What is the process for establishing an urban renewal area and advancing and urban renewal plan?
Generally

1 Determine Project Planning Area Boundaries; 2 Verify Presence and Location of Blighting Conditions; 3 Prepare Conditions Survey *; 4 Present Conditions Survey Findings to Urban Renewal Entity and Council for Acceptance; 5 Identify Market Opportunities Within Area and Quantify Timing; 6 Together with Stakeholders – Define Future Role of Area in Community; 7 Prepare Urban Renewal Plan; 8 Complete Financial Analysis (Tax Increment Finance – TIF); 9 Complete Impact Analysis (as per legislation) and Share With All Impacted Taxing Bodies; 10 Present Urban Renewal Plan to Urban Renewal Entity and Council for Adoption; 11 Issue Request for Projects; 12 Implement Plan

* Based on conditions survey findings, modify boundaries for urban renewal area, if necessary.

Source: Leland Consulting Group, (303) 458-5800, www.lelandconsulting.com

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1. What is an Urban Renewal Authority?
2. What is the purpose of an Urban Renewal Authority for Avon?
3. What is an Urban Renewal Plan?
4. What is the Main Street Redevelopment Project?
5. What is a Conditions Survey (Blight Study) and why do one?
6. What is Tax Increment Financing (TIF)?
7. Can TIF always be used to finance a project?
8. If an area is described as “blighted” what does that mean?
9. What is the legal definition of a blighted area?
10. Why would I, a property/business owner, want to be included in an urban renewal area?
11. Does being in an urban renewal area affect my property values?
12. Does being in an urban renewal area mean my property will be condemned?
13. Who decides what the final urban renewal plan will look like?
14. If my property is in an urban renewal area, what flexibility do I have to improve it?
15. What is the process for establishing an urban renewal area and advancing and urban renewal plan?