HomeMy WebLinkAbout20182378.tiffIU11 \ 0l ERIE
ByFlf t� a� ilU�f,IT
June 28, 2018
Weld County
Board of County Commissioners
1150 O Street
Greeley, Colorado 80631
RE: New Town of Erie Urban Renewal Plan
Start of 120 -Day Negotiation Period
Dear Ladies and Gentlemen:
The Town of Erie Urban Renewal Authority ("TOEURA") is excited to announce that it has begun
the process of adopting a new urban renewal plan (the "Plan"). As part of the plan consideration process
and in accordance with applicable law, TOEURA is, pursuant to this letter, engaging Weld County (the
"County") in negotiations to enter into an intergovernmental agreement related to the Plan. Accordingly,
enclosed with this letter please find a copy of a draft proposed Property Tax Increment Revenue Agreement
(the "IGA") for the County's review. As more fully described in the enclosed IGA, the real property within
the proposed Plan area is located within the County.
To facilitate negotiations regarding this IGA, please contact TOEURA at the phone number or
email address below to set up a time to discuss the IGA provisions. The TOEURA can be reach at:
Town of Erie Urban Renewal Authority
Attn: Ben Pratt
Email: BPratt@erieco.gov
Phone: 303-926-2769
645 Holbrook Street, PO Box 750
Erie, CO 80516
In accordance with C.R.S. §31-25-107(9.5)(a), please note the formal negotiations have
commenced regarding the Plan and the IGA and, as such, the 120 -day negotiation period regarding the IGA
has begun as of the date of this letter.
Additionally, in compliance with C.R.S. §31-25-107(3.5)(a), please find enclosed a copy of the
draft Plan and the draft Weld County Impact Report for the Plan for your review and consideration.
Please feel free to contact us if there is anything we can provide to assist in your analysis of our
proposal in order to help TOEURA move forward. Thank you for your consideration of this request.
Attachments:
Draft Property Tax Increment Revenue Agreement
Draft Weld County Impact Report
Draft Plan
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07'/30/801$
Sincerely,
Farrell Bull rb , Interim Executive Director
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2018-2378
Interstate 25 (I-25) Urban Renewal Plan
Erie, Colorado
Draft as of 27 June 2018
Prepared for:
Town of Erie Urban Renewal Authority (TOEURA)
Town of Erie Board of Trustees
Prepared by:
RickerlCunningham
10959 Ashurst Way
Littleton, CO 80130-6967
303.458.5800 Ph
www.rickercunningham.com
Page I 1
1-25 Urban Renewal Plan
Table of Contents
Section 1.0 Introduction
1.1 Preface
1.2 Blight Findings
1.3 Urban Renewal Area Boundaries
1.4 Zoning Classifications
1 .5 Future Land Use Designations
1.6 Statutory Compliance
Section 2.0 Definitions
Section 3.0 Plan Intentions
3.1 Purpose
3.2 Approach
3.3 Implementation
Section 4.0 Blighting Conditions
Section 5.0
5.1
5.2
Plan Relationship to Community Documents
Consistency with the Comprehensive Plan
Correlation with Other Community Plans
Section 6.0 Authorized Authority Undertakings and Activities
6.1 Prepare and Modify Plans for the Area
6.2 Complete Public Improvements and Facilities
6.3 Acquire and Dispose of Properties
6.4 Enter Into Agreements
6.5 Adopt Standards
6.6 Provide Relocation Assistance
6.7 Incur and Issue Debt
6.8 Create Tax Increment Areas
Section 7.0
7.1
7.2
7.3
Project Financing
Public Investment Objective
Financial Mechanisms
Incremental Revenues
-25 Urban Renewal Plan (6.27.2018)
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9
12
13
15
16
20
2
Section 8.0
Figure 1
Figure 2
Appendices
Appendix A:
Appendix B:
Appendix C:
7.3.1 1-25 Tax Increment Area
7.3.2 New Tax Increment Areas
Severability
1-25 Urban Renewal Plan Area Map
County Road Tax Increment Area
Excerpts from the 2015 Town of Erie Comprehensive Plan Update
Excerpts from the Erie Parkway Corridor Study, 2017
I-25 TIF District Legal Descriptions) and Supporting Illustrations
I-25 Urban Renewal Plan (6.27.2018)
23
Page 3
1-25 Urban Renewal Plan
Town of Erie, Colorado
1.0 Introduction
1.1 Preface
This 1-25 Urban Renewal Plan (herein referred to as the "Plan" or "Urban
Renewal Plan") has been prepared for the Town of Erie (herein referred to as
the "Town"). Pursuant to the provisions of the Urban Renewal Law of the State
of Colorado, Part 1 of Article 25 of Title 31, Colorado Revised Statutes, 1973, as
amended (herein referred to as the "Act" or "Law"), its administration and
implementation will be carried out by the Erie Urban Renewal Authority
(herein referred to as the "Authority" or "TOEURA").
1.2 Blight Findings
Under the Act, an urban renewal area is a blighted area, which has been
designated as appropriate for an Urban Renewal Project. In order for the
Authority to exercise its powers within the area, the municipality's board or
council must find that the presence of blight, as defined by the Act,
"substantially impairs or arrests the sound growth of the municipality or
constitutes an economic or social liability, and is a menace to the public
health, safety, morals or welfare."
The 1-25 Urban Renewal Plan Area Conditions Survey (herein referred to as the
"Survey"), prepared by RickerlCunningham in April 2018, and presented to the
Authority under separate cover, demonstrates that the 1-25 Urban Renewal
Plan Area (herein referred to as the "Area", "Urban Renewal Plan Area" or "I-
25 Area"), qualifies as a blighted area under the Act. Specifically, the Survey
concluded that eight (8) of the 11 total possible factors are present at varying
degrees of intensity, but all at a level of intensity considered significantly
adverse. A list of statutory factors either observed or identified, along with a
characterization of the same, is presented below in Section 4.0.
I-25 Urban Renewal Plan (6.27.20 I8)
4
1.3 Urban Renewal Area Boundaries
The boundaries of the Urban Renewal Area, as illustrated in Figure 1 and set
forth in Appendix C, include 35 legal parcels comprising approximately nearly
2,050 acres and adjacent rights -of -way located within three complete
sections and a portion of a fourth section in eastern Erie. Its boundaries are
generally State Highway 52 (SH 52) on the north, west of Interstate 25 (1-25),
north of Erie Parkway, and east of County Road 5 (CR 5).
1.4 Zoning Classifications
Properties within its boundaries are currently zoned either AG / OS Agricultural
/ Open Space or PD Planned Development. A description of each is provided
below (in the form of verbatim excerpts) as defined in Title 10 of the Unified
Development Code dated October 2017.
Agricultural Classification
The use of land for agricultural purposes, including farming, dairying,
pasturage, horticulture, floriculture, viticulture, and animal and poultry
husbandry; excluding the raising of hogs, pigs or other livestock fed for
garbage or offal. Accessory uses may include dwelling units for proprietor
and employees, barns, storage of grain, animal raising, feed preparation, and
wholesale sales of products produced on -site. Specific use types include, but
are not limited to: Agricultural Cultivation, Agricultural Grazing, or Produce
Stand.
Agricultural Purpose
To provide areas to be used for agricultural and open space purposes. The
zoning classification is intended to recognize and preserve lands suitable for
long-term production of agricultural commodities, lands suitable for grazing,
and animal husbandry, view protection, passive and active recreation, and
conservation uses.
Open Space Purpose
This section is intended to regulate the planning, development, construction,
preservation, and maintenance of parks, open space, and trails throughout
1-25 Urban Renewal Plan (6.2/.2018)
Page 15
Figure No. 1: 1-25 Urban Renewal Plan Area
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1-25 Urban Renewal Plan (6.27.2018)
6
the Town. Parks, open space, and trail regulations are intended to preserve
natural areas and resources, preserve scenic views, provide access to open
areas and recreational opportunities, create public health benefits, and
generally enhance the quality -of -life for residents. Particular emphasis should
be placed on providing a diversity of parks, trails, and open space
opportunities that serve residents of all ages and abilities and that are
accessible from a variety of locations within the community.
Planned Unit Development Classification
A project of a single owner or a group of owners acting jointly, involving a
related group of residences, businesses, or industries and associated uses,
planned as a single entity; and therefore, subject to development and
regulation as one (1) land -use unit rather than as an aggregation of individual
buildings located on separate lots. The planned unit development includes
usable, functional open space for the mutual benefit of the entire tract; and
is designed to provide variety and diversity through the variance of normal
zoning and subdivision standards so that maximum long-range benefits can
be gained, and the unique features of the development or site preserved
and enhanced while still being in harmony with the surrounding
neighborhood. Approval of a planned unit development does not eliminate
the requirements of subdividing.
Planned Unit Development Purpose
The PUD Overlay District is generally used when there is special public interest
that doesn't coincide with the traditional zoning in a geographic area. The
PUD Overlay District may only be used when an application is not able to
meet the requirements of a standard zone classification. The PUD is a
mapped area with restrictions in addition to, or less than, those in the
underlying traditional zone. Rather than attempt to create a new zoning
category, an overlay zone is superimposed over the traditional zone and
establishes additional regulations, or reduces or extends the existing uses. The
underlying zoning identifies permitted land uses, the overlay zone may
provide design restrictions, additional setbacks, or other exceptions to the
base district regulations.
1-25 Urban Renewal Plan (6.27.2018)
7
1.5 Future Land Use Designations
Future land use designations are reflected in the Town's Future Land Use
Map.' The map identifies locations where different land uses may occur
within Erie's Planning Area during the next 10 to 20 years, and where the Town
would support the development of these uses. Any possible future
annexations by the Town would occur within this boundary, but enclaves of
county land could remain within the area without being annexed.
Possible land uses identified in the Area include: NMU Neighborhood Mixed -
Use, RC Regional Commercial, CC Community Commercial, LR Low Density
Residential, MR Medium Density Residential, and HR High Density Residential.
Definitions of these designations from the Town's Zoning Code are provided
below along with a list of possible product types, their densities, and
locational attributes.
NMU Neighborhood Mixed -Use - mix of civic, office, retail and services uses;
designed in a traditional downtown format at a pedestrian -friendly scale;
RC Regional Commercial - intense concentration of retail and employment
uses, region -serving, with large foot -prints; buffered from residential uses; often
located along major transportation corridors;
CC Community Commercial - general community -serving retail co -located
with service providers and office users; design emphasis on convenience,
access and surrounding context;
LR Low Density Residential - single family detached homes; attached homes
including townhomes, condominiums, and patio homes; and rental housing
apartments; along with supportive institutional and commercial uses; 2 to 6
dwelling units per acre; suburban style developments supported b trails and
open space;
1 The Future Land Use Map and accompanying land use category descriptions define where and how Erie will grow over the
next ten to twenty years and is accompanied by a discussion of the specific land use categories that are associated with
different locations or types of places within the town.
I-25 Urban Renewal Plan (6.27.2018)
8
MR Medium Density Residential - single family detached homes; attached
homes including townhomes, condominiums, and patio homes; and rental
housing apartments; along with supportive institutional and commercial uses;
6 to 12 dwelling units per acre; medium density neighborhoods developed
around community centers and public spaces; and
HR High Density Residential - single family detached homes; attached homes
including townhomes, condominiums, and patio homes; and rental housing
apartments; along with supportive institutional and commercial uses; 12 to 20
dwelling units per acre; high density neighborhoods located in urban areas
with convenient access to centers of activity.
Areas of Special Consideration
Three areas are identified on the Future Land Use Map as Areas of Special
Consideration. These areas have been identified to acknowledge their
importance as major community gateways, and to acknowledge that an
increased level of review and consideration will need to be placed on
development proposals occurring within the areas identified, in terms of their
uses and design. These include: Highway 52, Erie Parkway and County Line
Road/Arapahoe Road.
1.6 Statutory Compliance
In compliance with the Act, the public hearing notice at which this Plan will
be considered, including its time, date, location, purpose and a general
description of the urban renewal area covered by the Plan, along with the
general scope of the urban renewal project under consideration appeared in
the Colorado Hometown Weekly, the community's designated legal
newspaper of general circulation. In addition, a reasonable attempt was
made to provide mailing notice of the hearing to all owners of Private
Property and business interests located in the Area at their last -known address
of record.
At least 30 days prior to the public hearing, the Plan and I-25 Urban Renewal
Plan - Weld County Impact Report, (herein referred to as the "Weld County
Impact Report") was submitted to the Weld County Board of Commissioners,
1-25 Urban Renewal Plan (6.27.2018)
Page I'
and the governing bodies 2 of all other taxing entities whose incremental
property tax revenues would be allocated under the Plan. Further,
representatives of TOEURA and these taxing entities met and negotiated
agreements governing the sharing of incremental property tax revenue in
compliance with the Act.
Finally, official meetings required by the Act were scheduled, noticed and
conducted as follows. The TOEURA Board of Commissioners considered the
Plan on date at a duly noticed meeting of the Authority, and the Planning
Commission reviewed the Plan on date and determined it to be consistent
with the Comprehensive Plan. Lastly, the Town Board of Trustees (herein
referred to as the "Board of Trustees") considered the findings of blight,
documented in the Survey, and adoption of the Plan, at a public hearing on
date
2.0 Definitions
Unless otherwise stated, all capitalized and bolded terms herein shall have the same
meaning as set forth in the Act.
Act - means the Urban Renewal Law of the State of Colorado, Part 1 of Article 25 of
Title 31, Colorado Revised Statutes, as amended.
Authority - means the Town of Erie Urban Renewal Authority (or TOEURA).
Base Amount - means that portion of property taxes which are produced by the levy
at the rate fixed each year by or for taxing entities upon the valuation for assessment
of taxable property in a Tax Increment Area last certified prior to the effective date
of approval of the Plan; and that portion of municipal sales taxes collected within
the boundaries of the Tax Increment Area in the twelve-month period ending on the
last day of the month prior to the effective date of approval of the Plan.
Board of Trustees - means the Board of Trustees of the Town of Erie.
Comprehensive Plan - means the 2015 Town of Erie Comprehensive Plan Update.
2 Weld County, St. Vrain School District, High Plains Library District, St. Vrain Sanitation District, Erie Corporate
Center Metropolitan District #2, Erie Corporate Center Metropolitan District #3, Mountain View Fire District,
Summerfield Metropolitan District #2, Northern Colorado Water District, and 232 Metropolitan District (Erie
Exchange).
I-25 Urban Renewal Plan (6.27.2018)
110
Cooperation Agreement - means any agreement between the Authority and the
Town, or any public body (the term "public body" being used in this Plan as defined
by the Act) respecting action to be taken pursuant to any of the powers set forth in
the Act or in any other provision of Colorado law, for the purpose of facilitating
public undertakings deemed necessary or appropriate by the Authority under this
Plan.
1-25 Tax Increment Area - means an area depicted in Figure 2 and described in
Appendix C, within the I-25 Urban Renewal Plan Area, which includes properties and
portions of properties from which incremental property taxes in excess of the Base
Amount, when collected, will be paid into the authority's Special Fund and used, in
part, to finance the Authority's activities and undertakings.
C.R.S. - means the Colorado Revised Statutes, as amended from time -to -time.
Eligible Costs - means those costs eligible to be paid or reimbursed from incremental
revenues and other resources pursuant to the Act.
Plan or Urban Renewal Plan - means this 1-25 Urban Renewal Plan.
Plan Area or Urban Renewal Plan Area - means the 1-25 Urban Renewal Plan Area as
depicted in Figure 1.
Private Property - as applied to real property, means only a fee ownership interest.
Project - (or Urban Renewal Project) means any and all undertakings and activities
authorized in the Plan and the Act to eliminate blighted conditions and
improvements including designing, developing and constructing the various public
improvements and private improvements (which collectively, includes paying the
costs of constructing such improvements and other costs to the extent such costs are
Eligible Costs as allowed by the Act) necessary to serve the proposed Urban
Renewal Plan Area which includes public improvements located within and outside
the Urban Renewal Plan Area.
Redevelopment / Development Agreement - means one or more agreements
between the Authority and developer or developers, and / or property owners or
such other individuals or entities as may be determined by the Authority, to be
necessary or desirable to carry out the purposes of this Plan.
I-25 Urban Renewal Plan (6.27.2018)
Special Fund - means a fund supervised by the Authority and the resources of which
include incremental ad valorem property and municipal sales tax revenue resulting
from investment and reinvestment in the Urban Renewal Area.
Survey - means the 1-25 Conditions Survey, prepared by RickerlCunningham, dated
April, 2018 and presented to the Board of Trustees under separate cover.
Tax Increment - that portion of incremental revenues in excess of the Base Amount
as set forth in Section 7.3.2 of this Plan, allocated to and when collected, paid into
the Authority's Tax Increment Revenue Fund.
Tax Increment Area - means an area which includes properties and portions of
properties from which incremental property taxes in excess of the Base Amount,
when collected, will be paid into the authority's Special Fund. See the definition of I-
25 Tax Increment Area, above.
Tax Increment Finance (or Financing) (TIF) - means a financing mechanism which
uses future incremental revenues resulting from private investment within an
established area (Tax Increment Area), as well as other resources obtained by the
Authority, to fund improvements for the public benefit.
Tax Increment Revenue Fund - See definition of Special Fund above.
Town - means the Town of Erie.
Urban Renewal Law - means the State of Colorado, Part 1 of Article 25 of Title 31,
Colorado Revised Statutes, as amended. See the definition of the Act, above.
Urban Renewal Plan or Plan - means this 1-25 Urban Renewal Plan.
Urban Renewal Plan Area or Plan Area - means the I-25 Urban Renewal Plan Area as
depicted in Figure 1.
Urban Renewal Project- is defined by the Act, but generally means an
improvement, public or private that addresses the findings of blight and advances
the goals of the Plan. See the definition of Project, above.
Weld County Impact Report - means the 1-25 Urban Renewal Plan - Weld County
Impact Report prepared by RickerlCunningham, dated April, 2018 and presented to
the Board of Trustees under separate cover.
I-25 Urban Renewal Plan (6.27.2018)
112
3.0 Plan Intentions
With an urban renewal designation, the Area will be eligible for one or more urban
renewal activities and undertakings authorized by the Act, and advanced by the
Authority. To this end, it is an objective of the Board of Trustees in adopting this Urban
Renewal Plan that the Authority has available to it any and all powers authorized in
the Act, and considered necessary and appropriate to accomplish the undertakings
stated herein. Because powers conferred by the Act include facilitating the
completion of improvements for which public money may be expended, the
intentions of this Plan are considered to be in the public interest and a necessity,
such finding being a matter of legislative determination by the Board of Trustees.
3.1 Purpose
As explained in the Act, the intent of any and all urban renewal plans is to
"assist the municipality in the preparation of a workable program for utilizing
appropriate private and public resources to eliminate and prevent the
development or spread of slum and blighted areas and to encourage
needed urban rehabilitation;" as well as, implement community priorities
identified in adopted community plans and other policy documents.
For this reason, the purpose of this I-25 Urban Renewal Plan is to reduce and
remove blighting conditions adversely impacting properties and businesses in
the Area and described in the Survey. Specifically, as it relates to the Plan
Area, it is the Authority's intent to finance, install, construct, reconstruct and
cooperate with others to accomplish the same, in an effort to further
economic growth in the community and throughout the region. To this end,
its purpose is also to advance objectives expressed in the Comprehensive
Plan (herein referred to as the 2015 Town of Erie Comprehensive Plan
Update.) References from related resources which align with these goals are
presented in Appendix B.
3.2 Approach
The approach to eliminating and preventing the spread of blighting
conditions includes: completion and maintenance of public or private
improvements and infrastructure in the Area, use of financial resources
available to the Authority for the express purpose of the same; and the active
promotion of private investment and job creation. The approach to
1-25 Urban Renewal Plan (6.27.2018)
I 13
advancing local objectives is identification herein of specific priorities which
will effectively leverage private investment in the Area and ensure alignment
of this 1-25 Urban Renewal Plan with other accepted and adopted
community documents.
3.3 Implementation
While the Authority will be the Plan's principal administrator, Board of Trustees
will authorize and oversee its efforts. Therefore, the Authority will work in
cooperation with the Town to prioritize capital investments in the Area
(roadways, open spaces, greenways), ensuring they provide a public benefit
to property owners and business interests within its boundaries, as well as
communitywide. All new development activity will conform to existing
municipal codes and ordinances, along with any site -specific regulations or
policies in effect at the time. Finally, while the Act authorizes the Authority to
regulate land uses, establish maximum or minimum densities, and institute
other building requirements in an urban renewal area; for the purpose of this
Plan, the Authority anticipates these activities will be the responsibility of the
Town in partnership with the Authority.
4.0 Blight Conditions
Before an urban renewal plan can be adopted by a municipality, the proposed
urban renewal area must be determined to be "blighted" as defined in Section 31-
25-103(2) of the Act which provides that "in its present condition and use and, by
reason of the presence of at least four of the factors (see below) in section 31-25-103
(2) (a) (or five in cases where property will be acquired by eminent domain the use
of eminent domain is anticipated) 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." Statutory factors include:
(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 nonmarketable;
1-25 Urban Renewal Plan (6.27.2018)
14
(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 improvements; or
(I) If there is no objection by the 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 Section 31-25-103(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.
The general methodology used to prepare the Survey involved the following steps:
(i) identification of parcels to be included in the Survey Area; (ii) collection of
information about properties, infrastructure and other improvements in the Survey
Area boundaries; (iii) investigation of conditions through field reconnaissance; (iv)
review of aerial photography; (v) discussions with representatives of various public
agencies and municipal departments; and (iv) recordation of identified and
observed conditions listed in the Act.
Among the 11 qualifying factors listed above, the Survey showed the presence of all
eight (8) blight factors in the Area that is the subject of this Plan.
(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 nonmarketable;
(h) The existence of conditions that endanger life or property by fire or other
causes; and
1-25 Urban Renewal Plan (6.27.2018)
115
(k5) 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.
5.0 Plan Relationship to Community Documents
5.1 Consistency with the Comprehensive Plan
Whereas the Plan's purpose is to facilitate investment in the Area consistent
with the community's objectives, development within its boundaries will need
to reflect the vision and objectives expressed in the 2015 Town of Erie
Comprehensive Plan Update. As explained therein, future investment within
Erie's municipal boundaries consistent with the following stated vision, and
supporting guiding principles (presented in Appendix A), will be encouraged
and supported.
"Erie is a community which recognizes the importance of conserving and
enhancing its historic small town character, the roots from which it grew,
preserving the natural environment in which it resides; a caring community which
offers its residents an environment in which to seek a high quality of life; a
balanced community with a diverse range of housing, employment, educational,
shopping and recreational opportunities; and a vita/ community which provides
financial and social support for qua/ity of life programs. "3
Additional intents found in the Comprehensive Plan that influenced elements
of this Urban Renewal Plan are presented in Appendix A. Note: While most are
posed verbatim, others are reworded or paraphrased for clarification. In all
instances, direct excerpts are notated in italics.
5.2 Correlation with Other Community Plans
Among the Town's many resource documents, those considered most
relevant to the intentions of this Plan based on its geographic location within
3 The Vision is based on the premise that the health of the Town and the quality of life of its residents are not
dependent on any one factor. The underlying premise is an understanding that the Town must seek a
balance between environmental economic and community/social considerations. Each of these
components is interrelated and essential to the continued health and sustainability of the community.
Viewed together, they provide a balanced and flexible overall basis for formulating the Town's
Comprehensive Plan. Source: 2015 Town of Erie Comprehensive Plan Update.
I-25 Urban Renewal Plan (6.27.2018)
116
the Town and desired outcomes, were reviewed and references therein
identified. Excerpts from all relevant reports are either presented in the
Appendices or body of this Plan.
6.0 Authorized Authority Undertakings and Activities
Whereas the Act allows for a wide range of activities to be used in furtherance of the
goals of an urban renewal plan, in the context of this Plan, the Authority intends to
complete public improvements and provide financial assistance together with the
Town, affected property owners, and other parties with an interest in the Area. To this
end, partnerships and similar forms of cooperative arrangements will be an essential
element of the Authority's approach to eliminating and preventing the spread of
blighting conditions within its boundaries. Other powers conferred by the Act and a
component of the Authority's strategy for implementing the Plan are described in
the following paragraphs.
6.1 Prepare and Modify Plans for the Area
The Authority may work with public bodies, and retain consultants and other
advisors to assist with the planning of properties in connection with Urban
Renewal Projects in the Area. In addition, the Authority may propose, and the
Board of Trustees may make, modifications to the Plan, provided they are
consistent with adopted community plans and any subsequent updates.
However, any such amendments made and otherwise contemplated, must
be compliant with the Act. The Authority may also, in specific cases, allow
non -substantive variations from the provisions of the Plan, if it determines that
a literal enforcement would constitute an unreasonable limitation beyond
the intent and purpose stated therein.
In the context of this Plan, the Authority intends to frequently review and
evaluate its effectiveness at implementing Urban Renewal Projects within its
boundaries. If deemed necessary, the Authority, may consider modifications,
but will do so only in concert with Area property and business owners, and
Town staff operating in support of the Authority.
6.2 Complete Public Improvements and Facilities
The Authority may, or may cooperate with others to, finance, install, construct
and reconstruct public improvements considered Eligible Costs as per the
I-25 Urban Renewal Plan (6.27.2018)
1 17
Act, and necessary to promote the objectives of this Plan. Whereas public
improvements should, whenever possible, stimulate desired private sector
investment, it is the intent of this Plan that the combination of public and
private investment that occurs in the Area will benefit properties within its
boundaries, as well as those in the community at -large. Improvements
identified as necessary to catalyze development and redevelopment include
completion and expansion of infrastructure and utilities; as well as, vehicular
and non -vehicular roadway enhancements.
As explained in Section 4.0, eight (8) of the 11 qualifying conditions of blight
as defined in Section 31-25-103(2) of the Act, were evident in the Area. As the
Plan's administrator, the Authority will seek to most effectively leverage
available resources in the furtherance of desired private investment, while
also eliminating the spread of blighting conditions described in the Survey
and generally characterized as follows. The Authority may assist in the
financing or construction of such improvements to the extent authorized by
the Act and required to accommodate development and redevelopment
for the benefit of the public.
(b) Predominance of defective or inadequate street layout - construction of
new roadways and accommodations within existing roadways such as
curbs, gutters, driveways, sidewalks, lighting, bicycle lanes, and others, in
order to ensure safe vehicular and non -vehicular mobility within the
Area;
(c) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness
- completion of the infrastructure improvements identified under (b)
above; and assistance with property assemblages where necessary, in
an effort to improve property utilization in the Area;
(d) Unsanitary or unsafe conditions - completion of improvements known to
increase the safety of visitors to, and users of, properties in the Area
including adequate fencing around industrial operations;
(e) Deterioration of site or other improvements - assistance with site
improvements within properties visibility suffering from neglect and a
lack of maintenance;
(f) Unusual topography or inadequate public improvements or utilities -
completion of, or assist with financing capital improvements in the Area,
including those identified in Town -adopted and accepted plans and
reports deemed to limit the economic feasibility of desired projects;
1-25 Urban Renewal Plan (6.27.2018)
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(g) Defective or unusual conditions of title rendering the title nonmarketable
-- mitigation of impacts to property owners and business operations from
easements and mineral extraction;
(h) Existence of conditions that endanger life or property by fire or other
causes - infrastructure intended to protect people and property
including water facilities to ensure adequate water flow and capacity
for fire protection purposes; and
(k5) 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 - assist with property
assemblages, and development / redevelopment initiatives considered
meritorious and consistent with the vision expressed herein.
In addition to completing improvements, the Authority may also participate in
activities including building and site demolition when those activities are
required by existing Development or Cooperation Agreements, or when they
are required to eliminate unhealthy, unsanitary, and unsafe conditions, or
obsolete uses deemed detrimental to the public welfare.
6.3 Acquire and Dispose of Property
The Authority may sell, lease or otherwise transfer real property or any interest
therein acquired by it as part of an Urban Renewal Project in accordance
with the urban renewal plan. The Act further allows for the acquisition of
property or interest in property by condemnation in a manner provided by
the laws of this state for the exercise of the power of eminent domain by any
other public body. While this Plan encourages properties to be acquired
through arms -length transactions, it authorizes the use of eminent domain by
the Authority.
Upon its acquisition, and prior to its disposal, the Authority may temporarily
operate, manage and maintain property if deemed in the best interest of the
Urban Renewal Project and the Plan. It may also set aside, dedicate and
transfer properties to public bodies for public uses in accordance with the
plan with or without compensation.
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6.4 Enter Into Agreements
The Authority may enter into Redevelopment and Development Agreements
and contracts with developers, property owners, individuals and other entities
determined to be necessary to carry out the purposes of a plan. Such
Agreements, or other contracts, may contain terms and provisions deemed
necessary or appropriate for the purpose of undertaking contemplated
activities, and remain in full force and effect, unless all parties to such
Agreements agree otherwise.
In accordance with the Act, the Authority may also enter into one or more
Cooperation Agreements with lawful entities for the purpose of financing,
installing, constructing and / or reconstructing improvements considered
eligible and necessary for implementation of the plan. In addition, it may, but
is not required to, contract with the municipality or other organization for
administrative support of the authority and its staff, including the distribution
of financial resources.
6.5 Adopt Standards
The Authority may work with public bodies, and retain consultants and other
advisors to assist with zoning and rezoning properties in the Urban Renewal
Area. However, while the Act allows for the adoption of standards and other
requirements applicable to projects undertaken in an urban renewal area, in
the context of this Plan, it is the Authority's intention that these activities will be
conducted in cooperation with the Town. Further, as stated throughout
preparation of the Plan and planning process, it is also the intent of the
Authority that all development in the Area meet or exceed applicable rules,
regulations, policies, other requirements, and standards of the Town and any
other governmental entity with jurisdiction.
6.6 Provide Relocation Assistance
While this Plan does not anticipate individuals, families or business concerns
will require relocation due to the acquisition of real property, if such a
relocation becomes necessary, the Authority will adopt a relocation plan in
conformance with the Act.
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6.7 Incur and Issue Debt
This Plan authorizes the Authority to borrow money and apply for and accept
advances, loans, grants and contributions from all lending sources, private
and public, for purposes identified in the Plan, as authorized by the Act. The
Authority may also loan or make monetary resources available to
undertakings and activities deemed meritorious and consistent with the Plan.
These resources may be derived through any and all methods authorized by
the Act, including the issuance of bonds to finance activities and operations
of the Authority as defined in 31-25-109 of the Act.
Such bonds may be special obligations of the authority which, as to principal
and interest and premiums (if any), are payable solely from and secured only
by a pledge of any income, proceeds, revenues or funds of the Authority
derived in connection with its undertakings and activities including grants or
contributions of funds.
6.8 Create Tax Increment Areas
As explained in Section 31-25-107 of the Act, the Urban Renewal Plan may
contain a provision that the incremental property taxes of specifically
designated public bodies levied on taxable property in the Urban Renewal
Area, and / or municipal sales taxes, both in excess of the Base Amount when
collected and deposited in a Special Fund of the Authority; may be used for
a period not to exceed twenty-five (25) years after the effective date of the
Urban Renewal Plan, once approved, for the furtherance of its activities and
undertakings.
7.0 Project Financing
7.1 Public Investment Objective
A critical component of any urban renewal initiative is participation by both
the public and private sectors since no one entity, either public or private,
typically has sufficient resources to overcome the financial hurdles frequently
encountered in deteriorating areas of communities. To this end, effective
leveraging of funds from multiple sources will be essential to sustain initiatives
to complete public improvements necessary to attract private commercial
and job -generating developments in the Area. Additional support may be
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necessary in the form of policy, regulating, and design support from the Town
and other advocacy partners.
7.2 Financial Mechanisms
As explained above in Sections 6.7 and 6.8, the Authority may finance its
undertakings pursuant to the Plan by any method authorized under the Act or
any other applicable law. In addition to incremental tax revenues, possible
other financing vehicles include, without limitation, the issuance of notes,
bonds, interim certificates, certificates of indebtedness, or other obligation
lawfully created as defined in the Act. The Authority may also borrow funds,
access federal and state loans or grants, and earn interest income; as well as
enter into reimbursement or annual appropriation agreements with public or
private entities, or any other lawful source; the principal, interest, costs and
fees of which are paid for with available funds of the authority.
7.3 Incremental Revenues
It is the intent of the Board of Trustees in approving this Plan that incremental
property tax revenues will be the primary funding source for Eligible Costs and
priority improvements in the Area. The Authority may irrevocably pledge these
funds to pay the principal of, and interest on, any other premiums due in
connection with the bonds, loans or advances to, or indebtedness incurred
(whether funded, refunded, assumed, or otherwise) by the Authority for
financing or refinancing, in whole or in part, all undertakings and activities
authorized by the Act, except:
(a) Any offsets collected by the County Treasurer for return of overpayments
or any funds reserved by the Authority for such purposes in accordance
with Section 31-25-107(9)(a)(III) and (b), C.R.S.; or
(b) Any reasonable (as determined by the Authority) set -asides or reserves of
incremental taxes paid to the Authority for payment of expenses
associated with administering the Plan.
Unless and until the total valuation for assessment of the taxable property in
the Tax Increment Area exceeds the base valuation, all of the taxes levied
upon taxable property therein shall be paid into the funds of the respective
public bodies. Also, when such bonds, loans, advances and indebtedness,
including interest thereon and any premiums due in connection therewith
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have been paid, all remaining taxes upon the same taxable property shall be
paid to the respective public bodies.
While this 1-25 Urban Renewal Plan contemplates the use of incremental
property tax revenues, the Board of Trustees may allocate municipal sales tax
Increments, if requested to do so, but only after receipt of a financing plan
outlining the proposed amounts and purpose for which the municipal sales
tax increments are to be used. As such, the use of incremental sales tax
revenue is hereby authorized pursuant to Section 31-25-107 (9), C.R.S., which is
by this reference incorporated herein as if set forth in its entirety; however,
any such pledge of sales tax increment by the Authority in a Development or
Redevelopment Agreement shall not be authorized until a separate
Cooperation Agreement between the Authority and Town setting forth the
allocation of incremental sales taxes between the Town and the Project is
established. The approval of such Cooperation Agreement by the Town and
Authority will not constitute a substantial modification, nor will the addition of
a new activity or undertaking. Finally, approval of such a Cooperation
Agreement will not extend this Plan or the duration of a specific Urban
Renewal Project in the Area which is presently twenty-five (25) years after the
effective date of the Plan's adoption, which authorized and created the Tax
Increment Area, regardless of when such Cooperation Agreement may be
approved.
7.3.1 1-25 Tax Increment Area
The Board of Trustees anticipates that that one or more tax increment
areas may be created within the Area to accomplish the goals and
objectives stated herein. The boundaries of the first tax increment area,
the 1-25 Tax Increment Area, are illustrated in Figure 2 and set forth in
Appendix C.
7.3.2 New Tax Increment Areas
New Tax Increment Areas shall be initiated by written notification to the
Authority from a property owner that a new Urban Renewal Project
needs tax increment revenue to fund infrastructure and related lawful
improvements. Such notification will include a legal description and
supporting illustration of the area to be designated, along with a site
plan of proposed improvements. Unless specifically provided for to the
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contrary, authorization by the Board of Trustees, in accordance with the
Act, to create a new Tax Increment Areas shall be considered a
substantial modification to this Plan and any taxes, levied and collected
after the effective date of such authorization, shall be allocated to the
Authority as set forth in the amendment for a period of twenty-five years
or such lesser period as provided in any Cooperation Agreement and /
or Redevelopment or Development Agreement.
7.4 Other Financing Mechanisms and Structures
This I-25 Urban Renewal Plan intends to provide for the use of incremental
revenues as one tool to facilitate investment and reinvestment in the Area.
However, whereas the Authority is authorized to finance its implementation by
any method authorized by the Act, it is committed to making a variety of
strategies and mechanisms available, including those that may be used
independently or in various combinations, as may be necessary to further its
objectives. Given the obvious and well -documented obstacles often
associated with development in challenging environments, the Authority
recognizes that it will be imperative that solutions and resources be put in
place which are comprehensive, flexible and creative.
8.0 Severability
If any portion of this Plan is held to be invalid or unenforceable, such invalidity will not
affect the remaining portions of the Plan. Further, if there is any conflict between the
Act and this Plan, the provisions of the Act shall prevail, and the language in the Plan
automatically deemed to conform to the statute.
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Figure No. 2: 1-25 Tax Increment Area
C
CD
CT
Included in the renewal project area
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1-25 Urban Renewal Plan
Town of Erie, Colorado
Appendix A:
Excerpts from the 2015 Town of Erie Comprehensive Plan Update
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2015 Town of Erie Comprehensive Plan Update
GUIDING PRINCIPLES
The following statements describe the community's aspirations and set the direction for the
Comprehensive Plan. They demonstrate the general ideals to be sought for the Town within
its planning area over the next 20 years, building on the Vision established for the
community. Our Vision includes the following key principles:
Overall Economic Vitality
The Town will promote a healthy, thriving economy that provides opportunities for
quality employment with livable wages for its residents.
Stewardship of the Natural Environment
The Town will identify and conserve its natural, scenic, and environmentally sensitive
areas including important wildlife habitat, waterways, and visually sensitive areas. Erie
will strive to be a clean, sustainable, environmentally -friendly town.
Balanced Land Use Mix
The Town will work to diversify and balance the mix of land uses as the Town grows.
Particular emphasis will be placed on enhancing the local economic base to provide
employment opportunities for residents, seeking to achieve a better balance as a place
to work as well as live. In so doing, the community will seek a balance between the
enhancement of Old Town's vitality and other existing areas of the community and the
identification of opportunities for commercial and employment in outlying areas.
Provide Infrastructure and Public Services Efficiently and Equitably
Erie will coordinate future development and/or provision of capital facility projects and
infrastructure, including water, wastewater, fire protection, emergency management
services, police protection, schools, parks, and other utilities that affect the quality of life
and economic stability of the community.
CHAPTER 4: LAND USE
Goal #1: Balanced Land Use Mix
Plan for a balanced mix of commercial and residential land uses in Erie.
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Employment (Business/Industrial)
Background and Intent
The future land use plan map identifies two types of employment uses: business and
industrial. Employment uses are intended to provide concentrated areas of high quality
employment facilities for uses such as office headquarters, research and development
facilities, and educational facilities, as well as locations for light manufacturing,
warehousing and distribution, indoor and screened outdoor storage, airport -related
industries, as well as a range of other existing heavy industrial services and operations.
Industrial Policies:
11.1 —CHARACTERISTICS
The Industrial designation is intended to provide locations for light and manufacturing,
warehousing and distribution, indoor and screened outdoor storage, airport -related
Industrial and a wide range of other industrial services and operations. Several heavy
industrial uses currently exist within the Town's Planning Area and typically involve more
intensive work processes, manufacturing, and basic resource handling or extraction.
New heavy industrial uses will generally be discouraged. Zoning controls within an
Industrial area are not as extensive as in the Business category and a broader range of
uses is permitted, including those that involve extensive outdoor activities.
11.2 —LOCATION
Because of their potential environmental impacts, Industrial uses should generally be
located away from population centers or must be adequately buffered. Industrial uses
that generate significant noise should be located away from residential areas and must
be in compliance with the Town's Noise Ordinance. Traffic generated by Industrial uses
should not pass through residential areas. Sites should have access to one or more
major arterials or highways capable of handling heavy truck traffic.
11.3 —SCREENING
Storage, loading and work operations should be screened from view along all industrial
area boundaries (when adjacent to non -industrial uses) and along all public streets.
11.4 —AIRPORT COMPATIBLE LAND USES
The suitability of Industrial uses within the environs of the Erie Municipal Airport shall be
determined according to the Land Use Compatibility Guidelines contained in DRCOG's
Airport Compatible Land Use Design Handbook.
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CHAPTER 6: NATURAL RESOURCES AND ENVIRONMENT
Goal #1: Protect Sensitive Areas
Preserve environmentally sensitive areas from development.
Policies:
NRE 1.3 —DISCOURAGE DEVELOPMENT IN SENSITIVE OR HAZARD AREAS
The Town will discourage developments where a significant risk to life and property exist,
as in areas of floodplain, geologic hazard, unstable soils, undermined areas, and steep
slopes in accordance with the recommendations of the Colorado Geologic Survey,
FEMA, and the Office of Mined Lands.
Goal #3: Environmentally Sensitive Design
Promote environmentally sensitive design that minimizes the use of and impacts to
renewable and non-renewable resources
Policies:
NRE 3.3 —SETBACKS AND DESIGN OF OIL AND GAS WELLS
The Town will continue to ensure that new development is setback from oil and gas wells
for safety reasons and will seek ways to make these buffered areas as attractive and
useful as possible. The design (i.e., color, profile, and screening) of oil and gas wells will
be subject to standards set forth by the Town.
NRE 3.4— MITIGATE RESOURCE EXTRACTION IMPACTS
The Town will continue to ensure that mineral resource extraction is adequately
mitigated to reduce impacts on surrounding development and that reclaimed areas
are designed to provide opportunities for recreation and wildlife habitat.
NRE 3.5 —UNDERMINED AREAS
Development should not be permitted over undermined areas unless risks can be
mitigated. Portions of the site deemed to be undevelopable due to the effects of
undermining should be integrated as part of an overall open space network.
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CHAPTER 9: PUBLIC FACILITIES AND SERVICES
Goal #2: Funding for Infrastructure and Services
Equitably distribute the cost for urban services over the areas that enjoy the benefit of such
services and among those entities responsible for extending such services.
Policies:
PFS 2.1— REQUIRE NEW DEVELOPMENT TO PAY FOR INFRASTRUCTURE AND SERVICES
OUTSIDE OF TOWN BOUNDARY
The Town will not expand services and infrastructure to areas outside of the Town
Boundary unless new development pays for the full cost (capital and operational) of
expanding infrastructure and providing services.
CHAPTER 10: REGIONAL COORDINATION
Goal #1: Regional Cooperation
Foster coordination and cooperation between the Town and other cities, counties, and
governmental agencies in the region.
Policies:
RC 1.1— REGIONAL COORDINATION
The Town will coordinate its land use goals and policies with those set forth by other
governmental agencies within the region and identify areas requiring ongoing
collaboration and cooperation, including the DRCOG Metro Vision 2035 Plan and the
potential commuter rail line along I-25.
RC 1.2 —INTERGOVERNMENTAL AGREEMENTS
The Town will work to maintain Intergovernmental Agreements already in place and
continue to pursue new Intergovernmental Agreements with neighboring jurisdictions to
address issues such as the location of future growth and development, the provision of
public facilities and services, the conservation of natural resources, revenue sharing, and
to discourage sprawling rural residential development outside of defined growth areas.
RC 1.3— COORDINATION OF SERVICES
The Town will coordinate with internal service departments as well as with other
governmental organizations that provide services to residents, such as the school
districts, to ensure that existing and new neighborhoods have adequate services and
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school sites, and that existing public facilities are properly maintained to serve the needs
of current and future residents.
CHAPTER 13: COMMUNITY CHARACTER AND DESIGN
Goal #1: Maintain and Enhance Erie's Character
Guide the appearance, scale, and location of development to enhance and maintain
Erie's unique character.
CCD 1.8 —SETBACKS AND DESIGN OF OIL AND GAS FACILITIES
The Town will continue to ensure that new development is setback from oil and gas wells
for safety reasons and will seek ways to make these buffered areas as attractive and
useful as possible. The design (i.e., color, profile, and screening) of oil and gas wells will
be subject to standards set forth by the Town. The use of low profile tanks as new wells
are established will be encouraged.
CCD 1.9 —UTILITY TRANSMISSION AND DISTRIBUTION SYSTEMS
The Town will ensure that electric, natural gas, petroleum, and other generation,
distribution, pipeline and storage facilities are located in a manner that is safe,
environmentally sensitive and minimizes aesthetic impacts. Lines will be required to be
placed underground to the maximum extent feasible.
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1-25 Urban Renewal Plan
Town of Erie, Colorado
Appendix B:
Excerpts from the Erie Parkway Corridor Study, 2017
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Erie Parkway Corridor Study, 2017
Executive Summary
Erie Parkway is one of three continuous east -west arterial connections within the Town of
Erie. Situated approximately midway between State Highway 7 (SH 7) on the south and SH
52 on the north, Erie Parkway bisects the Town and provides regional connectivity to
Boulder and Interstate 25 (1-25). Central to the Town, Erie Parkway serves as the community's
spine and as the gateway to the Town from US Highway 287 (US 287) on the west and 1-25
on the east.
In recent years, Erie Parkway has experienced continuing pressure for growth, and its role in
the region has transitioned from a rural road to the major arterial corridor that it is today. Not
only is Erie Parkway the primary route for accessing the Town of Erie from 1-25 on the east
and from Boulder on the west, but it also serves east -west travel needs regionally. Today,
there is much variability along the corridor —the adjacent land uses include suburban and
rural residential, commercial, retail, and a high school. Similarly, the cross section varies from
a two-lane rural road on the west end to sections of four lanes with landscaped medians,
sidewalks, and bike lanes.
The Town of Erie initiated this Corridor Study to create a vision that will serve as a blueprint
for future multimodal transportation and urban design improvements along the corridor. The
study area extends between US 287 and 1-25 (approximately 6.67 miles).
Project Purpose and Corridor Needs
The purpose of the project is to identify, and eventually implement, multimodal
transportation improvements to enhance mobility and safety along Erie Parkway, as well as
define streetscape design elements that will support local economic vitality, retain the
small-town character, and enhance the identity of Erie.
Transportation improvements are needed to address:
Mobility - Local and regional travel demand and traffic congestion along the corridor
are expected to increase due to residential and employment growth along Erie
Parkway and the surrounding areas.
Safety - There is a higher than expected number and severity of crashes at the
intersection of US 287 and Isabelle Road (west end of the Erie Parkway Corridor).
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Bicycle and Pedestrian Activity - Today's bicycle and pedestrian infrastructure along
and across Erie Parkway does not provide sufficient connectivity, comfort, and safety to
support walking and biking in the community.
Transit Accessibility - Transit service along Erie Parkway is limited and lacks transit -
supportive infrastructure, amenities, and connections to destinations along the corridor
to support future service.
Economic Vitality - Transportation infrastructure is needed to support economic
development along Erie Parkway and to provide connectivity to downtown commercial
and civic activities.
Character and Identity - Erie Parkway is a major spine through the Town of Erie. The
current corridor design is inconsistent and lacks elements to support the desired small-
town character and unique identity of Erie.
Preferred Alternative
The Preferred Alternative for Erie Parkway includes a series of multimodal transportation and
urban design improvements to address the project purpose and the corridor needs. The
Preferred Alternative includes widening Erie Parkway to four lanes along most of the
corridor. On the west end of the corridor, Erie Parkway (referred to as
Isabelle Road west of the Town boundary) will transition to two lanes through the US 287
intersection. On the eastern half -mile of the corridor, a wider cross section (six lanes) is
needed to accommodate the future traffic associated with the anticipated
commercial/business development proximate to 1-25. Over Coal Creek, Erie Parkway will be
realigned with a 40 mile per hour (MPH) design speed, including a new bridge that will
accommodate the four -lane section.
The Erie Parkway cross section includes the same flow -line to flow -line width (76 feet) as the
Town's current Principal Arterial street standard. However, the Erie Parkway Preferred
Alternative includes a slight reconfiguration of the pavement with narrower travel lanes (11
feet) to accommodate wider bike lanes (5 feet plus the 2 -foot gutter pan). The wider bike
lanes will provide more separation between bicyclists and vehicles and will allow bicyclists
to be centered in the lane away from the seam between the asphalt street and concrete
gutter. The cross section maintains an 18 -foot landscaped median along the length of the
corridor and includes a wide (10 -foot) detached shared use path on both sides of the street
to accommodate pedestrians and those bicyclists who may not feel comfortable riding in
the bike lanes adjacent to traffic. The Preferred Alternative cross section includes a build -to
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line for the Erie Commons and Commercial Districts and the possibility of additional uses
within the 30 -foot easement.
The Preferred Alternative for Erie Parkway incorporates traditional signalized intersections
typically at half -mile spacing, with un-signalized full movement intersections typically at
quarter -mile spacing. The existing roundabout at 119th Street would be replaced with a
signalized intersection to accommodate the four through lanes and the level of traffic
volumes anticipated by 2040.
Three future trail underpasses are identified in the Preferred Alternative. The first underpass is
for the Coal Creek Trail - the new bridge over Coal Creek will allow the trail to pass
underneath, as it does today. The next future trail underpass location is roughly one-third
mile west of CR 7 - this underpass would connect the planned trail system north and south
of Erie Parkway. Finally, a potential future underpass is identified for a location
approximately midway between CR 7 and 1-25 - the intent of this crossing is to provide a
direct connection for pedestrians between the future commercial land uses north and
south of Erie Parkway.
Table ES -1. Preferred Alternative Projects
Project
ID
Location
Description
Planning
Level Cost
(2017$)
Primary
Responsibility
Priority
14
CR7 to New
CR7-1/2
Reconstruction of Erie
Parkway
$14,100,000
Developers
Long-
Term
15
New CR7-1/2 to
1 -25 SB Ramps
Reconstruction of Erie
Parkway
$11,500,000
Developers
Long -
Term
16
1-25 Ramp
Terminal
Intersections
Signalization
$650,000
CDOT, Erie,
Dacono,
Developers
Short -
Term
17
1-25
Interchange
Area
Landscaping
$1,300,000
Erie,
Dacono,
Developers
Mid -
Term
Corridor Context
Erie Parkway is one of three continuous east -west arterial connections within the Town of
Erie. Situated approximately midway between State Highway 7 (SH 7) on the south and SH
52 on the north, Erie Parkway bisects the Town and provides regional connectivity to
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Boulder and Interstate 25 (I-25). Central to the Town, Erie Parkway serves as the community's
spine and as the gateway to the Town from US Highway 287 (US 287) on the west and I-25
on the east.
In recent years, Erie Parkway has experienced continuing pressure for growth, and its role in
the region has transitioned from a rural road to the major arterial corridor that it is today. Not
only is Erie Parkway the primary route for accessing the Town of Erie from 1-25 on the east
and from Boulder on the west, but it also serves east -west travel needs regionally. Today,
there is much variability along the corridor —the adjacent land uses include suburban and
rural residential, commercial, retail, and a high school. Similarly, the cross section varies from
a two-lane rural road on the west end to sections of four lanes with landscaped medians,
sidewalks, and bike lanes.
Physical Characteristics and Access
The current configurations range from the basic two travel -lanes plus narrow shoulders
through rural areas to four travel lanes with raised center medians, auxiliary turn -lanes, bike
lanes, and detached sidewalks through developed areas.
3. Land Use and Economic Market Assessment
Current and Future Land Uses
Between CR 5 and I-25, the existing land uses transition back to primarily rural residential and
agricultural uses, with some oil and gas sites. The Colorado State Land Board owns much of
the adjacent property on the north side between the high school and CR 7. The NOAA
radio tower is situated on the state lands. Some industrial activity occurs in the southeast
quadrant of Erie Parkway and CR 7. Vacant lands proximate to the I-25 interchange are
slated for commercial/retail development in the future.
Character Districts
The character along Erie Parkway varies. Character districts are defined on Figure 11 to help
inform decisions about design solutions that complement the surrounding land uses today
and in the future. The west end of the corridor is in an agricultural landscape, and the east
end is envisioned as a highly commercial area greatly influenced by I-25. Between these
ends are districts that consist of low -density residential, and urban mixed use commercial
with higher density residential. The journey from one end of the corridor to the other is
interrupted by the crossing of Coal Creek, a wonderful riparian corridor. The intersection at
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Briggs Street marks the south end of historic downtown. The primary gateways to the Town
of Erie are at the ends of the corridor. At these locations, substantial architectural or sign
features may be considered on the corners and possibly in the median to acknowledge the
edge of Town limits.
Sub -gateways at the edges of the character districts occur along the corridor and at the
intersections that lead to historic downtown.
Implementation Plan
Project #14 - This project includes full reconstruction of Erie Parkway from CR 7 to
approximately one -half -mile east of CR 7 (including the CR 7 intersection). This section will
include widening to match the Preferred Alternative cross section. The project includes
construction of a trail underpass to connect the planned trail system north and south of Erie
Parkway.
Project #15 - This project includes full reconstruction of Erie Parkway from approximately
one -half -mile east of CR 7 to the southbound I-25 ramps. This section is expected to require
three travel lanes in each direction to accommodate the future travel demands. The
project includes construction of a bicycle and pedestrian underpass to connect the future
land uses north and south of Erie Parkway.
Project #16 - The Town of Erie has recently requested that CDOT conduct a signal warrant
analysis for the I-25/Erie Parkway ramp terminal intersections. When MUTCD signal warrants
are met, these intersections should be signalized to improve traffic flow in the interchange
area.
Project #17 - The Town of Erie extended landscape irrigation sleeves to the I-25/Erie Parkway
interchange area. This project includes landscaping and adding a Town of Erie monument
sign to create an aesthetically pleasing and welcoming entrance to the Town, as shown
conceptually on Figure 23. The landscaping would enhance the overall appearance and
significance of the existing interchange condition. Currently the existing interchange
landscape consists of native grasses with two levels of concrete block retaining walls on the
east and west sides of Interstate 25. Dark colored angular rocks fill the spaces between the
retaining walls.
1-25 Urban Renewal Plan (6.27.2018)
I 37
1-25 Urban Renewal Plan
Town of Erie, Colorado
Appendix C:
1-25 TIF District Legal Description(s) and Supporting Illustrations
1-25 Urban Renewal Plan (6.27.2018)
EHRHART
EXHIBIT A
Page 1 of 2
February 26, 2018
PROPERTY DESCRIPTION - SECTION 4
A PARCEL OF LAND LOCATED IN THE SOUTH HALF OF SECTION 4, TOWNSHIP 1 NORTH, RANGE
68 WEST OF THE 6T" PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, BEING
MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION 4; THENCE N0°02'05"E ALONG
THE WEST LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 4 A DISTANCE OF 8(x).03
FEET; THENCE N89°33'57"E ALONG A LINE 800 FEET NORTH OF AND PARALLEL WITH THE
SOUTH LINE OF SAID SOUTHWEST QUARTER A DISTANCE OF 2631.14 FEET; THENCE
N89°44'55"E ALONG A LINE 800 FEET NORTH OF AND PARALLEL WITH THE SOUTH LLNE OF THE
SOUTHEAST QUARTER OF SAID SECTION 4 A DISTANCE OF 2641.51 FEET TO A POINT ON THE
EAST LINE OF SAID SOUTHEAST QUARTER; THENCE S0°08' 15"E ALONG SAID EAST LINE A
DISTANCE OF 800.00 FEET TO THE SOUTHEAST CORNER OF SAID SECTION 4; THENCE
S89°44'55"W ALONG THE SOUTH LINE OF SAID SOUTHEAST QUARTER A DISTANCE OF 2638.65
FEET TO THE SOUTH QUARTER CORNER OF SAID SECTION 4; THENCE S89°33'57"W ALONG THE
SOUTH LINE OF SAID SOUTHWEST QUARTER A DISTANCE OF 2636.41 FEET TO THE POINT OF
BEGINNING;
CONTAINING 4,219,082 SQUARE FEET OR 96.857 ACRES, MORE OR LESS.
John P. Ehrhart
RPM;
F t Fir;,
6 2/26/18
OFFICE: 303-828-3340 • P.O. Box 930 • Erie, Colorado 80516
www.coloradols.com • john@coloradols.com
EXHIBIT A
PAGE 2 OF 2
S 1/2 SECTION 4
T1N, R68W, 6TH P.M.
N89'33'57"E N89'44'55"E
2631.14' 2641.51'
O
O
2636.41' 2638.65'
S89'33'57"W OrlD S 1/4 S89'44'55"W
SEC 4
WELD COUNTY RD. 12
POINT OF BEGINNING
SW CORNER OF SECTION 4
NORTH
SCALE: 1" = 1000'
0 500 1000
2000
SE COR
SEC 4
EHRHART
P.O. Box 930 • Erie, Colorado 80516
(303) 828-3340 • www.coloradols.com
TOWN OF ERIE
SITUATED IN THE S 1/2 OF SEC. 4,
T1 N, R68W OF THE 6TH P.M.
WELD COUNTY, COLORADO
DATE:
2/26/18
SCALE
1 "=1000'
JOB NO.:
S185028
DRAWN:
JDA
CHECKED:
JPE
EHFIHAFRT
EXHIBIT A
Page 1 of 2
February 26, 2018
PROPERTY DESCRIPTION - SECTION 10
A PARCEL OF LAND LOCATED IN THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP 1
NORTH, RANGE 68 WEST OF THE 6r" PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF
COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTH QUARTER CORNER OF SAID SECTION 10; THENCE N89°46'02"E
ALONG THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 10 A DISTANCE OF
2657.85 FEET; THENCE S0°23'47"E ALONG THE EAST LINE OF SAID NORTHEAST QUARTER A
DISTANCE OF 800.00 FEET; THENCE S89°46'02"W ALONG A LINE 800 FEET SOUTH OF AND
PARELLEL WITH THE NORTH LINE OF SAID NORTHEAST QUARTER A DISTANCE OF 2663.69
FEET TO A POINT ON THE WEST LINE OF SAID NORTHEAST QUARTER; THENCE N0°01' 19"E
ALONG SAID WEST LINE A DISTANCE OF 800.01 FEET TO THE POINT OF BEGINNING;
CONTAINING 2,128,613 SQUARE FEET OR 48.866 ACRES, MORE OR LESS.
John P. Ehrhart
2/26/1`x':
dr
2c44 •;
:fir. Ncn;a9; ,4
OFFICE: 303-828-3340 • P.O. Box 930 • Erie. Colorado 80516
www.coloradols.com • john@coloradols.com
EXHIBIT A
PAGE 2 OF 2
POINT OF BEGINNING
N 1/4 CORNER SECTION 10
Co
O
Z
S89'46'02"W
NORTH
SCALE: 1" = 500'
0 250 500
1000
WELD COUNTY RD. 12
N89.46'02"E
NE 1/4 SECTION 10
T1N, R68W, 6TH P.M.
NE COR
SEC 10
N
N
0
N
EHRHART
P.O. Box 930 • Erie, Colorado 80516
(303) 828—.3340 • www.coloradols.com
TOWN OF ERIE
SITUATED IN THE NE 1/4 OF SEC. 10,
T1 N, R68W OF THE 6TH P.M.
WELD COUNTY, COLORADO
DATE:
2/26/18
SCALE
1"= 500'
JOB NO.:
S185028
DRAWN:
JDA
CHECKED:
JPE
EHRHART
EXHIBIT A
Page 1 of 2
February 26, 2018
PROPERTY DESCRIPTION - SECTION 22
A PARCEL OF LAND LOCATED IN THE NORTHEAST QUARTER OF SECTION 22, TOWNSHIP 1
NORTH, RANGE 68 WEST OF THE 6' PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF
COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTH QUARTER CORNER OF SAID SECTION 22; THENCE N89°31'08"E
ALONG THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 22 A DISTANCE OF
2680.38 FEET; THENCE S0°13'53"E ALONG THE EAST LINE OF SAID NOTHEAST QUARTER A
DISTANCE OF 2400.02 FEET; THENCE S89°31'08"W ALONG A LINE 2400.00 FEET SOUTH OF AND
PARALLEL WITH THE NORTH LINE OF SAID NORTHEAST QUARTER A DISTANCE OF 2663.72
FEET TO A POINT ON THE WEST LINE OF SAID NORTHEAST QUARTER; THENCE N0°37'44"W
ALONG SAID WEST LINE A DISTANCE OF 2400.01 FEET TO THE POINT OF BEGINNING;
CONTAINING 6,412,919 SQUARE FEET OR 147.220 ACRES, MORE OR LESS.
John P. Ehrhart
2/261
294.4
tS. NA '32.4f14
OFFICE: 303-828-3340 • P.O. Box 930 • Erie, Colorado 80516
www.coloradols.com • john@coloradols.com
EXHIBIT A
PAGE 2 OF 2
POINT OF BEGINNING
N 1/4 CORNER SECTION 22
ERIE PARKWAY
N89'31'08"E
NE COR
SEC 22
2680.38'
NE 1/4 SECTION 22
T1N, R68W, 6TH P.M.
2663.72'
w
,O Ln
Or
CVo
N
4
NORTH
SCALE: 1" = 500'
0 250 500 1000
S89'31'08"W
EHRHART
P.O. Box 930 • Erie, Colorado 80516
(303) 828-3340 • www.coloradols.com
TOWN OF ERIE
SITUATED IN THE NE 1/4 OF SEC. 22,
T1 N, R68W OF THE 6TH P.M.
WELD COUNTY, COLORADO
DATE:
2/26/18
SCALE
1 "=500'
JOB NO.:
S185028
DRAWN:
JDA
CHECKED:
JPE
1-25 Urban Renewal Plan
Weld County Impact Report
Erie, Colorado
March 2018
Prepared for:
Town of Erie Urban Renewal Authority
Town of Erie Board of Trustees
Prepared by:
RickerlCunningham
10959 Ashurst Way
Littleton, CO 80130
303.458.5800 phone
303.458.5420 fax
www.rickercunningham.com
Ricker Curia-" gnat
1-25 Urban Renewal Plan
Weld County Impact Report
Erie, Colorado
March 2018
This report outlines the anticipated impact of the proposed I-25 Urban Renewal Plan on Weld
County (the County). It responds to the requirements outlined in C.R.S. 31-25-107 (3.5) (a):
C.R.S. 31-25-107: APPROVAL OF URBAN RENEWAL PLANS BY LOCAL GOVERNING BODY
(3.5) (a) "At least thirty days prior to the hearing on an urban renewal plan or a substantial
modification to such plan, regardless of when the urban renewal plan was first
approved, the governing body or the authority shall submit such plan or modification to
the board of county commissioners, and, if property taxes collected as a result of the
county levy will be utilized, 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:
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."
Ricker Cunn ntgharr.
Summary of Urban Renewal Plan
Development Program
The proposed development program for the 1-25 Urban Renewal Plan is consistent with current
policy documents and plans for the Town of Erie. "Development" in the context of this analysis
relates to oil and gas wells constructed in the 1-25 Urban Renewal Area (the "Area") over the
next 25 years. Based on current levels of oil and gas well development in Weld County, it is
estimated that approximately 70 wells could be constructed during the 25 -year analysis period
(Table 1) .
Table 1
1-25 Urban Renewal Plan
Proposed Development Program
New Development:
Oil and Gas
# of Wells
70
Source: RickerlCunningham.
Table 2 summarizes assumptions used to estimate future property tax revenues associated with
these oil and gas wells.
Table 2
1-25 Urban Renewal Plan
Property Tax Revenue Assumptions (First Year Production
Well Type
'j4lumes
i3B12;.MCF)
$/ unit (BBL, Production Lease Net
MCF) Tax Rate Revenue
Oil
80,000
$52.00 87.50% 82.50%
Natural Gas Liquid
45,000
$32.00
Gas
500,000
$4.50
Taxable Well Net Revenue
$6,476,250
volume X $/unit X % lease net revenue
(Market Value)
$6,500,000
market value rounded
"BBL" means a barrel of 42 U.S. gallons of oil.
MCF means a thousand cubic feet of natural gas.
Source: Town of Erie and Ricker I Cunningham.
Assumptions which provided the basis for this analysis are described as follows:
Commodity prices will fluctuate, affecting future market values for oil and gas.
Typical well production decline with transition from "exponential" decline to "hyperbolic"
decline after the first few years.
R cker Cunr• nghar
"Exponential" growth is characterized by an ever-increasing growth rate or rate of decline,
whereas "hyperbolic" growth is characterized by a sudden and complete growth increase
or decline.
Well utilization rates were applied based on this growth pattern.
The life of a well on average is 20 to 30 years.
It is estimated that 70 wells could be developed within the first 5 years of the 25 -year analysis
period.
Summary Impacts to Weld County
It is assumed that 100% of the total County property tax increment over the 25 -year statutory
period will be allocated to project costs. Table 3 at the end of this report provides a summary of
these property tax revenues.
Property Tax Revenue
Currently, the property tax base in the Area is approximately $38,000. During the 25 -year period,
the County's share of property tax revenue will total approximately $107,000, or $4,300 annually.
After the 25 -year analysis period, the County's share of property tax revenues will increase to
approximately $480,000 annually. These figures reflect the impacts of inflation, conservatively
estimated at approximately 1% annually.
County Services / Infrastructure
Because the majority of the Area will be located within the Town of Erie's municipal boundaries,
minimal impact on County services is anticipated. Infrastructure impacts associated with the
proposed development program are assumed to be financed by the Town of Erie Urban
Renewal Authority, with incremental revenues and/or some combination of these and general
fund dollars, special district resources (assuming future creation of an additional district layer),
and developer contributions. Impacts to the County's general government services could
increase due to an increase in residential development, but such impacts should be more than
offset by the increase in property tax revenue described above and value increases in
properties located outside of, and adjacent to, the Area.
Conclusion
In summary, and regarding "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", there do not appear to be any significant
additional county infrastructure requirements needed to serve development in the proposed
reinvestment Area. Further, the County is not expected to provide public improvements, police,
fire, utility or other specific services to serve such development, because all properties in the
Area are entirely located within the municipal boundaries of the Town and will, therefore, be
R.cker Cunr nghair
served by the Town, subject to current and future intergovernmental agreements. Finally, any
additional demands (direct or indirect) on county services due to a general increase in
population within the Area should be more than offset (as are all other related costs) by
increases in county revenue as described herein, as well as by adjustments in the base property
tax assessment roll and increases in property values located within the Area's influence area.
Table 4 summarizes the I-25 Urban Renewal Plan's adherence to statutory requirements with
respect to the impact report.
Table 4
I-25 Urban Renewal Plan
Statutory Impact Report References
Statutorily Required Information
Statutory Referenc.,c
' Plan Information
Description of the Urban Renewal Project
--
See Table 1
Estimated Duration of Time to Complete the
Urban Renewal Project
(3.5) (a) (I)
25 years
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
(3.5) (a) (II)
See Table 3
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
(3.5) (a) (Ill)
See Table 3; minimal
impact on county
infrastructure and
services
Method under which Authority will Finance
Additional County Infrastructure and Services
Required to Serve Development in the Urban
Renewal Area
(3.5) (a) (IV)
"incremental revenues
and/or some
combination of these and
general fund dollars,
special district resources
(assuming future creation
of an additional district
layer), and developer
contributions"
Any Other Estimated Impacts of the Urban
Renewal Project on County Services or
Rev enues
(3.5) (a) (V)
None
Rx7ker Cunrtrdna+'
Table 3
I-25 Urban Renewal Area
County Impact Analysis
Ct rgulative total By:
2021 2026 ate$ 2031 2036 2041
Weld County
Property Tax Revenues from Existing Base
Property Tax Increment Contributed to URA
Source: Ricker I Cunningham.
$20,360 $41,211 $62,609 $84,525 $107,014
$9,568,778 $20,355,654 $26,798,054 $31.633,437 $34,757,848
R;ckef Cunnlrgnam
Table 3 (cont'd)
I-25 Urban Renewal Area
County Impact Analysis
Development Program
New Development:
R of Wells
Annual Property Tax Revenue Estimates
06,500 000
87.5%
0.148631
Total Property Tex Revenues from New Development:
Total Property Tax Revenues from Existing Development:
County Impact:
County Share of. Property Tax Base:
County Share of Property Tax Increment:
Total County Share of Property Tax Revenue:
Year
2021 2022 2023 2024 2025
2017
2018 2019
$0
$38 000
is
50 SO
$38,000 038,380
$21.558,325 $30,483.471 $37,972,244 $25.084,259 $22.613.149 220.301,582
$38,380 $38,764 538,764 $39,151 539.151 $39.543
0.015800 54.048~:`kl..$4,040 $4,080 $4,080 $4,121 $4,121 $4,162 $4,162 $4,204
0.015800 $0 `1 $0 $0 50 $0 SO $0 SO SO
.14,040�� j, $4,040 $4,080 $4,080 $4,121 24,121 $4,162 $4,162 $4,204
Rrcker Cunnrrgn1arr,
Table 3 (cont'd)
I-25 Urban Renewal Area
County Impact Analysis
Development Program
New Development:
III Dna Gas
# of Wells
70
Annual Property Tax Revenue Estimates
Year
2026 2027 201$317— " 2029 2030 2031 2032 2033
Estimated Cumulative Development.
and Gas Wells '0 '0 70 '0 70 5
Estimated Nell Utilization.
and Gas Wells _40 G% 0 180 17% 1373 150 147
�
m ted Development Market value INet Lease Ccvenuel: DI and Gas Wells $6,500,000 $ 1 0 430.432 $105 540 344 $96 449 529 $92. 286 570 $88.031 515 $83 081 '23 $79 230. 13' $74.693.260
mated Development 4ssessed value:
nd Gas Wells 87,5% $104.501028 $72,353314 $84393.337 $80'51090 $77027570 $73.221507 $69331015 $05350.502
Estlmared Development Ptooety 'ax Revenues 148.031 mlllsl.
DI and Gas Wells 0.148631 $''241523 $15.532_33 $1372o511 $12 543 508 $12.002.150 El1448 '24 $10.883.322 $10.304.861
Total Property Tax Revenues from New Development: $17 941 523 $15,532,233 $13,726,611 $12,543,508 $12,002,156 $11,448,724 $10,883,022 $10,304,861
Total Property Tax Revenues from Existing Development: $39,543 $39,938 $39,938 $40,338 $40,338 $40,741 $40,741 $41,149
County Impact:.
County Share of Property Tax Baser
County Share of Property Tax Increment:
Total County Share of Property Tax Revenues
0.015800 $4,204
0.015800 - .$0
$4,246 $4,246 $4,288 $4,288 $4,331 $4,331 $4,374
$0 $0 $0 $0 $0 $0 $0
$4,246 $4,246 $4,288 $4,288 $4,331 $4,331 $4,374
Recker C_+nr„ngha
Table 3 (cont'd)
I-25 Urban Renewal Area
County Impact Analysis
Development Program
New Development:
D4 and Gas
6 of Wells
Annual Property Tax Revenue Estimates
"y Year
2034 2035 2086+.,, a f 2037 2038 2039 2040 2041
Estimated Dtsmulative Des eloament.
Dtl and Gas Wells '0 '0 70 0 70 '0 0 '0
Estimated Well JRllsation:
Cil and Gas Wells 3% 12% t 1% 0% 0% 3% 0 6%
E ted Development v;tosset valve iNet Lease s'es=_nuel:
and Gas Wells $6,500,000 $'0 05I 00' $65 304 552 $00.405 853 $55 518.64' $50 460 450 $45 302 057 $40.040 542 $34.663.756
Estimated Development Assessed value'.
GI and Gas Wells 87.5% to '05 ISo $57:45 440 852 207 621 048 578 316 $44 158 144 $30 ,a4 200 $35.035.562_ $30.330.'86
Essmated Development Wooer', rax Revenues 114803 m'dlsl:
a and Gas' A/ells 0.148631 54`14340 $9 I'030 $8403087 $;553'30 $7 220 332 $0502001 $53023'' $5.207.388
Total Property Tax Revenues from New Development: $9 714049 $9 110,391 $8,493,687 $7.863,739 $7220,342 $6.563,291 $5,892,377 $5,207,388
Total Property Tax Revenues from Existing Development $41,149 $41,560 $41,560 $41,976 $41,976 $42,395 $42,395 $42,819
County Impact:
County Share of Property Tax Bases
County Share of Property Tax Increments
Total County Share of Property Tax Revenue:
I
0.015800 $4,374 $4,418 $4,418 $4,462 $4,462 $4,507 $4,507 $4,552
0.015800 $0 $0 $0 $0 $0 $0 $0 $0
$4,374 $4,418 $4,418 $4,462 $4,462 $4,507 $4,507 $4,552
PROPERTY TAX INCREMENT REVENUE AGREEMENT
(WELD COUNTY)
1.0 AGREEMENT. This Agreement is made and executed effective as of
2018, by and between the TOWN OF ERIE URBAN RENEWAL AUTHORITY, a body
corporate and politic of the State of Colorado (the ``Authority") and WELD COUNTY, a
political subdivision of the State of Colorado (the "County-) (the Authority and the County are
referred to herein individually as a "Party and collectively as the "Parties"). Capitalized terms
are not otherwise defined are provided in Section 3.0.
2.0 Proposed Urban Renewal Plan Area. The Parties have been advised that the real property
legally described on Exhibit A (the "Property"), which includes both the TIF Area (defined
below) and the Urban Renewal Project Area, lying within the corporate limits of the Town of
Erie (the "Town") is being considered by the Board of Trustees of the Town as an urban renewal
area to be redeveloped by one or more developers and/or property owners in order to eliminate
existing blighted conditions which constitute threats to the health, safety and welfare of the
community and barriers to development and will result in the creation of significant new jobs all
of which will benefit the region, including the Town and the County.
2.1 Urban Renewal and Tax Increment Financing. To accomplish the proposed
redevelopment and to provide certain required public improvements it is necessary to include the
Property in an urban renewal plan, entitled as the "County Road 7 Urban Renewal Plan" (the
"Plan" or "Urban Renewal Plan") authorizing and utilizing tax increment financing in
accordance with the Colorado Urban Renewal Law, Part 1 of Article 25 of Title 31, C.R.S. (the
"Act"), to pay Eligible Costs of the Public Improvements. The proposed Plan that includes the
Property is attached to this Agreement as Exhibit B. However, the tax increment will only be
collected within those portions of the Property located within the tax increment area (the "TIF
Area") as depicted on Exhibit C. The legal description of the TIF Area is provided on Exhibit
C.
2.2 Nature of Urban Renewal Project and Purpose of Agreement. The proposed
project, as outlined in the Plan, consists of any and all undertakings and activities authorized in
the Plan and the Act to eliminate blighted conditions (the "Improvements"), including designing,
developing and constructing the various public improvements ("Public Improvements") and
private improvements ("Private Improvements") (which, collectively, includes paying the costs
of constructing such Improvements and other costs to the extent such costs are Eligible Costs)
necessary to serve the proposed Urban Renewal Area (collectively, the "Urban Renewal
Project"), which includes Public Improvements located within and outside of the Urban Renewal
Area, and to comply with §31-25-107(4)(g) of the Act that requires the Plan to afford maximum
opportunity, consistent with the sound needs of the municipality as a whole, for the rehabilitation
or redevelopment of the Urban Renewal Area by private enterprise.
2.3 The Urban Renewal Area contains Agricultural Land that requires compliance
with the amendments to the Act contained in HB 10-1107, and is subject to the requirements
imposed by HB 15-1348 for new urban renewal plans adopted after January 1, 2016. The
Authority has submitted to the County an Impact Report as required by §31-25-107(3.5) of the
16346616.9
Act, which includes information necessary to comply with HB 10-1 107 and HB 15-1348 and for
the County to analyze the proposed Plan.
2.3.1 Implementation of the Urban Renewal Project is projected to remedy and
prevent blighted conditions, and create significant new employment opportunities and other
benefits, as a result of new private investment, as specified in the Impact Report, that will benefit
the Parties, the region, and the State of Colorado.
2.3.2 The duration of time estimated to complete the Urban Renewal Project is
the 25 -year period the period of time specified in §31-25-109(a) of the Act, commencing upon
approval by the Town of the Plan.
2.3.3 The estimated annual TIF Revenue to be generated by the Urban Renewal
Project for the Duration of the Urban Renewal Project and the portion of such TIF Revenue to be
allocated to fund the Urban Renewal Project are set forth in the Impact Report.
2.3.4 The nature and relative size of the revenue and other benefits expected to
accrue to the Town, the County, and other taxing entities that levy property taxes in the Urban
Renewal Area are set forth in the Impact Report and include, without limitation:
2.3.4.1 The estimated increase in base value for the TIF Area resulting
from biennial general reassessments for the Duration in accordance with §31-25-107(9)(e) of the
Act;
2.3.4.2 The benefit of improvements in the Urban Renewal Area to
existing taxing entity infrastructure in accordance with §31-25-107(3.5) of the Act;
2.3.4.3 The estimate of the impact of the Urban Renewal Project on
County and taxing entity revenues in accordance with §31-25-107(3.5) of the Act;
2.3.4.4 The cost of additional County and taxing body infrastructure and
services required to serve development in the Urban Renewal Area in accordance with §31-25-
107(3.5) of the Act;
2.3.4.5 The capital or operating costs of the Parties, the Town, and other
taxing bodies that are expected to result from the Urban Renewal Project in accordance with HB
15-1348;
2.3.4.6 The legal limitations on the use of revenues belonging to the
Parties, the Town, and any taxing entity in accordance with FIB 15-1348;
2.3.4.7 The other estimated impacts of the Urban Renewal Project on
County and other taxing body services or revenues in accordance with §31-25-107(3.5) of the
Act;
2.3.4.8 The Act requires that Agricultural Land included within an urban
renewal plan area to be valued at fair market value for purposes of establishing the base and
2
16346616 9
calculating the increment. Accordingly. as demonstrated in the Impact Report, the Agricultural
Land base value has been established at fair market rates.
2.4 Colorado Urban Renewal Law. In accordance with the Act as amended to the
date of this Agreement (including the requirements of HB 15-1348), the Parties desire to enter
into this Agreement to facilitate adoption of the Plan and redevelopment of the proposed Urban
Renewal Area described therein.
3.0 DEFINITIONS. In this Agreement, unless a different meaning clearly appears from the
context:
3.1 "Act" has the meaning set forth in Section 2.1.
3.2 "Administrative Fee" has the meaning set forth in Section 4.3.
3.3 `'Agreement" means this Agreement, as it may be amended or supplemented in
writing. References to sections or exhibits are to this Agreement unless otherwise qualified.
3.4 "Agricultural Land" shall have the same meaning as defined in §31-25-103 of the
Act.
3.5 "Authority" has the meaning set for in Section 1.0.
3.6 "Authority Increment' has the meaning set forth in Section 4.1.
3.7 "Base Valuation" means the valuation that was last certified by the County
Assessor prior to the effective date of approval of the Urban Renewal Plan for assessment of the
taxable property within the Urban Renewal Area.
3.8 "Bonds" shall have the same meaning as defined in §31-25-103 of the Act.
3.9 "County" has the meaning set forth in Section 1.0.
3.10 "County Increment" has the meaning set forth Section 4.1.
3.11 "Duration" has the meaning set forth in Section 4.1.
3.12 "Effective Date" means the date this Agreement takes effect, which shall be the
date first set forth in Section 1.0.
3.13 "Eligible Costs" means those costs eligible to be paid or reimbursed from
Property Tax Increment Revenues pursuant to the Act.
3.14 "Future Mill Levy" means any new or increased property tax mill levy on the TIF
Area that the County's eligible electors have approved, for any lawful purpose, pursuant to §31-
25-107(9)(a)(II) of the Act.
3.15 "Impact Report' means the impact report setting forth the burdens and benefits of
the Urban Renewal Project previously submitted to the County.
3
16346616.9
3.16 "Improvements has the meaning set forth in Section 2.2.
3.17 "Increment" has the meaning set forth in Section 4.1.
3.18 "Party" or "Parties" has the meaning set forth in Section 1.0.
3.19 "Plan" has the meaning set forth in Section 2.1.
3.20 "Project" shall have the same meaning as Urban Renewal Project.
3.21 "Property" has the meaning set forth in Section 2.0.
3.22 "Property Tax Increment Revenues- means the net TIF Revenues described in
§31-25-107(9)(a)(II) of the Act allocated to the Special Fund for the Duration of the Urban
Renewal Project, after paying the County Increment and any other increment to any public body,
and after paying the Administrative Fee.
3.23 "Private Improvements" has the meaning set forth in Section 2.2.
3.24 "Public Improvements" has the meaning set forth in Section 2.2.
3.25 "Special Fund" means the fund described in the Plan and §31-25-107(9)(a)(II) of
the Act into which the Property Tax Increment Revenues will be deposited.
3.26 "TIF Revenue" means that portion of the property tax assessment for the TIF
Area, which is produced by the levy of each public body, in excess of the portion of the property
tax assessment based upon the Base Valuation, as described in described in §31-25-107(9)(a)(II)
of the Act.
3.27 "Town' has the meaning set forth in Section 2.0.
3.28 "Urban Renewal Area" means the area included in the boundaries of the Plan.
3.29 "Urban Renewal Plan- has the meaning set forth in Section 2.1.
3.30 "Urban Renewal Project"" has the meaning set forth in Section 2.2.
4.0 PROPERTY TAX INCREMENT REVENUES. In compliance with the requirements of
HB 15-1348, and in consideration of the agreement of the County to the adoption of the Urban
Renewal Plan and inclusion of Agricultural Land in the Urban Renewal Area, the Parties have
negotiated and agreed to the allocation of TIF Revenues as set forth herein.
4.1 The County Increment Revenues. Each year the Authority will receive TIF
Revenue from the Weld County Treasurer from the property tax levy of the County (the
"Increment"). The County and the Authority agree that the Authority will first deduct the pro rata
portion of the Administrative Fee (defined below) from the Increment and then remit and pay to
the County [ ] percent ([ ]%) of the Increment (the "Count), Increment"). The County and
the Authority further agree that the Authority may retain and expend in furtherance of the Urban
Renewal Project the remaining [ ] percent ([ ]%) of the Increment, net after deduction of
4
16346616.9
the Administration Fee (the "Authority Increment"), commencing on the date of approval by the
Town of the Plan, and lasting for the maximum period of twenty-five (25) years that the
Authority is authorized to receive TIF Revenues pursuant to the Act (the "Duration").
4.2 Mill Levy Allocation. Any revenue derived from a Future Mill Levy shall not be
considered part of the Increment and shall not be allocated to. nor, when collected, paid into the
Special Fund.
4.3 Administrative Fee. An administrative fee equal to one percent (1%) of the TIF
Revenues (the "Administrative Fee") as determined on an annual basis shall be retained by the
Authority. Notwithstanding anything to the contrary set forth in this Agreement or in the Plan,
the Authority shall be entitled to retain the Administrative Fee to pay the reasonable and
customary administrative costs of the Authority incurred in connection with the Authority's
obligations under this Agreement including, but not limited to, the collection, enforcement,
disbursement, and administrative fees and costs related to the TIF Revenues, Property Tax
Increment Revenues, County Increment, any other increment to any other public body, the
Authority Increment, the Urban Renewal Area and the Urban Renewal Project. The
Administrative Fee shall be deducted annually from the gross TIF Revenues received prior to
calculating the County Increment.
5.0 CONSENTS AND WAIVERS. This Agreement shall constitute the agreement in writing
by the County to the following provisions.
5.1 Inclusion of Agricultural Land in Urban Renewal Area. This Agreement
constitutes agreement by the County to inclusion of the Agricultural Land in the Urban Renewal
Area as required by HB 10-1107 and §31-25-107(1)(c)(II)(D) of the Act.
5.2 Pledge of Property Tax Increment Revenues. The County recognizes and agrees
that the adoption and approval of the Plan includes an irrevocable pledge of all of the Property
Tax Increment Revenues, including the Authority Increment, to pay the Authority's Bonds and
other financial obligations in connection with the Urban Renewal Project. The Authority has
elected to apply the provisions of §11-57-208, C.R.S., to this Agreement. The Property Tax
Increment Revenues, when and as received by the Authority are and shall be subject to the lien
of such pledge for the Duration of the Project without any physical delivery, filing, or further act
and is and shall be an obligation of the Parties pursuant to §31-25-107(9) of the Act. The Parties
agree that the creation, perfection, enforcement and priority of the pledge of the Property Tax
Increment Revenues shall be governed by §11-57-208, C.R.S. The lien of such pledge on the
Property Tax Increment Revenues shall have priority over any of all other obligations and
liabilities of the Parties with respect to the Property Tax Increment Revenues.
6.0 NOTIFICATION OF SUBSTANTIAL MODIFICATIONS OF THE PLAN;
AGREEMENT NOT PART OF PLAN. The Authority agrees to notify the County of any
intended substantial modification of the Plan as required by §31-25-107(3.5)(a) of the Act. This
Agreement is not part of the Plan.
7.0 WAIVER. Except for the notices required by this Agreement, the County, as authorized
by §31-25-107(9.5)(b) and §31-25-107(11) of the Act, hereby waives any provision of the Act
5
16346616.9
that provides for notice to the County, requires any filing with or by the County, requires or
permits consent from the County, and provides any enforcement right to the County for the
Duration.
8.0 CONSENT TO PLAN'S INCLUSION OF UNINCORPORATED TERRITORY. A
portion of the Property is located within unincorporated Weld County. In accordance with §31-
25-112.5(5) of the Act, the County hereby consents to the inclusion of the unincorporated portion
of the Property within the Plan.
9.0 AGREEMENT CONFINED TO INCREMENT REVENUES. This Agreement applies
only to the Increment described in Section 4.0, as calculated, produced, collected and paid to the
Authority from the Urban Renewal Area by the Weld County Treasurer in accordance with §31-
25-107(9)(a)(II) of the Act and the rules and regulations of the Property Tax Administrator of the
State of Colorado, and does not include any other revenues of the Parties or the Town.
10.0 MISCELLANEOUS.
10.1 Delays. Any delays in or failure of performance by any Party of its obligations
under this Agreement shall be excused if such delays or failure are a result of acts of God; fires;
floods; earthquake; abnormal weather; strikes; labor disputes; accidents; regulation or order of
civil or military authorities; shortages of labor or materials; governmental action; or other causes,
similar or dissimilar, including economic downturns, which are beyond the control of such Party.
10.2 Termination and Subsequent Legislation or Litigation. In the event of termination
of the Plan prior to the Duration, including its TIF financing component, the Authority may
terminate this Agreement by delivering written notice to the County. The Parties further agree
that in the event legislation is adopted or a decision by a court of competent jurisdiction after the
effective date of this Agreement that invalidates or materially affects any provisions hereof, the
Parties will in good faith negotiate for an amendment to this Agreement that most fully
implements the original intent, purpose and provisions of this Agreement, but does not impair
any otherwise valid contracts in effect at such time.
10.3 Entire Agreement. This instrument embodies the entire agreement of the Parties
with respect to the subject matter hereof. There are no promises, terms, conditions, or obligations
other than those contained herein; and this Agreement shall supersede all previous
communications, representations, or agreements, either verbal or written, between the Parties
hereto. No modification to this Agreement shall be valid unless agreed to in writing by the
Parties.
10.4 Binding Effect. This Agreement shall inure to the benefit of and be binding upon
the Parties and their successors in interest.
10.5 No Third -Party Enforcement. It is expressly understood and agreed that the
enforcement of the terms and conditions of this Agreement, and all rights of action relating to
such enforcement, shall be strictly reserved to the undersigned Parties and nothing in this
agreement shall give or allow any claim or right of action whatsoever by any other person not
included in this Agreement. It is the express intention of the undersigned Parties that any person
6
16346616.9
or entity other than the undersigned Parties receiving services or benefits under this Agreement
shall be an incidental beneficiary only.
10.6 No Waiver of Immunities. No portion of this Agreement shall be deemed to
constitute a waiver of sovereign or governmental immunity that the Parties or their officers or
employees may possess, nor shall any portion of this Agreement be deemed to have created a
duty of care which did not previously exist with respect to any person not a party to this
agreement.
10.7 Amendment. This Agreement may be amended only by an instrument in writing
signed by the Parties.
10.8 Parties not Partners. Notwithstanding any language in this Agreement or any
other agreement, representation, or warranty to the contrary, the Parties shall not be deemed to be
partners or joint venturers, and no Party shall be responsible for any debt or liability of any other
Party.
10.9 Interpretation. All references herein to Bonds shall be interpreted to include the
incurrence of debt by the Authority in any form consistent with the definition of "Bonds" in the
Act, including payment of Eligible Costs or any other lawful financing obligation.
10.10 Incorporation of Recitals and Exhibits. The provisions of the Recitals and the
Exhibits attached to this Agreement are incorporated in and made a part of this Agreement.
10.11 No Assignment. No Party may assign any of its rights or obligations under this
Agreement without the consent of the other party, except that the Authority may enter into one or
more agreements with private parties, which agreements may include an agreement for payment
of TIF Revenues, in furtherance of the Plan, which shall not be deemed an assignment of this
Agreement.
10.12 Section Captions. The captions of the sections are set forth only for the
convenience and reference of the Parties and are not intended in any way to define, limit, or
describe the scope or intent of this Agreement.
10.13 Execution in Counterparts. This Agreement may be executed in several
counterparts, each of which shall be deemed an original and all of which shall constitute but one
and the same instrument.
10.14 Governing Law. This Agreement and the provisions hereof shall be governed by
and construed in accordance with the laws of the State of Colorado.
10.15 No Presumption. The Parties to this Agreement and their attorneys have had a
full opportunity to review and participate in the drafting of the final form of this Agreement.
Accordingly, this Agreement shall be construed without regard to any presumption or other rule
of construction against the Party causing the Agreement to be drafted.
10.16 Days. If the day for any performance or event provided for herein is a Saturday, a
Sunday, a day on which national banks are not open for the regular transactions of business, or a
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16346616.9
legal holiday pursuant to C.R.S. § 24-11-101(1), such day shall be extended until the next day on
which such banks and state offices are open for the transaction of business.
[.Signature page follows]
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16346616.9
IN WITNESS WHEREOF, the Parties hereto have caused their duly authorized officials
to execute this Agreement effective as of the day and year first above written.
COUNTY:
ATTEST: WELD COUNTY
BY: BY:
Secretary
AUTHORITY:
ATTEST: TOWN OF ERIE URBAN RENEWAL
AUTHORITY
BY:
Secretary
BY: _
I
16346616 9
EXHIBIT A
Property Legal Description for Urban Renewal Plan Area
All of Sections 4, 10 and 15, and N'/2N '/2 of Section 22, Township 1 North, Range 68 West of
the 6th P.M., County of Weld, State of Colorado
Exhibit A
163,46616 .9
EXHIBIT B
Urban Renewal Plan
[See Attached]
Exhibit B
16346616.9
EXHIBIT C
Legal Description and Depiction of TIE Area
PROPERTY DESCRIPTION — SECTION 4
A PARCEL OF LAND LOCATED IN THE SOUTH HALF OF SECTION 4, TOWNSHIP 1 NORTH,
RANGE 68 WEST OF THE 6'1 PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF
COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION 4; THENCE N0°02'05"E
ALONG THE WEST LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 4 A DISTANCE
OF 800.03 FEET: THENCE N89°33'57"E ALONG A LINE 800 FEET NORTH OF AND PARALLEL
WITH THE SOUTH LINE OF SAID SOUTHWEST QUARTER A DISTANCE OF 2631.14 FEET;
THENCE N89°44'55"E ALONG A LINE 800 FEET NORTH OF AND PARALLEL WITH THE
SOUTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 4 A DISTANCE OF 2641.51
FEET TO A POINT ON THE EAST LINE OF SAID SOUTHEAST QUARTER; THENCE S0°08' 15"E
ALONG SAID EAST LINE A DISTANCE OF 800.00 FEET TO THE SOUTHEAST CORNER OF
SAID SECTION 4: THENCE S89°44'55"W ALONG THE SOUTH LINE OF SAID SOUTHEAST
QUARTER A DISTANCE OF 2638.65 FEET TO THE SOUTH QUARTER CORNER OF SAID
SECTION 4; THENCE 589°33'57"W ALONG THE SOUTH LINE OF SAID SOUTHWEST
QUARTER A DISTANCE OF 2636.41 FEET TO THE POINT OF BEGINNING;
CONTAINING 4,219,082 SQUARE FEET OR 96.857 ACRES, MORE OR LESS.
Exhibit C
16346616.9
w
O
0
0
z
S 1/2 SECTION 4
T1N, R68W, 6TH P.M.
N89'33'57"E N89'44'55"E
2631.14'
2641.51'
2636.41' 2638.65'
589'33'5/"W S 7/4 S89'44'55"W
SEC 4
WELD COUNTY RD. 12
POINT OF BEGINNING
SW CORNER OF SECTION 4
NORTH
SCALE: 1" = 1000'
0 500 1000 2000
SE CUR
SEC 4
EHRHART
P.0 Box 930 • Erie. Colorado 80515
(303? 828-3340 • www.colorodols.corn
TOWN OF ERIE
SITUATED IN THE S 1/2 OF SEC. 4,
T1 N, R68W OF THE 6TH P.M.
WELD COUNTY, COLORADO
DATE:
2/26/18
SCALE
1"=1000
J06 NO.:
S185028
DRAWN:
JDA
CHECKED:
JPE
Exhibit C
163466169
PROPERTY DESCRIPTION - SECTION 10
A PARCEL OF LAND LOCATED IN THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP
1 NORTH, RANGE 68 WEST OF THE 6'" PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE
OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTH QUARTER CORNER OF SAID SECTION 10; THENCE
N89°46'02"E ALONG THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 10
A DISTANCE OF 2657.85 FEET; THENCE S0°23'47"E ALONG THE EAST LINE OF SAID
NORTHEAST QUARTER A DISTANCE OF 800.00 FEET; THENCE S89°46'02"W ALONG A LINE
800 FEET SOUTH OF AND PARALLEL WITH THE NORTH LINE OF SAID NORTHEAST
QUARTER A DISTANCE OF 2663.69 FEET TO A POINT ON THE WEST LINE OF SAID
NORTHEAST QUARTER; THENCE N0°01' 19"E ALONG SAID WEST LINE A DISTANCE OF
800.01 FEET TO THE POINT OF BEGINNING;
CONTAINING 2,128,613 SQUARE FEET OR 48.866 ACRES, MORE OR LESS.
Exhibit C
16 346616.9
POINT OF BEGINNING
N 1/4 CORNER SEC17ON 10
WELD C0UN7'Y RD. 12
NORTH
SCALE: 1" = 500'
II
0 250 500 1000
NE 1/4 SECTION 10
T1N, R68W, 6TH P.M.
EHRHART
P.O. Box 330 • Erie. Colorado 80516
f 303; 828-3340 • www ooloradols.corn
TOWN OF ERIE
SITUATED IN THE NE 1/4 OF SEC. 10,
T1 N, R68W OF THE 6TH P.M.
WELD COUNTY, COLORADO
DATE:
2/26/18
SCALE
1"=500'
JOB NO.:
SI 85028
DRAWN:
JDA
CHECKED:
JPE
Exhibit C
16346616 9
PROPERTY DESCRIPTION - SECTION 22
A PARCEL OF LAND LOCATED IN THE NORTHEAST QUARTER OF SECTION 22, TOWNSHIP
1 NORTH, RANGE 68 WEST OF THE 61H PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE
OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTH QUARTER CORNER OF SAID SECTION 22; THENCE
N89°31'08"E ALONG THE NORTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 22
A DISTANCE OF 2680.38 FEET; THENCE S0°13'53"E ALONG THE EAST LINE OF SAID
NOTHEAST QUARTER A DISTANCE OF 2400.02 FEET; THENCE S89°31'08"W ALONG A LINE
2400.00 FEET SOUTH OF AND PARALLEL WITH THE NORTH LINE OF SAID NORTHEAST
QUARTER A DISTANCE OF 2663.72 FEET TO A POINT ON THE WEST LINE OF SAID
NORTHEAST QUARTER; THENCE N0°37'44"W ALONG SAID WEST LINE A DISTANCE OF
2400.01 FEET TO THE POINT OF BEGINNING;
CONTAINING 6,412,919 SQUARE FEET OR 147.220 ACRES, MORE OR LESS.
Exhibit C
16346616.9
POINT OF BEGINNING
N 1/4 CORNER SECT70N 22
17—
a • o
0 N
z
ERIE PARKWAY
N89'31 '084E
NE COR
SEC 22
2680.38'
NE 1/4 SECTION 22
TIN, R68W, 6TH P.M.
2663.72'
NORTH
SCALE: 1" = 500'
0 250 500 1000
589'31'08"W
0
EHRHART
P.O Sox 930 • Erie. Colorado 80515
(303) 828-3340 • www.;:oloradols.com
TOWN OF ERIE
SITUATED IN THE NE 1/4 OF SEC. 22,
T1N, R68W OF THE 6TH P.M.
WELD COUNTY, COLORADO
DATE:
2/26/18
SCALE
1'=500'
JOB NO.:
S185028
DRAWN:
JDA
CHECKED:
JPE
Exhibit C
16346616.9
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