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HomeMy WebLinkAbout20153724.tiff CITY OF DACONO COLORADO ES, 1908 November 13, 2015 Weld County Commission c/o Ms. Esther Gesick Clerk to the Board RECEIVED 1150 O Street P.O. Box 758 NOV 17 2015 Greeley, CO 80632 WELD COUNTY Sent via certified mail COMMISSIONERS Dear Ms. Gesick, Please find enclosed the Urban Renewal Plan and the Dacono Urban Renewal Area Weld County Impact Report for the City of Dacono, Colorado. I sent the Weld County Impact Report without including the Urban Renewal Plan to you yesterday via certified mail. Sine ly, Valerie Tayl City Clerk OitCOMUitt611494A . tlb "Aar )j.$ "O,5- �e'?GQ1I I y 2015-3724 512 Cherry Street/PO Box 186/Dacono,CO 80514/Tel:303.83`33.2317/Fax:303.833.5528/www.cityofdacono.com CITY OF DACONO COLORADO EST. 1908 November 12, 2015 Weld County Commission c/o Ms. Esther Gesick Clerk to the Board RECEIVED 1150 O Street P .O. Box 758 NOV 162015 Greeley, CO 80632 WELD COUNTY Sent via certified mail COMMISSIONERS Dear Ms. Gesick, Please find enclosed the Urban Renewal Plan for the City of Dacono, Colorado. This report outlines the anticipated impact of the proposed Dacono Urban Renewal Area on Weld County (the County) . It responds to the requirements outlined in C.R. S . 31 -25 - 107 (3 .5) : C.R. S . 31 -25 - 107 : APPROVAL OF URBAN RENEWAL PLANS BY THE LOCAL GOVERNING BODY (3 .5) "Prior to the approval of an urban renewal plan, the governing body shall submit such plan to the board of county commissioners, which shall include, at a minimum, the following information concerning the impact of such plan: I. The estimated duration of time to complete the urban renewal project; II. The estimated annual property tax increment to be generated by the urban renewal project and the portion of such property tax increment to be allocated during this period to fund the urban renewal project; III. An estimate of the impact of the urban renewal project on county revenues and on the cost and extent of additional county infrastructure and services required to serve development within the proposed urban renewal area, and the benefit of improvements within the urban renewal area to existing county infrastructure; IV . A statement setting forth the method under which the authority or the municipality will finance, or that agreements are in place to finance, any additional county infrastructure and services required to serve development in the urban renewal area for the period in which all or any portion of the property taxes described in subparagraph (ii) of paragraph (a) of subsection (9) of this section and levied by a county are paid to the authority; and V. Any other estimated impacts of the urban renewal project on county services or revenues." Since ly, 424.__ . a Valerie Ta or City Clerk 2015-3645 11-a3 - aois 512 Cherry Street / PO Box 186 /Dacono, CO 80514 / Tel: 303.833.2317 / Fax: 303.833.5528 / www.cityofdacono.com e Ricker j Cunningham Dacono Urban Renewal Area Weld County Impact Report Dacono, Colorado November 2015 PREPARED FOR : Economic Development Authority of Dacono Dacono City Council PREPARED BY: RickerCunningham 8200 South Quebec Street, Suite A3 -104 Centennial, CO 80112 303 .458 . 5800 phone 303 .458 . 5420 fax www. rickercunningham . com lerippe RickerlCunningham Summary of Urban Renewal Plan Development Program The proposed development program for the Dacono Urban Renewal Area is consistent with current policy documents and plans for the City of Dacono . The estimated level of development is anticipated to be completed over 20 to 25 years, and the total build-out is summarized in Table 1 . Table 1 Dacono Urban Renewal Area Estimated Development Build-Out Units New Redevelopment : Sq Ft/ Residential 300 Reta i I /Service 150,000 Office/Industrial 100,000 Source : RickenCunningham . Development Timing The development timetable for the proposed program presented above will ultimately be determined by prevailing market conditions . A critical component of the analysis presented here is the assumption that parcels within the planning area will be developed into a mix of residential , retail/service, and office/industrial uses . For the purposes of this analysis, it was assumed that redevelopment and new development in the Dacono Urban Renewal Area (the Area ) would be substantially completed during the 25-year analysis period . 2 Ricker Cunningham Summary Impacts to Weld County For the purposes of this analysis, it is assumed that 100% of the total property tax increment over the 25-year period would be dedicated to the Area . Table 2 at the end of this report provides a summary of property tax revenues that could be generated from new redevelopment within the Area . Estimates are based on the level of development outlined above and reflect the 25-year tax increment period . Property Tax Revenue Currently, the property tax base in the Area is approximately $ 1 .4 million . As presented in Table 2, and based on the proposed level of development, the County's share of property tax revenue would be limited to its share of the property tax base -- approximately $ 5 . 1 million over the 25- year period, or $204,000 annually ( on average ) adjusted for general reassessments . After the 25-year analysis period is completed, the County's share of property tax revenues would be approximately $420,000 on an annual basis. These figures reflect the impacts of inflation, conservatively estimated at approximately 1% to 2% on an annual basis . County Services / Infrastructure Because the entire Area is located within the City of Dacono's municipal boundaries, there is anticipated to be a minimal impact on County services . Infrastructure impacts associated with the proposed level of development are assumed to be financed by the Economic Development Authority of Dacono and the City of Dacono with increment revenues and/or some combination of increment dollars, general fund dollars and special district dollars ( 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 non- residential and residential development, but such impacts should be offset by the increase in value realized by properties contiguous to the Area . 3 Ricker Cunningham Net Impact to County Table 2 also illustrates the net impact to the County over the 25-year tax analysis period . As shown, the County's net impact, in terms of tax revenue, is estimated to be a surplus of approximately $ 2 . 8 million . This estimate accounts for deferred property tax revenues of $ 2 . 2 million that would be directed to the Area during the 25-year period . 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 additional County infrastructure requirements required to serve development in the proposed reinvestment Area at this time . Further, the City does not contemplate that the County will have to provide any public improvements, police, fire, utility or other specific services to serve such development as properties in the area are entirely located within the municipal boundaries of the City and will therefore be served by the City. 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To ,t^ +r J 7 7 w 7 o �' Lail ❑ Z 0 1 K ct O Q W W W W r— r— f— W F— V V L 1- to Dacono Area Urban Renewal Plan City of Dacono, Colorado November 2015 Prepared for: Dacono Economic Development Authority ( DEDA) Dacono City Council Prepared by: RickerlCunningham 8200 South Quebec Street, Suite A3- 104 Riclostileunningham Centennial, CO 80112 303 .458 . 5800 phone 303 .458 . 5420 fax www. rickercunningham . com T 04 Dacono Area Urban Renewal Plan Table of Contents Section 1.0 Introduction 3 1 . 1 Preface 1 . 2 Blight Findings 1. 3 Other Findings 1 .4 Urban Renewal Plan Area Boundaries and Characteristics 1.4. 1 Map of Dacono Area Urban Renewal Planning Boundary 1 . 5 Public Input Section 2.0 Definitions 6 Section 3.0 Plan Purpose 7 3 . 1 Plan Approach - Eliminating Conditions of Blight 3 . 2 Plan Approach - Advancing Local Objectives 3 . 2 . 1 Plan Vision 3 . 2 . 2 Plan Goals and Objectives 3 . 3 Plan Implementation Section 4.0 Blight Conditions 12 Section 5.0 Plan Relationship to Other Community Documents 13 5 . 1 Plan Conformity 5 . 2 Consistency with the Comprehensive Land Use Plan 5 . 3 Correlation with Other Community Plans Section 6.0 Authorized Urban Renewal Undertakings and Activities 14 6. 1 Complete Public Improvements and Facilities 6. 2 Complete Other Improvements and Facilities 6. 3 Promote Development and Redevelopment 6.4 Adopt Standards 6. 5 Modify the Plan 6. 6 Review the Plan 6. 7 Provide Relocation Assistance 6 .8 Demolish, Clear and Prepare Improvements 6. 9 Acquire and Dispose of Property 6. 10 Enter Into Redevelopment / Development Agreements Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 1 Y 6 . 11 Enter Into Cooperation Agreements 6 . 12 Create Tax Increment Areas Section 7.0 Project Financing 19 7 . 1 Public Investment Objective 7 . 2 Financing Mechanisms 7 . 3 Tax Increment Financing 7 . 3 . 1 Special Fund 7 . 3 . 2 Base Amount 7 . 3 . 3 Incremental Revenues 7.4 Other Financing Mechanisms and Structures Section 8.0 Severability 20 Appendix A: Excerpts from the City of Dacono Comprehensive Land Use Plan, adopted 2005 24 Appendix B : Dacono Area Urban Renewal Planning Boundary Legal Description 35 1$ Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 2 1 Dacono Area Urban Renewal Plan City of Dacono , Colorado 1.0 Introduction 1. 1 Preface This Dacono Area Urban Renewal Plan (the "Plan" or the "Urban Renewal Plan" ) has been prepared for the City of Dacono ( "City " ) . It will be carried out by the Economic Development Authority of Dacono (the "Authority" or " EDAD" ), 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 (the "Act" ) . It has been prepared to satisfy the requirements of § 31-25-107( 1 ), C. R. S., that an urban renewal plan be adopted by the governing body of the municipality before an urban renewal authority undertakes an Urban Renewal Project. The administration and implementation of this Plan, including the preparation and execution of any documents implementing it, shall be performed by the Authority. 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 each urban renewal area, conditions of blight, as defined by the Act, must be present, and in order for the Authority to exercise its powers, the City Council must find that the presence of those conditions of blight, "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 Dacono Area Conditions Survey (the " Survey" ), prepared by RickerECunningham, dated November, 2015, and presented to the Authority under separate cover, demonstrates that the Dacono Urban Renewal Area ( herein referred to as the "Area" and " Plan Area " ) and as defined in the Survey (therein referred to as the " Survey Area " ), is a blighted area under the Act whereas 11 of 11 factors were found to be present within its boundaries . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 3 s , 1 .3 Other Findings As such, the Area, as described in more detail in Section 1 . 4 below, will be eligible for one or more urban renewal activities and undertakings authorized by the Act to be advanced by the Authority. To this end, it is the intent of the City Council in adopting this Plan that the Authority has available to it any and all powers authorized in the Act which are necessary and appropriate to accomplish the objectives stated herein . Further, it is the intent of this Plan that the Authority exercises these powers for the elimination of qualifying blighting conditions in the Area and furtherance of the goals and objectives of the community's general plan . Because powers conferred by the Act are intended to advance improvements for which public money may be expended, the intent of this Plan is considered to be in the public interest and a necessity -- such finding being a matter of legislative determination by the City Council . 1.4 Urban Renewal Area Boundaries and Characteristics 4 The Area includes 352 legal non-residential parcels comprising approximately 4,480 4 total acres, including rights-of-ways, all located within the municipal borders of the city of Dacono and Weld County, Colorado. These boundaries, while including all non- residential parcels within the city, were defined as narrowly as feasible to accomplish 4 the planning and development objectives of the Plan_within the Plan Area . w Although it is not the intent of this Plan to include single family residential structures within the Plan Area, it is its intent to include infrastructure supporting the neighborhoods where they are located, as well as all other public infrastructure serving the community. Despite their exclusion, property types within the Area as defined by the Weld County Assessor's office include Residential, Commercial, Industrial, Vacant, State, and Exempt, while zoning designations include Residential, Commercial, Civic and Open Space, Light Industrial, and Agricultural . Note that several parcels are zoned as one classification, yet assessed another. For instance, numerous parcels classified as Agricultural by the Weld County Assessor, are actually assessed at a Commercial rate . 1 . 5 Public Input The EDAD will consider the Plan on November 2, 2015 at a special meeting of the Authority. The Planning Commission will review the Plan on December 1, 2015 and determine if it is consistent with the City's Comprehensive Land Use Plan, adopted 2005 . City Council will consider the findings of blight, documented in the Survey, and I Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 4 t I A I Dacono Area Urban Renewal Plan Boundary COLORADO • ii 1_ (I) ---- ------- 4 :c ,V _ —_._, 4 < . O 11.ell, I- ` _ Cd -nip; 1_. - __- ._.._ .-sat.•- ._s. -i�-.v-c . 1 if S en • • ----k'_(.' :Q. ' - - -- te *.3= rc<, drandv;ewgBlvd FA. �sv., ' Cm?dAif2 - 25 .. . � _ r ' zsit 87 } r { 70.. Co Rd 1 :d`4 - ; .• t T. ........„, , , ... __. . - -- co 4o i:' IDC ,,.CoRd10 M '.5' `. 4�r•, • :t- -;-t`! 1.i. i • t:: _ 'S o - - a . • la - __ �J . CSI `_-x'-+ Z.t -t k Summit Btvd Cr :, - ° o Co Rd . la CD ri ` t � ` ea � , Z r -4. 4.r. �, .� • ,�n.�'� " _ lion ca ;? 0.--•! a CD H. 0 0.5 IIIII Dacono Municipal Boundary Parcels within the Urban Renewal Plan Boundary Excluded Residential Parcels Mimes - Urban Renewal Plan Boundary IIII Survey Area Parcels (additional) RICKER I CUNNINGHAM (303) 458-5800 www. rickercunningham . com '"' - le cat 8200 South Quebec Street, Suite A3- 104 - Centennial, CO 80112-4411 ` a`' adoption of the Plan, at a public hearing on December 14, 2015 . As required by the Act, every reasonable attempt was made to notify all property owners and owners of a business interest in the Area of the public hearing . The hearing notice appeared in the XX, the community's designated legal newspaper of general circulation, describing its purpose, as well as its date, time and location . 2.0 Definitions Act - means the Urban Renewal Law of the State of Colorado, Part 1 of Article 25 of Title 31, Colorado Revised Statutes, as amended . Unless otherwise stated, all capitalized and bolded terms herein shall have the same meaning as set forth in the Act. Area or Urban Renewal Area - means the boundaries of the Dacono Area Urban Renewal Plan as depicted in Figure No. 1 . Authority - means the Economic Development Authority of the City of Dacono (the Authority and EDAD) . 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 . Weld County Impact Report - means the Dacono Area Urban Renewal Plan - Weld County Impact Report prepared by Ricker' Cunningham, dated November 2015, and presented to the Authority Board under separate cover. Comprehensive Land Use Plan - means the City of Dacono Comprehensive Land Use Plan, adopted 2005 . Cooperation Agreement - means any agreement between the Authority and City, 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 . C. R.S. - means the Colorado Revised Statutes, as amended from time to time . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 6 I Plan or Urban Renewal Plan - means this Dacono Area Urban Renewal Plan (the Plan ) . Redevelopment / Development Agreement - means one or more agreements between the Authority and developer(s) 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 . Study Area - means the geographic area defined for the Survey. Survey - means the Dacono Area Conditions Survey, prepared by RickeriCunningham, dated November, 2015 and presented to the Authority Board under separate cover. Tax Increment - means that portion of property and / or municipal sales taxes in excess of the Base Amount 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 Areas - means one or more areas designated as a Tax Increment Area, as defined and pursuant to the procedures set forth in Section 6. 12 of this Plan . Tax Increment Finance (or Financing) (TIF) - means a financing mechanism which uses future revenues resulting from private investment within an established area (Tax Increment Area ) to fund improvements for the public benefit. Tax Increment Revenue 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 an established urban renewal area . City Council — means the City Council of the City of Dacono . Urban Renewal Project — as defined in the Act. 3.0 Plan Purpose The purpose of this Plan is to reduce, eliminate and prevent the spread of blight and to stimulate and catalyze growth and investment within the Area boundaries . To accomplish this purpose, the Plan is intended to promote local objectives expressed in adopted community plans and advance the vision and priorities of the City of Dacono Comprehensive Land Use Plan, Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 7 adopted in 2005 . These objectives and priorities are referenced in the discussion that follows and more specific excerpts (taken verbatim ) presented in Appendix A of this Plan and further addressed in Section 5 .0 below. 3. 1 Plan Approach - Eliminating Conditions of Blight As explained above, the purpose and intent of this, and all urban renewal plans, is to both remove conditions of blight and advance local objectives . The approach to eliminating conditions of blight in the Area will be to actively promote investment within its boundaries; where necessary participate in investment within its boundaries; and, to make financial resources available to assist property and business interests with the same, especially investment that otherwise would have been infeasible due to the presence of these conditions. 3.2 Plan Approach - Advancing Local Objectives The approach to advancing local objectives is to ensure this Plan 's vision aligns with that of the community; and, to further stated principles, both as expressed in the 2005 Comprehensive Land Use Plan and presented below. 3.2. 1 Plan Vision (taken verbatim) Whereas the intent of this Plan is to implement priority projects in the Comprehensive Plan, their shared vision is to -- guide development and re- development over a 20-year horizon to benefit current and future residents. As the City grows, it will likely change in character, too, ideally consistent with the following (provided via public input): VISION 1 : Our future development will be concentrated within a growth boundary, be actively managed, served by adequate public facilities and will encourage economic vitality VISION 2: Our community will strive to balance future land uses and ensure economic self-sustainability VISION 3: Our communities will be livable, walkable, safe and distinctive VISION 4: Our environmental resources will be protected and when used, used wisely VISION 5: Our citizens will take part in the decisions and actions that affect them Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 8 3.2.2 Plan Goals and Objectives While an overriding goal of the Plan is to facilitate investment in the Area sufficient to fund public improvements, particularly those that serve to mitigate conditions of blight, in order to effectively advance local objectives, development within its boundaries will need to reflect intentions expressed in the general plan for the community. The following offers a description of goals (taken verbatim) identified to advance the stated vision, with those that will be furthered through implementation of this Plan presented in red . 1 . Use the Comprehensive Plan for all City land use decisions . 2. Set high aesthetic standards for new developments. 3. Create, manage and sustain a robust, diverse, local economy to provide employment. 4. Ensure that new development "pays its own way." 5 . Provide outstanding services to Dacono's citizens by ensuring an attractive quality of life. 6. Create great first impressions at strategic gateways in Dacono through distinctive design and adequate resources to maintain the city's improved appearance. 7. Protect development from flood hazards, promote maximum compatibility between land uses; and provide for the conservation of water and energy and the protection of air quality through efficient land use relationships. 8. Provide citizens with safe, affordable, convenient and efficient transportation alternatives. 9 . Plan for easily accessed, walkable, and interconnected neighborhoods . 10. Plan for residential densities appropriate to the adjacent existing and proposed land uses . 11. Provide a variety of housing types in attractive neighborhoods for a diverse labor force needed for economic growth. 12 . Ensure convenient and affordable school sites . 13. Encourage land use configurations that will reinforce a safe, efficient transportation system . 14. Ensure that the transportation impacts of new development are fully understood and mitigated in the development review process . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 9 MN 1 I 15. Ensure that enough land is set-aside in appropriate locations to provide diverse recreational opportunities for all ages, in aesthetically pleasing settings. 16 . Preserve a corridor for a possible Regional Transportation District ( RTD ) light rail expansion through Dacono . 17 . Reduce/avoid traffic congestion by adhering to concepts identified in the Transportation Master Plan . 18 . Encourage the integration of diverse ethnicities and ages in the community. 19 . Assure the health, safety and welfare of citizens . 20. Attract clean, non-polluting industries that require skilled labor to raise local wages. 21 . Maintain and preserve scenic vistas and view corridors as development occurs. 22 . Preserve significant wetlands and wildlife habitat from development . 23 . Promote maximum compatibility between adjacent land uses . Following are a list of objectives (taken verbatim ) that may serve as benchmarks for the City relative to their success at implementing actions to advance the stated vision, with those that will be furthered through implementation of this Plan presented in red . 1 . Create a new City Center for the heart of Dacono with a mix of retail, commercial, residential and civic land uses will serve to keep tax dollars local . (paraphrased) 2. Promote a business-friendly atmosphere to attract new businesses and encourage existing businesses to expand. 3. Create business and industrial parks to congregate similar business types near each other. 4. Encourage a healthy mix of business types in the city to ensure a sustainable and long-lasting sales tax base. 5 . Ensure that the City can accurately evaluate total City costs incurred to provide services for new developments . 6. Create a public campaign promoting local shopping and support of local business . 7. Identify city entries with the highest visibility and create aesthetically pleasing gateways welcoming visitors to the City. 8 . Adopt comprehensive design standards addressing landscaping, lighting and signage for all new development in the City. Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 10 n 9 . Execute code enforcement for both businesses and residences . 10. Explore corridor preservation for a possible Regional Transportation District ( RTD) light rail expansion through Dacono . 11. Include the minority groups living in our community for a higher sense of community unity. 12 . Ensure that new developments are aware of the plans of adjacent proposed developments . 13. Developers will be required to connect to adjacent roads, trails and open space corridors. 14. Preserve the Eastern Planning Area for rural lifestyles ( include very large lots of one home per five acres, horse pastures, agricultural operations and "ranchettes" ) consistent with the local heritage. 15. Support the development and provision of homes priced and sized to meet the needs of all community residents and workers, including low- and moderate-income families, large families, disabled citizens, families with single heads of household and the elderly. 15 . Develop a parks and recreation master plan consistent with the Comprehensive Plan . 16. Use river and creek corridors as linear greenways and passive recreation areas . 17 . Bring about community development practices that conserve water and power. 18. Set aside school sites well before development so the land can be acquired at reasonable cost. 19 . Ensure that new development preserves rights-of-way to accommodate future traffic needs. 20. Ensure that vehicle travel through neighborhoods will be at slow, safe speeds . 21 . Reduce per-capita automobile uses to decrease both congestion and the public cost of new roads . 3.3 Plan Implementation As the Plan 's administrator, the Authority will seek to advance its objectives through the completion of projects which leverage private investment and reinvestment within its boundaries. Specifically, the Authority will work in cooperation with the City to : advance investment in the public realm ( roadway, parks, open space ), encourage Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 11 development consistent with or exceeding existing standards; and, judiciously use limited resources which benefit the community at-large . All development in the Area shall conform to the existing municipal codes and ordinances and any site-specific regulations or policies which might impact improvements within its boundaries, all as are in effect and as may be amended from time to time . Although 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 that these will be the responsibility of the City . 4.0 Blight Conditions Before an urban renewal plan can be adopted by the city , 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, the presence of at least four (or five in cases where the use of eminent domain is anticipated) of the following factors (see below) 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; ( 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 Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 12 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 for conducting the Survey is to : ( I) define the Study Area; ( ii ) gather information about properties, infrastructure and other improvements within that Study Area; ( iii ) evaluate evidence of blight through field reconnaissance, review of aerial photography, discussions with representatives of various City departments; and, ( iv) record observed and documented conditions listed as blight factors in the Act. Among the 11 qualifying factors identified in the Act, the Survey showed the presence of the following eleven ( 11 ) blight factors in the area which is the subject of this Plan, and reflected herein as Figure 1 . 4 (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; ( 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; and ( 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 Other Community Documents 5. 1 Plan Conformity As supported by specific references presented herein, implementation of this Plan will further the principles and objectives of the Comprehensive Land Use Plan ( and any Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 13 a subsequent updates ) with respect to -- promotion of commercial and other employment offerings; and, provision of a greater variety of residential product offerings . In addition, as also stated previously, development in the Area shall conform to all regulating documents, including the current municipal code and other rules, regulations, and policies promulgated pursuant thereto . Any planning documents that might impact development in the Area including, but not limited to, City -approved site, water, drainage, and public improvement plans; parks, recreation and open space master plans; and, any applicable City design standards that are in effect and may be amended from time to time . Finally, conditions of blight within the Area will be remedied by improvements, public and private and funded in part by incremental taxes, to the extent deemed appropriate by the Authority in consultation with the City and affected property owners . 5.2 Consistency with the Comprehensive Land Use Plan As explained earlier, a general plan for the City known as the City of Dacono Comprehensive Land Use Plan, was adopted in 2005 . The Authority, with the cooperation of the City , private enterprise and other public bodies; will engage in undertakings and activities in order to eliminate the identified conditions of blight while also implementing the goals of the Comprehensive Land Use Plan and all other relevant City -adopted plans for the Area . Key elements of that plan which this Dacono Area Urban Renewal Plan will advance are described in detail in Appendix A. 5 .3 Correlation with Other Community Plans Implementation of this Plan will be consistent with objectives expressed in all City - adopted and accepted plans that speak specifically to improvements in the Area . 6.0 Authorized Authority Undertakings and Activities Whereas the Act allows for a wide range of activities to be used in the furtherance of the goals of an urban renewal plan, it is the Authority's intent to provide financial assistance and deliver public improvements only as shown to be necessary, in partnership with property owners and other affected parties, in order to accomplish the objectives stated herein . Partnerships and other forms of cooperative agreements are an essential component of the Authority's strategy for preventing the spread of and eliminating existing blighting conditions . Representative undertakings of the Authority in the furtherance of this Plan are described as follows . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 14 6.1 Complete Public Improvements and Facilities The Authority may, or may cooperate with others to, finance, install, construct, and reconstruct any public improvements . Additionally, the Authority may, or may cooperate with others to, demolish and clear existing improvements for the purpose of promoting the objectives of the Plan and the Act. Whereas public improvements or investment should, whenever possible, stimulate directly and indirectly 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 the properties within its boundaries, as well as the community at-large . As described in Section 4.0 of this Plan, eleven ( 11) qualifying conditions of blight are present within the Area, for which the following Urban Renewal Projects ( by factor) will remedy through completion of these improvements and actions : (a ) Slum, deteriorated, or deteriorating structures -- repairs to commercial structures ( interior and exterior), facades, fencing and ancillary structures; and, demolition of the same; ( b ) Predominance of defective or inadequate street layout -- curb and gutter and driveway enhancements; pedestrian, bicycle and trail connections; and safety improvements; (c) Faulty lot layout in relation to size, adequacy, accessibility, or usefulness -- vehicular access and other roadway improvements, pedestrian and safety improvements, acquisition and consolidation of parcels; (d ) Unsanitary or unsafe conditions -- enhanced lighting within public rights-of-way, pedestrian improvements within public spaces; and, any required off-site improvements deemed reasonable and for the public benefit; (e ) Deterioration of site or other improvements -- paving and parking improvements, landscaping, and graffiti removal; (f) Unusual topography or inadequate public improvements or utilities -- grading to improve drainage and developable acres, completion of onsite roadways and utility lines, undergrounding of non -region-serving utility lines; as well as, other offsite improvements which impact development within the property; (g) Defective or unusual conditions of title rendering the title nonmarketable -- mitigation of impacts associated with the presence of inactive underground mines, and infrastructure within existing pipeline and utility easements; Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 15 . . ( h ) The existence of conditions that endanger life or property by fire or other causes -- vehicular and non -vehicular roadway improvements, flooding mitigation, funding for the cleanup of environmental contaminants; ( 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 -- see remedies under Factor a above; (j ) Environmental contamination of buildings or property -- removal of environmental contaminants; and ( 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 -- participation in eligible expenses (as per the Statute) that make development in the Area feasible. 6.2 Complete Other Improvements and Facilities To the extent that non-public improvements in the Area may be required to accommodate development and redevelopment and still benefit the public, the Authority is hereby authorized to assist in the financing or construction of such improvements to the extent authorized by the Act. 6.3 Promote Development and Redevelopment A key concept associated with implementation of the Plan is commitment to priority public investments that serve to catalyze and make feasible private investment that generates resources to fund the same. The potential impact of this investment on Weld County resources and services is quantified in the Dacono Area Urban Renewal Plan — Weld County Impact Report which was submitted to the Board of County Commissioners of Weld County as required by the Act. A copy of the Plan was provided to the St. Vrain Valley RE-1 (J ) and Weld RE-8 School Districts, and all documents required by the Act presented to the Authority Board under separate cover. 6.4 Adopt Standards As stated earlier, all development shall conform to applicable rules, regulations, policies, other requirements, and standards of the City and any other governmental entity with jurisdiction in the Area . While the Act allows for the adoption of standards and requirements applicable to projects undertaken in an urban renewal area, in the context of this Plan, it is the Authority' s intention that investment in the Area conform to City - approved documents . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 16 1 6.5 Modify the Plan The Authority may propose, and the City Council may make, modifications to this Plan as may be necessary provided they are consistent with the Comprehensive Land Use Plan and any subsequent updates. Additionally, any such amendments made in accordance with this Plan and as otherwise contemplated, must also be compliant with the Act. Finally, the Authority may, in specific cases, allow non-substantive variations from the provisions of this Plan if it determines that a literal enforcement of the provision would constitute an unreasonable limitation beyond the intent and purpose stated herein . 6.6 Review the Plan Ii An ongoing process of review is recommended as a mechanism to allow those parties II responsible for administering and implementing key projects within its boundaries to periodically evaluate its effectiveness and potentially make adjustments. Modifications may be developed from suggestions by the Authority, property and business owners, and City staff operating in support of the Authority and advancement of this Plan . 6.7 Provide Relocation Assistance In the event it is necessary to relocate or displace any businesses or other commercial establishments as a result of any property acquisition, the Authority shall adopt relocation policies consistent with the Act, for payment of relocation expenses . Such expenses may include moving expenses, actual direct losses of property for business concerns, and goodwill and lost profits that are reasonably related to relocation of the business, resulting from its displacement for which reimbursement or compensation is not otherwise made. 6.8 Demolish, Clear and Prepare Improvements The Authority may, on a case-by-case basis, elect to demolish or cooperate with others to clear buildings, structures and other improvements within the Area in an effort to advance activities and undertakings deemed consistent with the vision stated herein . Additionally, existing Development or Cooperation Agreements may require such demolition or site clearance to : eliminate unhealthy, unsanitary, and unsafe conditions, obsolete uses deemed detrimental to the public welfare; and, otherwise remove and prevent the spread of deterioration . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 17 6.9 Acquire and Dispose of Property Acquisition of property by negotiation or any other method, including eminent domain , is authorized for use within this Plan Area . Properties acquired by entities other than the Authority may temporarily be operated, managed and maintained by the Authority if requested to do so by the acquiring entity and deemed in the best interest of the Urban Renewal Project and the Plan . Such property shall be under the management and control of the Authority and may be rented or leased pending its disposition for redevelopment. The Authority may sell, lease, or otherwise transfer real property or any interest in real property subject to covenants, conditions and restrictions, including architectural and design controls, time restrictions on development, and building requirements in accordance with the Act and this Plan . 6. 10 Enter Into Redevelopment / Development Agreements The Authority may enter into Redevelopment / Development Agreements or other contracts with developer(s) or property owners or such other individuals or entities determined to be necessary to carry out the purposes of this Plan . Further, such Agreements, or other contracts, may contain terms and provisions deemed necessary or appropriate for the purpose of undertaking the activities contemplated by this Plan and the Act. Any existing agreements between the City and private parties that are consistent with this Plan are intended to remain in full force and effect, unless all parties to such agreements agree otherwise . 6. 11 Enter Into Cooperation Agreements For the purpose of this Plan, the Authority may enter into one or more Cooperation Agreements with the City of Dacono or other public bodies pursuant to the Act. • Whereas the City and the Authority recognize the need to cooperate in the implementation of this Plan, these Cooperation Agreements may include without limitation the planning, financing, installation, construction and / or reconstruction of public or other eligible improvements . This paragraph shall not be construed to require any particular form of cooperation . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 18 6. 12 Create Tax Increment Areas The boundaries of the Urban Renewal Area shall be as set forth in Section 1 .4 and illustrated in Figure 1 . It is the intent of the City Council in approving this Plan to authorize the use of Tax Increment Financing by the Authority as part of its efforts to advance the vision, objectives and activities described herein . Pursuant to the provisions of Section 31-25- 107 (9 ) of the Act, the City Council in approving this Plan further contemplates that one or more Tax Increment Areas may be created within the Urban Renewal Area as development occurs . Notwithstanding such distinction, the Authority is specifically authorized to expend the revenue from Property and Sales Tax Increments to the extent authorized by the Act and this Plan . While this Dacono Area Urban Renewal Plan contemplates that the primary method of assisting with financing eligible expenses in the Area will be through the use of Property Tax Increment revenue, the City Council may allocate Municipal Sales Tax Increments if requested to do so by the Authority and only after receipt of a financing plan outlining the proposed amounts and purpose for which the Municipal Sales Tax Increment is to be used . As such, the use of Sales Tax Increment 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, but 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 the City setting forth the allocation of Incremental Sales Taxes between the City and the Project. The approval of such Cooperation Agreement by the City and the Authority is hereby found by the City not to be a substantial modification of the Urban Renewal Plan, and is not an addition of a new Urban Renewal Project, does not alter the boundaries of the Plan Area, does not change the mill levy or sales tax component of the Plan ( up to 100% of the Sales Tax Increment being hereby authorized by the Plan ), and is not an extension of the Plan or the duration of a specific Urban Renewal Project, regardless of when such Cooperation Agreement may be approved . The entire Plan Area is hereby designated as a single Tax Increment Area. 7.0 Project Financing 7. 1 Public Investment Objective A critical component to the success of any urban renewal strategy is participation by both the public and private sectors. Leveraging of resources is critical as no one entity, either public or private, has sufficient resources alone to sustain a long-term Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 19 improvement effort. Possible public investments for which the Authority, with the support of the City , may participate include ( but are not limited to) : pedestrian improvements including construction of sidewalks, street lights and other design enhancements intended to improve safety for vehicular and non -vehicular movement; roadway improvements including curbs, gutters, and traffic lights; and, infrastructure for drainage and utilities under the authority of the City . The Authority may also provide financial assistance for other expenses considered eligible under the Act. 7. 2 Financial Mechanisms The Authority may finance undertakings pursuant to this Plan by any method authorized under the Act or any other applicable law, including without limitation of the following : issuance of notes, bonds and other obligations as defined in the Act in an amount sufficient to finance all or part of this Plan; borrowing of funds and creation of indebtedness; reimbursement agreements; and / or, utilization of federal or state loans or grants, interest income, annual appropriation agreements, agreements with public or private entities, loans, advances, and grants from any other available sources . The principal, interest, costs and fees on any indebtedness are to be paid for with any lawfully available funds of the Authority. Debt incurred by the Authority may include bonds, refunding bonds, notes, interim certificates or receipts, temporary bonds, certificates of indebtedness, or any other obligation lawfully created . 7.3 Tax Increment Financing Activities may be financed by the Authority under the TIF provisions of the Act. Such incremental revenues may be used for a period not to exceed the statutory requirement, which is presently twenty-five ( 25 ) years after the effective date of the Plan adoption which authorizes and creates the Tax Increment Area . 7 .3. 1 Special Fund In accordance with the requirements of the law, the Authority shall establish a Tax Increment Revenue Fund for the deposit of all funds generated pursuant to the division of ad valorem property and municipal sales tax revenue described in this section . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 20 7.3.2 Base Amount The Base Amount includes that portion of property taxes which are produced by the levy at the rate fixed each year by or for each public body upon the valuation for assessment of taxable property in the Tax Increment Area last certified prior to the effective date of approval of the Plan (or future modifications); 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 and paid to the public body, as are all other taxes collected by or for said public body. 7.3.3 Incremental Revenues Incremental revenues including that portion of said property, and if authorized by the City Council, municipal sales taxes in excess of the Base Amount set forth in Section 7 .3 . 2 above shall be allocated to, and when collected, paid into the Authority's Tax Increment Revenue Fund . The Authority may use these funds to pay the principal of, the interest on, and 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, any portion of an Urban Renewal Project considered eligible under the Act. Unless and until the total valuation for assessment of the taxable property in any Tax Increment Area exceeds the base valuation, all of the taxes levied upon taxable property in the Tax Increment Area 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, have been paid, all taxes upon the same taxable property shall be paid to the respective public bodies . Further, the incremental portion of said taxes, as described in this subsection 7. 3 . 3, may be irrevocably pledged by the Authority for the payment of, principal and interest on, and any premiums due in connection with such bonds, loans, advances and / or indebtedness incurred by Authority to finance an Urban Renewal Project (as defined in the Act); except : Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 21 (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. ( 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 . 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 . 7.4 Other Financing Mechanisms / Structures The Plan is designed to provide for the use of TIF as one tool to facilitate investment and reinvestment within the Area . However, in addition to TIF, the Authority shall be authorized to finance implementation of the Plan by any method authorized by the Act. Whereas, the Authority is committed to making a variety of strategies and mechanisms available which are financial, physical, market and organizational in nature; it is the intent of this Plan to use these tools either independently or in various combinations . The Authority and City Council also recognize that Colorado law allows for the creation of additional political subdivisions within a municipality to fund improvements and provide other services within a defined geography. These entities include metropolitan, general improvement, and other special districts including business improvement districts . These have available to them certain taxing powers that can generate additional revenues to assist with redevelopment efforts . However, as such, they will require the support of property owners within their boundaries and in select instances, community at-large, prior to their collection . Given the obstacles associated with infill development and redevelopment, the Authority believes that it is imperative that solutions be put in place which are comprehensive, flexible and creative; and, the Authority may contract with the City to administer these various resources . 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 . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 22 I Dacono Area Urban Renewal Plan City of Dacono , Colorado Appendix A: City of Dacono Comprehensive Land Use Plan, adopted 2005 (excerpts taken verbatim ) 2.0 Dacono's Context 2.3 Urban Design Policies: 1. The City opposes 'leapfrog' development unless provisions are made to relieve the City of associated additional maintenance costs. 4.0 Dacono Comprehensive Land Use Plan 4.1. 1 Key Principles of the Comprehensive Plan 4. 1. 1. 1 Growth - Paying for Itself Policies : 1 . Growth will pay its own way; the development will pay the costs for new public infrastructure . 2 . The City opposes leapfrog development unless provision is made to relieve the City of associated additional maintenance costs . (duplicate of above ) 4. 1. 1.2 Feathering Densities Policies : 2 . New developments will demonstrate that adequate public facilities are available nearby to serve their developments' needs (water, sewer, schools, fire protection, roads etc. ) . 4. 1. 1.3 Land Use / Zoning Transitions Policies : 1 . The City encourages similar land uses on both sides of a collector and or local street. To support this, changes in land use zoning will be made at the rear of properties rather than at the front property line . Adequate buffering (vegetative, setbacks or architectural ) will need to be provided to buffer dissimilar "facing" land uses . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 23 2 . Zoning shall not permit adjacent uses that are incompatible or create adverse impacts unless separated by a buffer zone designed to mitigate the adverse impact. 4.2 Residential Land Uses Policies : 1 . To encourage housing variety, the Comprehensive Land Use Plan proposes "average minimum" densities in every land use designation . 2 . Residential neighborhoods will be designed, when appropriate, to mix homes with commercial / retail uses, provide housing options, and encourage mobility without auto reliance . 3 . The City encourages neighborhoods with housing choices that will allow residents to remain in neighborhood through their life stages change (single, married, raising children, "empty nesters, retirees) 5 . The City supports and encourages affordable housing dispersed throughout the community, not concentrated in one area . Every effort will be made to blend affordable housing with market- rate housing. Lower- income housing will look like higher- income housing, using similar exterior materials, windows and building forms . Affordable housing will not be segregated or clustered . 4.3 Commercial Policies: 1. Establish a new City Center District to provide a unique social and business destination . The City Center will encompass traditional neighborhood design (TND) principles incorporating an array of uses such as stores, restaurants, offices, residences, civic uses, schools and numerous trail connections; and, provide a logical pedestrian and vehicular connection between established and new neighborhoods . 2 . Promote a positive political and regulatory environment to encourage growth and development of a diverse tax base . 3 . The City will support a full range of housing types and work places, where ages and classes are integrated . 4. Streets, pedestrian paths and bike paths will offer a system of connected and interesting routes to all destinations . 4.3.2 Neighborhood Commercial Policies : 1 . Neighborhood commercial centers will be encouraged at appropriate locations in residential areas to increase convenience and reduce the need for cross-city travel . 2 . Small commercial buildings may be considered on a case-by-case if the use and buildings are compatible with the neighborhood . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 24 1 3 . New Community and Neighborhood Commercial areas will incorporate a mix of uses, including retail, residential and office in neo-traditional ( New Urbanist) development patterns . 4. The City will encourage commercial development in clusters or mixed -use centers as opposed to strip development. 5 . Parking that is placed in courtyards, behind buildings and in innovative arrangements will reduce the visual blight of endless parking lots. 6. The City will promote a positive political and regulatory environment to encourage growth and development of a diverse tax base . 7. The City will support compact development that reduces auto-dependence, and increases walkability in commercial areas . 4.3. 3 Community Commercial Policies: 1 . New Community and Neighborhood Commercial areas will incorporate a mix of uses, including retail, residential and office in traditional ( New Urbanist) development patterns . 2 . The City will promote a positive political and regulatory environment to encourage growth and development of a diverse tax base. 4.3.4 Regional Commercial Policies: 1 . The City encourages a variety of retail and commercial establishments . 2 . Commercial and business development along Interstate 25 will have a pleasing appearance as viewed from the Interstate. Facades facing the Interstate will have finish materials and landscaping similar to building fronts . 3 . The City will promote a positive political and regulatory environment to encourage growth and a diverse tax base . 4. The City will support destination / big box developments that incorporate high -quality architecture and site planning. 5 . Major employment centers and other large traffic generators will locate near major collectors, arterial or Interstates . 4.3.5 Improvements to Highway 52 Commercial Policies : 1 . The City will focus on measures to sustain commercial areas on Highway 52 . 2 . The City will support compact development that reduces auto dependence, and increases walkability in commercial areas. 3 . The City will promote a positive political and regulatory environment to encourage growth and development of a diverse tax base . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 25 4. Streets, pedestrian paths and bike paths will contribute to a system of fully connected and interesting routes to all destinations . 5 . The City will promote safe pedestrian crossings of major roadways within the Dacono planning area . 4.4 Employment 4.4. 1 Business District 1 . As Dacono grows, the City will encourage business development to provide a balance of jobs and housing units where the jobs match the skills of the workforce and the housing is available at the prices, sizes and locations for workers who wish to live in our community. 2 . The City will promote a positive political and regulatory environment to encourage growth and development of a diverse tax base . 3 . Major employment centers and other large traffic generators will locate near minor arterials and lnterstates . 4.4.2 Industrial Policies : 1 . Support the development of Section 24 as an industrial park and will evaluate incentives for industrial businesses to locate to this area . 2 . Separate industrial development from residential uses by a natural, physical or land- use buffer that gradually transitions from one land use type to the next. 3 . Visually buffer industrial development requiring large outdoor storage yards or outdoor work areas from major collector or arterial roads and residential areas. 4.4.3 Business / Light Industrial Policies : 1 . Business / light industrial development will be separated from residential uses by either a natural, physical buffer or a buffer of land uses that make a gradual transition from one type of land use to the next. 2 . The City will promote a positive political and regulatory environment to encourage growth and development of a diverse tax base . 4.6 Transportation Policies: 4.6.6. Future Public Transportation Policies : 2 . Provide an efficient, cost-effective and safe road and street system to meet the City's needs for convenient movement of people, goods and services throughout the Planning area . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 26 3 . New developments will be required to improve intersections on collector and arterial road intersections to maintain not less than level-of-service " D " ( less than 40 seconds average wait at an intersection ) during peak hours . 4. Proposed developments will be coordinated with adjoining developments to provide connectivity of streets, trails ( off street trails and/or detached sidewalks ), utilities and drainage and open space easements . This connectivity will provide multiple routes for vehicles, pedestrians and emergency vehicles through each neighborhood . 5 . The City will support compact development that reduces auto-dependence, and increases walkability in neighborhood and community commercial areas by locating housing in the City Center and in or near commercial centers. 6 . Streets, pedestrian paths and bike paths will contribute to a system of connected, interesting routes, to all destinations. 7. The City will promotes safe pedestrian crossings of major roadways within the Dacono planning area . 8. The design of Colorado Boulevard (WCR 13 ) will accommodate the regional trail . 9 . Developments may be required to mitigate off-site traffic impacts caused by development. 10. Local streets will generally be arranged to provide multiple routes through a neighborhood, and through the city. 11 . The City will discourage residential developments that generate " double frontage " lots, which result in rear-walled yards facing a collector or local street. 13 . Reserve adequate rights-of-way for future transit system / light rail line . 14. Encourage alternative forms of transportation . 4.7 Parks and Trails 4.7. 1. Park Level-of-Service (LOS) Policies : 1 . As the City grows, it will maintain a level of service for parks of 7 . 5 park acres per 1,000 residents. 2 . All residents of the City shall have a neighborhood, community or regional park within a 1 . 2 mile walk from their homes . 4. Embed civic, institutional and recreational uses into neighborhoods. 4.7.2 Park Dedications / Impact Fees Policies : 1 . All new developments will provide finished neighborhood park facilities to meet the demand created . 2 . All City residents will share the cost of community and regional parks, or other special- use areas and their amenities. Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 27 4.7 . 2 Park Dedications / Impact Fees Policies : 1 . All new developments will provide finished neighborhood park facilities to meet the demand created by new residents . 2 . All city residents will share the cost of community and regional parks, or other special- use areas and their amenities . 4.7.4. Local and Regional Multi-Use Trails Policies : 1. New development will provide multi-use trail connections along ditches, irrigation channels and abandoned railroad right-of-ways to connect neighborhoods to parks, open space and other community facilities as indicated in the Comprehensive Land Use Plan . 2 . Dacono will support the St. Vain Legacy Trail System and will work with partner communities towards trail implementation . 3 . The City will strive to meet or exceed the National Recreation and Park Association 's Open Space Standards, which suggest a ratio of one trail mile per 2,000 people for bicycling and jogging. 4.8 Open Space Policies : 1 . All new developments will provide finished neighborhood park facilities to meet the demand created by new residents . 2 . All city residents will share the cost of community and regional parks, or other special-use areas and their amenities. 5.0 Implications of the Comprehensive Plan 5.3 Schools Policies: 1. There are two school districts within Dacono, however it is of paramount importance that the two school systems coordinate policies to operate seamlessly toward goals that best serve students and the community at large. An area of suggested coordination is public access to school grounds and facilities. 2 . The City will cooperative with the St. Vrain and Fort Lupton school districts to plan future school facilities, helping to predict road and utility needs . To that end the City shall assist the School Districts in identifying and reserving land for school facilities so as to reduce the need for school acquisition and construction before development. 3 . To reduce costs of both schools and parks the City will explore joint development of school sites (elementary, middle and high schools ) for neighborhood parks, when public accessibility meets the neighborhood ' s needs . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 28 6.0 Civic Improvements - Increasing the ' livability" of Dacono 6.2 Image and Visibility Improvements 6.2.2 City-Wide Street Tree Plantings Policies : 1 . Future subdivisions and commercial development will provide street trees as an integral part of the landscape design . Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 29 Dacono Area Urban Renewal Plan City of Dacono , Colorado Appendix B : Dacono Area Urban Renewal Planning Boundary Legal Description Dacono Area Urban Renewal Plan ( 11 . 2 . 2015 ) 30 Hello