Urban Renewal Authority Board Thursday, June 26, 2025 04:30 PM Council Information Center (CIC) in City Hall, 300 Laporte Ave, Fort Collins, CO

URBAN RENEWAL AUTHORITY BOARD MEETING
5:00 PM

A)CALL MEETING TO ORDER

B)ROLL CALL

C)AGENDA REVIEW

Executive Director's Review of Agenda.

D)PUBLIC PARTICIPATION

E)PUBLIC PARTICIPATION FOLLOW-UP

CONSENT CALENDAR

END OF CONSENT CALENDAR

F)ADOPTION OF CONSENT CALENDAR

G)COMMISSIONER REPORTS

H)DISCUSSION ITEMS

The method of debate for discussion items is as follows:

• Chair introduces the item number and subject; asks if formal presentation will be
made by staff
• Staff and/or Applicant presentation (optional)
• Chair requests public comment on the item (three minute limit for each person)
• Board questions of staff on the item
• Board motion on the item
• Board discussion
• Final Board comments
• Board vote on the item

Note: Time limits for individual agenda items may be revised, at the discretion of the Chair, to ensure all have an opportunity to speak. If attending in person, please sign in at the table in the back of the room. The timer will buzz when there are 30 seconds left and the light will turn yellow. It will buzz again at the end of the speaker’s time.

1. 1.Consideration of a resolution to authorize the Acting Executive Director and URA Attorney  to negotiate and execute an assortment of loan documents related to the development of  a middle-income housing project proposed to be constructed at 302 Conifer Street.

   The purpose of this item is to authorize the Acting Executive Director and URA Attorney to negotiate and execute an assortment of loan documents related to the development of a middle-income housing project proposed to be constructed at 302 Conifer Street. At the March 27, 2025 URA Board meeting, the Board approved a “term sheet” describing the general terms and conditions of a loan from the URA North College Plan Area fund to the developers of a proposed deed-restricted 76-unit multi-family community to be constructed at 302 Conifer Street. At the April 24, 2025, URA Board meeting, the Board approved a loan administration agreement with Impact Development Fund (IDF) to underwrite and administer the proposed loan described in the term sheet. Draft loan agreement documents are currently being negotiated between the two senior lenders, the primary construction lender, the borrower, and URA staff, with final versions expected to be ready for execution shortly before the scheduled closing in mid-August. The Acting Executive Director and URA Attorney will return to the Board for approval if material changes to the term sheet are proposed or requested.

• Conifer Loan Agreement Agenda Item Summary.pdf (0.07 MB)
• Resolution Approving Conifer Loan Documents.pdf (0.04 MB)
• Exhibit A to Resolution.pdf (0.84 MB)
• Exhibit B to Resolution.pdf (3.24 MB)
• Presentation.pdf (0.75 MB)

2. 2.Consideration of a motion to go into executive session to discuss the potential purchase or acquisition of real property interests, including eminent domain, to receive legal advice on specific legal questions, and to determine positions relative to matters that may be subject to negotiations related to property in the North College Urban Renewal Plan area.

   “I move that the Fort Collins Urban Renewal Authority go into executive session pursuant to: C.R.S. § 24-6-402(4)(a), (b) and (e) for the purpose of discussing with the Authority’s attorneys and appropriate management staff the following items, all related to property in the North College Urban Renewal Plan Area:

   - Potential Purchase or Acquisition of Real Property Interests, including eminent domain,  

   - Specific Legal Advice on Specific Legal Questions, and 

   - Determine Positions Relative to Matters that may be Subject to Negotiations, Develop Strategy for Negotiations and Instruct Negotiators.”

I)OTHER BUSINESS

J)ADJOURNMENT

Upon request, the City of Fort Collins will provide language access services for individuals who have limited English proficiency, or auxiliary aids and services for individuals with disabilities, to access City services, programs and activities. Contact 970.221.6515 (V/TDD: Dial 711 for Relay Colorado) for assistance. Please provide 48 hours advance notice when possible.

A petición, la Ciudad de Fort Collins proporcionará servicios de acceso a idiomas para personas que no dominan el idioma inglés, o ayudas y servicios auxiliares para personas con discapacidad, para que puedan acceder a los servicios, programas y actividades de la Ciudad. Para asistencia, llame al 970.221.6515 (V/TDD: Marque 711 para Relay Colorado). Por favor proporcione 48 horas de aviso previo cuando sea posible.