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HomeMy WebLinkAboutPC 25-08 Recommending Approval the Firestone Downtown Development Authority Plan of DevelopmentFIRESTONE PLANNING & ZONING COMMISSION RESOLUTION NO. PC-25-08 A RESOLUTION OF THE FIRESTONE PLANNING & ZONING COMMISSION RECOMMENDING THAT THE BOARD OF TRUSTEES APPROVE THE FIRESTONE DOWNTOWN DEVELOPMENT AUTHORITY PLAN OF DEVELOPMENT WHEREAS, pursuant to C.R.S. § 31-25-807(3)(a), the Firestone Downtown Development Authority ("DDA") has prepared a proposed Plan of Development (the "Plan"), attached to this Resolution as Exhibit A, which includes plans of development to implement the goals of revitalizing and enhancing the downtown area, attracting private investment, utilizing underdeveloped land, and leveraging public investment to provide necessary public infrastructure to serve the area described in the draft Plan (the "Plan Area"), and language that authorizes the DDA's use of tax increment or debt to finance projects that align with the Plan for a period not to exceed 30 years; and WHEREAS, the draft Plan outlines objectives and purposes for the development or redevelopment of the Plan Area consistent with C.R.S. § 31-25-801 et seq. (the "DDA Act"); and WHEREAS, pursuant to C.R.S. § 31-25-807(4)(b), the Firestone Planning & Zoning Commission shall be given 30 days after its receipt of the Plan to provide written recommendations regarding the Plan to the Board of Trustees prior to a public hearing before the Board of Trustees on the proposed Plan; and WHEREAS, the Firestone Planning & Zoning Commission received the proposed Plan on July 11, 2025, and has reviewed the draft Plan at a public meeting on July 17, 2025; and WHEREAS, C.R.S. § 31-25-807(4)(b) does not provide specific criteria upon which the Firestone Planning & Zoning Commission must review the Plan; and WHEREAS, the Firestone Planning & Zoning Commission wishes to make a recommendation to the Board of Trustees regarding the Plan. NOW, THEREFORE, BE IT RESOLVED BY THE FIRESTONE PLANNING & ZONING COMMISSION: 1. That the Firestone Planning & Zoning Commission recommends the Board of Trustees approve the Plan of Development for the Firestone Downtown Development Authority in the form attached hereto as Exhibit A. 2. While the DDA Act does not provide specific criteria upon which the Firestone Planning & Zoning Commission must review the Plan, the Firestone Planning & Zoning Commission has reviewed the Plan and found that it is in general conformity with the Firestone Master Plan 2013, as amended, the general comprehensive master plan for the Town of Firestone. 3. Pursuant to the DDA Act, it is the opinion of the Firestone Planning & Zoning Commission that the Plan will aid and improve the Plan Area. The Firestone Planning & Zoning Commission hereby finds that there is a need to take corrective measures in order to halt or prevent deterioration of property values or structures within the Plan Area and to halt or 34234065.2 prevent the growth of blighted areas therein. The Firestone Planning & Zoning Commission further finds that the Plan will afford maximum opportunity, consistent with the sound needs and plans of the Town of Firestone as a whole, for the development or redevelopment of the Plan Area by the Authority and by private enterprises. INTRODUCED, READ AND ADOPTED AT A REGULAR MEETING OF THE FIRESTONE PLANNING AND ZONING COMMISSION THE 17`h DAY OF JULY, 2025. ATTEST: tD� SEp,I- -r !'Z 1 Secretary Ii� qNX No ZONE ��� � 11111iiV0 0 34234065.2 EXHIBIT A 34234065.2