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13-0729
| 1 | | Bill | Passed | Approves a Cooperation Agreement between the City and County of Denver and the Denver Urban Renewal Authority for the 414 14th Street Urban Redevelopment Area to establish, among other matters, the parameters for tax increment financing with property tax increment. This ordinance approves a Cooperation Agreement between the City and County of Denver and the Denver Urban Renewal Authority (DURA) for the 414 14th Street Urban Redevelopment Area. This Urban Redevelopment Area is comprised of a single 43,344 square foot parcel located at the southeast corner of 14th Street and Tremont Place at the southern end of Downtown Denver. The Denver Urban Renewal Authority, in coordination with the City’s Department of Finance and Department of Community Planning and Development, is seeking to establish an Urban Redevelopment Area to support the proposed development through the approval of an Urban Redevelopment Plan (the “Plan”). The City’s Manager of Finance and DURA have agreed to an Urban Redevelopment Plan and Cooperation Agreement for the creation of the 414 14th Street Urban Redevelopmen | approved for filing | Pass |
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13-0731
| 1 | | Bill | Passed | Approves the 414 14th Street Urban Redevelopment Plan authorizing the creation of an Urban Redevelopment Area and the use of property tax increment. This ordinance approves the 414 14th Street Urban Redevelopment Plan, an urban renewal plan for the 414 14th Street Urban Redevelopment Area (the “Plan”). The Urban Redevelopment Area is comprised of a single 43,444 square foot parcel located at the southwest corner of 14th Street and Tremont Place at the southern end of Downtown Denver.The Plan makes the required statutory findings for the creation of an urban renewal area, including a finding of blight. Additionally, the Plan has been found to be in conformance with the City’s Comprehensive Plan. This conformance will be represented by a finding of the Denver Planning Board. The Plan lays out objectives for revitalizing the Urban Redevelopment Area. In addition, the Plan authorizes DURA to undertake the project using property tax increment financing (TIF) to achieve those objectives.The primary objectives of the Plan are to reduce or eliminate blighted conditions as well as to sti | approved for filing | Pass |
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