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HomeMy WebLinkAbout1991 Resolution No. 069RESOLUTION NO . {l.!j SERIES OF 1991 A RESOLUTION SUPPORTING THE ARAPAHOE COUNTY ENTERPRISE ZONE EXPANSION REQUEST . WHEREAS, the designation of an ente rprise zone provides for tax incentives to promote economic development; and WHEREAS, the re are additions to the zone which meet t h e requirements and characteristics of the enterprise zone proposed for 01..,:,e statutes; anci WHERE AS, the State of Colorado has made provisions for expanding existing enterprise zo n es ; and WHEREAS, all three communities have made a commitment to support economic dcv eh,µm e nt efforts in this s :ea, nlso known as the Santa Fe Corridor; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, THAT IT SUPPORTS THE ENTERPRISE ZONE EXPANSION REQUEST, INCLUDING AREAS WITHIN ENGLEWOOD, LITI'LETON AND SHERIDAN. ADOPTED AND APPROVED t his 19th day of August, 1991. Attest: Qi t,-',:ri cl (1 H' __, 'Patricia H . Crow, City Clerk I , Patri cia H . Crow, City Clerk for the City ofEng~v5r, Colora do, hereby certify the above is a true copy of Re so lution No . , Sedes of 1991. ENT E RPRISE ZONE CITIES OF . ENGLEWOOD & SHERIDAN J ":•v•--~-] I L_~ I ~~~.J (HU:,IIP,11 1$! l ONI! - [ll'AHSIOH AJIU - ' , I J "" IOUHo .. ,u rHGL[ o --- -'"""" ------- DATE Auguat 19, 1991 INITIATED BY HAFF SOllllCII JSSIIE/ ACTION PROPOHD COUIICIL _,.ICAUON AGDDA ITBN SUBJECT 12 a Department of Comiunity Development Enterpr iae Zon f.l M1ndmant Pam Pepper, Bconomic Development Adminiatrator 1'dopt a reaolution aupporting an ■xpanaion of the existing Arapahoe Cou nty Enter- prise Zone. Pll!VIOUI COUIICIL ACTION An Entarpri•• zone reaolution waa adopt•d by City Council in 1990 and the Zone was aatabliahed by the State of COlorado acting favorably on Englewood 's application. The Zone i e the "Arapahoe County Enterprise Zone." STAPP ANALYSIS Th e ex pansion of the l\rapahoe County Enterpr .l ae Zone will permit certain tax credit incentives from the State and allow the additional areas to be included f o r tax l ncentivea by local jurisdictions. Thia expansion is targeted for rehabilitation and the encou ragement of redevelopment aa well aa relocation o f businesses causod by the widening of the Santa Pe corridor . The rationale for establishing the Zone was to reverse the loas of employme nt in the community. Some bus ineseee located on South Broadway, old Hampde n , and o n the south s i de of U.S . 285 have requested that Englewood enlarge the zone to include these areaa. Originally, the retail areas included in the Zone were the EURA areas, sinc e these area s had been previo usl y tar- ge ted for redevelopment. The se additions are compatible with ou r main obj e ctive. BACKGROUNO Since the 1nception of the Ente r prise Zone, certain area s we r e omitted which are proposed f o r expansion. Thia application Le f o r new areas to include the Zone north and south on e :·oadway (commer,·\al areae); east of Br oadway from Floyd to Hampden; and east along Old Hampd en a nd the Centennial Acre e Shopping area on Belleview and Federal Bou levard. AttacheJ is a map of the revised area. In a ddi tion, a p1·oposed day care c entar to be located in the Ro ■e Hall of Cinderell a City will aleo be in-- e luded . The c enter \<llll benefit many of the buaineaaea located in the Zon e who can then rec e i ve tax c redit ■ f or contribution ■ to t he day care ce nter. The lack o f population growth wa ■ originally uaed to eatabliah e l i gibility and the new area ha11 t he 1am11 characteri ■tic ■ 't ■• t he rest of the Zone. 1 t is part of the area which loat 2,400 (101) of the City 's em p loyment base fr o m 1984 -1989. It has no residential ar"la , and aleo meat ■ t he ■tatutory requireme nts f o r qualification a ! an Enterpri se Zonw having no populat ion growth. The Cities o f Littlfiton and Sheridan al ■o have propcued addit i o ns to the Enterpr i se tone, \. h ich are lea ■ extenaiv e than Englewood'■• s ,·,eridan ia proposing to add the uth PedeI'a l Bu ni nQ:■■ Park at 4301 s outh Federal Bo\ levard . Littleton ie propos i ng to add the i r small indu ■trial area from the Englewood/Litt leton City Limits on South Santa Fe to Belleview and tz:om the Plat te River to South Win dermere. The three ad- ditions will be combined and forwarded to Arapahoe County Convnianionare for approval prior to aending the ent ire package to t he State tor their consideration and action. ~ No additiona l tundE are needed . ' Appli~ation for ENTERPRISE ZONE DESIGNATION August 17, 1990 City of Englewood City of Sheri dan ENTE RP RISE ZONE APPLICATION I. APP LI CANT A. The City of Sheridan and the City of Englewood hereby make application for Enterprise Zone designation for a major economic development area known as the Santa Fe corridor. This area 1s bounded by the census tracts which include the corridor and which qua 11 fy the area as an Enterprise Zone . The responsible Zone Administrator will be the City of Englewood, Office of Economic Development, Economic Development Administrator in cooperation with the City of Sheridan, Economic Development Coordinator. I I. BOUNDARIES A. Boundary Definition Proposed: The cities of Englewood and Sheridan have identified a corridor of primarily industrial zoning, with some retail uses, along the Santa Fe corridor from approximately Evans to Belleview . (See map) The Santa Fe Industrial Corridor has been targeted by the two COll'll1Unities for rehab11 itation and the encouragement of the development of more attractive uses, particularly light industrial and business C011'111ercial. The area 1s under construct ion by the Colorado Department of Highways. The transportation improvements will primarily widen Santa Fe and cut - off primary access for many businesses located along this corridor in order to upgrade the route to a limited access corridor . Many businesses have moved leaving vacant bu 11 dings and property . B. Need Assessment : The Englewood Economic Development Coalition prepared a strategic plan for economic development in May 1989 . Some of the l h '1lities for economic development were : a.) Appearance of the Santa Fe corridor . b.) Lack of developable parcels for new and expanding businesses . c .) Need for joint planning efforts with Sheridan and Littleton. The major in dustrial areas were generally perceived as assets due to t he strong manufacturing employment base which the area s upports . However, erosion of thi s employment base as busine s ses relocate south or north was al so a potential identified l i abil ity . In the 1984-1988 peri od , the skilled labor force was shrinking . Employm ent dropped fro m 23,800 to 21 ,300 in this period in Englew oo d, and gr ew from 2,500 to 4 ,000 in Sheridan, primarily d~e to a new r etail developm ent anchored by Pace Wa r ehouse. 11 I. STA TISTICAL DIS TRESS INDI CATORS A. Are a: The are a whi ch has been propo sed fo r des ignation in cl udes th e census t r ac ts shown in Tab l e I and on t he map . Th e t otal "grow th " A fr om 1984 -19 89 as docume nt ed by DR COG ~nd at tac hed as Ap pen dix A was W' -1 - a nega tive • .23%, or a dr op In populat ion of 45. lhe area meets dist re ss criteria n, pop ul ation growth rate l es s th~ri 1.00 perce nt. 8. Popu l ation: The po pula t ion within tha zo ne boundar ies is 19,66 1. The area i ncl ud es S,029 Sheridan residents an d Jr.,632 Engle1<ood residents . C. Sup plem ent al Di st ress Indicat or s : Va ca nt buil di ng s exi st throughout th e pro posed area. The De partment of Highways ha s disl ocated or will d islocate approximately 90 bu si nesses and residences In the proposed zone. (Source : De pa rtment of Highways .) • 2 . Census Tract # 54 .03 55 . 51 55 . 52 55 . 53 57 .oo 60.00 62.00 64.00 TOTALS 714 1761 2549 3183 2580 2878 3060 2981 Ne t Change 1984-1989 Boundaries Enterprl se Zone App 1 lcat I on Population (hange 1984-1989 Table I Populat Ion 1984 1989 849 1637 2291 3391 2538 2866 3224 2865 19706 19661 (45) (.23") General 54.03 55 . 51 55 .52 55.53 57 .00 60.00 62 .00 64 .00 Zuni -Evans -Raritan -Warren -rail road -Dartmouth Dartmouth -South Platte -Hampden -Knox -Floyd -Decatur Hampden -South Platte -Oxford -Irving -Q •.1lncy -Lowell Oxford -South Platte -Belleview -Lowell (excludes Denver) Yale -Broadway -Hampden -South Platte Hampden -Broadway -Oxford -South Platte Oxford -Broadway -Tufts -South PI atte Tufts -Broadway -Belleview -South Platte Note: Littleton •rea excluded contains no population (tract 64) -3 - IV . POTEIITIAL FOR BUSIN ESS DEVELOPM ENT AND JOB CREATION A. Econom i c Activity , Land Use and conditions with i n the propo sed zone and surrounding area of the co11111unlty : The area proposed has a hi story of industrial types of uses . The corridor has a mixture of Incompatible uses, trailer parks next to vehicle junk yards, a sewage treatment facll lty and some potentially contaminated sites which wer e noted in a Department of Highways report . Two 18 acre sites exist In the area, one an old steel mlli, th e other an abandoned da 1 ry, both wl th excellent ra 11 access . These s ltes are ready for redevelopment . The cities have shown an interest in assisting the owners of these sites with redevelopment plans . A third 13 acre site ha s been subdivided and marketing efforts are underway . The conditions within the local economy have been flat due to the overbuilding of the 1980 -1 983 period . However, as the Metro economy has begun to rebound the growth sectors have been 1 n t11e sectors requ i ring Industrial space, and absorption of industrial build i ngs and new construction are expected over the next 3 -5 years and at a 11uch more rapid pace than the offlce/co11111erclal $2 Ctors. (Sour ce: Ross Asset Management Group). Englewood and Sheridan have a c0111ltment to sup r ·,rtlng the growth of the industrial sector with improving the Im~ and identity of the entire Santa Fe corridor area, as di sc us s~d further 1 n the foll owing sect 1 ons . The corridur's ability to gain a portion of market share may well depend on special Incentives such as an Enterprise Zone . B. Obstacles that have hindered economic development In the pa st : The dislocation or l11111lnent dislocation by the Colorado Department of Highways has presented a large obstacle to development as well as the lack of a decision regarding final access routes, frontage roads an d pl ans for the design of the cor ridor . The need for the transportation im provement s was an obstacle itself and t he completion of nessessary Impr ovements over the next 3-5 years wil l greatly improve our abil ity to infl uence the future of the area posit i vely. Another obstacle has bee n t he land f ill which ha s now largely been converted to publ ic ope n space with a golf course. (The course Is located In Sherlrtan but Is a City of Englewood facll Hy). C. & D. The po tent i aJ for ex pans 1 on by ne w and exl st 1 ng bu si ne sses. Wh at Planning and Zon ing, if any, is in place for th e zone? Strateg ies for eco nom ic deve l opmen t recommended and ad opted in the Strat egic Plan for Engle wo od Dev el opme nt included : a .) Interviews with major employers and followup effor t s. b .) Cl ea nup and be autifi cati on of the Sa nta Fe corridor . c.) Joint plannin g efforts with Engl ewood and Sheridan to ensure the economic vital ity of the area. Interview Results: Interviews with major em pl oyers in the corrido r re e a led two major concerns : I.) Th e need for over all upgrading of streets, landscaping, maintena nce and infrastructure improve ment s . . 4 . 2.) Lack of l'ead1ly developable land or parcels for companies planning major expansions for growth 1n the next 3-5 years. Joint Planning: ln addition, staff from b·t,h convnun1t1es determined that a study was required to r·eview the current mix of 1ndustrh1 uses, market trends and the potential for encouraging new or "redevelopment" and upgr ade d industrial and commercial uses in the ~rea. The Ro ss Asset Management Group has been engaged by Eng •ood and Sheri da n to ass es s the development potential, cleanup req~. ·e ment, and industrial mix most likely to be attracted to the Sant. r e corridor, and steps each can take to support and en ,:ourage h1gh e indu strial and comm ercial uses in the corridor. The potential for relocat io n and/or expansion of businesses within the enterprise zone is great , giv en that the companies expressing a need to expand want to remain 1n the area 1n order to be close to their labor force of skilled technical and craft employees unlikely to commute to ~ new location . A number of opportunitier exist for vaunt and unde ri •t i 1i zed parcels to be deve 1 oped, however the assistance of the cities wit h i nfrastruchure, incentives and enterprise zone tax ~dvant ages, both state and local , 11ay be the key to t he area 's ab111 · to keep comp an 1es from re 1 ocat i ng to the nrrth or south, where land co sts are lower, and attracting new businesses to vacant buildings which may require upgrading or retrof iting. E. & F. What i nfrastruct ure 1s I n place an d planned for the zone? What labor force 1s available '.n the area for businesses locat i ng In the enterpr is e zo ne? What type s of skills are available? Generally, infras t r ucture is in plac e si nce the area 1s developed . However, the citi es wil l need to cons truct water and sewer extensions to som e in dustr ial areas north of Un i on in Sheridan and to some major Eng lewood in dustrial par,:els, as they reach developm en t. Englew ood will spend ne•rly a million dollars for the trans portation im pr ov em ent s to the S;:nta Fe corridor . As a respons e to t he co ncerr,s of bus inesses 1n t he area, ex pres sed du ring the i nterv i ews , a trat'1 c s :gn al was installed at Dartmouth and Zuni and staff are re viewin~ the dedication of a busine s s cul de sac, to improve ma inten ance of t he currentl y pr ivate way . In other words in frastruct ur e improvements wi 11 be budg eted i n response to bus iness conce rns. Th e labo r fo rc e area wh I ch Englewood busine s ses draw from is much larg er than the enter prise zo ne . Generally, it is estima t ed that em pl oyers hire 17 -20% of the i r employees fro m Engle wood/She ridan zip codes and an other 30 r. from ne ighbor i ng zip code areas. The labor force withi n a 5 mi l e radi us of th e center of th e zone is es t ima ted at 153,000 to 167,0 00 with 4.2r. un em pl oynt~n t. (Sources Donne lley Mar keting In form ati on Services an d llatlon al Decis ion Systems ). The 1,:apahoe Co un t , J ob Ser vice Cen t er , (ACJSC ), reports having a tra i ned l abor fo,ce avai l abl e with d11erse skills fr om white to bl ue collar. The ACJSC has 6,500 r eg istered ava11ab l.i workers; ap pr oximate l y half are profe ss io nal/clerical and ha l f ar e technica l, A skilled and semi -sk i lled . (Source: AC JSC. Dan Welc h) W, . 5 . Machinists, cra f t and skilled production r ~d repair "'orkers are more difficult to recruit, according to ,ocal businesses. Many businesses train their own or use the training available at the local conrnunity college . ACC will provide customized on site training in many skill areas. The businesses interviewed reported no recruitment or hiring shortages in the area , although some specialized skills had to be taught . In addition, nearly half of those surveyed reported using the Arapaho e County Job Service Center or Job Training Partnershi p Act Office for hiring new employees . V. HOW WILL THE PROPOSED ZONE S')PPORT AN D BE CONSISTENT WITH THE MAINTENANCE OF AN ECONOMICALLY VIABLE CENTRAL BUSINESS DISTRICT? A. & B. The area's present central business district Includes the South Broadway corridor and the Cinderella City Hall at Hampden and Santa Fe. Other smaller retail areas exist including Sheridan's retail center which 1s anchored by Pace Warehouse. A high retail vacancy rate exists In the aru of 22-40l as compared to 16" regionally. The need to Ill the vac~nt space 1s accute and Englewood may default on its Urban Renewal Bonds in 1990 -91. The relationship of the retail sector to the local economy and economic development objective, 1s twofold: the retail sector provides general fund revenue In the form of sales taxes which are critical to both cities •• uintaining a healthy retail sector 1s therefore a primary econ011lc development objective; the basic jobs provided by the 111anufacturlng / industrial / construction sector ire important to ';he survival of the base econOIIIY , Support of the two sectors, In ballnce, is key to local econo11lc health . Retaining basic jobs Is also a primary economic development objective. VI. The proposed zone includes most of the retail areas, however it is felt that due to the nature of enterprise zone incentives, retail businesses will not be affected as directly as basic Industries. We believe retail businesses locate in an area based on locational factors, including demographics, lease rates, vislbilit_y more than for tax i ncent Iv e purposes, except for new major reta 11 developme nt seekin3 publ le Im provements . C. The potential for co mp etition Is not a problem, since the tax advantages offered through enterprl se zone employee tax cred Its will not make or break a retail business, which h~ve fe we r employee s and depend on vol umn . The maintenance of an economically viable business district will be sup~,orted by the cities ' cont I nui11g economl c develo pment effort s. Major go als in clude ma ll redevelopm 0nt in Englewood and filli ng the Sherdan retail area. The commun 1t I es need to retain the basic man•Jfact uring and se rvice jobs in order to support their retail sector. Ex is ting ret ail businesse s wo •!ld benefit from new b1,s inesses mo vi ng in, s ince high va ca ncy rates tend to hurt the entire area. LOCAL MEASURES WHICH WILL BE UNDERTAKEN BY LOCAL GOVERNMENT AND THE PRIVATE SECTO R TO SUPPORT THE BU SIN ESS DEVELOPMC:NT AND JOB CREATION OBJECTI VES OF THE ZONE . • 6 . A. Local Zone Adm i nistration : I.) lhe Zone Ad mi ni s t r ato r, Ec onomic Developmen t Aomi ni~tra t or , A qualif i cat i on s i nclud e exper ien ce in bus i ne s s reten t i on and • re cruitme nt program s , planning and ec onomic development finance . The curre nt emp 1 oy ee has completed the Economl c Deve 1 op me nt Institute and wi ll soo n co mplete certificati on In Econom i c Deve 1 opme nt Fi na nc e . 2.) Re sp onsi bilit ies Inc lude rec r uitment and r etention ac tiviti es in cluding as s isti ng businesses with incent i ve packages. Develop ment of an Eng l ewood Strategic Plan for Econom i c Development with the Econom i c Dev el op me nt Co alit i on will be follow ed by plan i11plemen t at i on s trategies in 3 areas : mar keti ng , i mage and identity and building pa•tnerships . Administration of Englewood Revolving Loan Program I s another responsibility . The certification and rep ort Ing r equirements of Enterprise Zone Admini st rat Ion should not be any prot.lem to have as signed to this position . In addition, 11\arket lnJ zone i nc entives will be the i r r es ponsibil i ty . 3 .) The relat i on s hi p t o lo cal Englewood development organizations is hi ghly coord i nated , vi a Co alition membershlp/partnei ~hip. The executive co11111 i t tee of the Coalition Includes the Englewood Downtown Develc,p,ient Au t hority , the Greater Englewood Chamber of Conrner ce and the South Metro Denver Chamber of C011111erce/Econo ml c Deve 1 op me nt Group and Englewood City Council . The Mayor of Englewood serve · as the Chai rt1an. Each organ I zat I on has adopted the Strategic Pl an. Sheridan and Englewood have also fanne d an Informal ta s k fo rce to A work on ec ono r.11c development i ssues con cerni ng the Santa Fe • ~orri dor . This group ha s met fo r sev eral mont hs and has re sulted i n a jo i nt pl ann i ng/econornic dev elopm ent study performed by a consul tant , as me ntioned earl i er . The econ om ic de ve 1 op l!lent adm i ni st ra t or serve s on economic devel op mest conrnit t ees of both cha mber s, and a tra l nl ng advisory connlttee ,1t Ar ap~hoe Comm unity College. Al so Eng l ewood Is active i n the Me t rn Den "·~ tletw ork. 4 .) Loca 1 bu , ;ry and supp or t reso urces conrni t t ed to eco noml c development in the zone i n En gl ew ood Inc l udes a S65 ,00 0 budg et i n 1990 an d S2 00,000 in 19 91. An in ter n has al so bee n hired and co uld assis t with enterprise zone efforts. Sheridan has a part -time economic deve lcpm ent s taff person (app ro ved this month). 9. Loc al Develop ment Organiz at ion 1.) The act ive ec onomic develoome nt organi zations incl ude the Greate r En glewoo d Ch amb er , th e City of Englewo od, the So uth Metr o Denver Ec on omic Developme nt Group ( SMOEOG) and the En gl ewoo d Downtown Developm en t Auth ority (EDDA). Th e SMOEOG is the lead agEncy in the Metro Denver Ne tw ork and the ci t y i s al so a member. Sheridan has not been as active, due to lack of staff, but have approve d a par t -tim e pos i tion for the rem ainde r of 19 90, and to co nti nu e next year . The org anizations rep re se nt t he following A gen er al geograph ic al areas: • -7. Greater Englewood Chamber -Greater Englewood. (Mar~tt area within a 3-5 mile radius.) SMOEDG -Arapahoe County, South Jefferson County EDDA -Downtown Englewood merchants Including the mall. The first three groups are Involved i n joint , cooperative efforts to market Englewood to prospective bus i nesses . The first two would focus on retaining businesses In Englewood, while t he So uth Metro EOG would focus on retention in unincorporated Ar apahoe County. EOOA markets the retail area, nd hu participated with the City and Chamber In Image and Identity marketing efforts. The Strategic Plan for Economic Development has assisted 1n en s uring joint efforts without duplication, while focusing on ear.h agency's areas of expertise . For example the Englewood Cha111ber ~'• responsible for a new business startup kit while EDDA plans comant ,lty concerts in the plaza . Englewood maintains a current list of ,11 vacant building s and land, and provides a focal point for bu ~ ,1>•\s seeking to expand or relocate . The SMOED group works closely with the cities, and In addition provides business assistance through the Small Busines. Oevelop■ent Center . The Strategic Plan 1s included with th i s application to provide a complete Inventory of who does what . 2.) The '1 ead' for the Metro Denver Network 1s the county organization, the South Metro Denver Economic Development Group. The HON coordinates lAads through a c11111puter i zed network. The SHOED group shares leads o.1th the cities for their Input. All of the organizations conmunlcate through the Coalition as well, to coordinate other economic development activities . 3.) The other organiutlons will be Involved In helping to get the word out . Since Englewood/Sheridan repre sent s the major manufacturing and industrial area In the County , there should be no confl let with the goals of the other organization s. C. Area Econ om I c Deve 1 opment Pllnn Ing 1.) The cities of Englewood and Sheridan have unde r taken a study of their joint Industrial area i n the Santa Fe corridor and have hi r ed the Ross Asset Management Group to conduct an ana I ys 1 s . Based upon the report and staff input t he cities will be able to address additional city efforts or pr i vate effor ts re quired to attrad mo r e Industries, to redevelop exist In g underut il l zed area s and to 1:nprove the overall Image of t he Santa Fe corr i do r. The ,ieeds are t o reta i n exist Ing healthy bus I nesses, to fill vacant space w1 tt. new , compatible bus i nesses , and to Improve the corridor which has long been an eyesore In th e Metro area. Industr i al does not have t o mean j unkya rds ne xt t o t ra i l er parks , no land sc api ng and in com pat'ble uses . 2.) The re convnen dat io ns of the Ro ss stu dy are expected to i nc l ude vari ous industr ia l mar ket ni ches to t he targeted by the task force forme d by th e tw o cities. The action pla n activities wi ll in clude specific measures nec essary t o ~e ready for these ma rkets i n ord er t o be more com pet it Ive. -8 - D. Enterprise Zone Market Ing Plan 1.) Current •ark1tlng goals and objectives Include an "Image and A Identity• progru, an updated 11arketlng brochure will be published W In 1990, a slgnage pr ogra11 and landscaping Improvements for are budgeted for 1991. The hndscape budget 1s $100,000. 2.) The existing 11arketlng progru has three areas: advert I s in g, 11ed1a place11ent and targeted •a111ngs. c-n1cat1on with existing businesses occurs through 1nterv1ews and I business newsletter. The budget for the Hrketiffl,! efforts for 1990 Is approxl11ately SIS,000 exc1us1ve of staff \1118. 3.) The Enterprise Zone will be •arketed In conjunction with the existing ■arketlng efforts. 1.) The audience which will bt targeted will Include •anufactur1ng and 1ndustr1al co■pan1es. Special mail Ing lists 11ay be the most appropriate •thod of Identifying potent lal businesses seeking to relocate or to open ne11 fac111tles. Since Hny startup compin1es locate In the Santa Fe corridor, other resourcH would Include the financial co..un1ty, Front Range Eco-le Developnient Company (FREDCO), Colora~o Econoa1c DeveloPMnt Company (CEOCO), SBA, banks, the Money Store, Yelltun capital 1sts and CH~A which could 1nfo~ companies of the existence and location of enterprise zones. b.) The results which are expected 1n the zone Include the A attraction of c011pan1es to an l11proved Santa Fe corrl~or W area, both due to zone designation and to concerted efforts to upgrade the general appearance and 1111)rove the Image of the area. One good ax111Pl• In Sheridan Is the Hampden Business Center, developed by Nolen, which 1s a campus style complex of showr0011, warehouse and light Industrial mixed uses along Hampden west of Santa Fe. Our goal would be to create or retain through exp1nslons 2,500 jobs over the next S years. This ts the null\ber of jobs lost In Englewood In the last S years ilnd represents a n\11\ber equal to 10:1. of the total jobs In Sheridan and Engl ewo od. c.) Methods to acMeve these objective s Include all of our economic developmunt activities which are focused on the Santa Fe corrldc•· and lnd••strhl areas . discussed In this appl lcatlon. M1.rke•: -~ efforts will be ' funded within the exist Ing budgets of the various organizations 1 I sted above , and coordinated by the Coalition which Is the most effect i ve corrmunlcatlon channel to reach all organizations Involv ed . Coordination In thl s ,manner has assisted us In the pa st year to ensure that duplication Is avoided . Sheridan wi ll be Included through their participation on one task fo r ce . -g - E. Other 1.) Zone Labor Force; Employment and Training Programs a.) The skill mix of the general labor force Includes many skilled and semi-skilled workers, however there is no guarantee that the labor force a val labl e wl 11 match the skill requirements of the new businesses. Since the Ross study will assist In narrowing the targets from manufacturl ng, I ndustrla l and comerc I a 1 types of businesses to more specific categories l lkely to find the corridor suitable, the target Is general at t his point . b.) Employment and training resourcP.s include Englewood Puhl le Schools, Arapahoe Comunlty Co 11 ege (ACC), and the Job Training Partnership Act office. Training needs are usessed through Interviews with businesses lo determine training goals by the Business and Industry Affairs Coordinator at ACC. Customized training Is also available through ACC and Englewood schools. Many zone area businesses have r eported using ACC and the local JTPA office for hiring and training employees, (on the job training In the case of JTPA). 2.) financing Resources Include the Englewood Re volving Loan Program which loans up to S!0,000 to new businesses for up to S years at °' interest. This program is proposed for expansion in 1991 with local bank ass !stance . Other resources inc 1 ude the Col or ado and Front Range Ec onomic Development Comp an I es, the Col or ado Hous1 ng and Finance Authority and the Colorado Office of Economic Development 1 oan programs. 3.) Intent Ive Po 11 cl es • Englewood has de ve 1 oped an approach to In centives wh i ch would comple ment the enterprise zone I ncent Ives. On a case -by -case ba s i s , City Council will consider waiving certain permit and use tax fe e s and wi ll add tho se i ncent i ves permitted by Enterprise zone de s lgn at io n. She r i dan cou nc il will consider the same t ypes of In centives . 4 .) Infrastructure -Impr oveme nts include tra nsportation and acce s s , landscap in g and so me ut ility exte nsions . These ar e bud geted and/or underway . Utility extensio ns wi ll be sche dul ed as the needs are determ i ned and t he land bec om es s ubdivid ed . The City will pay for the transportati on (SI milli on) i mproveme nts , t he landscaping Impro vement s ($1 00,000 i nitiall y), and the uti l i ty improv ement s (cost unkn own) will be funde d t hroug h t ap f ees paid by de velopers . 5.) Ot her l ocal measures t o support the pro pose d zone will i nc lud e a more co mplete i nven t ory of t he businesses, buildi ng s and land uses of t he zon e. The study under taken by the Ross group on a portion of the Santa Fe corri do r may be en l ar ge d t o inc lu de the entire zo ne area . VI I. EV ALUAT IO N A. Spec ific Local Objective s and Expectations for t he zo ne area. • 10 · The Enterprise Zone will become visually much more attractive . The success of the efforts to improve the entire Santa Fe corridor wtll depend on the abtltty of Englewood and Sheridan to convince businesses to locate there . The cities wtll track the number of jobs and public and private capihl investment in the area . The goals of the convnunities are to increue and/or retain Z,500 jobs over the next 5 years . Further the development of at lea s t ZS0,000 square feet of space is a secondary goal, over the same per i od . Other objectives which will be met : Upgrade the overall "image and identity • of the Santa Fe corridor. Impr ove the loc ,i"I ccono11ic base through buic job creation . Create industrial areas which satisfy market demands by providing incentives to locate in ar eas which need private investment In redeveloping older, more blighted industrial areas to prevent the flight of industry to newer suburban areas which may lack the infrastructure and 1 bor force to support those industries. -11 - .. :