The Timnath town board tonight is expected to give initial approval to the annexation at the southwest corner of Inter-state 25 and Harmony Road where developer Jay Stoner has proposed a residential, retail and employment development centered on a manmade canal.
A public hearing and second reading will be held Oct. 29.
Tonight's action is on the board's consent agenda, meaning the annexation and rezoning will likely be approved with no discussion or debate. That will come at the Oct. 29 hearing, said Mayor Donna Benson.
Timnath officials are still waiting to hear whether Fort Collins will accept its offer to share 20 percent of sales tax revenue from the Riverwalk project if the city would do the same for the 25 acres that fall within its borders.
Fort Collins City Manager Darin Atteberry plans to meet Monday with his leadership team to discuss Timnath's proposal.
Come Thursday, there may be no looking back for the city of Fort Collins as Timnath gets ready to annex 275 acres from within the city's growth management area.
"It's possible, depending on the council's comfort level, that we could make a counter offer," Atteberry said.
"The staff is looking at it earnestly, and although it was somewhat of a surprise, we are taking it seriously, and we will respond."
The offer was good for 30 days from the Sept. 17 date of a resolution passed by the Timnath board.
If the city is to meet that deadline in 2½ weeks, council will need to make a decision at its meeting on Tuesday or on Oct. 14.
Atteberry said the proposal has not been scheduled for council debate yet.
The city's advanced planning and finance departments are reviewing the proposal, identifying the costs, pros and cons, "so I can make an informed recommendation."
Fort Collins has not backed away from its claim that Stoner's project falls within Fort Collins' growth management area and annexing it violates a longstanding agreement between the city and Larimer County.
But Atteberry remains optimistic the two towns can come up with some kind of joint board to review the development and some kind of revenue sharing plan.
The two towns have been at loggerheads since Stoner took his project to Timnath after feeling unwelcome by the City Council.
Timnath opened its doors to Riverwalk and moved rapidly to begin talks with Stoner.
Published by the Coloradoan
Comments (0)Subscribe to CommentsComment