SUBJECT:
Title
A Resolution of the Planning Commission of the Town of Erie Finding that the Erie Gateway Phase 1 Urban Renewal Plan is in Conformance with the Town of Erie Comprehensive Plan
Body
DEPARTMENT: Economic Development/TOEURA
Department
PRESENTER(S): Julian Jacquin, Director of Economic Development & TOEURA
First Name Last Name, Title
TIME ESTIMATE: 30 minutes
only required for non-consent items
FISCAL SUMMARY: N/A
POLICY ISSUES:
The policy issue is determining whether the proposed development projects and activities included in the Erie Gateway Phase 1 Urban Renewal Plan (URA) document generally conform to the Erie Comprehensive Plan, as is required by the Colorado Urban Renewal Law prior to the approval of a URA plan by the Town Council.
STAFF RECOMMENDATION:
Recommendation
Approve the Resolution finding that the URA Plan conforms to the Erie Comprehensive Plan.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Town of Erie Urban Renewal Authority (“TOEURA”) has commissioned the preparation of the Erie Gateway Phase 1 Urban Renewal Plan (the “URA Plan”) to implement the goals of TOEURA, including helping provide important services to this area, attracting private investment, utilizing underdeveloped land, and leveraging public investment to provide necessary public infrastructure to serve this area, all for the purpose of remedying and preventing blight.
The proposed Phase 1 Plan Area encompasses 1,100 acres and 536 parcels within the Town of Erie, generally located south of Highway 52, north of WCR-10, west of I-25, and east of WCR-5. Included within the boundary is the new proposed Summerfield development (2,200 residential units and 28 acres of commercial uses, by CDG and Toll Brothers), the westernmost portion of the new proposed North Station development (by CDG), and remaining parcels north of WCR-12 generally referred to as the “Rieder” properties. In total, the URA Plan assumes that development of this area will include 3,003 new residential units and 682,439 sq. ft. of new commercial space, to be absorbed over 25 years. Staff has strategically drawn the Plan Area boundary to include parcels that need, or will attract, new investment, reinvestment, or development, along with public rights-of-way that may benefit from urban renewal treatment. If approved, Phase 1 will allow TOEURA to use tax increment financing (TIF) to remediate blighting conditions, and extend necessary infrastructure, to facilitate in the development of this key focus area along the I-25 Erie Gateway development corridor.
Pursuant to C.R.S. § 31-25-107(2), prior to its approval of an urban renewal plan, “the governing body shall submit such plan to the planning commission of the municipality, if any, for review and recommendations as to its conformity with the general plan for the development of the municipality as a whole. The planning commission shall submit its written recommendations with respect to the proposed urban renewal plan to the governing body within thirty days after receipt of the plan for review.” Thereafter, the governing body may proceed with the public hearing and potential adoption of the proposed urban renewal plan.
The Town has adopted the Town of Erie Comprehensive Plan, most recently updated and effective as of 2015, pursuant to the requirement in C.R.S. § 31-23-206 that each municipality adopt a general plan for the development of the municipality as a whole. On July 1, 2024, Town staff provided the Erie Gateway Phase 1 Urban Renewal Plan to the Town of Erie Planning Commission, by mail and email, for review and recommendations as to its conformity with the general plan for the development of the Town of Erie.
A public hearing has been scheduled with the Town Council for August 13, 2024, at 6:30 PM. Notice has been published in the Colorado Hometown Weekly, mailed to property owners, tenants and business owners within the Phase 1 Plan Area boundary, and provided to the Weld County Board of County Commissioners. Following the public hearing, the Town Council may be asked to consider approval of the new Erie Gateway Phase 1 Plan.
|
January 2024 |
Phase 1 URA Plan provided by Pioneer Development Company |
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February 2024 |
Mailed notice to taxing entities for new Phase 1 URA Plan Area |
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March 2024 |
Presentation of draft planning documents to TOEURA Board |
|
June 2024 |
120-day deadline for negotiation of revenue sharing with taxing entities |
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July 2024 |
Publish notice of public hearing, and submit Plan to Planning Commission |
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August 2024 |
Public Hearing and potential adoption of URA Plan by Town Council |
Additional information is included in the Staff Presentation and will be discussed at the July 17 meeting of the Planning Commission.
COUNCIL PRIORITY(S) ADDRESSED:
ü Attractive Community Amenities
ü Prosperous Economy
ü Well-Maintained Transportation Infrastructure
ü Effective Governance
ü Fiscally Responsible
ATTACHMENT(S):
1. Resolution No. P24-10
2. Erie Gateway Phase 1 Urban Renewal Plan (1.1.24)
3. Planning Commission Notice
4. Staff Presentation