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BrightonUrBanrenewalaUthority2012annUalreport amessagefromthechairmanandexecutivedirectorasthegetrecessionslowlythwstheeesinsofspinthouhoutBihton.WheelsareturningatTreadsBicycleOutttersinthehistoricDepotTunesareplayingatMoreMusicforBrightonAccessoriesaresparklingatPinkDoorBoutiquesandNailSalonThesecreativebusinessesandmorehavequietlysetupshopinDowntownBrighton.Theyreherebecauseofourinvestmentsoverthepastdecadeininfrastructurefaadeimprovementshousingandculturalamenities.ThatandmoreiswhywevebeenrecognizedasoneofAmericas100BestCommunitiesforYoungPeople.Thisisafarcryfromtheemptystorefrontsandblightedareasthatoncecharacterizedourhistoricdowntown.Inadditiontoslowlycultivatingadowntownrenaissanceweareplantingseedstosparkadditionalinvestmentinotherunusedareas.Anewurbanrenewalareawascreatedinthesoutheastcornerofthecitylastyeartoattractnewretaildevelopment.Otherareaswillhelpattractnewcommercialocesustainableindustrialandadvancedmanufacturingrms.Allareasgeneratejobsandtaxrevenues.Thesetaxrevenuescreatedthroughurbanrenewalarealsobenetingourschoolsandpublicservices.Since2001oureortshavehelpedgrowBaseRevenueof1.7millionfortheCityofBrightonAdamsCountyGreaterBrightonFireDepartmentandSchoolDistrict27J.Wevecontributedanother3millioninrevenuesharingtotheseentitiesalongwithWeldCountyandSchoolDistrictWeldRE8.Foreverythingthereisaseason.SpringisunderwayinBrighton.RichGonzalesChairmanManuelEsquibelExecutiveDirector2RichGonzales Since2002theBrightonUrbanRenewalAuthorityBURAhasinvestedmorethan20millioninredevelopmentprojectsinurbanrenewalareassparkingprivateinvestmentofmorethan420million.2012BURARevenuesOtherFinancingSources53350672012BURAExpendituresOtherFinancingUses5335067PropertyTaxIncrementRevenues456115486SaleofProperty4450008SalesTaxIncrementRevenues2016674insFsohrvnus1272462AgreementsWithohens125127624AgreementsWithOtherTaxingBodies182914334DebtService112810021ProgramAdministrationopans90485717RedevelopmentActivities1646293tansfrsvs570621 BuraBoardofcommissionersBurastaffLgzlassisoheExecutiveDirectomleqblCityManagerBUraExecutiveDirectormvflbAssistantCityManagerforDevelopment4theBighoUbreewlauhoiyBURABoardofCommissionersandstaareexperiencedprofessionalsinbusinesseconomicdevelopmenteducationandlocalgovernment.OurMayorandCityCouncilhavealsoprovidedsustainedleadershipandagetitdoneattitude.cWtesueDeputyDistrictAttorneyJeersonCountytyhCommissionerCEOCFOREMAXMomentumdvrPastChairmanpicilnohesElementarySchoolrgzlChairmanDistrictreeseiveUnitedPowerJhpp-skCommissionerreloManagingBrokerHeppRealtyLLC-MetroBrokersmkcvViceChairmanMCCEnterprises daigallSpecialEventsLeaderJacunyDirectorRedevelopmentandDevelopmentProjectsPaulBnttiLegalAdvisoreiaBlakAdministrativeassstntgaymntyaDowntowninttvesuiraizSpecialEventsCoordinatorWeareverypleasedwithourdecisiontoinvestinDowntownBrighton.TheDowntownPartnershipCommitteehasbecomeaprogressivegroupwiththecommitmenttomakingDowntownadestination.JnifilownJnbuzKiButiqu5eliahutaCommissionerEHLandscapingWaynsttMayorProTemCityCouncilreesenttveExecutiveDirectorColoradoClassifedSchoolEmployeesassctnKinKilwCommissionerBusnessreltnshManagerWellsFargoBankJnifilaltenteowneJoonbugzKidsBoutiquemakhubtaltenteEditorPublisherBannerPressLocalColormaalnalvillaEmeritusMemberassstntpnclNorthElementarySchool ToddCreektyofThorntonCommerceCityDowntownBrightonN.MainSt.E.144thAve.E.136thAve.E.120thAve.BrightonRd.4thAve.SableBlvd.PotomacSt.W.BromleyLn.6LocatedattheconvergenceofInterstate76andtheE-470beltwayAdamsCrossingisaplannedmixed-usedevelopmentandmajoremploymentcenter.Anchoredbythe91-acreAdamsCountyGovernmentCenterandits1200employeesplanscallforupto2millionsquarefeetofcommercialspaceand1millionsquarefeetofretailspace.Justsouthofthe300-acreVestascampusandinaregionalEnergyCorridorthisareaispartofa3000-acreparceldesignedforexpediteddevelopmentofsustainableindustrialandadvancedmanufacturingrms.IthasdirectaccesstoHighway85industrialrailutilityserviceandanearbytrainedworkforce.northBrightonemPLoymentareasouthBrightonemPLoymentarea CrownPrnceBlvd.NewEnergyDr.E.168thAve.BuckleyRd.E.BridgeSt.BarrLake50thAve.TheeortsotheDowntownmerchantsandtheDowntownInitiativehavechampionedseveralpositivechangesinthearea.TheBrightonUrbanRenewalAuthorityhasbeenasignifcantpartnerinacilitatingthechange.gyPlkowPiley7DowntownBrightonisundergoingarenaissancewithnewretailresidentialeducationalandculturalinvestments.TheSouthMainRealignmentprojectisopeningupprimedowntownpropertiesformixed-userestaurantlodgingandhotelconferencecenterdevelopment.ThiswillbeabustlingretailgatewayattheconuenceofBromleyLaneHighway85andarealignedSouthMainStreet.doWntoWnurBanreneWaLareaLocatedjust22minutesnortheastofdowntownDenverneartheintersectionofI-76andE-470PrairieCenterisa2000-acremixed-usedevelopmentwithresidentialoceandretailuses.CurrentanchorsincludePlatteValleyMedicalCenterDicksSportingGoodsHomeDepotJCPennyKohlsLoewsandSuperTarget.southeastBrightonregionaLretaiLcenter WhatWedoMostcitieshaverundownareaswithdeterioratinginfrastructurevacantstorefrontsdecliningpropertyvaluesandotherfactorsthatreducethequalityoflifeandeconomicvitalityofthecommunity.BURAsmissionistoencourageinvestmentandreinvestmentwithintargetedareasofthecommunitywhilestrengtheningthetaxbaseofthewholecityandgrowingtheareasjobbase.BURAleveragesresourcesandpartnershipstodeliverhighqualitycommunityimprovements.TheBrightonCityCouncilhasapprovedseveralurbanrenewalplansthatencompassmuchofdowntownBrightonandtargetedareastothenorthandsouth.Theseareasarecharacterizedbyavarietyofblightfactors.BURAisaneconomiccatalystforthoseareasusingitsauthoritytoleveragefundsandforgecreativepartnershipswithprivatedevelopersbusinessesandotherinvestors.BURAmayassistinpropertyacquisitiondevelopmentnancingpublicimprovementsordevelopmentapproval.SinceitsinceptionBURAhasattractedmorethan420millioninprivateinvestmentandcreatedorretainedapproximately900jobsintheurbanrenewalareas.TheBrightonUrbanRenewalAuthorityhasbeenapleasuretoworkwiththeyhavebeenresponsivetomyneedsasabusinessownerandassistedwhenpossible.DowntownBrightonhastrulybeneftedromtheeortsotheAuthority.dhiowtPikdBuiqunilslAsalongtimeBrightonstakeholderIhaveseenDowntownatitsbestandatitsworst.TheBrightonUrbanRenewalAuthorityhasbeencommittedtoincreasingthevitalityothehistoricdistrictandcreatingaplaceortheentireamily.BbLmbowLmbrly8 InBrightonwehavemadesurethatouractivitiesalsobenetourschoolsandpublicservices.Urbanrenewalauthoritiesdonotlevytaxes.Redevelopmentoftheseareascanbeverycomplexandcostlyandthereisusuallyafundinggap.UrbanrenewalauthoritiesmayutilizeanancialtoolcalledTaxIncrementFinancingTIFtoclosethatgapandfundeligibleimprovementswithinthedesignatedarea.WhenanurbanrenewalplanareaiscreatedabaseassessedvalueisdeterminedbytheCountyAssessor.Onlythetaxincrementcreatedbynewdevelopmentintheplanareagoestoanurbanrenewalauthorityforaperiodnottoexceed25years.Taxentitieswhoreceivedtaxrevenuebeforeurbanrenewalcontinuetoreceivethetaxrevenuetheywerereceiving.Infacturbanrenewalhelpsincreasethetaxbaseovertime.Since2001oureortshavehelpedgrowBaseRevenueof1.7millionfortheCityofBrightonAdamsCountyGreaterBrightonFireDepartmentandSchoolDistrict27J.Wevecontributedanother3millioninrevenuesharingtotheseentitiesalongwithWeldCountyandSchoolDistrictWeldRE8.urBanreneWaLBenefitseveryoneRevenueSourceAssessedAdValoremTaxRealPersonalPropertytiftxitlmBBaseyearBjw25yearsassessedvaLuationincreasedvaLuationriBAdamsCounty493509CityofBrighton121988GreaterBrightonFireDept216372SchoolDistrict27J837036toBuraandotherentitiesBaseProPertyvaLues doWntoWnreinvestmentIstheresuchathingasacommunitymakeoverInDowntownBrightonthereis.Overthepast10yearsBURAhasmadetargetedinvestmentstoenhancethequalityoflifeinitshistoriccore.Buildingsgotnewpaintwindowsandawnings.Blankwallsgotmurals.ThehistoricArmorybecametheBrightonCulturalCenter.Flowerbasketscameoutinthespringandnewholidaylightsturnedoninthewinter.Thisthoughtfulattentiontodetailhelpedcreateastrongsenseofplaceforlocalconsumersandvisitors.DowntownreinvestmentwouldnothappenwithoutsupportfromtheDowntownPartnershipCommitteeDPCamembershiporganizationthatadvocatesforDowntownthroughbusinessrecruitmentandsupporteconomicdevelopmentmarketingandspecialevents.TheDPCmeetsonamonthlybasistodiscussandmakerecommendationsforcurrenthappeningsupcomingprojectsandotherimportantdowntownnews.BusinessesWanttoBeWherePeoPLeWanttoBe.thatsWhy30neWBusinesseshavemovedintodoWntoWnBrightonintheLastfouryears.10 doWntoWnPartnershiPcommitteec--BlkBfBlakeBischoStateFarmInsuranceOwnerBbLbLambertRealityOwnerBLwNewYorkLifeInsuranceOwnerallLkwLocalColorTheBannerPressOwnerKWlBrightonCulturalArtsCommissionJcBightoUbrwauthoitymkhbLocalColorTheBannerPressOwnermkhCityofBrightonParksandRecreationJmlestitMexicanRestaurantLaEstrellitaSalsaOwnermLValleyBankandTrustd.JcpbllBeyondBasicHealthOwnerJdkMainStreetCreativesArtistlxvqzStakeholdersJkMilagrosSoapOwnerJlJoonbugzKidsBoutiqueOwnerdhThePinkDoorDeedeesNailsOwnerJrlCandyBouquetOwnerBcATouchofClassOwnerPPbbTreadsBicycleShopManagerWsMayorPro-TemBrightonCityCouncilWlrBrightonCityCouncilsenseoPLacenwtysigssttpobsowerbasketsandholidaylightsstgthssofpciDowntownBrighton.communitygatheringsNewseasonaleventsandpromotionsbringBrightoncitizensandvisitorsdowntown.BusinessrenaissanceNewspecialtystoresaresynergizingintoacreativedowntownboutiquedistrict.historicPreservationDowntownheritageispreservedthroughredevelopmentofthehistoricArmoryandcarefulrenovationoftheoriginalTrainDepotandotherbuildings.BusinesssuPPortTheBrightonSmallBusinessAssistanceCenteroersfreeandlow-costworkshopsandcounselingfordowntownbusinessesitopicssuchsbusisspwitigaccountingandsocialmediamarketing.aadeimProvementsBURAhashelpedfund40downtownfaadeprojectshelpingllemptystorefrontswithnewboutiquesrestaurantsandspecialtystores.BestofallareseveralocecondominiumsonceaneyesorebutnowastrongwelcomingpresenceatthemainHighway85gateway.11 TheBrightonUrbanRenewalAuthoritysmissionistoencourageinvestmentandreinvestmentwithintargetedareasofthecommunitywhilestrengtheningthetaxbaseofthewholecityandgrowingtheareasjobbase.BURAleveragesresourcesandpartnershipstodeliverhighqualitycommunityimprovements.IfyouoryourbusinesswouldliketoknowmoreaboutwhatshappeningintheBrightonUrbanRenewalareaorinDowntownBrightoncall303.655.2066emaillgonzalesbrightonco.govorvisitwww.brightonura.org