Welcome Visitor
Today is Friday, November 24, 2017

Articles related to DURA


Urban renewal plan gains preliminary approval

By unanimous vote, the Delta Urban Renewal Authority has approved the plan that outlines how the city will reduce, eliminate and prevent blight in an effort to attract and stimulate economic development.

While a hotel is the primary means by which the plan is intended to be implemented, it is not the only option on the table, said DURA attorney Carolynne White.

Read more...
County pulls request for second DURA seat

The intergovernmental agreement between Delta County and the Delta Urban Renewal Authority (DURA) has been finalized, but it came down to the wire. On the evening before a 30-day extension was set to expire, the DURA board officially accepted the most recent proposal from the county.

Read more...
Financial analysis falls short

The Delta Urban Renewal Authority has reached agreement with Delta County, but is falling short of the total pledges needed to meet bond obligations anticipated for a hotel development.

DURA may have to scale back site development, which could jeopardize negotiations with a hotel developer, or pursue other projects in the plan area, which includes downtown Delta and property adjoining Confluence Drive.

Read more...
DURA chooses mediator

The Delta Urban Renewal Authority (DURA) has selected a Front Range attorney, Barbara Green, to serve as a mediator for discussions with Delta County Mosquito Control District #1 and Delta County Fire District #1. Both taxing entities declined to participate in tax incentive funding for future economic development projects in the City of Delta.

Read more...
DURA negotiations continue

Negotiations continue between the Delta Urban Renewal Authority and Delta County concerning the county's commitment to tax increment funding for a riverfront project in the City of Delta. After an executive session Monday night, DURA rejected a proposal from Delta County that modified plan boundaries for sales tax increment and eliminated lodging tax increments altogether.

Read more...
DURA pursues mediation

Following a lengthy executive session devoted to negotiations with legal counsel, the Delta Urban Renewal Authority last week rejected the property tax increment revenue agreements proposed by the Delta County Fire District and the Delta County Mosquito Control District.

Read more...
County counters DURA proposal

By state statute, the Delta Urban Renewal Authority has 120 days to reach agreement with taxing districts being asked to give up sales, property and/or lodging tax to help fund a hotel project described as a "catalyst" for economic development.

With that deadline looming, the Delta County Commissioners held a special meeting the morning of Thursday, Aug. 17, to finalize a counterproposal that was presented to the DURA board Thursday night.

Read more...
DURA hopes to avoid mediation

The one-year contract with the Denver law firm providing expertise for the Delta Urban Renewal Authority (DURA) was extended last week after lengthy debate and a 3-2 vote by members of the Delta City Council.

Extensions of 30 days are also being sought with the taxing districts that have yet to sign off on tax increment financing DURA needs to fund a riverfront hotel development.

Read more...
BoCC hires lawyer to negotiate with DURA

The Board of County Commissioners on Monday, July 17, engaged an attorney specializing in work that will involve the county's interests in negotiations with the Delta Urban Renewal Authority.

In other business on July 17, Region 10 director Michelle Haynes reported that the broadband middle mile system is now providing service to carrier neutral locations in the cities of Delta and Montrose.

Read more...
Delta makes the case for 100% DURA participation

Hotel development along the Gunnison River will only become a reality if every taxing entity in the plan area is willing to give up the property, sales and/or lodging taxes that would be gained from the development.

City manager David Torgler laid out the numbers during a joint meeting of city and county officials last week.

Read more...
DURA boundaries eyed

Delta city manager David Torgler reports that letters have been mailed to property owners in a large section of the city that could geographically fall within a yet-to-be-determined project area for the Delta Urban Renewal Authority. The letters inform property owners of a pending conditions survey, the first step in determining if the property should be contained within project boundaries.

Read more...
DURA takes formal action; trail grant denied

The five members of Delta City Council met as the Delta Urban Renewal Authority Oct. 18. Five resolutions were adopted as part of an effort to revitalize the entity that was formed in 1986.

Read more...
City hires attorney to revitalize DURA

On a 4-1 vote, the Delta City Council decided Aug. 2 to contract with a legal firm to revitalize the Delta Urban Renewal Authority established in the 1980s.

Councilmember Gerald Roberts cast the dissenting vote, saying he believes the money could be better spent elsewhere.

Read more...
City studies DURA as funding mechanism

In the mid 1980s, the City of Delta established an urban renewal authority for the purpose of renovating downtown Delta. Merchants agreed to give up their vendor fee -- the portion of sales tax collections they were allowed to keep to cover bookkeeping expenses -- to fund the effort.

Through the Delta Urban Renewal Authority, the Last Chance building at the corner of 3rd and Main was purchased and converted into a visitors' center that today houses the Delta Area Chamber of Commerce.

Read more...
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: