Urban renewal

city council is responsible for approving the creation of new urban renewal areas, adopting an urban renewal plan

particular urban renewal plan can advance goals, objectives, priorities within those other adopted plans

when we're designating or adopting an urban renewal plan or designating a project area, we do have to be specific

Consideration of a motion for BURA to accept the BURA Strategy Document

Uh the zones use state sales tax increment financing to fund eligible transit infrastructure projects within two miles of a transportation facility.

Currently, we don't have a TIF. Something that's under exploration by the city as a whole is the Downtown Development Authority

TIF, or Tax Increment Financing Districts exist here? I'm thinking of areas that

if you were to form this plan and authorize TIF the next step and this actually goes to your question about foregone conclusions

as a board, as an urban renewal authority, you have an incredible amount of uh public financing tools at your disposal

it'd be helpful just to pro provide a little bit more context of where uh urban renewal ultimately fits into our overall economic development strategy

Rekindled, which was kind of a lot of things we wrote in our letter about

they are subordinate to the state laws that control all urban renewal authorities

urban renewal plans are established by city council after they've been prepared and approved

urban renewal is aimed at revitalizing areas. That's the simplest way uh to put it

So what the tool is, is essentially to be able to use, public financing, which I can explain in detail,

we'll be seating that board the end of this month, and I'll have a couple meetings to get oriented.

And that matters because urban renewal, and specifically tax increment financing, affects how future tax revenue is distributed.

That's where urban renewal comes in. It helps bridge that gap by funding public improvements, like streets, utilities, parks

the Boulder Urban Renewal Authority has existed for a long time

nominations and official appointments for commissioners on the Boulder Urban Renewal Authority will be made by the mayor

in particular on the Boulder Urban Renewal Authority and whether those appointments are effective immediately

Looking at possible public financing opportunities for this area, which could include a urban renewal district.

urban renewal, downtown development authority, um even looking at the use of our general improvement district

the tools that we are beginning to explore and try and put in place in different ways from DDA urban renewal

You all are familiar with Metro District conversation, Downtown Development Authority. Urban renewal even to an extent.

We're exploring a variety of economic tools, from DDA to metro districts to BURA to a whole variety of things

we will be looking at some specific areas for potential urban renewal in 2026.

of course there's a restriction if they're owning property within an urban renewal area

Bureau Resolution 3 series 2025, a resolution approving an administrative cost allocation agreement between the Boulder Urban Renewal Authority and the City

as far as approving an urban renewal plan, that's done via um resolution

we are on a timeline with our consultant to to do studies of certain geographic areas across the city

Bureau itself um is not a new tool to the city

consider authorizing or authorizing an IGA between the city and the urban renewal authority

this is to amend bylaws to allow us to expand the number of commissioners and include representatives of local local taxing authorities on the urban renewal authority.

Public financing tools, urban renewal how we think about the use of general improvement districts

it's pretty standard um relationship between urban renewals and uh municipalities

and to assist with the creation of new urban renewal areas.

So in order to get us to the point to be able to use uh urban renewal um we uh have some steps to take.

as well as an opportunity for either a downtown development district in this area, or an urban renewal authority

the DDA and Urban Renewal are similar in that, they are, there's a city role in, the management of those.

We are moving forward on some activities related to the Boulder Urban Renewal Authority, or BURA.

making sure the board's in compliance so that it can be in the position to establish a new urban renewal area

The first is an update on the Boulder Urban Renewal Authority or Bureau

a number of references in the code to the Boulder urban renewal plan that we had taken out previously

the goals of the boulder urban renewal plan are implemented, and this was struck

And then urban renewal, you still have urban renewal as as a tool

So again, if the Dda doesn't happen, urban renewal, which has bad rap has bad reputation.

You know that urban renewal, urban sprawl that was not unique to Boulder, but there were citizens who stood up

I watched the process of urban renewal play out in the 60 S.

Not to forget urban renewal. It's it's an old tool that boulder still has

You do have urban renewal, urban renewal is very site specific.

We also flagged site-specific urban renewal for that 14th Street lot as a longer term opportunity

the bureau Board review was limited to the urban renewal plan

the design Advisory board and the boulder urban renewal Authority both expressed concerns at the planning board meeting

the urban renewal plan which really only covers the St Julian property on Ninth and Canyon was amended

that the Civic use would meet the 20% Civic use requirement in the urban renewal plan

I'll provide some property history going back to the establishment of the ninth and Canyon urban renewal plan

exploring potential tools like Downtown Development authorities Urban renewal and others

We have in boulder several of these obviously gender improvement districts, but also urban renewal authorities, downtown development authorities.

So for some planning context, when the 9th and Canyon Urban renewal plan was originally established back in 1988.

you know, 1988 was the original urban renewal plan, and we bought the property prior in 1994

The plan notes these guidelines are not intended to be a checklist, but are to suggest the type and range of options to be considered.

looking at uh the role of an urban renewal Authority in investing in housing and transportation

starting the eightys with the revised urban renewal plan

it is also located in the night in Canon urban renewal plan that was created in the 19 nineties

there was actually a urban renewal board that existed in Boulder was the Boulder urban renewal authority.

because of the conversation that our development that keeps on coming up is re-establishing the polar urban renewal authority

essentially tax increment financing that you can use future property tax revenue to invest in in development projects

THE BOULDER URBAN RENEWAL. THERE WAS HEARINGS AND IT WAS A BLIGHT STUDY

WHERE THERE WAS AN URBAN RENEWAL PLAN ADOPTION

I LIKED HER EAST FOCUS A LITTLE BIT I THINK THAT'S A PLACE THAT WE REALLY NEED TO BE ESPECIALLY EAST ARAPAHOE