[0:00] leave it. There's nothing else but to say. but to say. I are in the same room. I are in the same room. Oh, oh, you could come down Oh, oh, you could come down here and join us. here and join us. Oh, I thought it was virtual.

[0:14] Oh, I thought it was virtual. Only. Oh, I think we're alive Only. Oh, I think we're alive now. Good evening, Fort now. Good evening, Fort Collins. The time is now 5 Collins. The time is now 5 p.m., and I call the regular p.m.

[0:24] , and I call the regular meeting of the Fort Collins meeting of the Fort Collins Urban Renewal Authority to Urban Renewal Authority to order. Well, the secretary, order. Well, the secretary, please call the roll. please call the roll. Yes, chair. Francis. Yes, chair. Francis. Here. Here. Stephens here. Conway here. Stephens here. Conway here. Pineiro. Pineiro. Here. Here. Budge. Here. Pat. Yandy. Budge. Here. Pat. Yandy. Here.

[0:47] Here. Hoven. Nelson. Zamora. Hoven. Nelson. Zamora. Here. Here. Sapienza. Yeah. Chilled. Here. Sapienza. Yeah. Chilled. Here. All right. We have quorum. All right. We have quorum. Great. Thank you. Well, the Great. Thank you. Well, the executive director, please executive director, please provide a review of today's provide a review of today's agenda.

[1:14] agenda. Yes. Thank you. Chair. Uh, we Yes. Thank you. Chair. Uh, we just have three items on our just have three items on our agenda for this evening. The agenda for this evening.

[1:23] The first is, uh, adoption of the first is, uh, adoption of the minutes from our previous minutes from our previous meeting, and then we have two meeting, and then we have two discussion items. Uh, one is to discussion items. Uh, one is to look at authorizing, uh, a look at authorizing, uh, a blight. Uh, excuse me? An blight.

[1:33] Uh, excuse me? An existing condition study, uh, existing condition study, uh, in and around the current in and around the current College and Drake plan area to College and Drake plan area to potentially look at amending potentially look at amending that plan in the future. And that plan in the future.

[1:43] And the other is to appropriate the other is to appropriate funds associated with our funds associated with our process of acquiring, uh, the process of acquiring, uh, the property at 1220 North College, property at 1220 North College, also known as the El Palomino also known as the El Palomino Hotel. No changes to the Hotel. No changes to the published agenda. published agenda. Okay. Thank you.

[1:56] Um, the board Okay. Thank you. Um, the board will now here, general public will now here, general public comment. Is anyone presently comment. Is anyone presently intending to give public intending to give public comment remotely or in person? comment remotely or in person? We have one remote. Our. Excuse We have one remote. Our.

[2:06] Excuse me? We have one in person, me? We have one in person, individual. individual. Oh, okay. Great. Well, you'll Oh, okay. Great. Well, you'll have three minutes. have three minutes. Good evening everyone. Joe Good evening everyone. Joe Rowan. Um, and yes, I am remote Rowan. Um, and yes, I am remote at most times.

[2:19] Um, I just at most times. Um, I just wanted to come down and share wanted to come down and share my support for your action item my support for your action item on number three. Uh, I was on number three.

[2:27] Uh, I was hoping that we might have a hoping that we might have a formal letter from the Fort formal letter from the Fort Collins chamber, but I'm going Collins chamber, but I'm going to speak on their behalf to speak on their behalf anyways. Uh, we actually are anyways.

[2:37] Uh, we actually are very much in support of your very much in support of your action that is proposed this action that is proposed this evening. Uh, although we're evening. Uh, although we're really very strong defenders of really very strong defenders of the idea of personal property the idea of personal property rights, we also understand that rights, we also understand that that comes with that comes with responsibilities. And, uh, responsibilities.

[2:50] And, uh, unfortunately, in this case, we unfortunately, in this case, we have a property owner that has have a property owner that has allowed his property to become allowed his property to become subjected to public health and subjected to public health and safety hazards that extend well safety hazards that extend well beyond their property lines.

[2:59] beyond their property lines. Uh, and I think that's an Uh, and I think that's an important and crucial important and crucial determination, uh, in the determination, uh, in the action that you're, you're action that you're, you're going to pursue this evening or going to pursue this evening or consider this evening.

[3:10] And consider this evening. And generally speaking, uh, we we generally speaking, uh, we we don't. Um, um, normally endorse don't. Um, um, normally endorse the idea of voluntary or the idea of voluntary or involuntary eminent domain. Uh, involuntary eminent domain.

[3:27] Uh, but again, there, when there but again, there, when there does present itself conditions does present itself conditions that extend beyond the lot line that extend beyond the lot line that now become, uh, again, a that now become, uh, again, a hazard for the surrounding, not hazard for the surrounding, not only surrounding properties only surrounding properties that would normally enjoy quiet that would normally enjoy quiet enjoyment of their property,

[3:38] enjoyment of their property, but also the, uh, the health but also the, uh, the health and safety of the public at and safety of the public at large. So, uh, just, uh, again, large.

[3:46] So, uh, just, uh, again, expressing our support for the expressing our support for the action that you're taking action that you're taking tonight and very much tonight and very much appreciate the, uh, the appreciate the, uh, the diligence that you've pursued, diligence that you've pursued, uh, looking at all other uh, looking at all other avenues before going this avenues before going this route.

[3:56] So, again, uh, thank you route. So, again, uh, thank you for that opportunity. And, uh, for that opportunity. And, uh, good work on this project. good work on this project. Great. Thank you. I don't see Great. Thank you. I don't see anyone else for a public anyone else for a public comment online. Anyone else in comment online.

[4:07] Anyone else in person? person? That is everyone here. That is everyone here. All right. We'll move on to All right. We'll move on to commissioner reports. Do any commissioner reports.

[4:21] Do any commissioners have reports? commissioners have reports? Seeing none, we will move on to Seeing none, we will move on to our first agenda item, which is our first agenda item, which is the consideration. Approval of the consideration. Approval of minutes. Is there a staff minutes. Is there a staff presentation? presentation? There's not. There's not. Okay. Any public comment on Okay.

[4:35] Any public comment on this item? Any questions or this item? Any questions or comments from commissioners? comments from commissioners? All right. Is there a motion All right. Is there a motion for this item? for this item? Madam chair, I move approval of Madam chair, I move approval of the minutes of August 27th, the minutes of August 27th, 2026 for the Urban Renewal 2026 for the Urban Renewal Authority Board regular Authority Board regular meeting.

[4:50] meeting. Second. Second. We have a motion by Vice Chair We have a motion by Vice Chair Stevens and a second by Stevens and a second by Commissioner Notaro. Any Commissioner Notaro. Any further discussion? Seeing further discussion? Seeing none, will the Secretary please none, will the Secretary please call the roll? call the roll? Yes, chair. I have Francis.

[5:05] Yes, chair. I have Francis. Yes. Yes. Stevens? Stevens? Yes. Yes. Conway. Conway. Yes. Yes. Quintero. Quintero. Yes. Yes. Fudge. Fudge. Yes. Yes. Andy. Andy. Yes. Yes. I didn't see his hoven in. No. I didn't see his hoven in. No. Okay. Zamora. Okay. Zamora. Yes. Yes. Sapienza. Sapienza. Yes. Yes. All right. Shield. All right. Shield. Yes.

[5:36] Yes. The motion passes unanimously. The motion passes unanimously. Great. Thank you. We will move Great. Thank you. We will move on to our second item, which is on to our second item, which is public hearing and resolution public hearing and resolution to approve a supplemental to approve a supplemental budget resolution for funds for

[5:47] budget resolution for funds for an existing condition study. an existing condition study. Uh, this is a public hearing. Uh, this is a public hearing. There is a public hearing for There is a public hearing for this item. The public hearing this item. The public hearing is now open.

[5:56] Is there any is now open. Is there any public comment on this item? public comment on this item? Seeing none online. Is there Seeing none online. Is there any in person? any in person? No. No. Okay. Uh, seeing no public Okay. Uh, seeing no public comment, we all now close.

[6:06] The comment, we all now close. The public hearing. Is there a public hearing. Is there a staff presentation? staff presentation? Yes, there is. Yes, there is. All right, take. All right, take. It away. It away. Yep. Uh, yeah. So the item Yep. Uh, yeah.

[6:20] So the item before you tonight is, uh, to before you tonight is, uh, to appropriate, um, up to $100,000 appropriate, um, up to $100,000 in support of an existing in support of an existing condition study that would look condition study that would look at an area around the current at an area around the current Drake and College intersection.

[6:30] Drake and College intersection. Uh, and evaluate that area for Uh, and evaluate that area for the existing conditions that the existing conditions that might allow for it to be might allow for it to be included in the existing included in the existing College and Drake plan area.

[6:39] College and Drake plan area. Uh, and it would direct us as Uh, and it would direct us as your staff to prepare an your staff to prepare an amendment based on that amendment based on that existing condition study, uh, existing condition study, uh, in and around that area so that

[6:48] in and around that area so that it could be reviewed by the it could be reviewed by the Urban Renewal Authority board. Urban Renewal Authority board.

[6:58] And, um, the board could make a And, um, the board could make a recommendation or act however recommendation or act however it may to be able to forward it may to be able to forward that on to city council. Um, that on to city council.

[7:09] Um, just to give a sense of the just to give a sense of the area that will be evaluating area that will be evaluating the red, uh, bounded area in the red, uh, bounded area in this map is the current this map is the current boundary of the Drake and boundary of the Drake and College plan area, and the College plan area, and the yellow bounded area is the area yellow bounded area is the area that will be evaluated for its that will be evaluated for its existing conditions and existing conditions and compliance with the statutes of

[7:22] compliance with the statutes of the Urban Renewal Authority. the Urban Renewal Authority. It's important to stress that It's important to stress that just because we are looking at just because we are looking at property bounded by the yellow property bounded by the yellow boundary does not mean that boundary does not mean that that property will actually be

[7:31] that property will actually be recommended for inclusion in recommended for inclusion in any plan, amendment and any any plan, amendment and any plan amendment will ultimately plan amendment will ultimately be a decision of City Council. be a decision of City Council.

[7:42] We are intentionally casting We are intentionally casting our net wide to evaluate the our net wide to evaluate the existing conditions so that we existing conditions so that we can bring in the correct sort can bring in the correct sort of properties that can be of properties that can be complementary to the current complementary to the current plan area, if that's the

[7:52] plan area, if that's the direction we go. Um, and allow direction we go. Um, and allow for us to, you know, look at for us to, you know, look at and build sort of the best and build sort of the best potential public benefit, um, potential public benefit, um, that aligns with all of our

[8:02] that aligns with all of our taxing entity's objectives. Um, taxing entity's objectives. Um, at the beginning of this year, at the beginning of this year, the balance for the budget the balance for the budget within the College and Drake within the College and Drake plan area was pretty modest.

[8:12] plan area was pretty modest. Uh, only about $4,600 in Uh, only about $4,600 in previously collected property previously collected property tax increment. We are going to tax increment.

[8:22] We are going to be remitted a significant be remitted a significant amount of both property tax amount of both property tax increment and sales tax increment and sales tax increment this year, anywhere increment this year, anywhere between a quarter of between a quarter of 1,000,000.5 million. Um, and 1,000,000.5 million.

[8:38] Um, and you have previously authorized you have previously authorized an expenditure of $25,000 an expenditure of $25,000 towards local matching funds towards local matching funds for a grant to support transit for a grant to support transit oriented development and oriented development and planning in and around the planning in and around the area. Um, that would be area. Um, that would be combined with about $25,000 of combined with about $25,000 of funding for Prospect South. funding for Prospect South.

[8:49] That leaves us a balance of, That leaves us a balance of, you know, just a little bit you know, just a little bit under that quarter million to a under that quarter million to a half million. And this half million. And this additional expenditure as well, additional expenditure as well, within our projected revenues within our projected revenues for this year.

[8:57] This for this year. This appropriation would allow for appropriation would allow for us to spend the funds to us to spend the funds to achieve this particular achieve this particular purpose. Uh, we have an on call purpose.

[9:05] Uh, we have an on call consultant who will be engaged consultant who will be engaged to do this work. Uh, and so we to do this work. Uh, and so we can get underway. Um, should can get underway.

[9:16] Um, should you all choose to authorize you all choose to authorize this action tonight, which, this action tonight, which, once again, uh, is a multi once again, uh, is a multi partner, you will be partner, you will be appropriating funds that will appropriating funds that will allow us to do the addition, allow us to do the addition, the existing condition study, the existing condition study, and then also instructing us to and then also instructing us to prepare an amendment for your

[9:24] prepare an amendment for your consideration and consideration and recommendation to council. Uh, recommendation to council. Uh, based on that existing based on that existing condition, study. condition, study. Great. Thank you. Josh. Um, do Great. Thank you. Josh. Um, do commissioners have any commissioners have any questions or comments? Yeah. questions or comments? Yeah. Vice chair Stevens. Go ahead.

[9:44] Vice chair Stevens. Go ahead. Thank you, Madam Chair. Um, Thank you, Madam Chair. Um, yeah. I'm wondering if you yeah. I'm wondering if you could just speak just a little could just speak just a little bit to how you develop those bit to how you develop those boundaries, because there, uh,

[9:53] boundaries, because there, uh, it's kind of a funky shape, and it's kind of a funky shape, and I. And I'm assuming that part I. And I'm assuming that part of it is to, uh, not include of it is to, uh, not include CSU, you know, property. Um, CSU, you know, property.

[10:02] Um, since that they would never be since that they would never be a part of, you know, the state a part of, you know, the state property. So it wouldn't be a property.

[10:10] So it wouldn't be a part of the city's, but sort part of the city's, but sort of, um, the, you know, how you of, um, the, you know, how you went about kind of deciding went about kind of deciding what would what would be in what would what would be in those boundaries? those boundaries? Sure. Um, you know, I'll start Sure.

[10:19] Um, you know, I'll start maybe by, uh, describing how we maybe by, uh, describing how we sort of outlined the boundaries sort of outlined the boundaries for what I'll call the easy for what I'll call the easy part, which is also the part part, which is also the part that looks the most, I think, that looks the most, I think, normal.

[10:28] It's basically a normal. It's basically a rectangle that extends north of rectangle that extends north of the current plan area, as well the current plan area, as well as south. Uh, the northern as south.

[10:38] Uh, the northern portion basically runs from the portion basically runs from the existing boundary north to the existing boundary north to the southern boundary of Prospect southern boundary of Prospect South. Uh, existing plan area. South. Uh, existing plan area. And and brings in all of the And and brings in all of the rest of the commercial between rest of the commercial between the existing plan area and that the existing plan area and that one.

[10:48] Uh, again, casting the net one. Uh, again, casting the net wide. Uh, I think it's too wide. Uh, I think it's too early to tell if we would early to tell if we would actually go. Uh, what if we actually go.

[10:55] Uh, what if we would actually recommend taking would actually recommend taking the boundary that far forward? the boundary that far forward? But we'll at least evaluate it But we'll at least evaluate it for existing conditions. for existing conditions. Similarly, heading south, we Similarly, heading south, we were kind of looking for a were kind of looking for a natural sort of break point. natural sort of break point.

[11:05] Um, that included some Um, that included some additional properties to the additional properties to the south, but, uh, focused in on south, but, uh, focused in on areas that may have areas that may have opportunity. Um, and if you opportunity.

[11:16] Um, and if you take a closer look at that take a closer look at that particular southern boundary, particular southern boundary, um, in, say, Google Maps or um, in, say, Google Maps or something, you'll notice that something, you'll notice that there are a number of vacant there are a number of vacant parcels. Um, underutilized parcels. Um, underutilized parcels, particularly along parcels, particularly along McClelland.

[11:26] Uh, which is on the McClelland. Uh, which is on the west side there, that that more west side there, that that more or less extend to kind of that or less extend to kind of that southern boundary. Um, which southern boundary.

[11:35] Um, which sort of splits? Um, it sort of splits? Um, it basically ends just north of basically ends just north of the shopping center and the shopping center and associated parking and parcel, associated parking and parcel, uh, that, uh, Cafe Mexicali is uh, that, uh, Cafe Mexicali is probably the easiest landmark probably the easiest landmark for all of us to, to pull up in

[11:45] for all of us to, to pull up in our heads. Um, that is just our heads. Um, that is just outside of that proposed outside of that proposed boundary. And then east of boundary.

[11:53] And then east of college, there is basically college, there is basically just picking up the associated just picking up the associated commercial that faces college. commercial that faces college. So the probably the most So the probably the most interesting part is the area interesting part is the area that extends west along Drake that extends west along Drake and does pick up some Colorado and does pick up some Colorado State, property.

[12:06] Uh, and part State, property. Uh, and part of that is we've had some of that is we've had some conversations with CSU and conversations with CSU and Strada about potential changes Strada about potential changes for ownership in those areas. for ownership in those areas.

[12:16] And so if the foundation, which And so if the foundation, which is called strata, uh, were to is called strata, uh, were to be the owner, there could be a be the owner, there could be a possibility to create possibility to create partnership, right? Uh, that partnership, right? Uh, that could encourage some could encourage some redevelopment over there.

[12:25] And redevelopment over there. And so we are looking at some so we are looking at some property that's currently, you property that's currently, you know, sort of within the state know, sort of within the state ownership. But there's the ownership.

[12:33] But there's the possibility, like I said, for possibility, like I said, for it to potentially move around it to potentially move around again, just because we're again, just because we're looking at it for conditions looking at it for conditions does by no means say it'll even does by no means say it'll even qualify. Or be recommended. And qualify. Or be recommended.

[12:42] And then south of Drake, uh, then south of Drake, uh, basically picking up the office basically picking up the office park. Um, that's sort of park.

[12:51] Um, that's sort of bounded by I think it's the bounded by I think it's the Larimer Canal number two on Larimer Canal number two on kind of the southern and kind of the southern and western boundary. Again, an western boundary. Again, an area that, um, has some, you area that, um, has some, you know, some properties and some, know, some properties and some, some lots that are in a variety some lots that are in a variety of states.

[13:03] And so something to of states. And so something to evaluate. No guarantee that, evaluate. No guarantee that, again, those properties would again, those properties would be recommended for inclusion. be recommended for inclusion.

[13:10] Uh, but if we're going to do Uh, but if we're going to do the work, we figured better to the work, we figured better to cast a wide net and look at all cast a wide net and look at all the things that might need to the things that might need to be added, as opposed to decide be added, as opposed to decide later that we want to add later that we want to add something.

[13:19] something. Thank you. Thank you. Of course. Of course. Any other questions or comments? Any other questions or comments? I'll just say that initially I I'll just say that initially I was skeptical of this, but I was skeptical of this, but I think after talking with staff think after talking with staff about, um, the changes to this

[13:33] about, um, the changes to this area with the substation and area with the substation and the gas station and the the gas station and the possibility of the train possibility of the train station being here, I think it station being here, I think it makes sense because this plan

[13:42] makes sense because this plan and this area will really and this area will really change. So I think it makes change. So I think it makes sense to go back and reevaluate sense to go back and reevaluate what we're looking at. So thank what we're looking at. So thank you for bringing this forward.

[13:49] you for bringing this forward. Um, is there a motion for this Um, is there a motion for this item? item? You can make that motion. Of You can make that motion. Of course. My phone just turned course. My phone just turned off.

[14:00] So let me find the final off. So let me find the final language here. Um, I move um, language here. Um, I move um, adoption of resolution 169. Uh, adoption of resolution 169.

[14:13] Uh, of the Urban Renewal Authority of the Urban Renewal Authority commissioning and appropriating commissioning and appropriating funds for an existing condition funds for an existing condition study of an area around the study of an area around the Drake and College intersection. Drake and College intersection.

[14:23] And directing authority staff And directing authority staff to prepare an amendment to the to prepare an amendment to the existing college and Drake existing college and Drake Urban Renewal plan to include Urban Renewal plan to include this area. this area. Second. Second. We have a motion by Vice Chair We have a motion by Vice Chair Stevens and a second by Stevens and a second by Commissioner Pawlenty. Any Commissioner Pawlenty.

[14:34] Any further discussion? Seeing further discussion? Seeing none, will the Secretary please none, will the Secretary please call the roll? call the roll? Yes, chair. Stevens? Yes, chair. Stevens? Yes. Yes. Conway? Conway? Yes. Yes. Pina. Taro. Pina. Taro. Yes. Yes. Fudge. Fudge. Yes. Yes. Portland. Portland. Yes. Yes. Zamora. Zamora. Yes. Yes. Sapienza. Sapienza. Yes. Yes. Shield. Shield. Yes. Yes. Francis. Francis. Yes. Yes. The motion passes unanimously. The motion passes unanimously. Great.

[15:02] Great. We'll move on to number three, We'll move on to number three, which is public hearing and which is public hearing and resolution to approve resolution to approve supplemental budget for the supplemental budget for the acquisition of property at 1220 acquisition of property at 1220 North College.

[15:12] We will now open North College. We will now open the public hearing. Is there the public hearing. Is there any public comment on this item? any public comment on this item? There is none in the room. All right. Seeing none online, All right.

[15:23] Seeing none online, we will now close the public we will now close the public hearing. Um, is there a hearing. Um, is there a presentation for this item? presentation for this item? Yes there is. I'll hand it over Yes there is. I'll hand it over to Andy, my colleague, and to Andy, my colleague, and he'll walk us through the he'll walk us through the presentation.

[15:33] presentation. Thank you. Josh. Uh, good Thank you. Josh. Uh, good evening, Madam Chair. evening, Madam Chair. Commissioners. Um, I'm Andy Commissioners. Um, I'm Andy Smith. Want to walk through Smith. Want to walk through this item about 1220 North this item about 1220 North College Avenue. The budget College Avenue. The budget appropriation.

[15:46] Um, basically, appropriation. Um, basically, uh, what you're being asked to uh, what you're being asked to do tonight is to consider do tonight is to consider amending the previously amending the previously approved 2026. Um, you are a approved 2026. Um, you are a budget with an $800,000 budget with an $800,000 appropriation.

[16:04] And, um, this is appropriation. And, um, this is for the purchase of the for the purchase of the property at 1220 North College property at 1220 North College Avenue. Um, also known formally Avenue. Um, also known formally as the El Palomino Motel. And, as the El Palomino Motel.

[16:17] And, um, as you all know, we are, um, as you all know, we are, uh, Ura is currently in the, uh, Ura is currently in the, um, eminent domain process. Uh, um, eminent domain process. Uh, we're seeking to acquire this we're seeking to acquire this property. Our our negotiations, property.

[16:29] Our our negotiations, as you recall, between a as you recall, between a willing seller and a willing willing seller and a willing buyer didn't go well. It didn't buyer didn't go well. It didn't weren't successful. And the weren't successful.

[16:38] And the condition of the property is, condition of the property is, um, far worse than anybody had um, far worse than anybody had anticipated. So we are pursuing anticipated. So we are pursuing eminent domain right now. And eminent domain right now. And as part of that process. Um, we as part of that process.

[16:52] Um, we are pursuing, um, immediate are pursuing, um, immediate possession of the property, possession of the property, especially as we start to especially as we start to approach winter. We would like approach winter. We would like to secure the property. Um, as to secure the property. Um, as you all know, it's in, uh, you all know, it's in, uh, pretty bad condition.

[17:00] Is pretty bad condition. Is starting to attract, um, other starting to attract, um, other nuisances and problems. And so, nuisances and problems.

[17:11] And so, um, as we've learned with um, as we've learned with another motel just north that another motel just north that we own, uh, it's good to get it we own, uh, it's good to get it fenced and boarded up and fenced and boarded up and secured and patrolled, secured and patrolled, especially before we hit the especially before we hit the winter months. And so we have winter months.

[17:20] And so we have asked the court for immediate asked the court for immediate possession of the property. Um, possession of the property. Um, as part of that immediate as part of that immediate possession, um, process. Um, we possession, um, process.

[17:34] Um, we have had conversations, uh, have had conversations, uh, actually, uh, really our actually, uh, really our attorney, uh, your attorney, attorney, uh, your attorney, um, and uh, the has been in um, and uh, the has been in conversations with the property conversations with the property owners attorney to come to some owners attorney to come to some type of a stipulation agreement. type of a stipulation agreement.

[17:46] And that stipulation agreement, And that stipulation agreement, we believe is imminent. Uh, the we believe is imminent. Uh, the terms have been essentially terms have been essentially agreed upon. Um, and that agreed upon.

[17:56] Um, and that effectively would be an effectively would be an agreement between the property agreement between the property owner and the Ura that the owner and the Ura that the court approves, that they would court approves, that they would not oppose immediate not oppose immediate possession. To be clear, the possession.

[18:10] To be clear, the valuation component of eminent valuation component of eminent domain still proceeds domain still proceeds independently, and that will independently, and that will still happen, probably 12 to 18 still happen, probably 12 to 18 months, perhaps from now. But months, perhaps from now. But at least we'll have possession at least we'll have possession of the property and can begin of the property and can begin securing it. And, you know, securing it. And, you know, really in the public interest.

[18:17] really in the public interest. Um, so the 800,000, I'll talk Um, so the 800,000, I'll talk about that. Next slide please. about that. Next slide please. Josh, if there is one, uh, Josh, if there is one, uh, okay. Maybe the next slide to okay. Maybe the next slide to please.

[18:31] Maybe we're all out of please. Maybe we're all out of slides. Okay. That's great. Uh, slides. Okay. That's great. Uh, so the details that we know so the details that we know about this pending stipulation about this pending stipulation that has not been agreed upon that has not been agreed upon yet is that $250,000 of it

[18:44] yet is that $250,000 of it would be immediately available would be immediately available for withdrawal by the property for withdrawal by the property owner. Um, and, um, as the owner.

[19:00] Um, and, um, as the valuation process proceeds, uh, valuation process proceeds, uh, the final determination of that the final determination of that value will mean that there's value will mean that there's probably going to be a credit probably going to be a credit or debit. Uh, that's a or debit. Uh, that's a reconciliation of the actual reconciliation of the actual value. Um, compared to what value. Um, compared to what we've put up on deposit.

[19:11] So, we've put up on deposit. So, um, we've already earmarked but um, we've already earmarked but not budgeted, $2.6 million for not budgeted, $2.6 million for this property. Several years this property.

[19:23] Several years ago, when we started the ago, when we started the process, we didn't budget, but process, we didn't budget, but in some of our informal in some of our informal discussions about what kind of discussions about what kind of fund balance we might have, fund balance we might have, we've always thought $2.6 we've always thought $2.6 million, perhaps. So million, perhaps. So effectively, this $800 is effectively, this $800 is toward that. We don't believe toward that.

[19:36] We don't believe professionally that we're professionally that we're anywhere near $2.6 million in anywhere near $2.6 million in value, and maybe not even value, and maybe not even $800,000. So if the court $800,000.

[19:46] So if the court determines that the value is determines that the value is closer to what we believe it to closer to what we believe it to be, which is zero, what we've be, which is zero, what we've we've argued, then we would be we've argued, then we would be getting some of this money getting some of this money back.

[19:53] At least we'd be entitled back. At least we'd be entitled to it. Um, and so that is, uh, to it. Um, and so that is, uh, effectively how where we stand effectively how where we stand today and just maybe a little today and just maybe a little bit more background. Um, you bit more background.

[20:06] Um, you all had approved, uh, eminent all had approved, uh, eminent domain, if necessary. It may of domain, if necessary. It may of last year if our negotiations last year if our negotiations were not successful. And so were not successful.

[20:17] And so this is just that step that this is just that step that we're asking you to make a we're asking you to make a decision on this evening. Um, decision on this evening. Um, if we get this stipulation if we get this stipulation agreement, uh, formalized and agreement, uh, formalized and ready to sign, then we have 60 ready to sign, then we have 60 days to post that money with

[20:26] days to post that money with the court, and we would begin the court, and we would begin securing the property securing the property immediately. And with that, I'm immediately. And with that, I'm done. And happy to entertain done. And happy to entertain any of your questions. any of your questions. Great. Thank you. Andy.

[20:39] Do any Great. Thank you. Andy. Do any commissioners have any commissioners have any questions or comments? Yeah. questions or comments? Yeah. Vice chair Stevens. Vice chair Stevens. Yeah. I'll just make a comment Yeah.

[20:52] I'll just make a comment that I think, um, I'm glad to that I think, um, I'm glad to see that we're moving on this see that we're moving on this property. Um, it's been a property. Um, it's been a nuisance. Property and blight nuisance. Property and blight for years, maybe decades. And for years, maybe decades.

[21:02] And so I'm sure that the people who so I'm sure that the people who live and own businesses and live and own businesses and work in that area will be work in that area will be delighted to see us take action delighted to see us take action and really be able to take and really be able to take possession and and do what we possession and and do what we need to do to make sure it's

[21:11] need to do to make sure it's safe through the winter. So, safe through the winter. So, um, I appreciate the, uh, um, I appreciate the, uh, speaker that came earlier, uh, speaker that came earlier, uh, in the meeting to really voice in the meeting to really voice their support of this project.

[21:21] their support of this project. I think that, uh, we, you know, I think that, uh, we, you know, we don't take, uh, using we don't take, uh, using eminent domain lightly. Um, and eminent domain lightly.

[21:32] Um, and yet, uh, a property like this, yet, uh, a property like this, which is dangerous and where which is dangerous and where there's been criminal activity, there's been criminal activity, um, and has been an eyesore to um, and has been an eyesore to the community for a really long the community for a really long time, is, um, is is the is the time, is, um, is is the is the case where it is really

[21:43] case where it is really necessary to use eminent necessary to use eminent domain? And so I'm glad to domain? And so I'm glad to allocate these additional allocate these additional dollars and hope for a good dollars and hope for a good resolution. Uh, but I certainly resolution.

[21:54] Uh, but I certainly think that this is very much in think that this is very much in line with what we are expected line with what we are expected to do and what we should do as to do and what we should do as an urban renewal authority. an urban renewal authority. Thank you. Thank you. Thank you. Commissioner. Did Thank you. Commissioner.

[22:04] Did you have comments? you have comments? You know, Commissioner Stevens, You know, Commissioner Stevens, I think covered everything I I think covered everything I was going to say, including was going to say, including recognizing Mr. Rowan. So, um, recognizing Mr. Rowan.

[22:13] So, um, I won't say it again, but I am I won't say it again, but I am supportive of this. I think supportive of this. I think it's a great move for our it's a great move for our community. community. I will also echo those I will also echo those comments. So thank you for comments. So thank you for putting it so well. Vice chair.

[22:21] putting it so well. Vice chair. Any other questions or Any other questions or comments? Seeing none, is there comments? Seeing none, is there a motion for this item? a motion for this item? Madam chair, I move adoption of Madam chair, I move adoption of resolution number 170 to resolution number 170 to approve a supplemental budget

[22:34] approve a supplemental budget appropriation of $800,000 for appropriation of $800,000 for the acquisition of the property the acquisition of the property at 1220 North College Avenue. at 1220 North College Avenue. Second. Second.

[22:45] We have a motion by Vice Chair We have a motion by Vice Chair Stevens and a second by Stevens and a second by Commissioner Fudge. Any further Commissioner Fudge. Any further discussion? Seeing none, will discussion? Seeing none, will the Secretary please call the the Secretary please call the roll? roll? Yes, chair. Conway? Yes, chair. Conway? Yes. Yes. Pina. Taro. Yes. Fudge. Pina. Taro. Yes. Fudge. Yes. Yes. Pat. Yandy. Pat. Yandy. Yes. Yes. Zamora. Zamora. Yes.

[23:05] Yes. Sapienza. Sapienza. Yes. Yes. Shield. Shield. Yes. Yes. Francis. Francis. Yes. Yes. Stevens. Yes. Madam. Chair. The Stevens. Yes. Madam. Chair. The motion passes unanimously. All motion passes unanimously. All right. right. That is all the plan discussion That is all the plan discussion items we have for tonight.

[23:22] Is items we have for tonight. Is there any other business before there any other business before the board? Once, twice. All the board? Once, twice. All right. That is all. Thank you. right. That is all. Thank you. Good night for Collins. Good Good night for Collins. Good night everyone. night everyone. Good night.

Fort Collins Urban Renewal Authority Board Meeting 9/24/26

Transcript