HomeMy WebLinkAbout2010 Resolution No. 072• RESOLU no NO ?;L
SE RIES OF 2010
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A RESO LUTI O SUPP ORT ING TIIE ARAl'AIIO E COUNTY ENTERPRISE ZONE
EXPA SIO REQUEST
\V I-IEREAS. the cles igmui on rd' an cmcrpri st.: 1.o nc prov ith.:!-for tn :~: 1ncc,,1 , t'S to prom ote
econo mi c dcvelopment: and
WHEREAS. there are .td di 1101ml arcns wl 1ich nh!C I tl1c rcq u1rcmc11 1s a11d dm ractcris ti cs or the
enterp ri se zo ne whic h :ire propo 5ed for 1.onc stalll ~: mid
WI-IER EAS. th e Srntc ofColo rncl o ha s mnclc prov isio ns for cxpandin n C'41!-.tinl?. ent erpri se
.lO ncs: and
WHEREAS . in 1990 the itics l,f Eng lewood, Shcrid ::111 nnd Li1tl cton were grmu cd Entcrpn sc
Zrn 1c statu s for a po 111rn1 of ihc 1mlu str ial\y 11ml conm1c rci.ill y Zl1 111:d propert ies wi thin each
j uri sdi cti o11: and
WHEREAS . th e Arapahoe Comny 1:n1crpri sc Zo ne 1s a ce ntral cumponcnt of l:ngkwond 's
hus incss rc1c111i nn, expan sion and attra ctio n s1ratcg1cs: aml
WI IEREAS . 1h c S1a1 c of Co lL,nHl o tax credit s pn,vulccl by 1h c 1\rn p.i hoc CC1u lll y Ent er pr ise
/0nc art: designed lfl enco ura g~ in vesuncnt :md enhance th e cc01to mic cli m:11 e: and
WI IERl-t\S. the propo sl.!cl Arap ahoe ('ounl y Enterpri si: 7.o ne expan sio n an:as an.· dcsc rihcd
bel ow:
Medi t"al Distr ict Sm all Arca P/11 11 : \Vi 1h 1hc rccc m l nnin g d1 :mgc . staff n.:cn nnn cnd s ex pandi ng
the En1c11m se 7..o nc mto 1l11 s arcn to cnc,,ura gc bu si ness mtra ctmn. rch.·m1011. :uul pos~ih lc
rcd cvel opmc 111 .
Flood Middlf Sr lwol: Th e site 1s reco mm ended for cxp:Uhli'll 11110 !he Ent erpri se /.one hl
cm:o ura g.c 111vcs 1 mcnt and retie\ clo pmc111 . Th e sit e is bei ng marketed :1s a mixed-use
,t c,·clo p1 11e111 1,ppnrl l.11111 y
('c•11t1 .. 'm11 al Shnp1m1J.! Crntt'I": rhc sho pping center owners h:l\'c prL"\ io usly c..:x prcs~cd :111 1111crcs1
m redeve lo pm ent and nnc~lml'lll. hut 1111:-11wcst111 c n1 lm s 11n1 co me to frullh \ll . 1\dd 1ng tin s area
into tl1 c enterpri se 1.,11 1e p111e111 1,1\ly c11e ,1ura gcs devclop111e 111 and rc v11al ila1w11 11f 1l11 s rm,pcrt y
and s urrou nd ing an.:a .
NO W. T HEREFORE. BE IT RESO LVED BY TII E CIT Y COUNC IL OF THE CITY OF
Et GLEWOOD . CO LORA DO. TII AT IT SU PPORT S THE ENT ERPR ISE ZONE EX PANS ION
REQUE ST . INC LUDI NG AREAS WITH IN ENG LEWOO D AND LrlTL ETON .
ADOPT ED A 1D APPR OVE D tlus 1611' day of 1\ugust. 20 10.
I. Lo ucri shi a i\. Ell is. ity Clerk fo r t,h.c Ci ty of Englcw ocl . C
above is a tni e copy ~!'Reso luti on No . !R::_. Serie s of 20 I .
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COUNCIL COMMUNICATION
Date: Agenda Item : Subject :
Augusl 1 r,, 20 I 0 9 Ci Ara pahoe aunty Ent rp ri se Zo ne -Exp,1 ll !>i n
Areas
lnili ated Hi•: Staff Source :
Com munity D eve lopmen t D epartm en t Darren H ollin gsworth
Eco no mi c D eve lo pment Coordinat or
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
• Cily Cou ncil approve d Reso lu1 ion 65, Series 1990 in support of 1h e appli ,21i on 10 1h e S1a1e
of Colo rado, whi ch crea ted 1h e Arapahoe Coun 1y En1 erprise Zon e.
i1y Co un ci l dis cussed 1h e ex pansion of 1he Arap ahoe Cou nly En 1erpri se Za n al l he Jul y
26 , 20 I O slu dy sessi on.
RECOMMENDED ACT ION
Th e att ached reso lut ion Ju th o riz es sta ff to ~1pply 10 th e State of Colorad o's Ec o nomic Deve lopment
Co mmi ssio n ,1nd requ es t th e ex pan sio n o f the A ra pah o ~ County Ent erp ri se Zone.
BACKGROU ND, ANA LY SIS, ANO ALTE RNATI VES IDENTIFIED
In 1990, th e ities o! E11gl ewo d, Sherida n, and Littl eto n were granted Ent erpri se Zone stalu s for a
p o rtion o f the industriall y and co mm erc ia ll y zoned prop erti es w ithin each j uris dic tion. En glewood's
o mmunity D ve lo pm nt staff ad ministPrs th e Arapahoe County Ent erprise Zone. Th e economic
d eve lopme nt benefi ts avai lab le th rou gh th e Arapah oe Count y Ent erpris e Zon are a ce ntra l
compone nt of Englewood 's b usin es s retenti on, expa nsion, and att ra li o n strategies. Th e Sta te o f
Colo rad o tax credi ts provided by th e A rapa hoe Co unty En terp ri se Zone ar e des ign ed to encoura ge
im es trnen t .ind enhance th e economic clima te.
In 200' 56 Englewood bu si nesses cla uned ta'= cred its th rough the En 1erprise Zone. B nefit s l o
Englewood busin ess s locJ tecl in the A rapa hoe Co ... mty Enterp ri se lone to tal $1,5 89,279 in Slat e 0 1
o lorado ta, credib. Englewood bu sin esses re port e d to tal c,1pi 1al 1m es t men ts o f O\ er $69 milli on
and crea l ed 238 n w 1ohs w 11h an ave rage FTE s,1lm of S43 , 130 per employee.
Pro po sed h1,ansi o n Areas
Th e prop osed Arapah oe Co unty En terpris Zone e'=pa nsi o n areas art! delm ea ted o n th e atta ched
map and descri bed belO\,:
\tedic,1/ Dis 1ric1 Small Arp,, Plan With •'•µ recen t zoning change, staff recommends
ex panding th e Ent erp nse Zo ne int o thi , ·ea to t=nco urage busmess att rac tion, retention,
,111d possib le rede, elopm en l.
• Flood Mi ddl e School: Th e si te is recomm ended fo r expa nsi o n in to th e En •~rpri se Zo ne to
encm 1rage in ves tment and redeve lopm ent. Th e si te is bein g mark eted as a mixed-use •
deve lopm ent opp ortunity.
• Ce nt enn ial Shopping Cen ter: The shopping ce nt er owners have previo usly expresse d an
int erest in red eve lopm en t and inves tm ent, but th b in ves tm 111 has not co me to fruiti on.
Ad din g this area in to th e ent erpri se zone poten ti all y encou ra ges deve lopmen t and
rev it ali zati on of this property and sur ro undi ng areas.
FI NANCIAL IMPACT
Thi s ex pansion requ es t does not requir e a finan cial co 111mi 1ment by th e Ci ty of Engl ewood.
LIST OF ATTACHMENTS
Map of th e Prop osed A rapah t ··.ounty Ent rpri se Ex1,ansio ns
Re oluti o n
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Proposed Arapahoe County
En terprise Zone Expansions
D E N VE R
-Current En terprise Zo ne Boundaries
-Proposed Engle wood z,ne Exp ansion 2010
D Proposed Littleton Zone Expansion 2010