FINANCIAL_SERVICESAPPROVED

Fort Collins Urban Renewal Authority Agenda Packet 2026-05-28

URA funds City’s North College drainage project

Up to $4,750,000 (Authority contribution toward estimated $18.3 million project)City of Fort CollinsCITY OF FORT COLLINSMay 25, 2026

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Description

The Fort Collins Urban Renewal Authority approved an Intergovernmental Agreement with the City of Fort Collins committing up to $4.75 million toward the $18.3 million North College Drainage Improvement District stormwater and roadway project. The phased funding covers right-of-way acquisition and stormwater construction through 2029.

Contract Details

Contract Amount

Up to $4,750,000 (Authority contribution toward estimated $18.3 million project)

Vendor

CITY OF FORT COLLINS

Agency

City of Fort Collins, CO

Contract Type

FINANCIAL_SERVICES

Document Date

May 25, 2026

Contract Term

Contributions for ROW acquisition in 2026 and stormwater construction 2027–2029; project completion required by December 31, 2029

Renewal Date

2029-12-31

Renewal Info

Contribution is capped at $4.75 million, with flexibility for the URA Executive Director to shift amounts between ROW and stormwater caps without exceeding the total. Obligations to pay are contingent on the City’s appropriation of its share and on the project commencing ROW acquisition by September 1, 2026 and construction by July 1, 2027 and finishing by December 31, 2029.