Avon OKs incentives for developers
Avon, CO colorado
AVON, Colorado ” Developers looking to build in Avon, Colorado could have more reason to do so after the Town Council approved a plan for incentives Tuesday night.
The policy allows the town to provide financial incentives, such as fee waivers, revenue sharing, operating and maintenance costs and low-interest loans, and nonfinancial incentives, like sidewalks, special districts and parking districts, to developers.
“It’s a series of guidelines of what we’re going to do,” said Mayor Ron Wolfe. “It’s a tool.”
The incentive policy stands separate from the town’s comprehensive plan, allowing council and staff to make changes to it for one year in order to get it right.
The policy tells the private sector which incentives the town might support. Leland Consulting Group helped create the document, which is policy and not legally binding, with town staff. Representatives from the group said these kinds of policies help eliminate any confusion when entering into development contracts.
“We’ve strived to provide just one more layer of transparency so people wanting to develop in the town understand what they’re getting into,” said Mayor Pro-Tem Brian Sipes. “With the current financial meltdown, we need a clear understanding of the kind of development we want to see.”
Depending on how the incentives work this year, the council can “work the bugs out” and can fold it in as an appendix to the comprehensive plan in about a year, Assistant Town Manager Eric Heidemann said.