section 20 from the North 'A Corner N 88°15'05" E a distance of 1,315.49 L.F. to a point on the North Line of Northeast M. 10 Thence, the right-of-way being 30' north and 30' south of a portion of the North Line of the Northeast 'A of Section 20 from the previous point N 88°15'05" E a distance of 1,284 L.F. to the Point of Terminus, being N 88°15'05" E a distance of 30.00 L.F. from the Northeast Corner of Section 20. Together with; FRONTIER STREET All existing and proposed public right-of-way known as, or to be known as, Frontier Street, being more particularly described as follows; Beginning at the East X Corner of Section 30, Township 2 North, Range 67 West of the 6th Principle Meridian, Town of Firestone, Weld County, Colorado and considering the East Line of the Northeast X of said Section 30 to bear N 00°22'04" E a distance of 2,640.58 L.F. to the Northeast Corner of Said Section 30, with all bearings herein relative thereto; Thence, the right-of-way being 60' west and 60' east of a portion of the East Line of the Northeast''/. of Section 30 from the East'/. Corner N 00°22'04" E a distance of 645.90 L.F. to a point on the East Line of the Northeast X. Thence, the right-of-way being 30' west and 60' east of a portion of the East Line of the Northeast''/. of Section 30 from the previous point N 00°22'04" E a distance of 528.00 L.F. to a point on the East Line of the Northeast 'A. Thence, the right-of-way being 60' west and 60' east of a portion of the East Line of the Northeast''/. of Section 30 from the previous point N 00°22'04" E a distance of 1,466.68 L.F. to the Northeast Corner of Section 30. Thence, the right-of-way being 60' west and 60' east of the East Line of the East Y: of Section 19 from the Northeast Corner of Section 30 N 00°41'27" W a distance of 5,261.92 L.F. to the Northeast Corner of Section 19 and the Point of Terminus. END OF EXHIBITA 11 m F- m 2 x w J a Oz< CO CC CC cZa LLm cc D OCTOBER 2009 J Z mw CC Z cig EXHIBIT C Southern Firestone Conditions Survey Town of Firestone, Colorado Prepared for: Firestone Town Board of Trustees September 16, 2009 Table of Contents 1.0 Introduction 1.1 Definition of Blight 1.2 Study Methodology 1.3 Report Format 2.0 Area Overview and Description 2.1 Study Area Description 2.2 Study Area Context 2.3 Existing Land Use and Zoning Districts 1 1 2 3 3 3 3 3 3.0 Determination of Study Area Conditions 3 3.1 Building Conditions 4 3.1.1 Slum, Deteriorated or Deteriorating Structures (a) 4 3.2 Site Conditions 4 3.2.1 Defective or Inadequate Street Layout (b) 5 3.2.2 Faulty Lot Layout (c) 6 3.2.3 Unsanitary or Unsafe Conditions (d) 6 3.2.4 Deterioration of Site or Other Improvements (e) 7 3.3 Unusual Topography or Inadequate Public Improvements or Utilities (f) 7 3.4 Endangerment from Fire or Other Causes (h) 8 3.5 Unsafe or Unhealthy Building Conditions (i) 8 3.6 Environmental Contamination (j) 8 3.7 High Municipal Service Level Demands or Underutilized Sites (k.5) 8 4.0 Summary of Findings and Recommendations 9 Attachments A. Study Area Map B. Field Survey C. Condition Maps D. Field Invetory 1.0 Introduction The Southern Firestone Conditions Survey ("Survey') was prepared for the Firestone Town Board of Trustees. The purpose of this Survey was to analyze conditions within a defined area located within the Town of Firestone in order to determine whether factors contributing to blight are present and whether the specific study area ("Study Area") is eligible as an urban renewal area under the provisions of Colorado State Statutes. The boundaries of the Study Area generally included properties shown in Attachment A: Study Area Map. Larger development properties are referenced by their annexation or subdivision name. Establishment of an urban renewal area will allow Firestone, through its urban renewal authority, to use designated powers to eliminate conditions constituting blight by assisting in the redevelopment of properties and improvements within its boundaries. This Survey represents an important step towards achieving specific goals set out in the Firestone Master Plan. An important component of future redevelopment in the area will be identification of development programs, which effectively leverage public investment, as well as funding mechanisms for necessary infrastructure improvements. 1.1 Definition of Blight Redevelopment and investment within the Study Area may be accomplished through implementation of an urban renewal plan. The first step in this process is to determine if the area qualifies as a "blighted area" eligible for urban renewal. Determination that an area constitutes a blighted area is a cumulative conclusion attributable to the presence of several physical, environmental, and social factors defined by state law. Blight is attributable to multiple conditions, which in combination, tend to accelerate the general deterioration of an area. For purposes of this survey, the definition of a blighted area is as articulated in the Colorado Urban Renewal Law, as follows: "Blighted area" means an area that, in its present condition and use and, by reason of the presence of at least four of the following 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: (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; 1 (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; (k.5) 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; or (I) If there is no objection of such property owner or owners and the tenant or tenants of such owner or owners, if any, to the inclusion of such property in an urban renewal area, "blighted area" also means an area that, in its present condition and use and, by reason of the presence of any one of the factors specified in paragraphs (a) to (k.5) of this subsection (2), 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. For purposes of this paragraph (I), the fact that an owner of an interest in such property does not object to the inclusion of such property in the urban renewal area does not mean that the owner has waived any rights of such owner in connection with laws governing condemnation. Source: Colorado Revised Statute 31-25-103(2). Since this definition pertains generally to all sites in an area, it is important to clarify its application to the Study Area. According to state law, it is unnecessary for every condition of blight to be present in an area in order for it to be eligible for urban renewal status. Rather, an area qualifies as blighted when four or more conditions are present (or five conditions, in cases requiring the use of eminent domain). In addition, conditions need not be present on each parcel, but must exist within the Study Area as a whole. With this understanding, this Survey presents an overview of conditions within the Study Area sufficient to make a determination of blight. The Summary of Findings presented in the last section provides conclusions regarding the analysis and presence of blight in key areas; however, the Firestone Board of Trustees will make a final determination of blight based on the extent to which conditions constitute a liability for the Study Area. 1.2 Study Methodology The Survey includes a detailed analysis of site and public improvement deterioration. Qualifying blight conditions throughout the Study Area were identified and analyzed on an area -by -area basis to produce maps showing blight conditions present in the Study Area. Nickerson Company, LLC, conducted field investigations from March to June of 2009, to document conditions within the categories of blight set out in the state statute. The following data was researched and analyzed including pertinent Geographic Information Systems (GIS) and reference data was obtained from the Town's database, Denver Regional Council of Governments (DRCOG), Weld County, Federal Emergency Management 2 Agency, U.S. Department of the Interior U.S. Geological Survey, State of Colorado Mined Land Reclamation Division Subsidence Protection Program and the Colorado Oil & Gas Conservation Commission. Additional supplemental information was obtained through meetings and interviews with Town staff, as well as other experts on local and regional market conditions. 1.3 Report Format The Survey is presented in four sections and an Attachments section. Section 1.0 presents an overview of the project, a definition of "blight," and the Study methodology. Section 2.0 provides a description of the Study Area and an overview of existing conditions. Section 3.0 defines the primary categories of blight and documents specific conditions, which are present within each category. Section 4.0 summarizes the findings from the research. Attachment A, shows the Study Area Map. Attachment B, shows the Field Inventory analysis. Attachment C includes maps of areas exhibiting conditions contributing to blight, as well as an area -by -area synthesis of qualifying conditions found during the field survey. Attachment D shows various reference documents and related information. 2.0 Area Overview and Description This section provides a description of the StudyArea and an overview of existing conditions. 2.1 Study Area Description As described above, the Survey addresses properties shown on Attachment A: Study Area Map. The Study Area comprises approximately 680 acres, all within the Firestone corporate limits. 2.2 Study Area Context The Study Area generally contains a mix of public, underdeveloped commercial and single family residential areas in the southern portion of the Town of Firestone. 2.3 Existing Land Use and Zoning Districts Zoning designations within the Study Area include C-2, C -M (commercial, industrial), R-1 (low density residential) and Planned Unit Development with the Residential A (R -A), Residential B (R -B), Residential C (R -C), Open Space and Neighborhood Center (NC) land use categories. 3.0 Determination of Study Area Conditions Significant findings of the Survey are based on a review of documents, reports, interviews, field surveys, and analyses conducted from March 2009 through June 2009. 3 Field surveys occurred at various times throughout this period and at different times of the day in order to observe a variety of conditions. Properties and buildings, along with public improvements adjacent to the properties, were evaluated and deficiencies noted. As previously explained, the purpose of this study was to determine whether conditions of blight, as defined by the Colorado State Statute, exist in the Study Area. Consistent with the statute, the principal categories reported here, and in line with the statute, include: building conditions, site conditions, unusual topography or inadequate public improvements, endangerment from fire or other causes, unsafe or unhealthy work/ live conditions, environmental contamination, and high municipal requirements or site underutilization. 3.1 Building Conditions 3.1.1 Slum, Deteriorated and Deteriorating Structures (a) Condition (a): Slum, Deteriorated and Deteriorating Structures This section summarizes the on -site investigations of deterioration within the Study Area. The condition of deteriorating or deteriorated structures was primarily established through field survey work and observation of exterior physical conditions among the areas within the Study Area. No interior inspections were conducted. Building deterioration rating criteria considered included the categories noted in Attachment B. The only key example of property affected by Condition (a) is shown in the noted photos. The facilities shown in Onorato Park are deteriorating or are substandard. 3.2 Site Conditions The evaluation of site conditions is divided into four categories according to the definition of blight: defective or inadequate street layout; faulty lot layout; unsanitary or unsafe conditions; and, deterioration of site or other improvements. Representative conditions among each category of site deterioration are described as follows: 4 Condition (b): Defective or Inadequate Street Layout - Conditions typically associated with defective street layout include: poor vehicular access and/or internal circulation; substandard driveway definition and parking layout (e.g. lack of curb cuts, awkward entrance and exit points); offset or irregular intersections; and, substandard or nonexistent pedestrian circulation. Condition (c): Faulty Lot Layout - Conditions typically associated with faulty lot layout include: faulty lot shape and/or layout, inadequate lot size, problematic lot configuration for conformity of use. Poor access is also considered to be an indicator of faulty lot layout. Condition (d): Unsanitary or Unsafe Conditions — Conditions typically considered unsanitary or unsafe include: poorly lit or unlit areas; cracked or uneven sidewalks; poor drainage; environmental contamination; buildings located within a floodplain; uneven grading or steep slopes; and, the existence of trash, debris, weeds, abandoned vehicles, a high incidence of reported crime, graffiti or other forms of vandalism or vagrant activity. Additionally, a greater than normal existence of oil and gas facilities and undermining can contribute to an unsafe condition, unless an extra effort is extended to assess or to safely accommodate their existence. Condition (e): Deterioration of Site or Other Improvements — Site conditions typically considered to be substandard or undesirable include: the presence of billboards, neglected properties, and unscreened trash or mechanical storage areas; deterioration of parking surfaces; lack of landscaping; and other general site maintenance problems. Each of these conditions of blight, as they apply to the Study Area, are discussed separately in the following paragraphs. 3.2.1 Defective or Inadequate Street Layout (b) As described above, there are several conditions used to determine whether a study area is blighted based on faulty street layout. During numerous on -site investigations and field surveys, these conditions were observed throughout the Study Area. The most pervasive street conditions found in the Study Area were related to substandard vehicular access posed by insufficient access and facilities. Specific examples include: The absence of McClure Street from First Street to Weld County Road 13; the absence of a paved Frontier Street from McClure Street to Pine Cone Avenue; the absence of a paved Grant Avenue from the eastern end of Hart Park to east of the Saddleback Hills development, and the off -set connection of First Street with Johnson and Dunmire Streets. Attachment C includes a map of parcels affected by these conditions, and a parcel -by -parcel synthesis of qualifying conditions found during the field survey. 5 3.2.2 Faulty Lot Layout (c) There are specific conditions that can be used to determine whether a Study Area is blighted based on faulty lot layout. Among these conditions are lot shape, layout and size, as well as lot layout in relation to conformity of use. On -site investigations and field surveys, review of public records and discussions with Town staff, suggest that these conditions are generally not found throughout the Study Area. 3.2.3 Unsanitary or Unsafe Conditions (d) There are several locations within the Study Area exhibiting unsanitary or unsafe conditions. The most prevalent Study Area conditions considered unsanitary or unsafe include: poorly lit or unlit areas at Onorato Park: the accommodation of an extraordinary amount of oil and gas facilities in the Saddleback Hills and Overlook areas, hazard in the western portions of the Study Area and undermining throughout. See the reference materials in Attachment D. 6 3.2.4 Deterioration of Site or Other Improvements (e) A variety of blight conditions were observed within the Study Area related to the deterioration of the site and non - primary improvements. These conditions, which negatively affect the appearance and utilization of the area, most commonly include park equipment and street and alley surfacing. 3.3 Unusual Topography or Inadequate Public Improvements or Utilities Unusual topography is considered, in this study, to exist on parcels with steep slopes or undulating terrain. The condition of inadequate public improvements or utilities is said to exist in areas with deteriorating street surfaces, overhead utilities, a lack of sidewalks, curb and gutter deterioration, inadequate street lighting, and/or a lack of water, sewer or storm sewer service. Because the Study Area has significant grade in limited areas, there are few instances of unusual topography. However, some instances can be found primarily along drainage ditches and Grant Avenue near Saddleback Hills. Another condition related to inadequate public improvements involves street pavement deterioration and a lack of paved streets and related street dranage which is found through out the Study Area. Other instances of inadequate public improvements across many other parcels in the Study Area stem from the lack of adequate sidewalks and absence of overhead street lighting. Taken together, some sub -category of inadequate public improvements can be found on all but a few parcels within the Study Area. Attachment C includes a map of parcels exhibiting parcels exhibiting either unusual topography or inadequate public improvements or utilities on an area -by -area synthesis 7 of qualifying conditions found during the field survey. 3.4 Endangerment From Fire or Other Conditions Endangerment from fire or other conditions also exists, due to the risk of flood, on parcels that lie within the 100 -year flood plain. As mentioned previously under Condition (d), a number of areas are affected by this condition, as indicated on the map and in the field inventory and as referenced in Attachment D. Attachment C includes a map of parcels exhibiting this condition, and an area -by -area synthesis of qualifying conditions found during the field survey. 3.5 Unhealthy or Unsafe Building Conditions No buildings in the Study Area appeared to meet this criteria. 3.6 Environmental Contamination No area in the Study Area appeared to meet this criteria. 3.7 High Municipal Service Level Demands or Underutilized Sites This statutory category considers two different conditions that can impact the welfare of an area. Sites (in this case parcels) exhibiting "health, safety, or welfare factors requiring high levels of municipal services" may include areas of high crime or repeated fire code violations. Areas characterized by "substantial physical underutilization or vacancy of sites, buildings, or other improvements" may include vacant lots, parcels with vacant structures, or parcels for which the value of its improvement is disproportionately small in relation to the land value. Underutilization of parcels, as evidenced by site or building vacancy, was considered as an indication of this condition. In addition, parcels adjacent to intersections with unusually high rates of traffic accidents are considered to require "high levels of municipal services" due to "safety" factors under the statute. The Study Area includes a number of areas with either vacant land or vacant buildings. These properties are considered underutilized for the purposes of this analysis. Additionally, unpaved alleys # located in the Study Area require a high demand for municipal maintenance as they are unpaved. Attachment B provides an area -by- area synthesis of qualifying conditions found during the field survey and Attachment C includes 8 a map of areas exhibiting this condition. 4.0 Summary of Findings and Recommendations The presence of blight "...substantially impairs or arrests the sound growth of the municipality, retards the provision of housing Iaccommodations, or constitutes an economic or social liability, and is a menace to the public health, safety, morals, or welfare..." [Colorado Revised Statute 31-25-103(2)] It is the conclusion of this survey that within the Study Area, as described in this report, there is the presence of adverse physical conditions sufficient to meet criteria established in the state statute. Although some portions of the Study Area are in adequate or sound condition, there exist deteriorated and substandard conditions throughout the Study Area as a whole, which could lead the legislative body to a finding that this area is blighted. The conclusion of this study is based on the following summary of qualifying conditions found in the Study Area and described in this report. Town staff did not perform a title search on any properties within the Study Area, therefore Condition G (defective or unusual title rendering property unmarketable) was not identified. (a) and (0: Deteriorating or deteriorated structures and buildings identified as unsafe or unsanitary were observed within the Study Area. (b): Conditions of faulty street layout existed throughout the Study Area. Conditions that did exist concerning defective street included problems associated with poor vehicular access and inadequate street and/or right-of-way layout, connections and extensions. (c) Faulty lot layout is not currently known to exist in the Study Area. (d) Unsanitary or unsafe conditions and endangerment were prevalent throughout the Study Area. Conditions included poorly lit or unlit areas, curb and gutter deterioration, flood hazard, numerous oil/gas facilities and undermining. (e): Deteriorating sites and other improvements were prevalent throughout the Study Area. Conditions included street surface deterioration, site maintenance problems, trash/debris/weeds, and a lack of landscaping. (f): Unusual topography and inadequate public improvements were evident in some areas the Study Area. Inadequate public improvements or utilities were nearly universal within the Study Area due to street pavement (and shoulder) deterioration, a lack of sidewalks, curb & gutter and other street drainage features and, most prevalent, overhead utilities. (g) Instances of defective or unusual title were not investigated for this analysis. (h) Such circumstances identified as unsafe or unsanitary were not observed within the Study Area. 9 (i) Such circumstances identified as unsafe or unsanitary is not currently known to exist in within the Study Area. (j) Environmental contamination is not currently known to exist in the Study Area. (k.5): High municipal services level demand or site underutilization can be found on several sites throughout the Study Area due to vacant land and buildings and street and drainage conditions requiring high levels of municipal maintenance. (I) Not Applicable to study. Six of the 11 possible qualifying blight conditions specified by the state statute were found in the Study Area. Table 1 summarizes blight qualifying conditions present in the Study Area. Table 1 Southern Firestone Conditions Survey - Summary of Findings Blight Qualifying Conditions Study Area (a) yes (b) yes (c) no Source: Town staff analysis. (d) yes (e) yes (f) yes (g) na (h) no (I) no a) no (k 5) (I) yes na (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; (k.5) 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 improvement (I) Not Applicable to study. 10 Attachment A Southern Firestone Conditions Survey PINE CONE AVE SADDLEBACK P.U.D. SADDLEBACK GOLF COURSE SEC. 19 SADDLEBACK ESTATES HA'T PA K to zo ?AM$ :444,1 no tint iir. I.a L:. Nino;^.g DY 4` etM N <+Sk �.TtT 4S A i�w 41 i •.tl t d sfY Ei I. -1, FS 1 .3'@ THE RESERVE GRANT AVE THE OVERLOOK AT FIRESTONE ADVANCED FORMING TECHNOLOGY 7EETS SEC. 20 TEETS II NOT TO SCALE Attachment B - 6 ff y sy id ; $• i uo,R24.Wapufl aIS a�uapcui 4..34&H .,,,,,,.....v.,„„,,..,„ , Di Z %ate elu0Q S00p22eH • € •' 1 i 3 t A211 S ; aKsufl so I ej,6.pwg swalW,d +.Ries ae aluaw ura03 snot enH t A 2, I d • WeidP0olj iJuaD��W au1�„ OH samua ewo3 snoprereH SwalQO,d Alain Ia j 1 g ( 1 A I i i y b aaeue,fy,a.as w,0IS a0wa$,a.aSJNIIM safa,,xS to+pt1 "l1r'lf1 peaWa0p 6u446.1 Ioa Is raan99WO, lua,uaaed Rang Ue„al Roan() o Sad0iS , , E V I6ude,apuel e 1 0 f 0 45e1 ao.imS A.Ved s....„,....,,,,„.,,i eweualueW„.,..N ewapad a6¢ufas4 spe0ane to awxa,dl j i r 1 2 v 'upe,uN,s4epuaajsW e,6en al l 0,0ut aamo 441H SaleN j seat() salllN0A pauppu00I 6uwawapuf7 Irulu140ayONw,1 pauaareury wWgS Waa7S!6u'pe* p,e2e,4 p00larueldP001j a8e , t,o ,00d sasewuelu00 srap,02eH slla.X.S u0,91111 w ore* ••••,,I WWO ,o vi A000a , • g. I e •2rS 01 0Ienbapeui ssavry,elnaiN A, InOAe1 ,0 (WINS 101 WWI. I n ; •w ] A,O1LH 1uapl0y )ya,L pxpuelsanS fnoAel 6unped sampaolu0.10 aQm, !Rea° upp!Imn31¢u,alul ffaS3V e,fogo4 IL u r pa. 9 O Ie yyi 2 a A • sO,nl]n,IS ,a1110 sempfsIRAAAsaruuea luauMmb31011 ary satlels3 anysAeo e1S t 000 9 Opu0JM saeslulj wuau3 s1rMWsu(OQR,aun"J up7epura SV(OS exej sle M 1�Zi C d o Z O W, CD m r t G) f/q2 U lL • o • Y o F . O I, a _ • r v t a G c n 3 '754 N Q N b C o f i � � O$ t 2 7p{ 9 0 O :1, o'. 4 u. 60. l7V6 IX >01 ow e Attachment C Southern Firestone Conditions Survey k>NE CONE AVE Sall,, C L NIFS P'Fr_ N i NOT TO BCALL Attachment C Southern Firestone Conditions Survey vE�L 0; ,„ nf67ONE I HOT TO WALE Attachment C Southern Firestone Conditions Survey N I NOT TO KALE Attachment C Southern Firestone Conditions Survey N.NE CONE 1:1 ?,PANT A`JE IHF VVERI 00K !i FIFES TOOL SEC. 20 N NOT TO SC4,E Attachment C Southern Firestone Conditions Survey t•1 hr4724 R •rod." r.4£Y w.• .a 44.1.11-1 N 1 NOT TO ',CUE Attachment C Southern Firestone Conditions Survey !NE CONE AVE N CADE; FA/ k f' .U.U. f7 i yf?l dfirt Z.7 F/RG IVN[ lOnla i51 r, '771717i al AD✓ANGEL' FOR..ON6 7EC.'1q'F COY NOT TO RCAF Attachment C Southern Firestone Conditions Survey JNL AVE .VF OvrF7 riOk Al FtRC?ONI Tr IT MCA- TO ncue Attachment C Southern Firestone Conditions Survey 1 Attachment C Southern Firestone Conditions Survey NE CON t, ( r ii sr NOl TO RCN., Attachment C Southern Firestone Conditions Survey SADDLEBACK <.Es WT TO WALE Attachment D FIRM FLOOD INSURANCE RATE MAP TOMS FIRESTONE. COLORADO '/ILO (OrAT` ONLY PANEL PRINlm CLUSONIIF IINEL NUMBER 010241 0001 0 IMEPIYE 011E OLB(M01A 16 1010 Attachment D Source: Colorado Oil & Gas Conservation Commission n N A N M1 m .. 0 M N N r i] t0 Attachment D Southern Firestone Urban Renewal Area Weld County Impact Report Town of Firestone, Colorado October 16, 2009 1.0 Introduction This report outlines the anticipated impact of the proposed Southern Firestone Urban Renewal Plan (Plan) on Weld County (County). A map of the Southern Firestone Urban Renewal Area (Area) is shown as Exhibit A. A copy of the Plan is forwarded concurrently with this report. This report responds to the requirements outlined in C.R.S. 31-25-107 (3.5): C.R.S. 31-25-107: APPROVAL OF URBAN RENEWAL PLANS BY THE LOCAL GOVERNING BODY (3.5) "[P]rior to the hearing on an urban renewal plan...the governing body or the authority shall also submit an urban renewal impact report, which shall include, at a minimum, the following information concerning the impact of such plan: I. The estimated duration of time to complete the urban renewal project; II. The estimated annual property tax increment to be generated by the urban renewal project and the portion of such property tax increment to be allocated during this period to fund the urban renewal project; III. An estimate of the impact of the urban renewal project on county revenues and on the cost and extent of additional county infrastructure and services required to serve development within the proposed urban renewal area, and the benefit of improvements within the urban renewal area to existing county infrastructure; IV. A statement setting forth the method under which the authority or the municipality will finance, or that agreements are in place to finance, any additional county infrastructure and services required to serve development in the urban renewal area for the period in which all or any portion of the property taxes described in subparagraph (ii) of paragraph (a) of subsection (9) of this section and levied by a county are paid to the authority; and V. Any other estimated impacts of the urban renewal project on county services or revenues. 2.0 Summary of Urban Renewal Plan The following information provides a summary of the Southern Firestone Urban Renewal Plan. 2.1 Development Program The proposed development program for the Area is consistent with current policy documents and plans for the Town of Firestone as may be amended from time to time. The anticipated redevelopment and development program over the next 25 years is summarized in Table 1. Table 1: Southern Firestone Urban Renewal Plan Proposed Development Program Dwelling Units Sq. Feet Residential, Single Family 1,650 Residential, Multi -Family 2,210 Employment (Industrial/Office) 600,000 Commercial (Retail) 360,000 Total 3,860 1,960,000 2.2 Development Timing The development timetable for the proposed program presented above will ultimately be determined by prevailing market conditions. A critical component of the analysis presented in this report is the assumption that key parcels within the Area will be redeveloped or developed into a mix of residential, employment and commercial land uses. For the purposes of this analysis, it was assumed that redevelopment and new development in the Area would be substantially completed during the 25 -year analysis period. 2.3 Development Assumptions and Calculations In order to assess the fiscal impacts to Weld County, a variety of land use and development assumptions have been made. These assumptions and related calculations are shown in Exhibits B through F. All the various properties in the Area were analyzed for development and redevelopment potential, including zoning, physical characteristics and proximity to infrastructure. The percentage of open space, residential densities and floor area ratios for non-residential development were consistent with typical development that has occurred in Firestone. For all land use categories reviewed in the Area, the ultimate development potential was generally consistent with the growth totals shown in Table 1. All calculations shown are in 2009 dollar values. 2 Exhibit B identifies growth and revenue projections for the development of single family residential land uses in the Area. Past growth trends in this product type were reviewed and a conservative 3.7 percent annual growth rate was projected for the Town through the year 2035. As this total growth is on a Town wide basis, the percentage of this growth assumed to be developed in the Area, with the benefits arising from the Plan, was 30 percent. The total annual projected single family residential dwelling unit amount is shown on Exhibit B. The average market value for each single family residential dwelling unit was projected to be $250,000. At the County's current mill levy of 16.804 mills and an assessed value rate of 7.96% each home would yield the County $324 annually in property tax revenue. The annual value and cumulative value of the number of annually developed single family dwelling units times the County property tax rate is shown. For reference, Exhibit B also shows the total current property tax rate of 94.143 mills (which includes the County's mill levy) calculated in the same manner. In these and other calculations of total mill levy shown on other exhibits, the mill levies for the few Title 32 special districts that were approved by the Firestone Town Board to provide localized improvements in specific developments was not included in the total property tax rate. Exhibit C identifies growth and revenue projections for the development of multi -family residential land uses in the Area. Past growth trends for residential development were reviewed and a conservative 3.7 percent was projected for the Town through the year 2035. As this total growth is on a Town wide basis, the percentage of this growth assumed to be developed in the Area, with the benefits arising from the plan, was 20 percent. However, because the Town's growth rate is primarily for single-family residential dwelling units, the number of multi -family units was adjusted by a factor of two to account for the size and velocity of absorption of this product type. The total annual projected multi -family residential dwelling units are shown on Exhibit C. The market value for each multi -family residential dwelling unit was projected to be $175,000. At the County's current mill levy of 16.804 mills and an assessed value rate of 7.96% each unit would yield the County $234 annually in property tax revenue. The annual value and cumulative value of the number of annually developed multi -family dwelling units times the County property tax is shown. For reference, Exhibit C also shows the total current property tax rate of 94.143 mills (which includes the County's mill levy) calculated in the same manner, again exclusive of mill levies for the few Title 32 special districts. Exhibit D shows the calculations for the anticipated employment (industrial/office) and commercial (commercial/office/retail) land uses in the Area. Historic data on the ratio of Firestone population to square feet of employment and commercial lands uses were calculated. For employment, there are 88 square feet and for commercial, there are 79 square feet per Firestone resident. These values were multiplied by the population projections from new residential development in the Area to create an annual absorption rate for both employment and commercial land uses in the Area. The continued growth of commercial land uses was suspended in 2030, as it appeared that the total square footage of that land use was exceeding appropriate land use locations and projected amounts. This is accounted for by the fact that some of the commercial land uses that relate to Firestone population growth are more regional in nature and found closer to I- 3 25. Exhibit E identifies growth and revenue projections for the development of employment and commercial land uses in the Area. At the County's current mill levy of 16.804 mills and an assessed value rate of 29% each square foot of employment and commercial development would annually yield the County $0.54 and $0.63 in property tax revenues respectively. Exhibit E shows the annual and cumulative County tax revenue for employment and commercial land uses in the Area. Exhibit E also shows the total property tax at rate of 94.143 mills (which includes the County's mill levy) calculated in the same manner. Exhibit F provides a summary of all the land uses and associated County and total property tax revenues on an annual and cumulative basis. 2.4 Property Tax Revenue The current base County property tax revenue for the Area is approximately $56,951. Based on assumptions and calculations shown in Exhibits B throught F, the incremental County tax revenue that would be deferred during the 25 year term of the Plan would be $1,442,000. After the 25 -year term, the County would receive approximately $139,000 annually from the Area. 2.5 Sales Tax Revenue Weld County does not have a sales tax and thus no sales tax revenue would be allocated to the Firestone Urban Renewal Authority under the Plan. 2.6 County Services / Infrastructure Because the entire Area is located within the Town of Firestone's municipal boundaries, there is anticipated to be a minimal impact on County services. Infrastructure impacts associated with the proposed development program are assumed to be financed by the Town of Firestone with increment revenues or some combination of increment dollars, grants, general fund dollars, special district dollars or other sources. Impacts to the County's general government services could increase in the general area due to an increase in non-residential and residential development, but such impacts should also be relatively insignificant and more than offset by the increase in value realized by properties contiguous to the Plan Area. 3.0 Conclusion In conclusion, the impact of the reinvestment project on County revenues and on the cost and extent of additional County infrastructure and services required to serve development within the proposed reinvestment area does not appear to require any additional County infrastructure to serve development in the Area. Additionally, the Town does not contemplate that the County will have to provide any public improvements or services to serve development within the Area. Finally, any additional demands (direct or indirect) on County services due to a general increase in population 4 within the Area should be more than offset (as are all other such costs) by increases in the base assessed value due to the periodic adjustment in the base assessment roll, as well as increases in property value located in proximity to the Area. 5 J Q W OzC wCC Cc z< LL m CC D OCTOBER 2009 mzwCC W CC z —e Exhibit B Single Family Residential Tax Revenue Rates and Values Year Total DUs Annual Growth Rate Annual FS DUs Percent DUs in FURA Annual FURA DUs County Tax Per DU Annual County Tax Total Tax Per DU Annual Total Tax 2010 3,600 3.7% 133 2011 3,733 3.7% 138 30.0% 41 324 13,426 1,873 77,614 2012 3,871 3.7% 143 30.0% 43 324 13,923 1,873 80,486 2013 4,015 3.7% 149 30.0% 45 324 14,438 1,873 83,464 2014 4,163 3.7% 154 30.0% 46 324 14,972 1,873 86,552 2015 4,317 3.7% 160 30.0% 48 324 15,526 1,873 89,755 2016 4,477 3.7% 166 30.0% 50 324 16,101 1,873 93,076 2017 4,643 3.7% 172 30.0% 52 324 16,696 1,873 96,519 2018 4,814 3.7% 178 30.0% 53 324 17,314 1,873 100,091 2019 4,992 3.7% 185 30.0% 55 324 17,955 1,873 103,794 2020 5,177 3.7% 192 30.0% 57 324 18,619 1,873 107,634 2021 5,369 3.7% 199 30.0% 60 324 19,308 1,873 111,617 2022 5,567 3.7% 206 30.0% 62 324 20,022 1,873 115,747 2023 5,773 3.7% 214 30.0% 64 324 20,763 1,873 120,029 2024 5,987 3.7% 222 30.0% 66 324 21,531 1,873 124,470 2025 6,208 3.7% 230 30.0% 69 324 22,328 1,873 129,076 2026 6,438 3.7% 238 30.0% 71 324 23,154 1,873 133,852 2027 6,676 3.7% 247 30.0% 74 324 24,011 1,873 138,804 2028 6,923 3.7% 256 30.0% 77 324 24,899 1,873 143,940 2029 7,180 3.7% 266 30.0% 80 324 25,821 1,873 149,266 2030 7,445 3.7% 275 30.0% 83 324 26,776 1,873 154,788 2031 7,721 3.7% 286 30.0% 86 324 27,767 1,873 160,516 2032 8,006 3.7% 296 30.0% 89 324 28,794 1,873 166,455 2033 8,303 3.7% 307 30.0% 92 324 29,859 1,873 172,613 2034 8,610 3.7% 319 30.0% 96 324 30,964 1,873 179,000 2035 8,928 3.7% 330 30.0% 99 324 32,110 1,873 185,623 Total 1,658 537,079 3,104,780 Notes 1 FS stands for Firestone. 2 DU stands for dwelling unit. 3 FURA stands for the Firestone Urban Renewal Area. 4 Total Taxes stands for all property tax collected in the area from all governments, except as noted. 5 Projections are estimates only. 6 Tax revenue is shown in dollars. Exhibit C Multi -Family Residential Tax Revenue Rates and Values Year Total DUs Annual Growth Rate Annual FS DUs Percent DUs in FURA Annual FURA DUs Adj. FURA Dus County Tax Per DU Annual County Tax Total Tax Per DU Annual Total Tax 2010 3,600 3.7% 133 2011 3,733 3.7% 138 20.0% 28 55 234 6,464 1,311 72,435 2012 3,871 3.7% 143 20.0% 29 57 234 6,704 1,311 75,115 2013 4,015 3.7% 149 20.0% 30 59 234 6,952 1,311 77,894 2014 4,163 3.7% 154 20.0% 31 62 234 7,209 1,311 80,776 2015 4,317 3.7% 160 20.0% 32 64 234 7,476 1,311 83,765 2016 4,477 3.7% 166 20.0% 33 66 234 7,752 1,311 86,864 2017 4,643 3.7% 172 20.0% 34 69 234 8,039 1,311 90,078 2018 4,814 3.7% 178 20.0% 36 71 234 8,336 1,311 93,411 2019 4,992 3.7% 185 20.0% 37 74 234 8,645 1,311 96,867 2020 5,177 3.7% 192 20.0% 38 77 234 8,965 1,311 100,451 2021 5,369 3.7% 199 20.0% 40 79 234 9,296 1,311 104,168 2022 5,567 3.7% 206 20.0% 41 82 234 9,640 1,311 108,022 2023 5,773 3.7% 214 20.0% 43 85 234 9,997 1,311 112,019 2024 5,987 3.7% 222 20.0% 44 89 234 10,367 1,311 116,163 2025 6,208 3.7% 230 20.0% 46 92 234 10,751 1,311 120,461 2026 6,438 3.7% 238 20.0% 48 95 234 11,148 1,311 124,919 2027 6,676 3.7% 247 20.0% 49 99 234 11,561 1,311 129,541 2028 6,923 3.7% 256 20.0% 51 102 234 11,989 1,311 134,334 2029 7,180 3.7% 266 20.0% 53 106 234 12,432 1,311 139,304 2030 7,445 3.7% 275 20.0% 55 110 234 12,892 1,311 144,458 2031 7,721 3.7% 286 20.0% 57 114 234 13,369 1,311 149,803 2032 8,006 3.7% 296 20.0% 59 118 234 13,864 1,311 155,346 2033 8,303 3.7% 307 20.0% 61 123 234 14,377 1,311 161,094 2034 8,610 3.7% 319 20.0% 64 127 234 14,909 1,311 167,054 2035 8,928 3.7% 330 20.0% 66 132 234 15,460 1,311 173,235 Total 5,526 2,210 258,594 2,897,574 Notes 1 FS stands for Firestone. 2 DU stands for dwelling unit. 3 FURA stands for the Firestone Urban Renewal Area. 4 Adj. stands for adjusted. 5 Total Tax stands for all property tax collected in the area from all governments, except as noted. 6 Projections are estimates only. 7 Tax revenue is shown in dollars. Exhibit D Employment and Commercial Growth Rates Year Annual FURA SF DUs Pop. Per SF DU SF Annual Pop. Annual FURA MF DUs Pop. Per MF DU MF Annual Pop. Comb. Annual Pop. Emp. SF Per Pop. Annual Emp. Absop. Corn. SF Per Pop. Annual Corn. Absop. 2011 29 2.75 80 52 1.8 94 173 88 15,255 79 13,695 2012 30 2.75 83 54 1.8 97 180 88 15,814 79 14,196 2013 31 2.75 85 56 1.8 101 186 88 16,372 79 14,698 2014 32 2.75 88 58 1.8 104 192 88 16,931 79 15,200 2015 33 2.75 91 60 1.8 108 199 88 17,490 79 15,701 2016 34 2.75 94 62 1.8 112 205 88 18,049 79 16,203 2017 35 2.75 96 64 1.8 115 211 88 18,608 79 16,705 2018 36 2.75 99 67 1.8 121 220 88 19,325 79 17,348 2019 37 2.75 102 69 1.8 124 226 88 19,884 79 17,850 2020 38 2.75 105 72 1.8 130 234 88 20,601 79 18,494 2021 40 2.75 110 74 1.8 133 243 88 21,402 79 19,213 2022 41 2.75 113 77 1.8 139 251 88 22,119 79 19,857 2023 43 2.75 118 80 1.8 144 262 88 23,078 79 20,718 2024 44 2.75 121 83 1.8 149 270 88 23,795 79 21,362 2025 46 2.75 127 86 1.8 155 281 88 24,754 79 22,223 2026 48 2.75 132 89 1.8 160 292 88 25,714 79 23,084 2027 49 2.75 135 93 1.8 167 302 88 26,589 79 23,870 2028 51 2.75 140 96 1.8 173 313 88 27,548 79 24,731 2029 53 2.75 146 100 1.8 180 326 88 28,666 79 25,734 2030 55 2.75 151 103 1.8 185 337 88 29,625 2031 57 2.75 157 107 1.8 193 349 88 30,743 2032 59 2.75 162 111 1.8 200 362 88 31,860 2033 61 2.75 168 115 1.8 207 375 88 32,978 2034 64 2.75 176 119 1.8 214 390 88 34,338 2035 66 2.75 182 124 1.8 223 405 88 35,614 Total Notes 1 DU stands for dwelling unit. 2 FURA stands for the Firestone Urban Renewal Area. 3 Pop. stands for population. 4 SF stands for single family residential 5 MF stands for multi -family residential 6 Emp. stands for employment land uses 7 Corn. Stands for commercial land uses 8 Projections are estimates only. 9 Tax revenue is shown in dollars. 597,150 360,880 N a) CD C co co a) co co 7 co X �U a) U v c co C w E r.O a 6E W Annual Total Tax 94,382 CO on CO N m V m N 0 104,753 m o N c6 O— W VD (D r 115,127 O CO V) Oc. 123,020 127,456 132,411 00 7 W (0 Co 142,782 CO r N n 7 153,153 W CO O m LOW 10 O Ln v 170,439 177,355 N M N O CO VD CO Ln M 00 186,937 W — CO O CO 194,371 m m r - CO CO Annual Corn. Total Tax 48,617 50,396 W N.. r- N Ln O O m M Ln 55,739 N L/) n in 59,303 v'1 CO Ln VD 63,368 65,653 Ln O N W VD r- CO Cr O r` 73,548 75,834 .- CO CO W.— r` r• 7 CO W W M r` 'CFR CO Ln m 0- W r` Ln M CO N. Ln M r- m r` Ln M r- CO n Ln CO CO r` Ln M CO I 91,357 N. - up CO m Total Corn. Tax Per Sq. Ft. In Ln M 3.55 3.55 3.55 3.55 3.55 3.55 3.55 3.55 3.55 Ln in M Ln Ln M 3.55 3.55 3.55 3.55 3.55 Ln Ln m In N m In Ln M N Ln m In Ln M Ln Ln M Ln Ln Cr; Ln Ln M Annual Emp. Total Tax Ln CO r` Ln cr N Cr Cr r` V O .— r- m V 50,793 52,470 54,147 I 55,824 I Ln r` m r` Ln N Ln O m— in M O 00 CO CO O N v CO r` in M (0 (D cr M N m CO 71,385 N O N st- r` Cr r N` r` n CD N- m ti V V (D N OD W CO m Ln W Ln r` W W OD m N N N m O 00 Ln W CO r- (D m W CO 7 O m O N V CO u5 O Total Emp. Tax Per Sq. Ft. O O . M O O . M 3.00 0 O co 3.00 I 0 0 M 0 0 M 0 0 M 0 0 M 3.00 I 0 0 M 0 0 M 0 0 M 3.00 I 3.00 I 0 O M 3.00 0 O M 0 O M 0 O M 0 O M 3.00 O O . Co 3.00 3.00 Annual Combined Cty Tax (D (O 00 (O .- 17,483 O — W Ch r` CO r- CO M M m V Ln CO m r- 20,572 21,365 21,983 co N- n N N O O (n N V N Cr Cr N t r- Ln Ln N 1` O M O N r` (D M r` N W N Ci o5. N (D CO m m N O Ln Cr O M N Ch CO M 32,210 32,814 I 33,417 CO N O M Ln In I - M 35,444 Annual County Corn. Tax W N (O W M t(D m W O N m (D 0- Ln m N CO CO m 10,208 10,524 m NJ CO O CO N .- r- Ln (O . V Or — N O Ln N 13,052 I 13,458 I 0 O O Cr 14,543 COOCOMMCO MOO.- O LP; Ln Ln N (O r - N O r - N (O r - N O 16,213 16,213 I 16,2131 County Tax Per I Sq. Ft. 0.63 0.63 M O 0 m O 0 M VD 0 M VD 0 M VD 0 M O 0 CO O 0 M O 0 M O 0 M O 0 M CO o M O o M CO o M CO o M CO o m CO o CO O o m CO o m CO o M O o M CO 0 M CO o M CO o Annual Corn. Sq. Ft. Ln CO O ei (D CO r- I N CO O O 0 N Ln 15,701 00 C) N O Ln 0 0- O 17,348 C) Ln CO r` r- Cr m Cf W .- m .- N m ,- 1- Ln 00 m r- W n o N N O CO r- N m N N N N Ct N O M N 0 n CO M N 24,731 25,734 v M r` Ln N v M N- Ln N 25,734 25,734 25,734 25,734 Annual County Emp.Tax CO M N 05 O cr V) 05 7 CO 00 co V q- m 9,445 1 CO Cr r` m W V O 0 10,436 1 10,737 Ln N r- r` Ui Ln V V' CO 12,462 m 7 CO Ni 13,367 N CO 00 Co 14,358 CO L- CO •C O W V Ln W CO m Ln CD CO O 17,204] M t- W N- M Cr N W N M N m County Emp. Tax Per Sq. Ft. v to 6 v to 6 0.54 0.54 v LOU() 0 v o 0.54 0.54 I I 0.54 0.54 I 0.54 0.54 0.54 v in 0 v in 0 v in 0 0.54 0.54 0.54 v in 0 I 0.54 I v to 0 I 0.54 I 0.54 I 0.54 Annual Emp. Sq. Ft. Ln vl N Ln '- Cr W Ln .- N r` M O .- r M m O .- 06b`L l m CY O W ,-,- W O O W 19,325 V N W m ,- O O 0 N 21,402 22,119 CO f- O M N Ln m N- M N Cr In V N 25,714 m OD in O N W t N I- N CO (O O W N to N O m N M ' r• O.- M O (D W M r` W CO N CO I 34,338 t O In M s.., W - Ni m Cr Ln O 0- W CO O NJ r Ni N Ni M Ni V Ni Ln Ni O Ni N- Ni W Ni m N 0 CO r- M Ni Co M 01 V CO Lin CO 1- N- 0 N c0 CO 0 Y O C Ln (0 Y U Q) N c a) E C a) > O m E O •4- 03 fC a) -C Y C_ a) O U 0 O a) 0) N N X J N C _o c la CT ` o 4.J c is (I) O — O "00 O E a o a) 0 C Q Vi N o E JoE 3 E 0 `o u o N `o 0 U to 0 0 y C D • 0 ut N N Y N C C C lA N 4-1 N y O a) X Y tn N IJ-. Q C O X lO o- E O 2 to O N LL O d F N N .�. Y N Cr) 7 if) O Total Annual Tax N N. CO O O .- N N O M r- r 00 O O W t- 122,388 I 126,802 Ln Tr M .- CO .- r- N O- CO (n r r- O .- t r N Ln O CO ct r 151,431 01 01 O N- u1 t- 162,786 n Tr. O 01 CO r 175,070 t- CO C0 r CO r- 188,476 195,322 N- O Ln N O N CO CO r- O N Ln M O CO N 224,056 231,406 N O O O M N CO N O N- 7 N CO V' N LA' Ln N Annual Total Corn. Tax 13,284 O N- N- M 14,257 14,744 15,230 N. r- N. LA' r- O N CO r- 00 N 00 CO r- Ln r- M N- r- CO M O IC r- O M O CO r- O N O r- CO O O O N r- N N. O N 21,556 r- 01 M N N 23,154 O) CO O) M N N CO 0 N N CO 0 N N CO 01 N N CD 01 N N O 0 N N CD 0 N N CO O) N Annual Total Emp. Tax CO O Ln N -- N-- CO CO N 13,425 CO CO 00 M r 14,342 O O 00 <t r- 15,259 N. Tr 00 Ln r- LO O M CO r- M 01 00 CO r- 17,550 CO on W r 18,924 N r- Ln O t- OD O N O N Ln CO O r- N CO O N r- N O co Ln N N 23,506 I M O N N CO O N Ln N 26,125 I O Tr O N- N N. up r- 00 N M O N O N Annual Total MF Tax Tr CD V (O Tr O N- CD N Ln CO Cfl O O N t` 7,476 7,752 on on O CO 8,336 8,645 Ln CO CO W CD O N O O 7 CO O N- O O O N CO CO O LSL'OL O V r- r- CO Ln O CO CO 12,432 N O CO N 01 CO M M Tr CO CO M 14,377 01 O O 0 CD Tr Ln Annual Total SF Tax 77,614 CO O Tr O CO 83,464 N Ln Cn CD OD Ln Ln N.. O CO O N O M O O r- LO CO O r- CO O O O 103,794 Tr M CO N O N- r- CD r- r- 115,747 CO N O O N O N Tt R N CO N. O O N 133,852 7 O 00 O M 143,940 CO CO N O Tr CO CO N. Cn CO — Ln O CO 166,455 172,613 O O 0 O N 185,623 Total Annual Cty. Tax C0 L!) N- CD M 01 O r- O M 0 CO Tr O M 0 O O O V 42,338 N O O M Tr 00 O M Lai t fl 47,015 N 00 Ln O Tr O CD M O LO O CD N N Ln N. .- .- Ln Ln N. N CO Ln CD O N W Ln CD V Tr O CO r- M N N CO CO O O <t CO 67,344 M 7 O O C0 CO N N r- N. O Ln O M N Ln N- O CO N N CO N CD n CO N CO O CO <t O M CO xel •wop Aluno3 ienuuv 00 N O CO M Tr O N O CO N O CO N Ln O N O CO aid OD O N 10,524 CO N 01 O 11,246—I r- Ln CO - 12,104 12,510 13,052 13,458 O O O V 14,543 CO M O Lei 15,580 16,213 1 M r N C0 M r N (. M r N (.6 M r N CO M r N (0 M .- N CO Annual County Emp. Tax N M N CO O Cr Ln OD r- Cr CO N M Cr r- O Ln Cr <t 0 CO Cr N 0 CO Cr O 0 I 10,436 L£L'O L Ln N .- r- N. Ln Ln r- V' 7 O r- 12,462 01 V 00 N N CO CO M LO CO CO M CO LO M CO N. 00 Ti: O CO Tr Ln CO 01 O Ln r- 0 CO O 17,204 M r- CO N- M Tr Ln OD N M N O Annual County MF Tax V CO Tr CD V O h O N Ln CO Co CO O N N - O N Tr N- 7,752 O M O N O co CO CD Ln V CO N Ln CD CO CO CO O N O O V' CO O n CO 01 O r- O M O r- Ln N O O V .- r- r- CO u1 r- CO 00 O r- 12,432 N CO 00 N O CD M M V' CO CO M 14,377 CO O CO 7 O W Tr Ln Annual County SF Tax 13,426 13,923 14,438 N N O - 15,526 0 r- CO ----- CO 0 O CD V CO N- 17,955 O CO CO .- co O CO O r- N N O O N M O N. O N 21,531 O N M N N 23,154 r- O 7 N CO O CO TE N r- N O u) N C0 N- n CO N 27,767 28,794 O Ln 00 O N Tt O O O M O - N M s- N r- N M Tr Ln CO N- CO O O N r- N N N M N Tr N Ln N CO N N N CO N CO N O O1 r O1 N O1 M O1 Tt CO Ln O1 co co N N O co N. V' O M CD C N -0 In on 0 0) 1 Nom+ 0 O c N U N X as N O m4-1 co -O 4' T O 0 @ T czi L It C .43 O N a UO O O N10 tr2� N N 0) c— c I, E(a'c of CID EE cri O O Cr CO LU u) O 'NO 0 0 O C O) m - N Cr @ X N +' > 0 O U d g E'N X N N O ,...(5 Lo 0 Ct U D.I—I— M LAW N. CO 0) co Cu N C NC a a.) 70 a N Cr Nam C T O —E y N al O C"'4a E TthUc D 0) C `omEo o me c.° CnO)Y� Cr• 1.0 o_ T +LLLL U V) IJ Hello