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HomeMy WebLinkAbout11057 City Clerk's Office Item # S9 Background Paper for Proposed Ordinance COUNCIL MEETING DATE: October 14, 2025 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Carla Sikes, City Attorney SUBJECT: AN ORDINANCE MAKING CERTAIN LEGISLATIVE FINDINGS AND APPROVING THE DILLON DRIVE URBAN RENEWAL PLAN SUMMARY: This Ordinance makes certain legislative findings, establishes the Dillon Drive Urban Renewal Area, and approves the Dillon Drive Urban Renewal Plan (the Plan). PREVIOUS COUNCIL ACTION: During a work session of City Council on February 26, 2024, the Pueblo Urban Renewal Authority (PURA) shared plans to conduct a study of the Urban Renewal Area described in the Plan to determine if such area qualifies for inclusion in an urban renewal plan. No objections were raised, and the Pueblo Urban Renewal Authority (PURA) moved forward with its plans as discussed. BACKGROUND: The purpose of the Plan is to eliminate the conditions of blight identified by the Dillon Drive Conditions Survey in the Urban Renewal Area, facilitate the development of new commercial uses on an underutilized site and implement the provisions of the Comprehensive Plan that apply in the Urban Renewal Area. The Plan is intended to help provide needed public infrastructure to attract and leverage private investment in the Urban Renewal Area. FINANCIAL IMPLICATIONS: None. Future increment tax revenues above the current base would not exist but for the redevelopment of the Urban Renewal Area. BOARD/COMMISSION RECOMMENDATION: The Planning and Zoning Commission determined the Plan meets the requirements of meeting. STAKEHOLDER PROCESS: PURA is in the process of finalizing the necessary tax increment agreements from all other affected taxing entities. All fee owners of property in the Urban Renewal Area have consented to inclusion in the Plan. ALTERNATIVES: None. RECOMMENDATION: The PURA Board of Commissioners recommends approval of this Ordinance. ATTACHMENTS: 1. Dillon Drive Conditions Survey 7.24.2024 2. Dillon Drive Conditions Survey Letter 5.4.2025 3. Dillon Drive RR Agreement fully executed 7.29.2025 4. Dillon Drive Urban Renewal Plan Document final draft 6.30.2025 5. Notice of Public Hearing Dillon URA 8.25.2025 6. PURA Impact Report 5.25.2025 ORDINANCE NO.11057 AN ORDINANCE MAKING CERTAIN LEGISLATIVE FINDINGS AND APPROVING THE DILLON DRIVE URBAN RENEWAL PLAN described in the Dillon North Subdivision, according to the plat thereof, including all interior and adjacent streets and public rights of way, to determine if the Area contains conditions included in -25-101, et seq., WHEREAS, pursuant to such authorization, the Authority contracted with Pioneer WHEREAS, the Consultant prepared, submitted, and presented to the Authority and City which describes in detail the conditions in the Area and is incorporated herein by this reference; and WHEREAS, the Authority has prepared, approved, submitted, and presented to City copy of which has been approved as to form by the City Attorney and is attached hereto and incorporated herein as Exhibit B; and WHEREAS, the Plan is a matter of public record in the custody of the City Clerk and is available for public inspection during business hours of the City; and WHEREAS, notice of the public hearing on the Plan was published as required by Section 31-25-107(3), C.R.S., at least thirty days prior to the public hearing; and WHEREAS, written notice was (a) mailed or delivered to each property owner, business, and resident to the extent they are present in the Area included in the Plan informing them of the public hearing at least thirty days prior to the public hearing or (b) such notice has been waived in writing by such parties as are located in the Area; and WHEREAS, the owners of the property in the Area have received notice of the Survey and have consented in writing to inclusion in the Urban Renewal Plan; and WHEREAS, the Pueblo Planning and Zoning Commission has determined that the Plan complies with the Pueblo Regional Comprehensive Development Plan as amended to date (the as a whole; and WHEREAS, the Plan allocates property tax increment revenues to the Authority to carry out the Plan and requires compliance with certain provisions of the Act, including House Bill 15- WHEREAS, on August 25, 2025, the City Council conducted a public hearing and reviewed said Plan pursuant to the procedural and notice requirements of the City Charter and the Act, and the City Council having considered the evidence presented in support of and in and so having considered the legislative record and given appropriate weight to the evidence; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The Urban Renewal Area described in the Plan is found and declared to be a blighted area as defined in the Act. This is a legislative finding by the City Council based upon the Survey and other evidence presented to City Council. SECTION 2. The boundaries of the Urban Renewal Area have been drawn as narrowly as the City Council determines feasible to accomplish the planning and development objectives of the Plan. SECTION 3. As required by the Act, including the Amended 1348 Requirements, the public bodies that onsultant containing financial information showing the net financial benefits to the Taxing Entities from redevelopment of the Urban Renewal Area, and (3) a proposed agreement that waives the right to claim property tax increment revenue allocated to the Authority by the Act and related provisions necessary and in the public interest to remediate conditions of blight and construct required improvements in the Urban Renewal Area. SECTION 4. Pueblo School District No. 60 has been permitted to participate in an advisory capacity with respect to the inclusion in the Plan of the tax allocation provisions authorized by Section 31- 25-107(9) of the Act. SECTION 5. It is not expected that any relocation of individuals and families will be required in connection with the Plan, because no individuals or families reside in the Urban Renewal Area. SECTION 6. It is not expected that any relocation of business concerns will be required in connection with the Plan, because no business concerns operate in the Urban Renewal Area. SECTION 7. The Authority has taken reasonable efforts to provide written notice of the public hearing prescribed by Section 31-25-107(3) of the Act to all property owners, residents, and owners of business concerns in the proposed Urban Renewal Area at their last known addresses at least thirty days prior to the public hearing on the Plan. SECTION 8. Section 31-25-107(4)(d) of the Act does not apply because no more than 120 days have passed since the commencement of the only public hearing on the Plan. SECTION 9. Section 31-25-107(4)(e) of the Act does not apply because the City Council did not fail to previously approve this Plan. SECTION 10. The Plan conforms with the Pueblo Regional Comprehensive Development Plan, as amended, which is the general plan for the development of the City of Pueblo as a whole. SECTION 11. The Plan will afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the rehabilitation or redevelopment of the Urban Renewal Area described in the Plan by private enterprise. SECTION 12. To the extent that the Urban Renewal Area described in the Plan may constitute open land within the meaning of Sections 31-25-107(5) and (6) of the Act, it is found and determined that the Authority does not intend to undertake land acquisition in the Urban Renewal Area and the non-residential uses under the Plan are necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning standards and local community objectives. SECTION 13. The Authority is not authorized to acquire property through the exercise of eminent domain. SECTION 14. The City and Authority have complied with all applicable Amended 1348 Requirements, including securing signed agreements with affected Taxing Entities regarding the use of tax increment financing to carry out the Plan. The entire Urban Renewal Area is within the corporate limits of the City. Construction and maintenance of public improvements and provision of services in the Urban Renewal Area will be the primary responsibility of the City, the Authority, and private enterprise. As shown in the Impact Report, impacts on the services or revenues of the Taxing Entities will be offset by new revenues not now being collected by the Taxing Entities and directly produced as a result of the Plan and subsequent redevelopment of the Area and adjacent property outside of the Area. SECTION 15. The Dillon Drive Urban Renewal Plan has been duly reviewed and considered and is hereby approved. The Authority is hereby authorized to take any and all actions pursuant to the Act to carry out the Plan, including, without limitation, (1) completing any agreements as may be required to carry out the Plan and (2) filing of the Plan and related documents with the Pueblo County Assessor. SECTION 16. This Ordinance shall become effective upon final passage and approval. Action by City Council: Introduced and initial adoption of Ordinance by City Council on September 22, 2025. Final adoption of Ordinance by City Council on October 14, 2025. ____________________________ President of City Council Action by the Mayor: Approved on _______________. Disapproved on ______________ based on the following objections: ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ____________________________ Mayor Action by City Council After Disapproval by the Mayor: Council did not act to override the Mayor's veto. Ordinance re-adopted on a vote of ____________, on _____________ ____________________________ President of City Council ATTEST ________________________________ City Clerk Ejmmpo!Esjwf!Dpoejujpot!Tvswfz Qvfcmp!Vscbo!Sfofxbm!Bvuipsjuz July 25, 2024 July 25, 2024 City of Pueblo, Colorado Dear Jerry, This Conditions Surveyreportis intended to assist the Pueblo Urban Renewal Authority (PURA)with identifying and cataloguing conditions that are arresting sound development throughout a defined survey area. This area is named the “Dillon Drive Urban Renewal Plan”(The Project). The Project will encompass fourteen(14)parcels(including ROW)and approximately ~46.5acres.The area is characterized byfloodplain,vacant land,steep topography, irregular lots,sitedeterioration, and underutilization. Currently, the site is vacantand there are no observable uses within the property.There are, however, large homeless encampments on the northern parcels within the survey area.This underutilized is in contrast to the current planning for the area. Thesubject area’sparcels are zoned to support new development and higher intensity uses.This proposed URA areaincludes three zoning districts, Pueblo’s I-2 Industrial District,S-1 Governmental Use District, and S-3 Floodplain District. The area isproximal to major arterials such asHwy 50, Hwy 47,and I-25. PURA is evaluating this area to determine its eligibility for Urban Renewal treatment.Multi-tenant commercial development isbeing proposed on this site, however, itwilllikely require a public private partnership to become feasible. Forming a public private partnership via an Urban Renewal Project requires identifying conditions on the site that complicate its redevelopment. Theseconditions are known as blighted area factors, or blighting factors. PURA has commissioned this study to determine ifthe proposed Urban Renewal Plan area exhibits the necessary number of blighted area factorstomake it eligible for urban renewal treatment. The Conditions Survey evaluates this area for the presence of statutorily defined “blighted area factors” (blighting factors).The Conditions Survey locates, identifies, and describes each statutorily defined blightingfactor found to exist within the proposed plan area. Blighting factors have also been mapped to illustrate the location of these observed conditions throughout the impacted parcels.Basedupon field observations and analysis, thisreport findsthat the surveyed areameets the minimumnumberof blighting factors required to designate the proposedDillon Drive Urban RenewalPlan as an urban renewal project eligible for urban renewal activities. Sincerely, Andrew Arnold Gpvoefs}!Qsjodjqbm Qjpoffs!Efwfmpqnfou!Dpnqboz Evsbohp-!Dpmpsbep 1 xf!gjoe!uif!xbz UbcmfpgDpoufout Executive Summary.......................................................................................................................................3 Dillon Drive Urban Renewal Plan Conditions Survey:...............................................................................3 Conditions Survey Summary.........................................................................................................................5 Methodology.................................................................................................................................................8 Evaluation of Blighting Factors.....................................................................................................................9 Conclusion...................................................................................................................................................26 Appendix.....................................................................................................................................................27 2 xf!gjoe!uif!xbz FyfdvujwfTvnnbsz DillonDriveUrbanRenewalPlanConditionsSurvey: The Pueblo Urban Renewal Authority (PURA) is evaluating a specific area for Urban Renewal projects and activities. This area is tentatively named, “Dillion Drive Urban Renewal Plan”, and the area encompasses ~46.5acres and 14parcels within the City of Pueblo’s municipallimits.The Plan area is project-driven, meaningnewdevelopment iscurrentlybeing proposed within this project area. The proposed development may require a public private partnership to become feasible, which is why thePueblo Urban Renewal Authority is evaluating the area’seligibility for urban renewal treatment. The subject area is located within Pueblo City limits in the central northern section of the city,east of the I-25, Hwy 47, and Hwy 50 intersection. The survey area is bisected by Dillon Driveand is bounded bythe jointly operated BNSF/Union Pacific Colorado Joint Line to the west,Hwy 47 to the southand Fountain Creek to the East (just outside the project area’s boundary line). The northern boundary of the proposed plan area is adjacent to vacant land. The survey areais approximately 46.5acres andincludes 14parcels, allwithin municipal limits. Five of these 14 parcels are public ROW. The Survey Area’s parcels are mostlyzoned I-2 Industrial District, which permits industrial and limited retail uses. The area does include a small portion of the S-1 Governmental district and the S-3 Floodplain District.The subject area’s featuresarecharacterized byfloodplain,vacant land, unusual topography, deteriorating or missing infrastructure, irregularly shaped parcels, and homeless encampments. Thesecharacteristics make future development challenging and arethe reason why PURA is evaluating this site for UrbanRenewal treatment. For an Urban Renewal Plan to be established, a specific geographic area within the community must be found to exhibit certain conditions. These are conditions that, in general, are arresting the sound growth of a municipality. This could include conditions that impair a municipality’s growth, retards housing development and accommodations, or constitutes a liability for economic or community development. Statute describes these conditions as a “menace to public health, safety, morals, and welfare” and defines these conditions as eleven separate factors in C.R.S. 31-25-103.2.These factorsmust be cataloged before urban renewal projectsand activitiescan commence. A conditions survey does not create a new Urban Renewal Plan or Urban Renewal Project. The conditions survey is merely a starting point for that process, one that is required before PURA can establish The Dillon Drive UrbanRenewal Plan.The conditions survey’s purpose is to evaluate the proposed Plan area and determine if it meets the statutorily required threshold of blighted area factors. Four (4) of these factors 1 must be identified before an Urban Renewal Plan can be established and adopted. The proposed Urban Renewal Plan area was carefully surveyed using a holistic analysis. Observations were taken during a field visit that identified the presence of statutorily defined blighting factors throughout the area. These observations were supplemented with background research on the site and market characteristics. 1 Per C.R.S. 31-25-103(2)(l) only one blighting factor is necessary if all property owners and tenants’consent to inclusion. 3 xf!gjoe!uif!xbz The conditions survey’s conclusion is that the proposed Urban Renewal Plan area exhibits the necessary number of blighting factors to make it eligible as an Urban Renewal Plan according to state statute. This conditions survey identified eight (8) blighting factors within the area, listed in the table below: Conditions Survey – Blighting FactorsCatalogued Blighted Area Factor # Definition (C.R.S. 31-25-103.2 List Label) Factor 1 (a)Slum, Deteriorated, or Deteriorating Structures Factor 2 (b) Predominance of Defective or Inadequate Street Layout Factor 3(c)Faulty Lot Layout in Relation to Size, Adequacy, Accessibility, or Usefulness Factor 4 (d) Unsanitary or Unsafe Conditions Factor 5(e)Deterioration of Site or Other Improvements Factor 6 (f) Unusual Topography or Inadequate Public Improvements or Utilities Factor 10 (j)Environmental Contamination of Buildings or Property. The Existence of Health, Safety, or Welfare Factors Requiring High Levels of Municipal Factor 11(k.5)Services or Substantial Physical Underutilization or Vacancy of Sites, Buildings, or Other Improvements 4 xf!gjoe!uif!xbz DpoejujpotTvswfzTvnnbsz SurveyArea The survey area evaluates~46.5acresand 14parcelswithin Pueblo’s municipal boundaries. This survey used Pueblo County Open Data to create GIS maps for the analysis. This survey area is inthe City of Pueblo’s north-central area andis bisected by Dillon Drive. The survey area is bisected by Dillon Drive and is bounded by the jointly operated BNSF/Union Pacific Colorado Joint Line to the west, Hwy 47 to the south and Fountain Creek to the East (just outside the project area’s boundary line). The northern boundaryof the proposed plan area is adjacent to vacant land. AreaDescription The survey area encompasses 14parcels and ~46.5 acres.All property within the survey areais located within the City of Pueblo’s municipal limits. The area is predominantly zoned I-2 Industrial. However, there are two other zoning districts that overlaytheparcels. These districts include the City’s S-1 Governmental Services district, and the S-3 Floodplain district.The survey area is located within the Arterial Commercial Mixed-Use future land use designation. 5 xf!gjoe!uif!xbz The survey area is characterized by vacantand underutilized land. The area is also within aFEMA designated Special Flood Hazard Area (AE). This SFHA designation is commonly known as the 100-year floodplain and impacts future development throughout the survey area. The area also exhibits rolling topographyand irregularly shaped parcels.Despite being bisected by Dillon Driveand being adjacent to Hwy 47, the area has no direct access to the surrounding arterials. Apart fromone parcel, ingress and egress points will need to be constructed to facilitate traffic flow with the parcels and the surrounding road networks.Therewere also large homeless encampments within the survey area. The Plan Area’s statistics are described in the table below: Conditions SurveyLand UseSummary Area Statistics Total Parcel Area (Acres) 46.49 14 Number of Parcels in Area Assessment TypeParcel CountAcreagePercentTotal Acreage Tax Exempt59.7925% Commercial834.9875% Residential11.714% 2 Zoning TypeParcel CountAcreagePercent Total Acreage I-2: Industrial District1042.1591% S-1 Governmental Services30.82% S-3 Floodplain43.548% Assessed ValueValue Total Actual Value$211,502 Total Assessed Value$32,670 2 Zoning Districts may overlap parcels. 6 xf!gjoe!uif!xbz CurrentAssessmentofPlanArea The Plan area includes 14parcels.This parcel count includes five tax exempt parcels that are public right-of-way. The remaining nine parcels are privately owned.The total equalized assessed value (taxable value)of these parcels, according to the County Assessor’s database2024valuations, is $32,670.The total actual value of theseparcels, according to the County Assessor’s database 2023 valuations is$211,502. 7 xf!gjoe!uif!xbz Nfuipepmphz This Conditions Survey utilized a holistic methodology in determining whether blighting factors exist within the proposed Urban Renewal survey boundary. This methodology included a detailed literature review of adopted plans and reports, an analysis of County Assessor records and GIS databases, and a field visit. Field work was supplemented by GIS technology that geolocated and recorded potential blighting factors throughout the survey area. Maps were created for each blighting factor identified within the survey area, illustrating which parcels contain, or are in proximity to, statutorily defined blighting factors. These maps represent the layered information gathering approach used in this report to ensure that each blighting factor was thoroughly analyzed. 8 xf!gjoe!uif!xbz FwbmvbujpopgCmjhiujohGbdupst DefiningBlightingConditions Colorado Revised Statutes 31-25-103 states that for an Urban Renewal Plan area to be established, there must exist certain conditions known as “blighted area factors” (Blighting Factors). State statute defines eleven separate factors for blight. The law indicates that if four or more of these factors are found in an area of the municipality, that area may be declared blighted and qualify for urban renewal 3 . treatment Cmjhiufe!Bsfb!Gbdupst!Efgjofe; b*Tmvn-!efufsjpsbufe-!ps!efufsjpsbujoh!tusvduvsft c*Qsfepnjobodf!pg!efgfdujwf!ps!jobefrvbuf!tusffu!mbzpvu d*Gbvmuz!mpu!mbzpvu!jo!sfmbujpo!up!tj{f-!befrvbdz-!bddfttjcjmjuz-!ps!vtfgvmoftt e*Votbojubsz!ps!votbgf!dpoejujpot f*Efufsjpsbujpo!pg!tjuf!ps!puifs!jnqspwfnfout g*Vovtvbm!upqphsbqiz!ps!jobefrvbuf!qvcmjd!jnqspwfnfout!ps!vujmjujft h*Efgfdujwf!ps!vovtvbm!dpoejujpot!pg!ujumf!sfoefsjoh!uif!ujumf!oponbslfubcmf< i*Uif!fyjtufodf!pg!dpoejujpot!uibu!foebohfs!mjgf!ps!qspqfsuz!cz!gjsf!ps!puifs!dbvtft j*Cvjmejoht!uibu!bsf!votbgf!ps!voifbmuiz!gps!qfstpot!up!mjwf!ps!xpsl!jo!cfdbvtf!pg!cvjmejoh!dpef! wjpmbujpot-!ejmbqjebujpo-!efufsjpsbujpo-!efgfdujwf!eftjho-!qiztjdbm!dpotusvdujpo-!ps!gbvmuz!ps!jobefrvbuf! gbdjmjujft k*Fowjsponfoubm!dpoubnjobujpo!pg!cvjmejoht!ps!qspqfsuz l*Uif!fyjtufodf!pg!ifbmui-!tbgfuz-!ps!xfmgbsf!gbdupst!sfrvjsjoh!ijhi!mfwfmt!pg!nvojdjqbm!tfswjdft!ps! tvctuboujbm!qiztjdbm!voefsvujmj{bujpo!ps!wbdbodz!pg!tjuft-!cvjmejoht-!ps!puifs!jnqspwfnfout!! These eleven factors define the “conditions” that are arresting the municipality’s sound development. Per statute, these factors give “reason” to declarean area “blighted”, provided that a specific number of factors are identified. The presence of at least four of these conditions satisfiesthe state statute defining an area blighted. This Conditions Survey will unpack each blighting factor to describe various real world “conditions” that indicate the presence of said factor. Only one factor need be identified for a municipality to declare the need to establish an urban renewal authority. An Urban Renewal Plan or Project requires at least four factors identified within its boundaries. It is the culmination of four or more blighting factors which indicatethat renewal activities should be applied within the proposed project area. Blighting Factorswere identified based on anobjective analysisand urban renewal best practices. The following sections outline the blighting factorsfound to existwithin the survey area. Blightingfactors that were not identified areexcluded from this report. 3 In addition to this list, C.R.S. 31-25-103(2) lists a twelfth condition. This final condition only applies when there is unanimous agreement among affected property owners that their properties can be included in an Urban Renewal Area. In this occurrence, only one blighting factor from the list of eleven needs to be identified to declare the area blighted. 9 xf!gjoe!uif!xbz Gbdups!)b*!—Tmvn-!Efufsjpsbufe-!ps!Efufsjpsbujoh! Tusvduvsft Description: This factor refers to the current condition of structures in the survey area as a whole. When the physical condition of structures in an area foment negative perceptions and a corresponding decline in values, it typically signals the existence of this factor. Conditions that would justify the inclusion of this factor in an area may include: •A deterioration of the building elements, such as cladding, fenestration, roofing, overhangs, fascia and soffit, or the foundation of a structure •A deterioration of outside elements such as fencing, gates, fire escapes, outdoor lighting, loading areas, gutters and downspouts •Vacant lots or high vacancy rates in the offices/businesses/apartments are evidence this factor exists in an area •Decline in property value over time Gjoejoht Vacant landis the predominant characterisitic throughout the survey area. However, there were some deteriorating structures identified during the field visit, especiallyonthe parcels nearest Bijou Street. The field visit identified adeterioratingresidential structure, deteriorating fencing along the site, and obvious vacant lots. The other conditions identified during the site visitincluded landscaping and fencing deterioration. The site is clearly underutilized, with weeds and tall grasses dominating the landscape. There were a few fences identified around the perimeter of the area that have also fallen into disrepair.The three parcels to the west of Dillon Drive have dilapidated fencing along the variousproperty lines while the two parcels tothe east of Dillon Drive have fencing around the perimeter of the property which is indisrepair.The wired fencing has been pried apart in areas, while other sections are no longer standing upright. The frequency of deterioration of the structure and fencing indicatesthe presence of this blighting factor. 10 xf!gjoe!uif!xbz Abandoned StructureFencing DisrepairNo Landscaping 11 xf!gjoe!uif!xbz Gbdups!)c*—Qsfepnjobodf!pg!Efgfdujwf!ps! Jobefrvbuf!Tusffu!Mbzpvu Description: This factor refers to surface transportationconditionsthroughout the survey area. Surface transportation conditions may include road surface quality, the location or existenceof streets and sidewalks, multi-modal improvements, traffic safety infrastructure, ingress/egress locations, and emergency access considerations. If surface transportation conditions exist that negatively impact sound development, redevelopment, orthreaten safety, the survey includes this factor in its catalogue. Examples of this factor include: Inadequate street widths Lack of streets, dead ends Overall faulty layouts that impede vehicular access and internal circulation Inadequate Traffic Safety facilities Streets that exhibit high degrees of traffic or accidents Streets that are in need of repair or reconstruction Poor emergency access or active transportation Gjoejoht The survey area exhibited inadequate street networks,lack of streets, inadequate traffic safety facilities, streets that exhibit high degrees of traffic,streets in need of repair,poor emergency access and poor active transportation.Field work frequently identified conditions indicating the presence of this blighting factor. Despite being a large area bounded by some of the City’s busiest arterials, there are no paved internal streets or parking lots within the subject parcels. The three parcels to the west of Dillon Drive have no connecting streets or infrastructure with the existing surrounding network andare inaccessible by vehicle. Thisinaccessibility and lack of infrastructurealso yields faulty lot layouts andpoor emergency access. Active transportationfacilities are non-existent, which may create future development issues given the area’sproximity to major arterials and Fountain Creek. The parcels east of Dillon Drivedo not directly access the surrounding road network. Ingress and egress points will need to be constructed, and access permits acquired.The northern parcel to the east of Dillon Drive has onestreet connectionwith the existing network, but it is a dead-endroute with theconcrete surface stoppingabruptly at the vacantlot. There is then a dirt road which accesses the internalareas of the site, but this road is dirt and would need to be reconstructed. Access is further complicated because of steep topography and grades within the site area. The survey area is divided by Dillon Drive which is a busy connector street, with 4 lanes of traffic and a th center turning lane. The intersection between Dillon Drive and East 40Avenue inthe north section of th Avenue that funnelout onto the the survey area is a two way stop intersectionwith the stop signs on 40 busy road of Dillon Drive.Future development of the area will likely trigger traffic safety improvements throughout the area, which are absent currently.The street conditions and lack of improvements signal this factor’s presence. 12 xf!gjoe!uif!xbz Poor Street ConnectionMissing StreetsLimited Intersection Dirt RoadsReconstruction Required 13 xf!gjoe!uif!xbz Gbdups!)d*!—Gbvmuz!Mpu!Mbzpvu!jo!Sfmbujpo!up!Tj{f-! Befrvbdz-!Bddfttjcjmjuz-!ps!Vtfgvmoftt Description: This factor refers to shapes, layout and sizes of lots that complicate sound development and the usefulness of the property.Common conditions that indicate this factors presence in a survey area includes: Impractical Lot LayoutsLot Configurations that Yield Narrow, Irregular, or Oddly Shaped Unproductive Conditions on the Land as ParcelsExhibited by Misuse or Nonuse Parcels Too Large or Too Small to Easements or Setbacks that Yield Facilitate DevelopmentUnproductive Conditions on the Land as Exhibited by Misuse or Nonuse. Gjoejoht The survey areafeatures fourteenparcels, all of which exhibitnarrow, irregular,or oddly shaped features. These features and their corresponding nonuse and misuse conditions underscore this factor’s presence. Each of the 14parcels in the survey area are irregular and oddly shaped. Theparcels are non- rectangular, with diagonal lot lines and narrow parcels. The ROW parcel(s)encompassing Dillon Drive contributes to the odd shapes of the surrounding parcels. There are a few framented parcels throughout the area, too small to be developable. Lot consolidation or boundary adjustments may be required to adequately activate the property for development. This blighting factor is often identified not simply by parcel shape, but also the nonuse or misuse of the parcels. These corresponding conditionscharacterize the parcels evaluated by this conditions survey. Each parcel is vacant and underutilized within the survey area, suggesting that thecurrent parcel configurationsyield unproductive development conditions.The large parcel in the survey area’s northern extent The evidence of parcel irregularity, nonuse,and misuse on the survey area exemplify this factor. 14 xf!gjoe!uif!xbz Land NonuseIrregular Shaped Parcels 15 xf!gjoe!uif!xbz Gbdups!)e*!—Votbojubsz!ps!Votbgf!Dpoejujpot Description: This factor refers to a multitude ofunsanitary,unsafe or hazardous conditions. The commonality is that these conditions contribute to hazards that could have an adverse effect on the health, safety or wellbeing of the public. This factor shares similarities to conditions one (1), five (5), eight (8), nine (9) and ten (10). Conditions that would justify the inclusion of this factor in an area may include: Floodplain or flood prone areasFacilities are prone to fire dangers Poor storm water drainage areasEnvironmental contamination Cracked or uneven sidewalksInadequate utility systems Hazardous materialsWater scarcity and lack of water and Hazardous geology or soil conditionssewer infrastructure Dangerous traffic or pedestrian Evidence of vandalism or homelessness conditionsSteep topography High crime statisticsTrash, debris and noxious weeds Gjoejoht This factor includes multiple conditions identified within the survey area. Theconditions include floodplain, poor storm water drainage areas, inadequate utility systems, lack of sewer infrastructure, evidence of homelessness, steep topography,and the presence of trashand weeds. The most notable condition under this blighting factor is the floodplain. Nearly all of the survey area falls within the 100-year floodplain, as designated by FEMA’s Special Flood Hazard Area AE. The area is near Fountain Creek, and portions of its easternmost parcel touch or overlap with this floodway. Thefact that this survey area falls within the 100-year floodplain marks this blighting factor’s presence. There are other conditions that were alsoidentified during fieldwork.The survey area lacks storm water drainage systems, a major concern to future developmentbecause of the floodplain. There is also no central infrastructure or utilities within the surveyed parcels.Trashand debris were frequently observed scattered throughout the survey areaalso. It appeared that portions of the site have been used for dumping trash and establishing homeless encampments. During fieldwork, PDC was approached by service workers warning about the large homeless encampment on the northernmost property. The trash in this area was prolific. Steep topography and noxious weeds were another condition highlighting the presence of this factor. The survey area has steep topography on either side of Dillon Drive. Steep topography was especially prevalent in the southern parcel to the east of Dillon Drive.In addition to steep topography, noxious weeds are present throughout the site. The land has been vacant so various types of weeds have grown and spread. These conditions, especially the presence of the 100-year floodplain, underscore the presence of this factor. 16 xf!gjoe!uif!xbz Homelessness Evidence Trash Debris & Weeds100-Year Floodplain 17 xf!gjoe!uif!xbz Gbdups!)f*!—Efufsjpsbujpo!pg!Tjuf!ps!Puifs! Jnqspwfnfout Description: This factorconsiders conditions of the site or its infrastructure.It is similar to factor two (2) and four (4), in that it focuseson the deterioration of exterior elements, and/orthe current condition of public infrastructure. A visual deterioration of exterior elements, or adecline of public infrastructure,are examplesof this factor.Private land and/or structures that have fallen into disrepair or are damaged also exhibit thisfactor. Conditions that would justify the inclusion of this factor in an area may include: •Poor condition of streets or sidewalks •Signage, such as billboards, that has fallen into disrepair •Neglected Landscaping •Damaged or missing public utilities •Abundance of trash, debris or noxious weeds. Gjoejoht This factor includesconditionsthatcontribute to a negative perception throughout the survey area. These conditions may includedeteriorating outside elements such as signage,trash and debris, neglected landscaping, and missing public infrastructure.Many of theseconditions were also identified in Factor 1andFactor 4. Neglected landscaping and missing public utilities were evident in the study area and highlight the presence of this factor. The survey area exhibits neglected landscaping, as evidenced by the deteriorating fencing, trash and debris piles, and overgrown weeds. Publicutilities such as water and sewer infrastructurearemissing, as mentioned in Factor 4. Streets that have fallen into disrepair also exhibited weeds growing through cracks in the asphalt or overgrowing the ROW. Sign disrepair was present in the survey area on multiple parcels with dilapidated ‘for sale’ signs. The signs have evidence of weathering, peeling paint, and neglect. The combination of signagedisrepair,neglected landscaping, damagedor missingpublic utilities, and trash, debris, and weeds in the survey area justified this blighting factor’s inclusion. 18 xf!gjoe!uif!xbz Damaged UtilityNo LandscapingSign Disrepair Site DeteriorationPoor Street Conditions 19 xf!gjoe!uif!xbz Gbdups!)g*!—Vovtvbm!Upqphsbqiz!ps!Jobefrvbuf! Qvcmjd!Jnqspwfnfout!ps!Vujmjujft Description: This factor refers to unusual topography or lack of public infrastructure that have the effect of arresting sound development in a study area. Areas that exhibit steep grades which cause development to be incompatible or unprofitable would fall under this factor. Properties that are lacking public infrastructure, or are served by deteriorating public infrastructure, would also fall under this factor. This factor shares aspects of factors two (2), four (4)and five (5). Conditions that justify the inclusion of this factor in an area may include: •Steep slopes or unusual terrain •Overhead utilities in need of repair •Deteriorating parking lots, street surfaces, sidewalks •Poor storm water drainage facilities •Lack of central sewer or water •Lack of internal street network •Broken or inadequate street lighting Gjoejoht Blighting factors two (2), four (4)and five (5)identified conditions that also underscore the presence of blighting factor six (6) within the survey area. Inadequate public improvementsor infrastructure, such as the missing road networksin factor two (2), and missing stormwater facilities identified in factor four (4) also serve as examples of blighting factor six (6). The survey areahas varying topographywhich is especially apparent inthe areas abutting Dillon Drive. Thelarge parcel inthe survey’s northern limits experiences a signifcant depression from the roadway, so much so that substantial grading and stormwater infrastructure will be required for future development. This undulating topography was also exhibited insouthern parcel to the east of Dillon Drive and along parcels adjacent to Fountain Creek. The terrain of the entire survey area is at a lower level than Dillon Drive and Highway 47, whichexplainswhy thisarea falls within the 100-year floodplain. In addition to steep slopes, theareais missing public infrastructure necessaryfor redevelopment. These vanant properties are large in terms of acreage, and central services and roadways will need to be extended in order toactivate the properties. Extending these services will be challenging on account of the steep and varied infrastructure. The floodplain also presents development challengesfor extending this infrastructure. The presence of each of these conditions justifiesthis blighting factor’s inclusion. 20 xf!gjoe!uif!xbz Steep TopographyUnusual TerrainNo Street Network Missing Central Services 21 xf!gjoe!uif!xbz Gbdups!)k*!—Fowjsponfoubm!Dpoubnjobujpo!pg! Cvjmejoht!ps!Qspqfsuz Description: This factor refers specifically to the environmental contamination of buildings or property. In this regard, it shares many similarities with factors four (4) and eight (8). Conditions that would justify the inclusion of this factor in an area may include: •The presence of hazardous materials in buildings or property Gjoejoht The Plan area includes afeature that yieldsa propensity for environmental contamination. The feature is a railroad corridorthat transects the Plan area’s western boundary. Railroad lines can contaminate surrounding soils with hazardous materials.Railroad operations often lead tothe presence ofRecognized Environmental Contaminants (RECs)through various means, including contaminants such as creosote, metals and petroleum products.There is also a propensity for soil contamination to occur from debris/spills associated with railroad activity.This contamination can be the result of years of use, spills, or former maintenance of the lines. The soil contamination may requireremediation efforts along the rail line, which can complicate future development within the area. The presence of a railroad is often enough evidence to warrant the inclusion of this factor, even without Phase 1 or Phase 2 Environmental Site Assessments. These potential contaminants present challenges for redeveloping the properties adjacent to the rail corridor. Remediation efforts for contaminated soil can be costly and time-consuming, impacting project timelines and budgets. Additionally, depending on the severity of the contamination, the developer may be required to implement specific mitigation strategies during construction to protect workers and future residents. Therefore, Phase 1 and Phase 2 Environment SiteAssessments areadvisable before development commences. These tests will determine the extent of the blighting factors and whether a remediation plan is necessary. 22 xf!gjoe!uif!xbz Proximity to Railroad 23 xf!gjoe!uif!xbz Gbdups!)l/6*!—Uif!fyjtufodf!pg!ifbmui-!tbgfuz-!ps! xfmgbsf!gbdupst!sfrvjsjoh!ijhi!mfwfmt!pg!nvojdjqbm! tfswjdft!ps!tvctuboujbm!qiztjdbm!voefsvujmj{bujpo!ps! wbdbodz!pg!tjuft-!cvjmejoht-!ps!puifs!jnqspwfnfout! Description: This factor references a broad category of health, safety and welfare factors. The common conditions for this factor to be present are instances where high levels of municipal service are required, substantial physical underutilization of property is exhibited, or high levels of vacancy are common. Vacancy can include land, buildings, or tenancy. This factor shares similarities with many of the factors on this list. Conditions that would justify the inclusion of this factor in an area include: •Numerous vacant buildings or property throughout the area •Evidence of underutilized buildings •Underutilized or vacant sites Broken or inadequate street lighting Gjoejoht The survey areais characterized by vacant and underutilized parcelsthroughout its ~46.5acres. This vacancy and underutilization are conditions that fall under Blighting Factor k.5. Each of the14parcelsinthe survey area are vacant and underutilized. The parcels have been vacant for an extended amount of time which has allowed noxious weeds to growand trash to be dispersed throughout. The one structure present in the survey area is vacant and underutilizedwhich has further progressed itsdilapidation and disrepair. It should be noted that this vacancy is unique to the surrounding area.Development is occurring adjacent to the proposed Plan area, and also to the southwest. The fact that development is occurring around this survey area indicates that the market would support development in this location. Dillon Drive also represents a major infrastructure improvement, with four lanes separated by an island within the survey area.This infrastructure is designed in a way that anticipates development, but at the moment, it appears oversized and out of place. The surrounding development pressure and presence of large arterials highlight the fact that blighting factors are arresting sound development from occurring in this location. The level of vacancy and underutilization is direct evidence for the inclusion of this blighting factor. 24 xf!gjoe!uif!xbz Site VacancyLand NonuseUnderutilized Structure Underutilized Property 25 xf!gjoe!uif!xbz Dpodmvtjpo This Conditions Survey catalogs the presence of statutorily defined blighting factors within the proposed Dillon DriveUrban Renewal Plan area.This report was designed to assist Pueblo URAin determining whether this area is1) eligible for urban renewal projects and activities, and 2) that the proposed boundaryisdrawn as narrowly as possible. This Conditions Survey identified eight(8) blighted area factors as defined by Colorado’s Urban Renewal Law, within the City’s municipal limits. The presence ofeightblightingfactors meets the requirements outlined in (C.R.S. 31-25-104), in which at least four blightingfactors must be present for that area to be declared “blighted” and therefore eligible to be designated as an Urban Renewal Plan area. The proposed boundary also meets the statutory recommendation of “being drawn as narrowly as possible”. Theproposed boundary includes 14parcels with multiple blighting factors present on each parcel. This Conditions Survey finds that the proposed Dillon Drive Urban Renewal Plan area can be declared a “blighted area” as defined by Colorado’s Urban Renewal Law and therefore qualifies for urban renewal treatment. 26 xf!gjoe!uif!xbz Bqqfoejy ConditionsSurveyMaps FEMAFloodInsuranceRateMap 27 xf!gjoe!uif!xbz TO:Jerry Pacheco, Pueblo Urban Renewal Authority Cherish Deeg, Pueblo Urban Renewal Authority FROM:Andrew Arnold, Pioneer Development Company th DATE:May 4, 2025 RE: Dillon Drive Urban Renewal Plan Conditions Survey Dear Jerryand Cherish, This letter is in reference to the proposed Dillon DriveUrban Renewal Plan and its eligibility for Urban Renewal treatment. This letter’s purpose is to affirm that theblighted area factors, as defined by C.R.S. 31-25-103.2, and catalogued in theJuly 25, 2024Conditions Survey Study, still exceed the statutory threshold of conditions necessary for the Plan area to be eligible for UrbanRenewal Treatment.The proposed Plan area has undergone preliminary development since our July th 25, 2024Conditions Survey was completed. That development workhas mitigated some of the blighted area factors originally catalogued. However, this development commenced under the assumption that PURAand its partnering taxing entitieswill approvethe Dillon Drive Urban Renewal Plan. The development also assumedthat thiswork, which is mitigating blighted area factors, would be reimbursed with tax increment generated by the Dillon Drive Urban Renewal Plan’s future development. This letter seeks to explain to which conditions have been successfully mitigated by the developer, and whichconditions remain within the proposed Urban Renewal Plan area. th On July 25, 2024, I submitted a Conditions Survey study to the Pueblo Urban Renewal Authority(PURA)that analyzed statutorily defined blighted area factors within the proposed Dillon DriveUrban Renewal Plan area. This Plan area included ~46.5-acresand, according to the City’s Planning Dept., nine (9) parcels.The Conditions Survey identified eight (8)of the eleven (11) statutorily defined factors listed in C.R.S. 31-25-103.2, meaning the Dillon DriveUrban Renewal Plan area is eligible for Urban Renewal treatment.These conditions included: deteriorating structures, inadequate internal streetlayouts and the need to reconstruct dirt roads serving the area’s northern parcels, irregular shaped lots, unsanitary and unsafe conditions, site deterioration, lack of public utilities serving the interior parcels, environmental contamination risks associated with the adjacent railroad lines, and underutilization and vacancy. Theseeight(8) identified factors exceed statute’s four blighted area factor threshold, meaning that the proposed plan area is eligible for UrbanRenewal Treatment. Nearly two years after this study was submitted, the Pueblo Urban Renewal Authorityand the City of Pueblo now are seeking to officially establish theDillon DriveUrban Renewal Plan. I’ve been asked to submit thisletter stating whether the proposed Plan area’s blighting factors are still present, and if any are now mitigated, whether the proposed Plan area still qualifies for UrbanRenewal treatment. The Dillon DriveUrban Renewal Plan still qualifies for Urban Renewal treatment. Only one of the eight identifiedblighting factors identified in 2024 has been mitigated. Thedevelopment team, by beginning its site work, haveremoved all deterioratingbuilding improvements within the Plan area. This effectively removes Blighted Area Factor (a), “Slum, Deteriorated, or Deteriorating Structures”. This changeleaves the proposed Plan area withseven (7) remaining blighted area factors. PDC returned to the site last month and can confirm that all seven factors remain present within the boundaries of the Plan area. As previously stated, the developer is moving forward withsite work under the assumption that this Plan will be approved by PURA and its partnering taxing entities. The purpose of the Dillon DriveUrban Renewal Plan is to remediate theremainingblighting factors, and without that Planand itsincentivesin place, it is unlikely that the propertiesin this areacan remove these conditions arresting sound development. If you have any questions or need additional details regarding this opinion, please do not hesitate to reach out to me. Thank you for the opportunity to work with you, PURA, and the Pueblo Community. Andrew Arnold Founder | Principal Pioneer Development Company Durango, Colorado 856.625.6564 andrew@pioneerdevelopmentcompany.com Dillon Drive Urban Renewal Plan June 30, 2025 Prepared by: Pioneer Development Company, Pueblo Urban Renewal Authority (PURA) 1 2 Contents I.Introduction.............................................................................................................................5 II.Urban Renewal Area Boundary...............................................................................................5 III.Summary of Statutory Criteria ................................................................................................ 5 IV. Description of Urban Renewal Project .................................................................................... 7 A.Urban Renewal Plan Goals and the Plan's Relationship to Local/Regional Objectives 7 1. Goals of the Plan............................................................................................................. 7 2. Relationship to Comprehensive Plan............................................................................ 8 3. Relationship to City Consolidated Plan ......................Error! Bookmark not defined. B.Land Use Regulations and Building Requirements ........................................................... 11 V. PROJECT ACTIVITIES....................................................................................................... 11 A. Land Acquisition ................................................................................................................ 11 B.Relocation ........................................................................................................................... 11 C. Demolition, Clearance, and Site Preparation..................................................................... 12 D. Property Management ........................................................................................................ 12 E.Public Improvements .......................................................................................................... 12 F.Land Disposition, Redevelopment and Rehabilitation ....................................................... 12 G. Cooperation Agreements .................................................................................................... 13 H. Other Project Undertakings and Activities ......................................................................... 13 VI. PROJECT FINANCING ....................................................................................................... 14 VII. CHANGES IN APPROVED PLAN ..................................................................................... 15 VIII......................................................................................................................MINOR VARIATIONS 15 3 DEFINITIONS The terms used in this Urban Renewal Plan shall have the following meanings: Act means the Colorado Urban Renewal Law, Part 1 of Article 25 of Title 31, of the Colorado Revised Statutes. Area or Urban Renewal Area means the area of the City included within the boundaries of this Urban Renewal Plan as depicted in Exhibit A and described in Exhibit B. Authority means the Urban Renewal Authority of Pueblo, Colorado. City means the City of Pueblo, Colorado. City Planning means the Department of Planning & Community Development of the City of Pueblo, Colorado. Comprehensive Plan means the Pueblo Regional Comprehensive Plan adopted in 2022. County means Pueblo County, Colorado. Plan or Urban Renewal Plan means this urban renewal plan as it may be amended in the future. Project or Urban Renewal Project means all activities and undertakings described in this Plan. 4 I. INTRODUCTION The purpose of this Plan is to implement those provisions of Pueblo’s Regional Comprehensive Plan that apply to the Urban Renewal Plan area. The provisions of this Plan are intended to help provide important services to the Area, eliminate and prevent conditions of blight, attract private investment, utilize underdeveloped land, and leverage public investment and funding mechanisms to promote redevelopment and rehabilitation of the area by private enterprise, and, where necessary, provide necessary public infrastructure to serve the Area. This Urban Renewal Plan has been proposed for consideration by the City Council of Pueblo pursuant to the provisions of the Act. The administration of the Project and the implementation of the Plan shall be the responsibility of the Authority. II. URBAN RENEWAL AREA BOUNDARY An Urban Renewal Plan area has been created that includes properties that are within the City of Pueblo’s municipal limits. The Area, titled “Dillon Drive Urban Renewal Plan” includes nine(9) parcels bisected by Dillon Drive. These parcels encompass ~33.858 acres and are currently zoned I-2 Industrial District, and S-3 Floodplain District. The subject area is characterized by floodplain,vacant land, unusual topography, deterioratingstructures,missing infrastructure, irregularlyshaped parcels, and homeless encampments.The Area’s characteristics make future development challenging. PURA evaluated this areafor Urban Renewal treatmentbecause of the propensity for these characteristics to represent blighted area factors. III. SUMMARY OF STATUTORY CRITERIA On July 25, 2024, a conditions survey report was delivered to the Pueblo Urban Renewal Authority that summarized a blight study of the area described as the Dillon DriveUrban Renewal Plan. Relevant conditions were researched, documented, photographed, and compared with the blighted areafactors pursuant to the Act. The result of the survey is included in a document entitled "The Dillon Drive Urban Renewal Plan ConditionsSurvey" (the Conditions Survey) dated July 25, 2024, consisting of 30pages, related exhibits, a description of existing conditions, andnumerous photographs. The Conditions Survey is incorporated herein in its entirety by this reference. 5 The Conditions Survey found that the following factors listed in the Act are present in the Area and that these conditions qualify the Area as a "blighted area" as defined in the Act: Conditions Survey – Blighting Factors Catalogued Blighted Area Factor # Definition (C.R.S. 31-25-103.2 List Label) Factor 1 (a) Slum, Deteriorated, or Deteriorating Structures Factor 2 (b) Predominance of Defective or Inadequate Street Layout Faulty Lot Layout in Relation to Size, Adequacy, Accessibility, Factor 3 (c) or Usefulness Factor 4 (d) Unsanitary or Unsafe Conditions Factor 5 (e) Deterioration of Site or Other Improvements Unusual Topography or Inadequate Public Improvements or Factor 6 (f) Utilities Factor 10 (j) Environmental Contamination of Buildings or Property. The Existence of Health, Safety, or Welfare Factors Requiring High Levels of Municipal Services or Substantial Physical Factor 11 (k.5) Underutilization or Vacancy of Sites, Buildings, or Other Improvements 6 IV.DESCRIPTION OF URBAN RENEWAL PROJECT This Plan will be implemented as part of a comprehensive program to eliminate and prevent blight in the Urban Renewal Plan Area. The Authority and the City, with the cooperation of private enterprise and other public bodies, will undertake a program to eliminate the conditions of blight identified in the Conditions Survey while supporting Pueblo’s Regional Comprehensive Plan, and the Pueblo community’s remediation and redevelopment goals. Although there are other adopted Plan’s both locally and regionally not listed, the Goals and Policies of these plans are assumed to be subsumed under the Regional Comprehensive Plan. A. Urban Renewal Plan Goals and the Plan's Relationship to Local and Regional Objectives Goals of the Plan 1. Goals of the Plan – This Plan has been adopted to achieve the following goals in the Area: a)To alleviate blighting conditions within the Area’s boundary. b) To encourage renewal throughout the Areaby attracting additional investment and redevelopment within the Plan. c) To leverage Tax Increment Financing to assist with the funding of infrastructure and facilities that will help advance the remediation and revitalization goals of the Area. d) To incentivize and invest in catalytic development that will remediate blighting conditions throughout the Area. e)To encourage redevelopment within the Area that aligns with the City of Pueblo’sfuture land use designations and zoning districts. f) To leverage Tax Increment Financing to help attract new commercial investments and development that align with the City’s current and future zoning districts within the area. g)To improve the streetscapes to promoteon-street bike and pedestrian travel while also enhancing lighting, sidewalks, pedestrian safety, parking, signage, and landscaping. h) To improve pedestrian connections within the Plan area. i) To invest in cultural and community spaces within the Area. j) To help fund and ensure offsite workforce housing is available for the workers in these new areas. 7 2. Relationship to Comprehensive Plan The Plan conforms with and is designed to help implement the Visions, Goals, Policies and Guiding Principles detailed in the Regional Comprehensive Plan, revised and adopted September 2022. In addition to this conformance, the Plan will remediate blighting conditions and attract development that aligns with the following “Key Themes” and their associated “Issues/Opportunities” outlined in the Regional Comprehensive Plan: o Access to Services: Proximity of Commercial Services to Neighborhoods Public Infrastructure Economy: o Good Paying Jobs Availability of Employment Opportunities Quality of Businesses and Services Growth and Development o Overall Appearance and Quality of the Built Environment Overall Quality and Condition of Existing Neighborhoods Maintenance and Beautification o Recreation Access/Proximity to Walking/Biking Paths and Trails o Transportation and Connectivity Sidewalk Connectivity Ease of Travel by Biking Ease of Travel by Car The following outline details specific “Regional Goals and Policies” in Pueblo’s Regional Comprehensive Plan that the Dillon Drive Urban Renewal Plan’s remediation of Blighted Area Factors and subsequent attraction of new private investment and development will advance: a) The Plan will supportthe Comprehensive Plan’s Guiding Principle 4: “Celebrate Pueblo”. Specifically, the Plan will help advance Goals 4. 6. Goal 4.6: “Enhance the Appearance of Public Spaces, Rights-of-Way, and Community Gateways” - The Plan will remediate conditions that have prevented new development in a highly visible, high intensity zoned parcel located near Highway 50, Highway 47, and Interstate 25. The Plan will bring higher and better uses to the site and remove unsightly blight from this area of the city. 8 b) The Plan will support the Comprehensive Plan’s Guiding Principle 5: “A Future Ready Economy and Workforce”. Specifically, the Plan will help advance Goal 5.2and Goal 5.5. Goal 5.2: “Diversify the Region’s Economic Base”. The Plan will promote the regional vision and shared goals for economic development. The Urban Renewal Plan represents a regional partnership of taxing entities that, through revenue sharing agreements, help alleviate blighting conditions and attract economic development within the Plan area. Planned development in this area includes Medical Offices and Commercial Retail Space. Goal 5.5: “Make it Easy to Do Business in Pueblo”. The Plan represents objectives described under this goal “easing” the development process. The Plan represents a regional, collaborative, and focused approach to coordinating economic development, the provision of infrastructure, leveraging funding resources for new development. The Plan is a vehicle that allows these objectives to become realized and help new development align with the Regional Comprehensive Plan. c) The Plan will support the Comprehensive Plan’s Guiding Principle 6: “Grow Smarter”. Specifically, the Plan will help advance Goal 6.1 and 6.2. Goal 6.1: “Promote a fiscally and environmentally responsible pattern of growth” - The Plan will support new commercial development that will be coordinated with regional taxing entities, targeted in a concentrated area, and ensure the development is consistent with the Goals and Policies of the Comprehensive Plan. The Plan will also leverage funding mechanisms, such as Tax Increment Financing, in a manner that will offset costs generated by new development activities within the Area by limiting fiscal impacts to taxing entities. This development will also be required to meet environmental standards, especially those related to the Floodplain and nearby Fountain Creek. 9 Goal 6.2: “Encourage Infill and Reinvestment in Established Communities and Neighborhoods” - The Plan is located within an “Underutilized Center or Corridor” per the Regional Comprehensive Plan’s “Priority Areas for Infill and Redevelopment” map on page 66. This priority area is described as “vacant or underutilized commercial centers”. The Plan will remediate blighting factors in this area, thereby clearing hurdles to development. This in turn will attract new development and investment to this underutilized and vacant area. This process fulfills the objectives and policies outlined by the Regional Comprehensive Plan in regard to prioritizing the development of these vacant and underutilized corridors. Goal 7–Improve and maintain public infrastructure and facilities: Includes streetand sidewalk improvements including lighting and streetscaping, water and sewer improvements, flood drainage improvements, solid waste management improvements. The Plan will improve public infrastructure through enhanced street and sidewalk network connections within the area. These improvements will occur along the Plan area’s adjacent arterials and also in the interior of the properties that will be developed. The Plan will bring additional infrastructure to the area, including central water and sewer services. Stormwater retention areas and floodplain mitigation are planned for the area’s future development. Increased connectivity and system improvements would advance the City’s Consolidated Plan’s Goal. Goal 8 –Economic Development: Includes activities such as workforce and economic development initiatives. The Plan will alleviate conditions arresting sound development within this specific area and help attract private investment to generate higher and better economic uses. The parcel is zonedindustrial and is currently vacant. The Plan will remediate conditions arresting the development of this underutilized and vacant area and attract commercial office and retail development. Attracting commercial development to this Areawould advance the City’s Consolidated Plan’s Goal. Goal 9 – Eliminate Slum or Blighting Influences: Includes the demolition of vacant and dilapidated structures that pose a threat to health and safety, code enforcement, and graffiti removal and façade improvement programs. 10 The Plan’s primary charge is to eliminate blighting factors arresting sound development within the Plan Area. The Conditions Survey identified blighting factors in the area that included vacant land, a deteriorating structure and dilapidated signage as well as trash and debris. The Plan’s primary purpose is in alignment with the City Consolidated Plan’s goalto eliminate slum or blighting influences. B. Land Use Regulations and Building Requirements a)The Plan will provide a comprehensive and unified plan to promote and encourage high quality development and redevelopment of the Urban Renewal Area by cooperative efforts of private enterprise and public bodies. Notwithstanding anything in the Plan to the contrary, the development and use of the property within the Urban Renewal Area described in the Plan including, without limitation, land area, land use, design building requirements, timing or procedures applicable to the property, shall be subject to the Pueblo Municipal Codeand secondary codes therein adopted by reference, and other applicable standards and regulations of the City of Pueblo ("City Regulations"). Permitted uses for properties in the Urban Renewal Area shall be those uses allowed in the City of Pueblo Zoning Code and Land Use Code. V. PROJECT ACTIVITIES The following provisions shall apply to the Area. In accordance with the Act, the Authority may undertake these activities directly or, to the extent authorized by applicable law, contract with third parties to do so. A. Land Acquisition To carry out this Plan, the Authority may exercise any and all of its rights and powers under the Act and any other applicable law, ordinance or regulation. The Authority may acquire any interest in property by any manner available. The Authority may acquire property in the Area for the following reasons: To eliminate or prevent conditions of blight; to carry out one or more objectives of the Plan; to assemble property for redevelopment by private enterprise; for needed public improvements; and for any other lawful purpose authorized by the Plan, the Act, or any other applicable law. Acquisition of property by eminent domain is not authorized unless the City Council approves, by majority vote, the use of eminent domain by the Authority in accordance with the Act and other applicable laws. B. Relocation If acquisition of property displaces any individual, family, or business concern, the Authority may assist such party in finding another location, and may, but is not obligated 11 to, make relocation payments to eligible residents and businesses in such amounts and under such terms and conditions as it may determine and as may be required by law. C. Demolition, Clearance, and Site Preparation The Authority may demolish and clear those buildings, structures, and other improvements from property it acquires if such buildings, structures, and other improvements are not to be rehabilitated in accordance with this Plan. The Authority may provide rough and finished site grading and other site preparation services as part of a comprehensive redevelopment program. D. Property Management During such time as any property is acquired by the Authority, for disposition for redevelopment, such property shall be under the management and control of the Authority and may be rented or leased by it pending disposition for redevelopment or rehabilitation. Notwithstanding the foregoing, the Authority may acquire property, develop, construct, maintain, and operate thereon buildings, and facilities devoted to uses and purposes as the Authority deems to be in the public interest. E. Public Improvements The Authority will cooperate with the City and other public bodies to install, repair or replace necessary public infrastructure including, but not limited to, public streets, ADA accessible routes, stormwaterimprovements outside the scope of the City Storm Water Enterprise, park and recreation amenities, workforce housing and multi-use recreational trails in the Area or supporting the Area. F. Land Disposition, Redevelopment and Rehabilitation The Authority may dispose of property it acquires by means of a reasonable competitive bidding procedure it establishes in accordance with the Act and pursuant to redevelopment agreements between the Authority and such purchasers. The Authority may also enter into owner participation agreements with property owners in the Area for the development, redevelopment, or rehabilitation of their property. Such agreements will provide for such participation and assistance as the Authority may elect to provide to such owners. The Authority may develop, construct, maintain, and operate buildings and facilities devoted to uses and purposes as the Authority deems to be in the public interest. All such redevelopment, owner participation and other agreements shall contain, at a minimum, provisions requiring: Compliance with the Plan and, if adopted by the Authority, the Design Guidelines and Standards and City codes and ordinances. Covenants to begin and complete development, construction, or rehabilitation of both public and private improvements within a period of time deemed to be reasonable by the Authority. 12 The financial commitments of each party (but nothing herein shall obligate the Authority to make any such financial commitment to any party or transaction). G. Cooperation Agreements For the purposes of planning and carrying out this Plan in the Area, the Authority may enter into one or more cooperation agreements with the City, County, or other public bodies. Without limitation, such agreements may include project financing and implementation; design, location, and construction of public improvements; and any other matters required to carry out this Project. It is recognized that cooperation with the City, County, other municipalities, and other public and private bodies may be required to coordinate such issues as the design, construction, maintenance, operation, and timing of public and private improvements within and outside of the Area to properly and efficiently carry out the goals and objectives of this Plan. H. Other Project Undertakings and Activities Other Project undertakings and activities deemed necessary by the Authority to carry out the Plan in the Area may be undertaken and performed by the Authority or pursuant to agreements with other parties or public bodies in accordance with the authorization of the Act and any and all applicable laws. 13 VI. PROJECT FINANCING The Authority is authorized to finance activities and undertakings under this Plan by any method authorized by the Act or any other applicable law, including without limitation, appropriations, loans or advances from the City or County; federal loans and grants; state loans and grants; interest income; pay as you go arrangements; annual appropriation agreements; agreements with public and private parties or entities; sale of securities; loans, advances and grants from any other available source. Any and all financing methods legally available to the City, the County, the Authority, any private developer, redeveloper or owner may be used to finance in whole or in part any and all costs, including without limitation, the cost of public improvements described or anticipated in the Plan or in any manner related or incidental to the development of the Urban Renewal Area. Such methods may be combined to finance all or any part of activities and undertakings throughout the Urban Renewal Area. Any financing method authorized by the Plan or by any applicable law, including without limitation, the Act, may be used to pay the principal of and interest on and to establish reserves for indebtedness (whether funded, refunded, assumed or otherwise) incurred by theAuthority or the City or the County to finance activities and undertakings authorized by the Act and this Plan in whole or in part. The Authority is authorized to issue notes, bonds or any other financing instruments or documents in amounts sufficient to finance all or part of the Urban Renewal Plan. The Authority is authorized to borrow funds and to create indebtedness in carrying out this Plan. The principal, interest, and any premiums due on or in connection with such indebtedness may be paid from any funds available to the Authority. The Project may be financed by the Authority under the tax allocation financing provisions of the Act. Under the tax allocation method of financing the Project, property taxes levied after the effective date of the approval of this Plan upon taxable property in the Urban Renewal Area each year by or for the benefit of each public body that levies property taxes in the Area, shall be divided for a period not to exceed twenty-five (25) years after the effective date of the adoption of this tax allocation provision, as follows: Base Amount That portion of the taxes which are produced by the levy at the rate fixed each year by or for such public body upon the valuation for assessment of taxable property in the Urban Renewal Area last certified prior to the effective date of approval of the Plan or, as to an area later added to the Urban Renewal Area, and the effective date of the modification of the Plan shall be paid into the funds of each such public body as are all other taxes collected by or for said public body. Increment Amount That portion of said property taxes in excess of such base amount shall be allocated to and, when collected, paid into a special fund of the Authority to pay the principal of, the interest on, and 14 any premiums due in connection with the bonds of, loans or advances to, or indebtedness incurred by (whether funded, refunded, assumed or otherwise) the Authority for financing or refinancing, in whole or in part, the Project. Unless and until the total valuation for assessment of the taxable property in the Urban Renewal Area exceeds the base valuation for assessment of the taxable property in the Urban Renewal Area, all of the taxes levied upon taxable property in the Urban Renewal Area shall be paid into the funds of the respective public bodies. When such bonds, loans, advances, and indebtedness, including interest thereon and any premiums due in connection therewith, have been paid, all taxes upon the taxable property in the Renewal Area shall be paid into the funds of the respective public bodies. Urban The increment portion of the taxes, as described in this subparagraph 2, may be irrevocably pledged by the Authority for the payment of the principal of, the interest on, and any premiums due in connection with such bonds, loans, advances,and indebtedness incurred by the Authority to finance the Project. VII. CHANGES IN APPROVED PLAN This Plan may be modified pursuant to the provisions of the Act governing such modifications, including Section 31-25-107, C.R.S. VIII. MINOR VARIATIONS The Authority may in specific cases allow minor variations from the provisions of the Plan if it determines that a literal enforcement of the provisions of the Plan would constitute an unreasonable limitation beyond the intent and purpose of the Plan. 15 EXHIBIT A LEGAL DESCRIPTION A PARCEL OF LAND BEING A PORTION OF THE NORTHWEST QUARTER OF SECTION 18, TOWNSHIP 20 SOUTH, RANGE 64 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF PUEBLO, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT MARKED BY AN AXLE IN A RANGE BOX; THENCE S89°31'31”E A DISTANCE OF 792.29 FEET TO A POINT ON THE RIGHT-OF-WAY LINE OF 40TH STREET, SAID POINT BEING THE POINT OF BEGINNING; THENCE ON SAID RIGHT-OF-WAY LINE THE FOLLOWING FOUR (4) COURSES: 1. N00°28'46”E A DISTANCE OF 111.94 FEET TO A POINT OF CURVE; 2. ON THE ARC OF A CURVE TO THE LEFT HAVING A DELTA OF 109°34'28”, A RADIUS OF 96.78 FEET, A DISTANCE OF 185.09 FEET TO A POINT OF TANGENT; 3. S70°54'18”W A DISTANCE OF 51.22 FEET; 4. S89°48'46”W A DISTANCE OF 147.64 FEET TO A POINT ON THE NORTHEASTERLY RIGHT-OF-WAY LINE OF DILLON DRIVE; THENCE ON SAID RIGHT-OF-WAY LINE THE FOLLOWING FIVE (5) COURSES: 1. N26°25'24”W A DISTANCE OF 147.64 FEET TO A POINT OF CURVE; 2. ON THE ARC OF A CURVE TO THE LEFT HAVING A DELTA OF 35°00'00”, A RADIUS OF 856.30 FEET, A DISTANCE OF 523.08 FEET TO A POINT OF TANGENT; 3. N61°25'24”W A DISTANCE OF 58.12 FEET; 4. N63°53'34”W A DISTANCE OF 137.90 FEET; 5. N71°13°02”W A DISTANCE OF 43.58 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY LINE OF THE DENVER AND RIO GRANDE RAILROAD; THENCE N23°32'41”E ON SAID EASTERLY RIGHT-OF-WAY LINE A DISTANCE OF 468.55 FEET; THENCE S66°54'44”E A DISTANCE OF 1,065.17 FEET TO THE NORTHWEST CORNER OF THE DEED RECORDED IN BOOK 1842 AT PAGE 897 IN THE RECORDS OF COUNTY OF PUEBLO, STATE OF COLORADO; THENCE S00°25'23”E ON SAID WESTERLY BOUNDARY LINE A DISTANCE OF 806.29 FEET; THENCE N89°30'34”W ON SAID SOUTH LINE A DISTANCE OF 210.38 FEET TO THE POINT OF BEGINNING. CONTAINING A CALCULATED AREA OF 750,553 SQUARE FEET OR 17.230 ACRES. TOGETHER WITH 16 A PARCEL OF LAND BEING A PORTION OF THE NORTHEAST QUARTER OF SECTION 13, TOWNSHIP 20 SOUTH, RANGE 65 WEST AND A PORTION OF THE NORTHWEST QUARTER OF SECTION 18, TOWNSHIP 20 SOUTH, RANGE 64 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF PUEBLO, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT POINT MARKED BY AN AXLE IN A RANGE BOX AT THE EAST QUARTER CORNER OF SECTION 13, SAID POINT BEING THE POINT OF BEGINNING; THENCE N00°25'23”W, ON THE EAST LINE OF SAID SECTION 13 A DISTANCE OF 60.01 FEET; THENCE S88°34'38”W, PARALLEL TO THE SOUTH LINE OF THE NORTHEAST QUARTER OF SECTION 13, A DISTANCE OF 465.35 FEET TO A POINT ON THE EASTERLY RIGHT-OF-WAY LINE OF THE DENVER AND RIO GRANDE RAILROAD, SAID POINT BEING A POINT ON CURVE; THENCE ON THE ARC OF A CURVE TO THE RIGHT, WHOSE CENTER BEARS S75°47'26”E, HAVING A DELTA OF 09°20'07”, A RADIUS OF 1,806.25 FEET A DISTANCE OF 294.30 FEET TO A POINT OF TANGENT; THENCE CONTINUING ON SAID RIGHT-OF-WAY N23°32'41”E A DISTANCE OF 143.62 FEET TO A POINT ON THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF DILLON DRIVE; THENCE ON THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF DILLON DRIVE AND THE NORTHWESTERLY RIGHT-OF-WAY LINE OF 40TH/ STREET, THE FOLLOWING EIGHT (8) COURSES: 1. S66°26'45”E A DISTANCE OF 118.16 FEET; 2. S73°31'50”E A DISTANCE OF 210.80 FEET; 3. S65°51'46”E A DISTANCE OF 64.09 FEET TO A POINT OF CURVE; 4. ON THE ARC OF A CURVE TO THE RIGHT, HAVING A DELTA OF 39°01'16”, A RADIUS OF 426.14 FEET, A DISTANCE OF 290.22 FEET; 5. S26°24'11”W A DISTANCE OF 48.36 FEET; 6. S69°39'22”W A DISTANCE OF 70.19 FEET' 7. S45°32'06”W A DISTANCE OF 50.97 FEET 8. S79°39'15”W A DISTANCE OF 140.34 FEET TO THE POINT OF BEGINNING. CONTAINING A CALCULATED AREA OF 201,177 SQUARE FEET OR 4.618 ACRES. TOGETHER WITH A PARCEL OF LAND BEING A PORTION OF THE NW ¼ OF THE SW ¼ OF SECTION 18, TOWNSHIP 20 SOUTH, RANGE 64 WEST OF THE SIXTH PRINCIPAL MERIDIAN, CITY AND COUNTY OF PUEBLO, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE EASTERLY RIGHT OF WAY LINE OF DILLON DRIVE AND THE SOUTHERLY RIGHT OF WAY LINE OF 40TH STREET FROM 17 WHICH THE W ¼ CORNER OF SAID SECTION 18 BEARS N 89º10'34” W, (BEARING BASED ON THE WEST LINE OF THE NW ¼ OF THE SW ¼ OF SAID SECTION 18 FROM THE NORTH RIGHT OF WAY ON COLORADO STATE HIGHWAY NO. 47 MONUMENTED WITH A 3 1/4 INCH ALUMINUM CDOT RIGHT OF WAY MARKER PLS NO. 30107 TO THE W ¼ CORNER OF SAID SECTION 18 MONUMENTED WITH A CONCRETE MONUMENT WITH A LEAD PLUG AND BRASS TACK IN A CAST IRON MONUMENT BOX ASSUMED TO BEAR N 01°34'40” W), A DISTANCE OF 490.98 FEET: THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF 40TH STREET AND 40TH STREET EXTENDED THE FOLLOWING TWO (2) COURSES; 1. N 88°35'16" E, A DISTANCE OF 180.70 FEET; 2. S 89°30'34" E, A DISTANCE OF 318.48 FEET; THENCE S 00°25'01” E, A DISTANCE OF 621.50 FEET TO A POINT ON THE NORTHERLY LINE OF COLORADO STATE HIGHWAY NO. 47 AS DESCRIBED IN THAT “RULE AND ORDER” (R&O) CASE NO. 97-CV-538, DIVISION D, DISTRICT COURT, PUEBLO COUNTY, COLORADO AND FILED FOR RECORD JULY 6, 1999 AT RECEPTION NUMBER 1287660 IN THE RECORDS OF THE PUEBLO COUNTY CLERK AND RECORDER; THENCE WESTERLY AND NORTHERLY ALONG SAID NORTHERLY RIGHT OF WAY LINE OF COLORADO STATE HIGHWAY NO. 47 AND SAID EASTERLY RIGHT OF WAY LINE OF DILLON DRIVE THE FOLLOWING SIX (6) COURSES; 1. S 83°44'03" W (S 83°44'53" W R&O), A DISTANCE OF 405.72 (405.69 R&O) FEET; 2. N 61°58'57" W (N 62°02'10" W R&O), A DISTANCE OF 40.82 (40.67 R&O) FEET; 3. N 26°28'24" W (N 26°27'56" W R&O), A DISTANCE OF 82.26 (82.28 R&O) FEET; 4. N 02°07'45” W (N 02°07'18” W R&O), A DISTANCE OF 200.08 (200.15 R&O) FEET; 5. N 04°40'40" W (N 04°40'31" W R&O), A DISTANCE OF 187.15 (187.09 R&O) FEET; 6. N 01°31'50" W (N 01°31'05" W R&O), A DISTANCE OF 184.83 (184.82 R&O) FEET; TO THE POINT OF BEGINNING CONTAINING A CALCULATED AREA OF 7.18 ACRES. TOGETHER WITH A PARCEL OF LAND BEING A PORTION OF THE NW ¼ OF THE SW ¼ OF SECTION 18, TOWNSHIP 20 SOUTH, RANGE 64 WEST OF THE SIXTH PRINCIPAL MERIDIAN, CITY AND COUNTY OF PUEBLO, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE WESTERLY RIGHT OF WAY LINE OF DILLON DRIVE AND THE SOUTHERLY RIGHT OF WAY LINE OF 40TH STREET 18 FROM WHICH THE W ¼ CORNER OF SAID SECTION 18 BEARS N 85º59'52” W, (BEARING BASED ON THE WEST LINE OF THE NW ¼ OF THE SW ¼ OF SAID SECTION 18 FROM THE NORTH RIGHT OF WAY ON COLORADO STATE HIGHWAY NO. 47 MONUMENTED WITH A 3 1/4 INCH ALUMINUM CDOT RIGHT OF WAY MARKER PLS NO. 30107 TO THE W ¼ CORNER OF SAID SECTION 18 MONUMENTED WITH A CONCRETE MONUMENT WITH A LEAD PLUG AND BRASS TACK IN A CAST IRON MONUMENT BOX ASSUMED TO BEAR N 01°34'40” W) A DISTANCE OF 322.88 FEET: THENCE SOUTHERLY AND WESTERLY ALONG SAID WESTERLY RIGHT OF WAY LINE OF DILLON DRIVE AND THE NORTHERLY RIGHT OF WAY LINE OF COLORADO STATE HIGHWAY NO. 47 AS DESCRIBED IN THAT “RULE AND ORDER” (R&O) CASE NO. 97-CV-538, DIVISION D, DISTRICT COURT, PUEBLO COUNTY, COLORADO AND FILED FOR RECORD JULY 6, 1999 AT RECEPTION NUMBER 1287660 IN THE RECORDS OF THE PUEBLO COUNTY CLERK AND RECORDER THE FOLLOWING SEVEN (7) COURSES; 1. S 04°09'50" E (S 04°09'33" E R&O), A DISTANCE OF 133.97 (133.90 R&O) FEET; 2. S 00°20'04” W (S 00°20'27" W R&O), A DISTANCE OF 358.23 FEET; 3. S 05°09'42" E (S 05°15'27" E R&O), A DISTANCE OF 82.20 (82.09 R&O) FEET; 4. S 44°07'09" W (S 44°09'41" W R&O), A DISTANCE OF 125.14 (125.34 R&O) FEET; 5. N 84°13'12" W (N 84°15'53" W R&O), A DISTANCE OF 65.20 (65.05 R&O) FEET; 6. S 36°27'01" W (S 36°28'48" W R&O), A DISTANCE OF 31.35 FEET; 7. N 81°37'45" W, A DISTANCE OF 149.27 FEET; TO A POINT ON THE WEST LINE OF THE NW ¼ OF THE SW ¼ OF SAID SECTION 18; THENCE N 01°34'40" W, ALONG SAID WEST LINE, A DISTANCE OF 270.07 FEET; THENCE N 88°59'28” E, A DISTANCE OF 207.17 FEET; THENCE N 02°38'18” W, A DISTANCE OF 388.22 FEET TO A POINT ON THE SAID SOUTHERLY RIGHT OF WAY LINE OF 40TH STREET; THENCE S 89°33'10” E ALONG SAID SOUTHERLY RIGHT OF WAY LINE, A DISTANCE OF 121.44 FEET TO THE POINT OF BEGINNING. CONTAINING A CALCULATED AREA OF 3.01 ACRES. TOGETHER WITH A PARCEL OF LAND BEING A PORTION OF THE NW ¼ OF THE SW ¼ OF SECTION 18, TOWNSHIP 20 SOUTH, RANGE 64 WEST OF THE SIXTH PRINCIPAL MERIDIAN, CITY AND COUNTY OF PUEBLO, STATE OF COLORADO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE SOUTHERLY RIGHT OF WAY LINE OF 40TH STREET AND THE WEST LINE OF THE NW ¼ OF THE SW ¼ OF SAID SECTION 18 FROM WHICH THE W ¼ CORNER OF SAID SECTION 18 BEARS N 01°34'40” W, (BEARING BASED ON THE WEST LINE OF THE NW ¼ OF THE SW ¼ OF SAID 19 SECTION 18 FROM THE NORTH RIGHT OF WAY ON COLORADO STATE HIGHWAY NO. 47 MONUMENTED WITH A 3 1/4 INCH ALUMINUM CDOT RIGHT OF WAY MARKER PLS NO. 30107 TO THE W ¼ CORNER OF SAID SECTION 18 MONUMENTED WITH A CONCRETE MONUMENT WITH A LEAD PLUG AND BRASS TACK IN A CAST IRON MONUMENT BOX ASSUMED TO BEAR N 01°34'40” W) A DISTANCE OF 22.04 FEET; THENCE EASTERLY ALONG SAID SOUTHERLY RIGHT OF WAY LINE OF 40TH STREET THE FOLLOWING TWO (2) COURSES; 1. N 88°02'36" E, A DISTANCE OF 48.64 FEET; 2. S 89°32'26" E, A DISTANCE OF 151.43 FEET; THENCE S 02°38'18" E, A DISTANCE OF 388.22 FEET; THENCE S 88°59'28"W, A DISTANCE OF 207.17 FEET TO A POINT ON THE WEST LINE OF THE NW ¼ OF THE SW ¼ OF SAID SECTION 18; THENCE N 01°34'40" W ALONG SAID WEST LINE, A DISTANCE OF 391.15 FEET TO THE POINT OF BEGINNING. CONTAINING A CALCULATED AREA OF 1.82 ACRES. 20 EXHIBIT B URA PLAN MAP 21 NOTICE OF PUBLIC HEARING Notice is hereby given that a public hearing will be held by and before the City Council of the City of Pueblo, Colorado (the “City”) on the proposed approval of the Dillon Drive Urban Renewal Plan, (the “Plan”) in the City Hall, No. 1 City Hall Place, Pueblo, Colorado, 81002 at the hour of 7:00 P.M. Mountain Daylight Time on August 25, 2025. The proposed Urban Renewal Area in the Plan is described as the area included in the Dillon North Subdivision, according to the plat thereof, including all interior and adjacent streets and public rights of way. The purpose of the hearing is to consider (1) if the area included in the proposed Plan is a blighted area as described in Section 31-25-103, C.R.S., (2) if the City Council should approve the Plan, (3) other undertakings and activities in accordance with the Colorado Urban Renewal Law by the City and the Pueblo Urban Renewal Authority (the “Authority”). The Plan does not authorize the use of eminent domain. The general scope of the proposed new Plan includes undertakings of the Authority, the City, and private enterprise for the elimination and prevention of blight, including, without limitation, use of tax increment financing and other tools and activities authorized by law and the proposed Plan for the redevelopment of the Plan Area. The proposed Plan is on file with and may be inspected at the office of the City Clerk at the above-described address. Any person or organization desiring to be heard will be afforded an opportunity to be heard at such hearing. Published under the authority and by direction of the City Council of the City of Pueblo, Colorado.