The SE Longmont URP, prepared in 2006, covers a City designated urban renewal area of about 405 acres bounded generally by 2nd Ave., 119th St., St. Vrain Creek, and S. Pratt Pkwy. The Plan lays forth the foundation for improvements and funding to eliminate blight and enhance the fiscal viability of the area. Staff is proceeding with 1st Amendment to the Plan initiating the capture of tax increment revenues from the development occurring at 2nd and Martin. The TIF will provide a source of funding that can assist in remediating and restoring the historic Longmont Sugar Factory buildings to functional, adaptive reuse and incentivize development in the STEAM and Transit areas. The Revised Plan is due to be processed in the 1st Qtr. 2025. Other amendments will be completed as needed to initiate additional TIF districts.