The Urban Renewal Process in Pueblo
If you are a developer interested in the revitalization of your community, look no further, we are here to help. PURA can participate in development projects by offering direct incentives to private developers or investing in public improvements in designated project areas.
Every urban renewal process in Pueblo in which PURA is involved, by its nature, is difficult. If a proposed project did not have problems—financial, physical, or market-driven—the private sector would be able to accomplish the redevelopment on its own and there would be no need for PURA assistance.
PURA becomes aware of potential projects in a number of ways. Moreover, projects may be brought to the authority’s attention by city leaders, neighborhood groups, or developers. Sometimes, redevelopment is part of a city policy directive.
Once PURA has a proposed project, the authority follows a structured process to take a redevelopment from concept to reality.
Furthermore, you can join our meetings or read previous minutes to learn more about our current and upcoming projects.
Is there any kind of agreement between PURA and the developer?
Yes. Once the City Council has approved the redevelopment plan, PURA negotiates a redevelopment agreement with the developer. Furthermore, this document includes a description of the project, the budget, the tax increment usage, and a performance schedule.
There are a variety of ways PURA can participate in your project depending on the need…
- Redevelopment and Reimbursement Agreements
- Land acquisition
- Public improvements
- Grant partner
- Property improvements
If you have a project, contact us!
At what point can I have input into the redevelopment process?
There are several points at which the public can have input into the redevelopment process. People who reside, own property, or have a business in a neighborhood have the biggest stake in a redevelopment project. For that reason, a developer may seek neighborhood input on a project before coming to PURA for assistance.
Once PURA has been asked to be involved in redevelopment, it creates a presentation for the neighborhood in that area. The purpose of these presentations is to explain the project and seek input from the neighborhood. Moreover, members of the public also have the opportunity to attend PURA Board meetings. Lastly, this allows them to hear discussions on a project and the urban renewal process in Pueblo
When a redevelopment plan reaches City Council for approval, the public has another formal opportunity to comment on the plan. Therefore, the state Urban Renewal Law requires a public hearing on every plan before the City Council takes action. The public notice is given 30 days before the hearing in a general circulation newspaper. All residents, property, and business owners with concerns in the redevelopment area, must receive written notice of the public hearing.
Request for Proposals (RFPs)
PURA utilizes the Request for Proposals (RFP) Process to procure technical and professional services. The formal RFP process is as follows:
- Authority issuance of RFP.
- Evaluation process.
- Evaluation criteria: cost, qualifications, performance record/history, locally owned and operated firm within Pueblo County and completion time.
- Award of contract.
There are currently no active RFPs.