HomeMy WebLinkAbout16086
City Clerk's Office Item # M12
Background Paper for Proposed
Resolution
COUNCIL MEETING DATE: August 11, 2025
TO: President Mark Aliff and Members of City Council
CC: Mayor Heather Graham
VIA: Marisa Stoller, City Clerk
FROM: Andrew Hayes, Public Works Director
SUBJECT: A RESOLUTION DIRECTING THE PUEBLO URBAN RENEWAL
AUTHORITY TO ENTER INTO DEVELOPMENT AGREEMENTS TO
PROVIDE INCENTIVES TO OFFSET A PORTION OF THE COST OF
STATE HIGHWAY IMPROVEMENTS REQUIRED BY THE COLORADO
DEPARTMENT OF TRANSPORTATION ON PUEBLO BOULEVARD
GENERALLY BETWEEN I-25 AND PRAIRIE AVENUE WITHIN THE
LAKE MINNEQUA URBAN RENEWAL PROJECT AREA
SUMMARY:
This Resolution directs the Pueblo Urban Renewal Authority (PURA) to draft and
negotiate development agreements with property owners adjacent to Pueblo Boulevard
to offset a share of the total cost of improvements within the state highway right-of-way
required by the Colorado Department of Transportation as a condition of development.
PREVIOUS COUNCIL ACTION:
Ordinance No. 7630 was passed by City Council on August 13, 2007, approving the Lake
Minnequa Urban Renewal Project Plan which authorizes PURA to undertake certain
projects within the plan area and to provide funding for those projects.
BACKGROUND:
Multiple landowners along the Pueblo Boulevard corridor generally between I-25 and
Prairie Avenue are actively developing or have applied for building permits to develop
their properties. The Colorado Department of Transportation, as a condition of
development, has required that certain transportation-related improvements including a
traffic signal, raised median, acceleration/deceleration lanes, striping, signage, and other
associated work be installed in order to safely accommodate the additional traffic
generated by these ongoing and proposed development projects.
There are a number of undeveloped properties along the corridor that will also directly
benefit from the installation of these improvements, but the cost to any single property
owner to complete all of the required improvements along this corridor are far too high
for any one property owner to absorb alone. The equitable allocation of these costs
across all benefited property owners and the public at large is not supported through
CDOT's access permitting process, and the developers have requested the City's
assistance to utilize the resources dedicated for these purposes to offset at least a
portion of the installation cost for these improvements. This proposed development
incentive framework is supported by the existing and approved Lake Minnequa Urban
Renewal Project Plan, which authorizes PURA to enter into development agreements
with these property owners and to reduce the financial burden of installing these
improvements to a reasonable amount, proportional to the impacts generated by each
respective project.
This Resolution expresses Council's support for PURA to engage with affected property
owners to facilitate development of the properties along the Pueblo Boulevard corridor
while simultaneously ensuring safe and efficient highway operations can continue with
additional traffic demands in the area.
FINANCIAL IMPLICATIONS:
There are no direct financial implications to the City as a result of approval of this
Resolution. City Council has already approved the use of tax increment funds within this
district for improvement projects authorized under the Lake Minnequa Urban Renewal
Project Plan.
BOARD/COMMISSION RECOMMENDATION:
Not applicable to this Resolution.
STAKEHOLDER PROCESS:
Not applicable to this Resolution.
ALTERNATIVES:
Failure to approve this Resolution will signal Council's intent that it does not support the
establishment of a new urban renewal district in the area at this time.
RECOMMENDATION:
Approval of the Resolution.
ATTACHMENTS:
None
RESOLUTION NO.16086
A RESOLUTION DIRECTING THE PUEBLO URBAN RENEWAL
AUTHORITY TO ENTER INTO DEVELOPMENT AGREEMENTS
TO PROVIDE INCENTIVES TO OFFSET A PORTION OF THE
COST OF STATE HIGHWAY IMPROVEMENTS REQUIRED BY
THE COLORADO DEPARTMENT OF TRANSPORTATION ON
PUEBLO BOULEVARD GENERALLY BETWEEN I-25 AND
PRAIRIE AVENUE WITHIN THE LAKE MINNEQUA URBAN
RENEWAL PROJECT AREA
WHEREAS, the City of Pueblo has received applications for the development of several
properties along W. Pueblo Boulevard, a state highway designated as Colorado State Highway
45 within the City of Pueblo; and
WHEREAS, the Colorado Department of Transportation ("CDOT"), through their authority
to control access to and from state highways, is requiring the installation of certain public highway
improvements as a condition of development; and
WHEREAS, the property owners of the properties obligated to install the CDOT required
improvements have requested City assistance to facilitate the equitable distribution of the cost
burden to install the required public improvements across all benefitted properties; and
WHEREAS, City Council previously approved the Lake Minnequa Urban Renewal Project
Plan (the "Plan") which authorizes the Pueblo Urban Renewal Authority ("PURA") to utilize tax
increment funding to undertake certain public improvement projects within the Plan area, including
roadway improvements along W. Pueblo Boulevard in accordance with Colorado Urban Renewal
Law. NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that
SECTION 1.
Pueblo Urban Renewal Authority ("PURA") is hereby directed to enter into development
agreements with the owners of properties obligated to install CDOT-required public improvements
within the Lake Minnequa Urban Renewal Project Plan Area that benefit multiple property owners
or the public at large.
SECTION 2.
The officers and staff of the City are authorized to perform any and all acts consistent with
the intent of this Resolution to effectuate the policies and procedures described herein.
SECTION 3.
This Resolution shall become effective upon passage and approval.
INTRODUCED: August 11, 2025
BY: Brett Boston
MEMBER OF CITY COUNCIL
APPROVED: __________________________
PRESIDENT OF CITY COUNCIL
ATTESTED BY: ________________________
CITY CLERK