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URA approves agreement for El Colorado redevelopment
Summary
After review of a revised agreement circulated by staff, the board moved, seconded and voted to approve the El Colorado development agreement; the chair announced the motion was unanimously approved.
Electra told the board she had circulated a revised agreement for the El Colorado portion of the El Colorado urban renewal area and asked if there were questions. A board member moved to approve the El Colorado contract and the motion was seconded.
The chair called the vote and announced that the contract was "unanimously approved." No member requested amendments on the floor; Electra will continue to work with the developer on implementation details and sequencing noted in the agreement.
Board members asked staff to follow up on implementation logistics and any timelines tied to CDOT and council approvals that remain outstanding.
