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BRIGHTONURBANRENEWALAUTHORITY2013ANNUALREPORT Asthesayinggoesarisingtideliftsallboats.InBrightonthatrisingtideisbeingcreatedinpartbytheBrightonUrbanRenewalAuthority.Since2001ourstrategicinvestmentshavehelpedincreaseourcommunitystaxbasegeneratingasanexamplewithintheCoreBURAArea16230500fortheGreaterBrightonFireDistrictSchoolDistrict27Jandotherpublicentities.Urbanrenewalworksinourcommunity.Throughtargetedpublicinvestmentswearecreatinginfrastructuretosupportnewbusinesshousingandculturalamenitiesthatbringmorepeopleheretoliveworkplayandshop.Ourprogramshavesparkedapproximately430millioninprivateinvestmentinourcommunity.Newtaxespayforpublicservicesandsupportourschools.Intimesofscarcepublicresourcesthisisgoodnews.WeinviteyoutoreadonandlearnmoreaboutthebenetsofurbanrenewalinBrighton.RichardGonzalesManuelEsquibelChairmanExecutiveDirector2AMESSAGEFROMTHECHAIRMANANDEXECUTIVEDIRECTOR 3Since2001theBrightonUrbanRenewalAuthorityBURAhasinvestedmorethan20millioninredevelopmentprojectsinurbanrenewalareassparkingprivateinvestmentofmorethan430million.2013BURAREVENUESOTHERFINANCINGSOURCES6634622PropertyTaxIncrementRevenues578143287TransferfromReserves2766184SalesTaxIncrementRevenues4712237InterestFeesOtherRevenues1053492AgreementsWithOtherEntities166179025AgreementsWithOtherTaxingBodies304391846DebtService114396317ProgramAdministrationOperations77695111RedevelopmentActivities800012013BURAEXPENDITURESOTHERFINANCINGUSES6634622 Mostcitieshaverundownareaswithdeterioratinginfrastructurevacantstorefrontsdecliningpropertyvaluesandotherfactorsthatreducethequalityoflifeandeconomicvitalityofthecommunity.BURAsmissionistoencourageinvestmentandreinvestmentwithintargetedareasofthecommunitywhilestrengtheningthetaxbaseofthewholecityandgrowingtheareasjobbase.BURAleveragesresourcesandpartnershipstodeliverhighqualitycommunityimprovements.TheBrightonCityCouncilhasapprovedseveralurbanrenewalplansthatencompassmuchofdowntownBrightonandtargetedareastothenorthandsouth.Theseareasarecharacterizedbyavarietyofblightfactors.BURAisaneconomiccatalystforthoseareasusingitsauthoritytoleveragefundsandforgecreativepartnershipswithprivatedevelopersbusinessesandotherinvestors.BURAmayassistinpropertyacquisitiondevelopmentnancingpublicimprovementsordevelopmentapproval.SinceitsinceptionBURAhasattractedmorethan430millioninprivateinvestmentandcreatedorretainedapproximately900jobsintheurbanrenewalareas.WHATWEDOWithoutpublic-privatepartnershipstodirectprivateinvestmentintoblightedareastherewouldbenonewrevenueasdevelopmentonthosepropertieswouldnotoccur.DowntownColoradoInc.4 5Thegapisthedifferencebetweenwhatacommunitywantsinadevelopmentandwhattheprivatesectorcanaffordtodo.Thisgapisgenerallybetween15and30ofthedevelopmentproject.ColoradoMunicipalLeagueOncethemonetaryobligationsrelatedtoaprojectarefullledthetaxingentitieshavenewpermanentsourcesofrevenuethatwouldnothaveexistediftheprojecthadnotbeenundertaken.DenverUrbanRenewalAuthorityCitizensGuidetoUrbanRenewalUrbanrenewalactivitiesinBrightonsupportourcitycountyschoolsandpublicservices.Urbanrenewalauthoritiesdonotlevytaxes.Redevelopmentoftheseareascanbeverycomplexandcostlyandthereisusuallyafundinggap.UrbanrenewalauthoritiesmayutilizeanancialtoolcalledTaxIncrementFinancingTIFtoclosethatgapandfundeligibleimprovementswithinthedesignatedarea.WhenanurbanrenewalplanareaiscreatedabaseassessedvalueisdeterminedbytheCountyAssessor.Onlythetaxincrementcreatedbynewdevelopmentintheplanareagoestoanurbanrenewalauthorityforaperiodnottoexceed25years.Taxentitieswhoreceivedtaxrevenuebeforetheurbanrenewalplancontinuetoreceivethetaxrevenuetheywerereceiving.Infacturbanrenewalhelpsincreasethetaxbaseovertime.Inscalyear2014thatmeansadditionalrevenuesof127121fortheCityofBrighton512592forAdamsCounty225472fortheGreaterBrightonFireDistrict872238forSchoolDistrict27JSince2001BURAsstrategicinvestmentshavehelpedincreasethetaxbasegeneratingatotalof16230500fortheseentities.InadditionBURAhascontributedanother5.8millioninrevenuesharingtothemaswellasWeldCountyandSchoolDistrictWeldRE8.EVERYONEBENEFITSAssessedValuationBaseYearAdjustedeverytwoyearsBasePropertyValues25YearsToBURAandOtherEntitiesIncreasedValuationTIFTaxIncrementTotalMinusBaseRevenueSourceAssessedAdValoremTaxRealPersonalProperty2014RevenueIncreasesinBaseAdamsCounty.....................512592CityofBrighton.....................127121GreaterBrightonFireDept....225472SchoolDistrict27J................872238 ToddCreekCityofThorntonCommerceCityDowntownBrightonE.168thN.MainSt.E.144thAve.E.136thAve.E.120thAve.BrightonRd.4thAve.SableBlvd.PotoacSt.W.BromleyLn.6LocatedattheconvergenceofInterstate76andtheE-470beltwayAdamsCrossingisaplannedmixed-usedevelopmentandmajoremploymentcenter.Anchoredbythe91-acreAdamsCountyGovernmentCenterandits1200employeesplanscallforupto2millionsquarefeetofcommercialspaceandmorethan1millionsquarefeetofretailspace.Justsouthofthe300-acreVestascampusandinaregionalEnergyCorridorthisareaispartofa3000-acreparcelforexpediteddevelopmentofsustainableindustrialandadvancedmanufacturingrms.IthasdirectaccesstoHighway85industrialrailutilityserviceandatrainedworkforce.NORTHBRIGHTONEMPLOYMENTAREASOUTHBRIGHTONEMPLOYMENTAREA DCrownPinceBlvd.NewEnergyDr.ve.BuckleyRd.E.BridgeSt.BarrLake50thAve.7DowntownBrightonisundergoingarenaissancewithnewretailresidentialeducationalandculturalinvestments.TheSouthMainRealignmentprojectisopeningupprimedowntownpropertiesformixed-userestaurantlodgingandhotelconferencecenterdevelopment.ThiswillbeabustlingretailgatewayattheconuenceofBromleyLaneHighway85andSouthMainStreet.DOWNTOWNURBANRENEWALAREALocatedjust22minutesnortheastofDowntownDenverneartheintersectionofI-76andE-470PrairieCenterisa2000acremixed-usedevelopmentwithresidentialoceandretailuses.CurrentanchorsincludeDicksSportingGoodsHomeDepotJCPennyLowesandSuperTarget.SOUTHEASTBRIGHTONREGIONALRETAILCENTER DOWNTOWNBRINGINGITALLTOGETHERMaybeyouhavetriedthenewsushicraftbeerorburgers.Oryouwentonafamilybikerideenjoyedachildrensstorytimeexploredanartopeningorjoinedaquiltingclub.AndwhowouldmissCulturefesttheFestivalofLightsandyear-roundperformancesattheArmoryPerformingArtsCenterDowntownBrightonisbringingpeopletogether.Newbusinessesarenotonlysettingupshoptheyareinvitingpeopleintolearnnewthingsandmeetnewpeople.Theyareco-marketingwithotherbusinessestokeepthingsinterestingandtheyarecontributingtolargercommunityevents.TheBrightonDowntownInitiativestartedsevenyearsagoanditisgoingstrong.Comingupin2014TheHistoricDowntownBrightonArtisanFairaneventseriesproducedbytheDowntownmerchantsstakeholdersandtheDowntownInitiative.LookforsomebignewimprovementstoadowntownparkinglotaswellasamajornewentryatSouthMainandBromleyRoad.WelcomeNewBusinessesAllstateInsuranceBRightOnSewingVacuumFabricKinetatFatBrothersBurgersandWingsHiddenTreasuresKikosAuthenticMexicanFoodLosCorralesWesternWearMetroPCSPrettyNailSpaSUSHITeriyakiPlanetTaxSmartTreadsBicycleShopTreasuresbyChance8 AdrivingforcebehindourdowntownreinvestmentistheDowntownPartnershipCommitteeDPCamembershiporganizationthatadvocatesforDowntownthroughbusinessrecruitmentandsupporteconomicdevelopmentmarketingandspecialevents.TheDPCmeetsonamonthlybasistodiscussandmakerecommendationsforcurrenthappeningsandupcomingprojects.FormoreinformationabouttheDowntownInitiativecontactGaryMontoyaat303.655.2217orgmontoyabrightonco.govUrbanrenewalredevelopmentprojectsbringsafetyproductivityandrenewedlifetourbanareas.ColoradoMunicipalLeagueCo-chair-GaryPlockPinocchiosItalianRestaurantOwnerCo-chair-BlakeBischoBlakeBischoStateFarmInsuranceOwnerGaryMontoyaStaLeadSpecialEventsDowntownInitiativeManagerDr.JamesCampbellBeyondBasicHealthOwnerBettyCoanATouchofClassOwnerJacCuneyBrightonUrbanRenewalAuthorityJudeeDickinsonMainStreetCreativesArtistSandyDupreeMoreMusicforBrightonOwnerJoniFieldsJoonbugzKidsBoutiqueOwnerAmandaGrinGrimagesOwnerDedeeHarrisThePinkDoorNailsbyDedeeOwnerMarkHeidtCityofBrightonParkandRecreationMarkHumbertLocalColorTheBannerPressOwnerSandiJenkinsMilagrosSoapOwnerBarbaraLambertLambertRealityOwnerMissyLevarioValleyBankandTrustJohnMontoyaLaEstrellitaMexicanRestaurantLaEstrellitaSalsaOwnerCrystalNelsonMetrowestNewspapersPeterPhibbsTreadsBicycleShopManagerJoyceReynoldsCandyBouquetOwnerWilmaRoseBrightonCityCouncilTeriSanchezSmallBusinessDevelopmentCenterWayneScottMayorPro-TemBrightonCityCouncilFelixVasquezStakeholderKathyWardleBrightonCulturalArtsCommission9Co-chair-aryPlockPinocchiosItalianRestaurantOwnerCo-chair-BlakeBischoBlakeBischoStateFarmInsuranceOwneraryMontoyaStaLeadSpecialEventsDowntownInitiativeManagerDr.JamesCampbellBeyondBasicHealthOwnerBettyCoanATouchofClassOwnerJacCuneyBrightonUrbanRenewalAuthorityJudeeDickinsonMainStreetCreativesArtistSandyDupreeMoreMusicforBrightonOwnerJoniFieldsJoonbugzKidsBoutiqueOwnerAmandarinGrimagesOwnerDedeeHarrisThePinkDoorNailsbyDedeeOwnerMarkHeidtCityofBrightonParkandRecreationMarkHumbertLocalColorTheBannerPressOwnerSandiJenkinsMilagrosSoapOwnerBarbaraLambertLambertRealityOwnerMissyLevarioValleyBankandTrustJohnMontoyaLaEstrellitaMexicanRestaurantLaEstrellitaSalsaOwnerCrystalNelsonMetrowestNewspapersPeterPhibbsTreadsBicycleShopManagerJoyceReynoldsCandyBouquetOwnerWilmaRoseBrightonCityCouncilTeriSanchezSmallBusinessDevelopmentCenterWayneScottMayorPro-TemBrightonCityCouncilFelixVasquezStakeholderKathyWardleBrightonCulturalArtsCommissionDOWNTOWNPARTNERSHIPCOMMITTEE BURASTAFF10TheBrightonUrbanRenewalAuthorityBURABoardofCommissionersandstaareexperiencedprofessionalsinbusinesseconomicdevelopmenteducationandlocalgovernment.OurMayorandCityCouncilhavealsoprovidedsustainedleadershipandagetitdoneattitude.BURABOARDOFCOMMISSIONERSCandaceWerthTreasurerDeputyDistrictAttorneyJeersonCountyTroyHagemanCommissionerCEOCFOREMAXMomentumDaveRosePastChairmanRetiredPrincipalNortheastElementarySchoolRichardGonzalesChairmanRetiredDistrictRepresentativeUnitedPowerMarkCordovaViceChairmanMCCEnterprisesJacCuneyDirectorRedevelopmentandDevelopmentProjectsLindaGonzalesAssistanttotheExecutiveDirectorManuelEsquibelCityManagerBURAExecutiveDirectorMarvFalconburgAssistantCityManagerforDevelopmentBernadetteKimmeyFinanceSupport RichardDickMcLeanMayorWayneScottMayorProTemChrisMaslanikWard1KirbyWallinWard1CynthiaA.MartinezWard2RexBellWard2LynnBacaWard3WilmaRoseWard4J.W.EdwardsWard4SPECIALTHANKSTOBRIGHTONCITYCOUNCILEliasHuertaCommissionerEHLandscapingWayneScottMayorProTemCityCouncilRepresentativeExecutiveDirectorColoradoClassiedSchoolEmployeesAssociationKevinKildowCommissionerBusinessRelationshipManagerWellsFargoBankJoniFieldsAlternateOwnerJoonbugzKidsBoutiqueMarkHumbertAlternateEditorPublisherBannerPressLocalColorMagdalenadelVillarEmeritusMemberAssistantPrincipalNorthElementarySchoolJanetHepp-StruckCommissionerRealtorManagingBrokerHeppRealtyLLC-MetroBrokersJoshGarciaAudioVisualTechnicianArmoryPaulBenedettiLegalAdvisorEricaHannahAdministrativeAssistantMarcusGarciaHouseCoordinatorArmoryGaryMontoyaSpecialEventsandDowntownInitiativeManager TheBrightonUrbanRenewalAuthoritysmissionistoencourageinvestmentandreinvestmentwithintargetedareasofthecommunitywhilestrengtheningthetaxbaseofthewholecityandgrowingtheareasjobbase.BURAleveragesresourcesandpartnershipstodeliverhighqualitycommunityimprovements.IfyouoryourbusinesswouldliketoknowmoreaboutwhatishappeningintheBrightonurbanrenewalareasorinDowntownBrightoncall303.655.2066emaillgonzalesbrightonco.govorvisitwww.brightonura.org.PhotoscourtesyofChrisSchneiderandRichVosslerBRIGHTONURBANRENEWALAUTHORITY