Urban Renewal Authority Board

Regular Meetings

• Regular meeting dates and times have not been set.
• Please refer to the Board calendar as locations and dates may change.  Meetings will be held in person.
• City Hall
  101 West 8th Street
  City Council Chambers
  Glenwood Springs, CO 81601

Objectives 

(Per Amended Urban Renewal Plan 2020)

Eliminate and prevent the spreading of blight by:

• Completing and maintaining public and/or private improvements and infrastructure in the plan area;
• Using financial resources and powers available to the authority for the express purpose of the same;
• and actively promoting private investment and job creation.

Approach

Identify priority projects that will effectively leverage private investments to eliminate and prevent blight while ensuring alignment of the Urban Renewal Plan and other accepted and adopted community documents in the Urban Renewal Boundary.

Implementation

The Urban Renewal Authority will be the Amended Plan's principal administrator, City Council will authorize and oversee its efforts. Therefore, the Authority will work in cooperation with the City to prioritize capital investments (roadway, pedestrian, infrastructure, utility) in the Plan Area. Resulting in a public benefit to property owners and business interests within the Urban Renewal boundaries and communitywide.  

Authority Powers and Undertakings 

• Prepare and Modify Plans for the Plan Area: Work with public bodies, and retain consultants and other advisors to assist with the planning of properties in connection with redevelopment of the Plan Area.
• Complete Public Improvements and Facilities: May, or may cooperate with others to, finance, install, construct and reconstruct public improvements in accordance with the Act, and necessary to promote the objectives.
• Enter into Agreements: 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.
• Adopt Standards: May work with public bodies, and retain consultants and other advisors to assist with zoning and rezoning properties in the Plan Area.
• Provide Relocation Assistance: Adopt a relocation plan in conformance with the Act, if relocation of individuals, families or business concerns is required because of acquisition activities of the Authority.
• Incur Debt and Issue Bonds: Borrow money and apply for and accept advances, loans, grants and contributions from all lending sources, private and public, for purposes identified herein and authorized by the Act.
• Sales Tax Increment Financing: Urban renewal plan may contain a provision for allocation of certain tax revenues in an urban renewal area; including incremental sales tax revenues of the municipality in excess of a Base Amount and when collected and deposited in a Special Fund of the Authority

Key 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.
• Authority: means the City Glenwood Springs Urban Renewal Authority.
• Plan Area:means the West Glenwood Springs Urban Renewal Plan Area as depicted in Figure 1 of the Plan Document and defined in Appendix B.  The Plan Area is the same in the Original Plan and this Amended Plan.
• Redevelopment / Development Agreement: means one or more agreements between the Authority and -- developers, property owners, business interests, individuals, or entities; as may be determined to be necessary or desirable to carry out the purpose of the Amended Plan. 
• Tax Increment Finance (or Financing) (TIF): for this Plan, means a financing mechanism which uses future sales tax incremental revenues resulting from private investment within an established area, as well as other resources obtained by the Authority, to fund improvements authorized by the Act.